What the subject appreciates is not the bond nature of convertible bonds, but the mode of intraday trading. The feeling of getting a large proportion of profits in succession has a strong sense of accomplishment, which is the slow pace of T 1 stock market, and it is impossible to 10% daily limit. In addition to convertible bonds, futures and stock index futures also have similar trading patterns. The pleasure impact brought by capital leverage is very strong. We privately refer to the psychology of these investors as "transaction first".

Convertible bonds are subject to the T 0 trading system and can be bought and sold indefinitely every day, unlike individual stocks that can only be T 1 every day. If you buy convertible bonds that day, you can sell them at any time as long as you see the rise. Anyway, if the convertible bonds fall, you can cut your meat and leave at any time. Generally, convertible bonds follow the stock market. When the stock market goes up, it goes up. When the stock market falls, convertible bonds may rise. This is called getting up or down. It's just that convertible bonds will rise more slowly than stocks. If the stock has a daily limit, you can be optimistic about buying convertible bonds at this time, and soon the convertible bonds will also rise, depending on whether you have foresight.

I believe you also know that it failed in history to repair the stock price, but it is undeniable that this is the rights and interests of listed companies. When the stock price of convertible bonds is changed from Black Swan to golden phoenix, the conversion premium rate will decrease and the conversion value will increase. Generally speaking, historically, it is suggested that convertible bonds with stock price can be repaired at a glance, the stock price can be repaired many times, and the more critical relationship can be repaired in one year. That is to say, listed companies don't want to pay back the money and raise the price to 130 yuan to complete the strong redemption, so the convertible bonds that don't want to pay back the money are good convertible bonds, and our investors will get more income by buying these convertible bonds.

Because convertible bonds are T 0 transactions. Investors can buy and sell on the same day. Risk can be better controlled. Its advantage is that if you have enough time, you can see the one-minute line and the five-minute line to trade and get a return. Its disadvantage is that it will be passive if it can't control the ups and downs well. This will also cost you money. Generally speaking, bond speculation is a bond that fluctuates greatly that day. Stock trading is different. It closed at three o'clock today. Opening at three o'clock tomorrow will make investors happy and sometimes even lose money in the short term. So some people don't want to play the stock market for a long time.