In the volatile market, many investors will adopt such an operation method: when the market fluctuates around 3000 points, buy below 3000 points, sell above 3000 points when the target rate of return is reached, and then buy back at a low level, and so on, buy low and sell high to get more income. This operation strategy is band operation, which is simply high throwing and low sucking.

This is a very ideal state. In a period of market turmoil, the position of the market has not changed obviously, but it has accurately grasped every low and high investment opportunity. However, in practice, is this operation really feasible?

Many technical schools in the market try to infer the future trend from the past data, but time has proved that there is no absolute law to follow in the market, especially the short-term trend is unpredictable. All inferences are just probabilities and guesses, just like the pros and cons of a coin, which is either positive or negative, and even has the element of luck in guessing.

Band operation is to sell the held funds as soon as they earn a little. Then expect to buy at a low level, and so on, but the market is uncertain and will not rise or fall as you expect in the short term. Band operation is to look at your own subjective judgment, not at the valuation interval.

The phenomenon of seven losses, two draws and one gain in the market is because most investors choose such band operation.

As long as they can survive in the market, no one is a master of band operation. Buying low and selling high in band operation are caused by greed and fear.

There is a sentence in the prospectus of Pioneer Fund: If you are a band operator, please don't invest in Pioneer Fund, which clarifies the concept of long-term investment.

Our biggest profit comes from several correct decisions, and our biggest contribution is to pay attention to our hands at other times.