1. Feelings of people who make money: happiness and sense of purpose. For example, Lin Yuan and Shan Bin, who have bought Maotai shares for more than ten years, have earned a lot of money and achieved financial freedom. They are called "stock gods". They all set up their own private equity funds. Things are getting worse, and they must be flattered. Their sense of happiness and success must be full of life, which is beyond words.
2. The feeling of losing money: pain and frustration. For example, the feeling of holding China Petroleum for a long time mentioned in the question, one of my stock friends really held China Petroleum 13 years. Since 30 yuan bought it, 20 yuan began to make up the position, and there was no money to make up the position until 10 yuan. He has always had a glimmer of hope for PetroChina and has always been reluctant to cut meat. Now the holding cost is still 16 yuan, and the share price is only 4.45 yuan. This stock friend has not eaten incense for a long time, can't sleep, and even has nightmares, which is very painful. Small leek has become an old leek, and it has completely become a loser in the stock market.
3. Buy stocks and hold them for a long time. You must not blindly buy them or blindly keep them. To buy stocks and hold them for a long time, we must first determine whether the stocks we buy are worth holding for a long time, whether they have investment value, and don't be selective and blind; Secondly, we must learn to be flexible, fight if we win, leave if we don't win, and we can't carry it hard; Thirdly, do T in the band, and don't forget to do a new one in order to maximize the benefits.
I have kindly reminded small fans many times that buying and holding on dips is safe for the highest; It is better to buy bank stocks than to save money, and it is better to buy funds than to buy stocks. This is my motto and behavior track. Presumably, someone has been following in my footsteps and gained a lot.
It is better to teach people to fish than to teach people to fish!
My father is an old leek in the stock market, holding two stocks at the bottom of the box for 14 years.
It can be said that these two stocks are one of his few stocks that make money.
Originally, these two stocks may only account for 10% of his stock market assets, but now they may account for half of the country.
One is Wuliangye and the other is Shandong Gold.
Both stocks were bought at the peak of 2007, among which Wuliangye waited 10 years to lift the ban, while Shandong Gold took off ahead of schedule with the help of the gold market in 2009.
I haven't carefully read the profit and loss of his position, but I know that the floating profit of Wuliangye should be 8 times, and the floating profit of Shandong Gold is more than 1 times.
He often tells me with a smile that your father has no inheritance, so he left you some gold and wine.
Perhaps it is this idea that made him keep these two stocks until now, and I don't expect to sell them in the future.
As an old leek, my father's short-term operation basically ended in tragedy.
Buying at the daily limit, closing at the daily limit and falling by 20% a day are commonplace.
As a retail investor, it is normal to pursue height, because you like to pursue excitement.
It's just that I'm almost 70 years old, and I still learn from others to chase the daily limit. It's really a bit helpless.
He often switches back and forth between sensibility and rationality, sometimes considering short-term operation and sometimes considering long-term investment.
He wants to be long-term when he falls and short-term when he rises. This is his most common mentality.
Many people will feel as if holding it for a long time will pay off, but he will also hold it for a long time and eventually the stock will be delisted.
One is Hairun Photovoltaic and the other is Huarui Wind Power.
Hairun Photovoltaic 1 yuan was sold more, and Huarui Wind Power was delisted and never sold again.
Because Sinovel Wind Power was profitable when it delisted, he is still full of confidence in its return to the A-share market.
On the new energy track, the two so-called bull stocks he selected ended up with heavy losses and were terrible.
I only bought a few stocks of lithium batteries and made some money.
It can be seen that the risks of emerging industries are great, so we must assess the situation and not blindly adhere to it.
Once I asked him if he felt good after holding it for a long time.
He said that he was very at ease when he looked at the floating profit, but he was very unhappy when he looked at the floating loss.
Indeed, it is not a stock, it is suitable for long-term holding.
Good companies become more valuable, and bad companies become more miserable.
When you hold a stock for a long time, your mentality will be anxious with the stock price until the stock price rises or falls sharply.
After the crash, it is basically a state of lying dead, because the mentality has collapsed and I feel that it doesn't matter.
After the sharp rise, the psychological safety zone is established, and the short-term fluctuations of stocks will not be too concerned.
Look at the time, polarization is a natural law.
Many people say that the long term is gold, and the long term can make money.
In fact, taking my father as an example, it's a survivor's rule, not a long-term king.
The so-called survivor's law is that you see a long-term stock he holds rise sharply, but you don't see more long-term stocks, and you are still rubbing on the floor.
Holding Wuliangye for 8 times is not enough to erase the money that my father lost in the stock market for more than 20 years.
He bought hundreds of stocks and finally got rid of them, maybe only 1/3.
Holding a delisted stock represents a loss of 100%.
If it is Man Cang's operation, even if a stock rises by 10 times, it can't make up for the loss of 100%.
There are also some stocks that died 50-80% after peaking in 2007, and now they are all in 3-5 yuan.
Therefore, many people only see those stocks that have hit record highs and ignore those chicken feather stocks.
As a matter of fact, there are many more chicken feather stocks in one place than those at a record high.
But in terms of market value, those innovative stocks occupy a larger share of the whole market.
Large-cap stocks are getting safer and smaller-cap stocks are getting more and more dangerous.
The long-term money earned by investors is a very small number of stocks that have grown from small market value to large market value.
I consider myself a value investor, but not a long-term investor.
The investment in stocks is valuable at low valuation and frothy at high valuation.
And money is the initiator of the bubble.
The performance of listed companies themselves is the connotation and essence.
The so-called underestimation is below this essence, and the so-called overestimation is above this essence.
P/E ratio is the standard to measure this essence and valuation, and capital is the standard to determine the standard measurement.
Long-term investment is a trend, and there will be price fluctuations in the trend. It can only be said that the growth of enterprises is good and the trend is upward.
The upward trend is not necessarily related to the stock price rise, because there are still funds at work.
For example.
During the period of 10, the revenue and net profit of a listed company increased five times.
Then the stock price rose by 10 times in the first three years, fell by 50% in seven years, and finally rose by five times in 10 years.
Is this reasonable? It must be reasonable.
For investors, if 10 years ago, it is profitable. If they buy it in the third year, they will lose money.
It can only be said that the long-term investment value of stocks and the enterprise value are relatively matched, that's all.
As for long-term investment, short-term investment and band investment, there is nothing wrong with them. Everyone's investment methods and ideas are different.