1992 15-year-old Xu Xiang started his stock market trip with his mother's account. At that time, the initial capital of the account was 30,000 yuan, which was not a small sum for the teenagers aged 15 at that time. It can be seen that his mother's recognition of Xu Xiang is high enough to show Xu Xiang's desire and yearning for the transaction. But compared with the crazy greed of those futures bosses, Xu Xiang's trend stock trading method can only be regarded as a coolie. But dreams are always there. What if they come true? The book has its own golden house, and the book has its own Yan Ruyu. Xu Xiang had done a lot of homework and accumulated a lot of knowledge about the capital market through books before he really stepped into this market, so he came to the conclusion of the first sentence of the article.
Everyone who entered the market in the 1990s knows that the early A-shares did not limit the one-day ups and downs, which led to the brightness and darkness of some farmhouses. For example, at 1995 in late May, the market index soared from 577 points to 926 points in just three trading days, with a cumulative increase of 59%. Some stocks can double in a day, and some stocks can be discounted by more than half in a day. This caused great fluctuations in the society at that time, and the top management also felt that the gains were a little too much and that the risks should be controlled. Therefore, from 1996 12 16, the daily fluctuation range of stocks in all markets shall not exceed 10% of the trading price of the previous day. Until now, this rule has not changed.
The magic is one foot high and one foot high, and various forms of daily limit play have begun to appear in the market. As a result, those business departments that were often listed once became the focus of the market, and a business department of Galaxy Securities in Hefei became the focus of the market at that time. At this time, Xu Xiang was 20 years old and had five years of market trading experience. Xu Xiang and his cousin Ma Xinqi established a mature daily limit game in half a year through constant repair and improvement. I believe everyone has heard of this kind of play, which is a combination of probability algorithm and high-speed trading. Only people who are highly sensitive and grasp the market can control it. Xu Xiang can skillfully control this.
In fact, the daily limit can only be regarded as a successful direction, but it does not mean that it will be successful. Just as you can't be the second Soros after reading Financial Alchemy. Many people can build themselves into qualified traders through acquired training and hard work, but to become a top trader is beyond the ability of ordinary people, which requires some extraordinary talents. In other words, if everyone can become a top trader through training the day after tomorrow, then everyone can become Soros. Do you think it's possible?
Time is up 1997. On May 12, A-shares started a bull market, and many pseudo-investors who were blindly seeking profits began to enter the market. The leek era officially kicked off. Xu Xiang also took the opportunity to try his hand at the daily limit. After the baptism of the bull market, at the end of that year, Xu Xiang's capital quickly reached 3 million. After five years' efforts, the assets of Xu Xiang, who is only 26 years old, have exceeded 100 million yuan, and the daily limit method can be said to be in full swing. The reputation of "Daily Death Squad" has become a typical example of short-term hot money in Jiangsu and Zhejiang. Xu Xiang's sales department became a frequent visitor to the stock list, which also became an "abnormal" phenomenon in the market at that time. On February 15, 2003, "Ningbo Death Squad" officially became synonymous with short-term stock trading.
Xu Xiang forged himself into a man of the hour in the stock market in just ten years. It can be said that he is a trading genius, but greed eventually led to his imprisonment. At the same time, it can be said that he is a man of temperament. After the case of 20 15+0 1 1 Zexi, friends around Xu Xiang found him overseas. Careless, loyal to the body, a page vanished.
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