1, shipped in large quantities
The big players in the market have made a fortune. Futures will take profit-taking when trading at the daily limit, and futures will fall sharply under the influence of big selling orders.
2. nuisance; bad news
The next day, when there is significant bad news in the futures market, it will also cause investors who are long to panic and sell, and investors who are short will be short, which will lead to a sharp drop in futures.
Large households refer to those investors who have strong financial strength, huge investment and amazing trading volume and can influence the market situation.
More than 500 thousand can be called a large family, and a large family can enter a large family. If there are tens of millions of large households, securities companies will reduce commissions to attract customers to increase trading volume.
Large households are mostly composed of large enterprise consortia, trust and investment companies and groups or individuals with huge funds. Generally speaking, the stock market managed by large households has a large increase when the market is bullish; On the contrary, when the market falls, the decline is small due to the support of large households. However, once the main force retreats, the market will fall rapidly. Therefore, it is very important to know the trading dynamics of large households, which has high reference value for studying and judging the stock price trend.
Large stock speculators, that is, investors with relatively strong financial strength, are a special group in the stock market, mainly composed of institutional investors, whose number is very limited, accounting for about 5% of the shareholders, but their financial strength accounts for more than 2/3 of the whole stock market. Because any buying and selling behavior of large households means that funds enter and leave the market on a large scale, the operation of large households can easily cause large fluctuations in individual stocks and even the entire stock market. Especially when large households operate together, the stock price changes show obvious characteristics of large households, such as large households smashing the market or supporting the market. Due to the relatively small scale of China stock market, the joint market-making behavior of large institutions has a particularly prominent impact on the stock market.
The operation of big players in the market is obviously speculative. A considerable part of the funds they enter the market are loans or borrowings, and the use of funds has a strong time limit. Their behavior is obviously short-term. The main purpose of large households entering the market is to earn the price difference, so they usually enter the market by important or hazy bullish news, and boost the shipment when the bullish news is confirmed; When the news is relatively dull, large households often make use of topics in the stock market, such as creating various themes and concepts, or simply speculating on their own. Therefore, the trading of large households usually adopts the way of fast-forward and fast-out, which is the main reason for the violent fluctuation of the stock market.
Large-scale operation focuses on technical analysis. Because technical analysis can reveal the changing trend of stock price to a certain extent, especially the short-term changing trend, the operation of large households is often based on technical analysis. Sometimes, in order to make the stock price change develop in a favorable direction, large households will use their strong financial strength to create some false quotes and draw some deceptive lines on the map to induce investors who blindly believe in technical analysis to take the bait and create profit opportunities.
The investment behavior of large households has both rational and irrational aspects.
On the one hand, the funds of large households are usually operated by people with rich professional knowledge, and these traders are guaranteed in time, experience and skills. They can conduct in-depth analysis and research on the stock market and operate relatively rationally. On the other hand, because many of the funds of large institutions are state-owned assets, the profit and loss of stock market investment has no risk responsibility constraint on operators, and its operation is sometimes arbitrary and emotional. In large institutions, many traders are using public funds to "play" stocks and accumulate speculative experience for themselves.