机构暗中布局三年，散户还在猜顶底

Market Overview - The market appears to be thriving with major indices rising, particularly the ChiNext index which surged nearly 3% [1] - Over 2,800 stocks increased in value, with 66 stocks hitting the daily limit up [1] Market Dynamics - Despite the apparent market rally, only about 40% of stocks outperformed the index during a previous rally, indicating that many investors are lagging behind in relative returns [3] - The phrase "the most dangerous thing in a bull market is earning too little" highlights the risk of not accumulating enough gains before market corrections occur [3] Investment Strategies - Many investors mistakenly believe stock trading is merely about guessing price movements, often chasing trends without understanding institutional positioning [4] - Institutional investors have been quietly accumulating stocks since 2022, leading to significant price increases over three years, contrary to public sentiment [6] Market Signals - The market often misleads with K-line patterns and delayed news; however, monitoring fund flows provides a more accurate picture of market sentiment [8] - The presence of sustained institutional buying is crucial, as single-day surges may be driven by speculative trading rather than genuine interest [11] Survival Guidelines for Investors - Investors should disregard personal biases regarding stock valuations, as market movements are not influenced by individual opinions [9] - Continuous funding consensus is essential; significant price increases without ongoing capital inflow may not be sustainable [11] - Utilizing quantitative tools for analysis is recommended, as they provide objective insights into market conditions [11]