What determines the stock price? Is it the average price for everyone to buy and sell?

Not everyone's average price. The following details are introduced:

For this question, many people may find the answer from the aspects of policy, capital and international environment, which is good, especially the influence of policy factors, which will always accompany the stock market operation; Not to mention funds, there are capital inflows, the stock market will definitely rise, and the outflow will fall; The international environment-including exchange rate, major stocks, price changes in the futures market, wars, etc.-will affect the domestic stock market.

However, many people ignore an important point: the stock market has its own operating rules! Buying and selling stocks is actually a psychological game between buyers and sellers. The transaction price is the balance point of the interests of buyers and sellers, and all factors are finally reflected in the price through the psychology of buyers and sellers. Therefore, the operation of the stock market is based on market confidence. It is a concrete reflection of market psychology: buying low and selling high, rising rapidly and pulling back sharply can all be interpreted as: gaining some knowledge in the market-balance! Although in the stock market, imbalance is the norm, but if it deviates too far from balance, it will return to balance, just like a pendulum. This is the law.

All the factors play a role on this basis. You can break the trend, but you can't change the trend. This is what the law does! For example, in the upward trend, because the Shanghai stock market rose too fast at the end of 1996. 12, the central government issued a document, which caused a three-day plunge. In three days, most stocks closed at a limit, but the market should still rise and will not turn because of policy factors.197 continued to rise in the first half of the year; Similarly, after 2242, after the downward trend appeared, the government also introduced rescue policies many times, but they all had no effect, because the market has not returned to its original value! Simply put, the factors that affect the stock market are not only fundamental factors, but also the operating rules of the market itself. Sometimes the fundamental factors have a greater impact, and more often the rules have a greater role. For the market, the high position is easy to form the head, and the low position is easy to produce the bottom.

It should be said that the high and low of the market are relative. The original high will become lower with the passage of time. Similarly, the original low point can also become a high point, but in a time series (a wave of bull market), the high point is the high point and the low point is the low point.