两融资金大举入场，别被起伏迷惑

Group 1 - The core viewpoint of the article emphasizes the importance of quantitative big data in understanding market movements and making informed investment decisions, moving away from emotional reactions to price fluctuations [1][6][12] - The recent increase in the margin balance of the Sci-Tech Innovation Board has surpassed 290 billion, indicating significant financing activity in several stocks [1] - The article discusses the psychological struggle investors face during market volatility, highlighting the tendency to make impulsive decisions based on fear and greed [3][6] Group 2 - The concept of "institutional inventory" is introduced as a key metric to understand the actions of large funds, which can provide insights into market dynamics beyond surface price movements [6][9] - The article illustrates how the presence of active institutional inventory can indicate that a price drop may not reflect a fundamental issue, but rather ongoing large fund participation [9][12] - It warns against "false rallies," where stock prices rise without the backing of significant institutional investment, leading to potential losses for investors who enter the market based on misleading signals [13][17] Group 3 - The article advocates for a shift from emotional decision-making to a data-driven approach, suggesting that understanding quantitative data can enhance investment strategies and reduce the risk of emotional trading [18] - It emphasizes that investment success relies on objective recognition of market fundamentals rather than speculation based on feelings or rumors [18] - The narrative concludes by encouraging investors to utilize quantitative data to simplify complex market dynamics, thereby fostering a more resilient investment mindset [18]