Mindset
2007/1/10 15:49:21
The character 态 (state/attitude), in its ancient form, has "能" (ability/energy) above and "心" (mind/heart) below—the capable mind and the mind's capability. What is the capable mind? To give rise to the mind without dwelling anywhere. What is the mind's capability? The mind arises, yet there is nowhere it dwells. The fools of the world take "giving rise to the mind without dwelling anywhere" as sacred and liberating, and "the mind arises yet there is nowhere it dwells" as mundane and binding. They generate distinctions between sacred and mundane on their own—like seeing flowers through diseased eyes—pitiable and lamentable. There are also fools who seek a constant state of pure tranquility, calling it "settling the mind." Little do they know that settling the mind is itself the mind. Using mind to seek mind, entangled and continuous—even if clear as a bright moon, pure as a serene pool—it is still ghostly cave accounting, self-deception deceiving others.
The capable mind is the mind; the mind's capability is the mind. The mind cannot be settled, and there is no mind to settle; the mind dwells nowhere, and there is no mind that dwells. Mind upon mind reflecting mind, mind upon mind the reflection of mind. That which settles is the mind; that which dwells is the mind; that which liberates is the mind; that which binds is the mind; that which arises is the mind; that which ceases is the mind; this mind is the mind; not-mind is also the mind. The mind has no mind to mind, no mind minds the mind—yet still it is the mind. When mind is capable of minding, and mind minds its capability, the capable mind minds capability, and the state transforms heaven and earth.
Replies
缠中说禅 2007/1/10 16:24:36
[Anonymous] 淡定
2007-01-10 15:56:37
First seat! Poster, why won't you answer my question about 000001?
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What question?
缠中说禅 2007/1/10 16:26:11
[Anonymous] WHQ999
2007-01-10 16:12:41
DING! Reporting in. ICBC doesn't seem to have completed its mission today.
My mindset was bad today—I sold some of my Zhaochuan and bought Lutianhua instead, which turned out worse than not switching. I really shouldn't have shuffled stocks like that. Reflecting on it.
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Once you've bought a stock, you must hold it from the buy point all the way to at least the first sell point of the same level. Unless your short-term skills are particularly good, don't fiddle around—there's no need to work for the brokers.
缠中说禅 2007/1/10 16:28:49
[Anonymous] whq999
2007-01-10 16:25:09
As long as you don't chase highs and strictly buy at buy points, there shouldn't be big problems.
Currently the Shanghai and Shenzhen index trends are diverging. Chan-mei, could you guide us on which one to focus on for judging the future? Will a daily-level hub form soon??
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Both are the same. The key is that the two markets don't diverge from each other.
缠中说禅 2007/1/10 16:32:08
[Anonymous] 潜龙勿用
2007-01-10 16:27:06
Hello, Miss Chan!
I was on a business trip to a remote area for a few days without internet access to share your wisdom. Today feels especially warm.
I discovered that CITIC Offshore Helicopter 000099 has a second-type buy point on the weekly chart, so I entered at 4.39. By today's close, I've already gained some. Am I correct in my judgment?
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You bought a bit high. At 4 yuan you could buy freely. For any buy point, you should enter during the pullback, not chase it up. The only difference is the level of the pullback.
缠中说禅 2007/1/10 16:48:14
Everyone doesn't need to know that many stocks. This ID's second stock is an energy stock with five zeros and a digit in the middle; the theme is whole-group listing. They've all risen so much that this ID doesn't feel comfortable telling you to buy anymore. A few days ago it had a standard third-type buy point. Of course, with this ID's capital size, it's impossible to buy at one precise point.
The third one is a Jiangzhe stock with three zeros at the front and three identical digits of another number at the back.
The fourth has the same last five digits as the third, just with a different first digit.
The fifth differs from the third only in the last digit and is a CSI 300 sample stock.
Forget it—the hottest one was already shared in real time, and none of you could hold it. These four aren't as bullish as the first one, so knowing them would be pointless.
Note: this ID is not acting as any kind of market maker now—I just enjoy draining blood from market makers.
Also, this recent batch of funds is only a small portion of this ID's total. This ID's main forces are elsewhere—they entered long ago and are now sky-high with no trace. Even less reason to know about those.
缠中说禅 2007/1/10 16:51:07
[Anonymous] 淡定
2007-01-10 16:39:46
Can 000001 still be traded?
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You shouldn't think about the problem this way. Instead, ask yourself: at what level does it have first, second, or third-type buy points, and is that level worth entering?
缠中说禅 2007/1/10 17:00:51
This year's steel = last year's non-ferrous metals
This year's pharmaceuticals = last year's liquor
This year's what = last year's banking?
缠中说禅 2007/1/10 17:02:30
[Anonymous] 淡定
2007-01-10 17:00:28
[Anonymous] 淡定
2007-01-10 16:39:46
Can 000001 still be traded?
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You shouldn't think about the problem this way. Instead, ask yourself: at what level does it have first, second, or third-type buy points, and is that level worth entering?
I'm embarrassed, poster. I entered at 6.5 and have held until now. Now I don't know whether to stay or go, so please advise!
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Then you should keep holding. It's still doing well—what's the rush? Of course, if your short-term skills are good, you can play some short-term swings.
缠中说禅 2007/1/10 17:03:38
[Anonymous] 青皮六
2007-01-10 17:00:16
No stock questions today. The female Chan master once said any question may be asked. Winter has come, and many elderly pass away. An elder in my family has also passed, and reflecting on their life brings much emotion. Confucius said, "If you don't understand life, how can you understand death?" Tao Yuanming wrote: "Relatives may still grieve, others already sing. What is there to say of death? The body rests with the mountain slopes." Female Chan master, as a transcendent sage of vast learning, how do you view life and death?
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Life and death—just so!
缠中说禅 2007/1/10 17:07:48
[Anonymous] Xiao Ming
2007-01-10 17:02:54
I suddenly realized 000666 is moving quite beautifully too!
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All low-priced stocks will have catch-up rallies. Currently, low-priced stocks naturally present opportunities everywhere.
缠中说禅 2007/1/10 17:17:14
For those with larger capital, you can look at the trend of those 5 stocks after December 20th and see how this ID managed to hide enough rice—enough for 800 million farmers to each have a mouthful—into the bellies of these 5 market makers.
As for those with small capital, forget it—just find your precise buy points.
缠中说禅 2007/1/10 17:18:26
Signing off for now. More tonight.
缠中说禅 2007/1/10 20:42:54
[Anonymous] 快
2007-01-10 15:58:24
Miss Chan, what do you think of the severe divergence between A-shares and H-shares?
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Hong Kong is part of China, not the other way around.
缠中说禅 2007/1/10 20:47:41
[Anonymous] laoliu
2007-01-10 19:15:42
Can it be understood this way: buying between a buy point and a sell point, as long as you can sell at the sell point, is always profitable? This means Chan MM's recommended stocks can still be bought, as long as the sell point hasn't arrived?
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Just buy at buy points and sell at sell points. Of course, a buy point isn't necessarily a single point or a single price—the larger the level, the larger the tolerable range. Concepts like "in between" are vague. If the sell point hasn't appeared yet, what does "between the buy point and sell point" even mean?
Later I'll discuss how to precisely control the range of buy points, so I won't go into detail here.
缠中说禅 2007/1/10 20:51:51
wy1499
2007-01-10 18:44:05
Poster, I'd like to ask a question. Recently I've been trading stocks while playing with the stock index futures simulation. I've found that futures trends are consistent with stocks, but due to the margin system, the returns are far higher than stocks. With capital as large as yours, why don't you trade futures? With your status, trading Hong Kong futures should have no regulatory obstacles.
My guess is: in a big bull market, stocks have lower risk and guaranteed returns; while in a bear market, futures allow shorting, making them more useful then. Is that right?
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How do you know this ID doesn't trade futures? The risk in stocks is small—the biggest risk is legal risk. Beyond that, for large capital, there's really no risk. But futures are different. Futures are not something one can discuss openly. Once Mars collides with Earth, people must die before it's over.
缠中说禅 2007/1/10 20:58:03
[Anonymous] YY
2007-01-10 17:09:06
Chán Zhōng Shuō Chán
2007-01-10 17:00:51
This year's steel = last year's non-ferrous metals
-------------------Steel has already risen so much. Can it still rise?
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Last year's non-ferrous metals was a cross-year trend—after going crazy in the first half, it rested. Why can't steel do the same?
This year's pharmaceuticals = last year's liquor
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Last year's liquor rose steadily all year. Why can't this year's pharmaceuticals do the same?
This year's what = last year's banking?
-----------Is it coal stocks?
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Why did banking rise? Because of overseas returnee capital and its strategic importance. To match banking, you'd need at least these two conditions.
缠中说禅 2007/1/10 21:03:18
Everyone, note: the reason this ID mentioned those 5 stocks today is solely for tomorrow's lesson. This is the live version, because tomorrow I'll discuss some small techniques for using buy points—especially third-type buy points—to ambush market makers. Starting from December 20th, this ID has been live-broadcasting it for you all. The pharmaceutical one is absolutely the live version; as for the other four, take a look and see what you can figure out.
Note: to avoid unnecessary legal disputes, all of this ID's remarks about specific stocks are purely talking in my sleep. Do not believe any of it.
缠中说禅 2007/1/10 21:09:03
[Anonymous] kkk
2007-01-10 21:01:37
"But futures are different. Futures are not something one can discuss openly. Once Mars collides with Earth, people must die before it's over."
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Does the poster mean that futures depend entirely on capital size rather than purely on technique? Once a confrontation begins, one side must die? So Chinese small capital gets slaughtered the moment it steps out the door, right?
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Technique is still very important, but technique isn't everything—especially in futures. It's like a hunting ground where a group of musketeers wait for rabbits and leopards to run in so they can surround them. So if you go to someone else's field and get targeted, it'll be very uncomfortable.
The virtual market is, at its root, a hunting ground. From a national and ethnic standpoint, the key is to establish your own field. That massive battle in Hong Kong N years ago—would it have been possible on someone else's turf?
缠中说禅 2007/1/10 21:15:15
[Anonymous] 手中无股
2007-01-10 21:02:32
Poster, can you talk about how the stock market will change before and after the launch of stock index futures?
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After stock index futures launch, capital will become more concentrated. The greatest risk won't actually be to retail investors, but rather to the mid-sized so-called "hot money." So, as I've said many times before, follow the main army—don't play with guerrillas, or you may die without even knowing how.
Sectors with major institutional presence will become repeatedly active, while those without may stagnate for extended periods. This will become increasingly evident. Of course, in the next few years it won't be too severe—after all, China's egalitarian habits die hard, and there are still too few stock varieties. But this is the big trend.
缠中说禅 2007/1/10 21:17:27
[Anonymous] Leisurely
2007-01-10 20:45:50
Haha, what is the answer to "mind"? Big sister
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Mind—what answer?
缠中说禅 2007/1/10 21:21:16
[Anonymous] 带套操作
2007-01-10 21:13:15
What affects mindset the most is probably the fear of gains and losses! Trading stocks doesn't just make people restless—it also amplifies the fear and greed in people's hearts. Ultimately, character is destiny, and also fortune. Rather than letting the stock market affect your mindset, it's better to put your bet on Chan MM. Whether you win or lose, at least you get peace of mind. Thank you, Chan MM.
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Wrong. You must stand on your own—no one is worth relying on. Fear of gains and losses comes from being confused in the first place. This ID's theory is designed to eliminate such probabilistic confusion, to let you see the stock market at a glance—to know what the market is doing and what you yourself should be doing. Breaking through fear of gains and losses, through fear and greed, relies on wisdom, not anything else.
缠中说禅 2007/1/10 21:44:20
[Anonymous] Heart Zen
- ICBC's daily-level adjustment requires 3 consecutive trends on the 30-minute chart (decline–rise–decline) to complete one "Chán Zhōng Shuō Chán hub." Currently we're in the second trend phase;
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You can see it that way. Later, when we discuss the alternation principle of hub formations within trends, you'll understand why this adjustment is so abrupt. It's simple: the previous hub formation was a platform. But I'll explain this later.
- Looking at 600779 on the 30-minute chart: Dec 20 at 14.58 to Jan 5 at 12.37 is the first declining trend, then to Jan 9 at 14.08 is the second rising trend, then to Jan 10 at 13.47 is the second declining trend. There are now 3 consecutive trends, forming a hub (13.47–14.08). What follows could be an expansion or a new formation.
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With such a trend currently, extension, expansion, and new formation are all possible. Therefore, at this position, there is no buy point on the daily chart. The most recent buy point for this stock on the daily chart was the third-type buy point on December 5th. For such stocks, those who bought at low prices should continue holding and play some short-term swings using lower-level charts. Of course, the medium-term outlook is fine.
- 600795 selected from the SSE 50 (bought Dec 29) has yielded 56%, and 600428 selected on Jan 4 has risen 27% in just 4 days. Unfortunately my capital was small. Thank you, Chan Master!
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56%? Going from 6 yuan to 8 yuan—how does that give you 56%? Be precise when doing things.
缠中说禅 2007/1/10 21:48:18
[Anonymous] 你的粉丝
2007-01-10 21:38:51
I remember you also mentioned buying Guangshen Railway before.
Did you sell it?
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I haven't sold it. But that wasn't bought with this batch of funds. These 5 stocks of this ID's are from a new batch of capital—funds freed up from a real business project that took N years. Didn't I already mention this before?
缠中说禅 2007/1/10 21:50:12
[Anonymous] 过客
2007-01-10 21:45:21
Miss, hello! I'm new to the stock market with very little capital—just hoping to earn some pocket money. I have quite a bit of free time. I hope you could recommend some stocks with good prospects. Thank you in advance.
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It seems like not many people here ask these kinds of questions anymore. I hope you'll stick around longer and learn to stand on your own, just like everyone else here.
缠中说禅 2007/1/10 21:54:22
[Anonymous] Heart Zen
2007-01-10 21:50:54
56%? Going from 6 yuan to 8 yuan—how does that give you 56%? Be precise when doing things.
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Thank you for the "Chan Master's" critique. I was indeed careless. But are my questions 1, 2, and 3 above correct? Still waiting for answers! Or does no reply mean "tacit approval"? My brain is slow.
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I already answered everything. Didn't you see?
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ICBC's daily-level adjustment requires 3 consecutive trends on the 30-minute chart (decline–rise–decline) to complete one "Chán Zhōng Shuō Chán hub." Currently we're in the second trend phase;
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You can see it that way. Later, when we discuss the alternation principle of hub formations within trends, you'll understand why this adjustment is so abrupt. It's simple: the previous hub formation was a platform. But I'll explain this later. -
Looking at 600779 on the 30-minute chart: Dec 20 at 14.58 to Jan 5 at 12.37 is the first declining trend, then to Jan 9 at 14.08 is the second rising trend, then to Jan 10 at 13.47 is the second declining trend. There are now 3 consecutive trends, forming a hub (13.47–14.08). What follows could be an expansion or a new formation.
===
With such a trend currently, extension, expansion, and new formation are all possible. Therefore, at this position, there is no buy point on the daily chart. The most recent buy point for this stock on the daily chart was the third-type buy point on December 5th. For such stocks, those who bought at low prices should continue holding and play some short-term swings using lower-level charts. Of course, the medium-term outlook is fine.
缠中说禅 2007/1/10 21:58:19
[Anonymous] 外科医生
2007-01-10 21:54:03
Are there any pharmaceutical stocks worth trading?
My funds are currently in steel, railways, Lutianhua, and a low-priced glass stock.
Once I exit those, can I still catch the pharma train?
Thanks.
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Look back at the CSI 300 at year-end—the gains will basically be similar across the board. Your first concern should be whether your own stocks have hit a sell point, not always assuming the neighbor's food is better than yours.
A master doesn't necessarily catch every dark horse, but a master always knows when to leave and when to stay. After leaving, they find new prey. The power of compounding is the greatest dark horse.
缠中说禅 2007/1/10 22:02:27
It's late. Signing off. Goodbye.
One more time: the short-term theme right now is catch-up rallies—from the SSE 50 to the CSI 300, to non-component stocks. Pay attention to this rhythm. As for the broader market, some wobbling is normal.
The most powerful opportunities right now are third-type buy points in low-priced stocks.
缠中说禅 2007/1/10 16:22:39
The catch-up rally continued today, with performance from the three-line component stocks, which is entirely consistent with the rhythm of rotation. But whether the rotation can continue hinges on whether ICBC and others can resume their strength. If not, we'll enter an adjustment of at least 30-minute level, possibly even daily level.
The recent big rally has caused suppression rhetoric to start surfacing—this is the moment that tests the wisdom of the regulators. If the regulators don't do anything foolish, a daily-level adjustment will suffice. During the adjustment, non-component stocks will see catch-up rallies, and there will still be plenty of short-term opportunities.