Hexun Investment Advisor Wang Yan: Short-term funds lack vision?

Currently, short-term funds lack any pattern. Basically, whenever there’s a disagreement, they run, and they run at different times—either at the open or right after the market opens. They have developed a pattern, according to Wang Yan from Hexun Investment Advisory. During the closing auction, they rush to buy regardless of the computing power involved, including sectors like the oil industry before. The next day, if there’s a gap up, they sell first. That’s why they can’t generate consistent profits. They rely on some quantitative software, which allows them to quickly analyze and execute trades—秒测, 秒排, and so on. In this environment, competing with them in speed is like fighting a losing battle. The only ones who can truly rival quantitative trading are some institutions. Because they don’t just hold stocks passively—they also do T+0 trading. If prices fall back, they will absorb the shares. I understand what you’re saying—institutional funds often take the lead in many directions. First, they make the initial move, and after that, when you come in, they might sell to you.