1. Long term nature

This can be understood from two aspects: firstly, it refers to the long-term nature of the market holding cycle, which can generally last up to two years; The operation of two stocks does not abandon their liquidity, and they stay in one stock for a long time to maintain a relatively stable low position chip. High selling and low buying are used to create price differences. This high selling and low buying is not the traditional sense of high selling and low buying in the market consolidation, but refers to the high selling and low buying between one market trend and another.

2. Lock up property

In the market, there is a long-term lock up of a large number of low-priced restructured stocks and sub new stocks in the small and medium cap markets. Due to the scarcity of small cap stocks, there is now a trend towards lock up behavior towards mid cap stocks.

3. Profit expansion

Raising the target position and building a position at the cost level is no longer a doubling operation in the past, but now tends to be a multiple operation. The corresponding result is that, under the principle of not losing control of liquidity, a slight reduction in position at a high level can recover costs, and the holding market value can be used as collateral.

————Changes in warehouse construction

1. New fund approach

Relatively high position and large amount of fundraising, with a short period of time for establishing positions, result in difficulties in realizing profits. However, due to the fact that the new fund belongs to a closed contract type with a long duration of funds, the main force may hold without fear. This method can be adopted, which is suitable for loose large funds and long-term high growth support for individual stocks.

2. Traditional warehouse construction

The approach is no different from the past, using the main force to withdraw from the market in the early stage, causing the stock price to decline and build positions under the pressure of the main force and negative influences. This method of building positions and pulling high efficiency is generally low, with a longer cycle, and with the trend of long-term operation of the main force, the number of stocks that can be built positions is decreasing.

3. Establishing new and secondary stock positions

This should be the preferred target for establishing a position, and the opening time is relatively flexible and not affected by the overall market. The promising development prospects of the Chinese securities market, abundant market funds, and the scarcity and uneconomical nature of establishing positions in old stocks have led to a considerable amount of funds targeting new and sub new stocks. This is due to the relatively good quality of listed companies in recent years, and the issuance of new shares has greatly improved the asset quality of enterprises, resulting in higher profitability in the later stage. These factors have laid a solid foundation for long-term operation in the future.

4. Zhuanzhuang Project oriented

Unlike in the past where funds were solely relied upon and secondary market operations were used to raise or lower stock prices for profit, now more emphasis is placed on market operations rather than speculation. This is reflected in the organic coordination with listed companies' operations, restructuring, issuance, rights issues, and equity participation, providing comprehensive services to the operation of the secondary market from all levels.

From the perspective of the main force, starting from the confrontation with market trends, this article briefly analyzes some changes in the operation of the main force in the secondary market. However, looking ahead to the Chinese securities market, it is believed that more and more stocks will achieve a win-win situation, that is, no matter what investor holds for a long time, they can profit. Investors not only benefit from the losses of the other party in the zero sum game, but also from the high secondary market stock prices caused by the growth of the enterprise. This is not only the growth of the business, but also includes the growth brought by the capital operation of the enterprise. Because we are in the early stage, there will be many capital restructuring, mergers, and conversions, which is also one of the reasons why some investors lock up funds.