Core Insights - The A-share market has undergone significant restructuring, particularly with differentiated daily price limits, which has notably altered the traditional speculative strategies of retail investors [1][3][10] Group 1: Market Dynamics - The emergence of new generation speculators, represented by "Chen Xiaoqun," has gained attention due to their frequent appearances on the trading leaderboard [2][4] - The expansion of daily price limits from 10% to 20% and 30% has transformed the market's volatility and the operational strategies of speculators [3][10][12] - The current market structure has led to a layered liquidity effect, attracting high-risk capital and resulting in rapid fluctuations in market activity [12][16] Group 2: Trading Strategies - Traditional trading strategies, such as the "limit-up" approach, have been challenged by the new price limit regime, necessitating adjustments in risk management and operational tactics [11][15] - The maximum theoretical daily profit potential has increased significantly under the new price limit rules, but so have the associated risks [13][14] - The success rate of speculative trading has decreased, with the average success rate for top trading seats being below 50% [8][10] Group 3: Speculator Behavior - Speculators are adapting their strategies in response to the new market conditions, moving from "confirmation on the board" to "pre-purchase points" and diversifying their tactics [15][16] - The credibility of rumored trading seats associated with well-known speculators is considered relatively high, as market participants closely monitor their activities [6][7] - Despite the potential for high returns, following the trades of speculators does not guarantee profits, as their trading patterns can be unpredictable [9][10]

Trading Rules of US Stock Market - The regular trading hours for the US stock market are from 9:30 AM to 4:00 PM Eastern Time, Monday to Friday, which differs significantly from the trading hours of A-shares [1] - In the US stock market, there is no requirement to trade in multiples of 100 shares, allowing investors to purchase as little as 1 share, providing greater flexibility in capital allocation [1] - The US stock market generally does not impose daily price limits, allowing for potentially unlimited price fluctuations within a trading day, especially during earnings announcements or significant industry events [1] T+0 Trading System - The T+0 trading system allows investors to buy and sell stocks on the same day, enabling daily capital circulation and offering various trading strategies, particularly for day traders [2] - This system requires investors to have strong market analysis skills and risk tolerance, as frequent trading can lead to increased transaction costs and decision-making errors [2] Order Types - Common order types in the US stock market include market orders, limit orders, and stop-loss orders, each serving different purposes in trading strategies [2] - Market orders execute trades at the best available price, ensuring quick completion but potentially less favorable prices [2] - Limit orders allow investors to set a specific price for buying or selling, helping to control costs or lock in profits, while stop-loss orders automatically sell stocks at a predetermined price to mitigate losses [2]