However, in this competition, Gong Jian got another surprise, and won the sixth place in the weight group with a reference rate of return of 298%.
A futures trader who "becomes a monk halfway"
When I first met Gong Jianshi, the reporter of Futures Daily found that compared with other traders, Gong Jian seemed to be old. This may be related to his professional experience. From 65438 to 0995, Gong Jian, who graduated from university, joined a spot enterprise and engaged in chemical sales. In his spare time, he also often does some stock trading, which has aroused deep interest.
After doing business for ten years, because of his love for stock trading, Gong Jian focused his work on researching and trading stocks. "At that time, it happened to catch up with the big bull market in China stock market, which was a once-in-a-decade opportunity. I moved to the stock market and embarked on my professional trading path. " He recalled.
For Gong Jian, contact with futures is a relatively late thing. 20 10 April, Shanghai and Shenzhen 300 stock index futures were launched. Enthusiastic about stocks, he also has a strong interest in stock index futures. "As soon as the stock index futures were launched, I participated in the trading. In the past five years, I have never stopped trading stock index futures and have been watching and trading."
However, he told reporters that he also suffered a lot from the stock market to the stock index market. "In the first six months after the listing of the futures index, my profits in futures were relatively rich and the transactions were relatively smooth, but after several major callbacks, I basically spit out all the profits." Gong Jian said that he stumbled because he mechanically transplanted the method of trading stocks to futures. For example, stock trading focuses on stock selection and the company's future development space. When a company is selected, it can tolerate a relatively large retracement, or even carry it to the end, and futures can't carry on.
"Although the stock index is a derivative of the stock, the trading methods and strategies of the two are very different. I began to think about my trading methods and ideas. " Gong Jianshen said with deep feelings that it is precisely because of the "falling head" on the futures index that he began to spend more time studying the trading strategy of the stock index.
In his view, stock indexes are very suitable for intraday trading, both in terms of liquidity and volatility, and are also very suitable for trend trading when there is a trend. He believes that stock index futures trading, whether it is intraday trading or trend trading, has a very good space to play. Compared with trading strategy, fund management and risk control are more important.
Looking back on ten years of trading, Gong Jian feels lucky. "He caught up with the big bull market and achieved a substantial increase in funds. Although stocks and futures have retreated sharply, he has never broken his position and only withdrew some of his profits. "
Find the right trading method
For traders, they must always be aware of risks. Some traders pursue low risk, while others value risk-return ratio. Gong Jian belongs to the latter.
In his view, the retracement matches the growth of the capital curve. For example, if a trader's capital curve can explode, there may be a sharp retracement. He admits that compared with other traders, he can still accept a certain degree of retracement. For example, there is a great chance that a 30% retreat is acceptable to him.
On the other hand, if there is a good trading opportunity, he will participate in a heavy position, and if the judgment is wrong, he will leave in time. In his view, traders should have a sense of risk-return ratio, that is, in the profit expectation and actual loss, the profit expectation must be greater than the actual loss, and the risk-return ratio should be several times, and at the same time, they should have psychological expectations for the maximum retracement.
"The key depends on whether this retreat is not in my expectation. If there is a big retreat, I feel normal, but if this retreat exceeds my expectations, then I will play immediately and keep the existing victory first. " Gong Jian said. Perhaps it is because of this trading concept that the income curve of Gong Jian account fluctuates greatly in this national firm trading competition. For example, in May this year, when the bull market in the stock market accelerated to peak, Gong Jian grasped the rising market well, and his income curve also rose rapidly. Since June, the stock market has started to pull back, and the yield curve has also declined to some extent.
In August, the fluctuation curve of Gong Jian's account showed a relatively steady increase. "The market in August was relatively stable. At that time, my judgment on the stock market was more in line with the rhythm of the market, taking profit faster and stopping loss more resolutely, so there was a relatively large increase in funds. "
Gong Jian also has his own views on when to stop profit. He believes that taking profit is more of an art, and stop loss is a discipline and a guarantee for survival. Of course, the stop loss should also be dynamically adjusted according to the cost of opening positions and market conditions. Regarding the distinction between intraday orders and trend orders, he believes that there is no absolute limit. For example, if an intraday trading order is still in a very good profit state at the close, you can turn it into a trend order and keep it, but if the actual trend is very different from your own forecast, stop immediately. "If intra-day orders are converted into trend orders, they must meet the conditions of sustainable profitability."
He has been paying attention to the market for the past five years. "Such a long time of exercise and training has made me feel better about the market. As a subjective trader, I trade according to years of experience and experience. " He believes that behind the transaction is more human nature, which is the trader's view of the world and others and his cognition of himself. "There are many successful trading strategies, but only by finding the one that suits you can you achieve real success."
Survival comes first.
In Gong Jian's view, traders must have a correct concept of risk management, that is, survival first. "There must always be a humble heart in the futures market. The market is always right. Any judgment you make will give you a clear judgment. When the market judges that you are wrong, the only thing you can do is to come out first and survive. This is the top priority. " Gong Jian believes that as a trader, you must love trading. On this basis, you can make a good deal. Perhaps because he loves trading, he doesn't feel tired even if all the transactions and decisions are made by him alone.
"Trading is a lonely road, even a point of no return, which will force you to give up a lot of things. But for me, I love trading, which is a kind of enjoyment. Although the transaction is very hard, I enjoy it. " However, Gong Jian believes that as a trader, he should continue to learn, summarize, try and make mistakes, and find the right trading method.
Many traders will eventually embark on the road of issuing products, but Gong Jian is in no hurry. "Whether products will be released in the future depends on the market situation and whether we can find investors who recognize my trading philosophy and trading methods. Products should be made instead of excessive."