Most retail investors are willing to study whether there is a banker in the stocks they buy, and feel that the stocks with the main force are easier to make money. But in fact, whether retail investors or main players, buying and selling stocks is to make money, and timing is still very important. Timing is sometimes more important than choosing stocks. Here are some rules about fund management for your reference.

Several international popular fund management rules

I. Alexander's filtering rules:

When the stock price rises by X%, buy and hold the stock; when it rises all the way, the stock rises to the end point and then falls from the high position; when it falls by X%, it is sold. If you just buy, it goes down, and when it goes down by X%, sell it immediately. Generally, x is set to 10. If a stock rises from 10 yuan to 1 1 yuan, buy it. If it rises to 15 yuan and falls to 13.5 yuan, sell it immediately, because the decline of 10% proves that it has fallen. However, if it doesn't fall to 13.5 yuan in one day, it can't be confirmed that it has fallen in one day, and there is still a chance to rise again, so it is not suitable for selling. 10% becomes the filter of this stock, which filters out all doubts and proves that the upward trend or downward trend has really taken shape before taking action. This is the characteristic of this theory.

Alexander believes that you must wait until the trend is confirmed before you can buy or sell. The trend is confirmed by ultrafiltration 10%, and 10% cannot enter the market if it does not rise enough or fall enough.

The defect of this theory is that when the stock price is very erratic, it will fall when it rises, and it will rise when it falls. When the trend is unpredictable, the filter will fail.

Second, Gounel's filtering rules:

Buy when the stock price or index breaks through the 40-week moving average and sell when it falls below the 40-week moving average. This is a mid-line trading strategy, and investors must wait patiently for trading opportunities.

3. Program trading planning system.

This system can help investors who don't know much about analytical skills and chart judgment and don't grasp the ability to buy low and sell high. Suitable for people who have no time to study the stock market. The specific operation is:

First, divide a sum of money into two halves, and half will be used to buy stocks. If the stock goes up by 25%, the 25% profit will be settled immediately and turned into cash. Conversely, if the share price falls by 20%, the other half will be used to buy shares with the same market value of 20%. Stick to this and buy and sell strictly according to this procedure. After long-term practice, this method is better than holding stocks.

For example, there is 200,000 principal, leaving 6.5438+million cash, and then using the remaining 6.5438+million to buy 6.5438+million shares of a stock, the current price is 654.38+ 00 yuan. If the stock price rises to 654.38+02.50 yuan, that is, it has earned 25% profit, and it will sell 2000 shares immediately, that is, it will sell 2000 shares immediately. After that, the stock price fell to l0 yuan, which means a loss of 20,000 yuan. At this time, it should buy 2000 shares in cash, that is, increase its holdings by 2000 yuan. At this time, the stock is 654.38+0,000 shares (current price is 654.38+0,000 yuan), and the cash is 654.38+0, 500 yuan.

If you buy a stock and hold it all the way, after the rise and fall, the stock will be 654.38+00,000 shares (current price is 654.38+00 yuan), and the cash will still be 654.38+00 million yuan. Up and down, took the elevator once, and got nothing. And if you use the program trading plan, your capital will grow bigger and bigger.

The following lists the operating points of the program trading plan:

(1) The key to making money lies in whether this program trading plan can be strictly implemented for a long time. If we persist for a long time, we can avoid chasing up and down, reduce risks and increase profits.

(2) The initial ratio of cash to stock is 1: 1, but gradually the ratio of cash will become larger and larger. After one year, the ratio of 1: 1 can be re-established to make the capital increase faster.

(3) In the above example, if it rises by 25%, it will be sold, and if it falls by 20%, it will be bought. In actual combat, investors can determine their own fluctuation range, such as selling when it rises by 20% and buying when it falls by 15%.

(4) Using this plan, you'd better buy some blue chips.

(5) It can be adjusted to 60% for stocks and 40% for cash, and so on.

Four, JakeBernstein's three kinds of turn signals:

1, JakeBernstein's turn signal: If today's lowest price is lower than the previous day's lowest price, but the closing price is higher than the previous day's closing price, it constitutes an ordinary upward turn signal. If today's highest price is higher than the previous day's highest price, but the closing price is lower than the previous day's closing price, it constitutes an ordinary downward turn signal.

There are two kinds of special turn signals: if the highest price of the day is higher than the highest price of the previous day, the lowest price is lower than the lowest price of the previous day, and the closing price is higher than the closing price of the previous day, it constitutes a special turn signal; Conversely, if the highest price of the day is lower than the highest price of the previous day, the lowest price is higher than the lowest price of the previous day, and the closing price is lower than the closing price of the previous day, it constitutes a special turn signal.

Compared with the above kinds of turn signals, special turn signals are more important, and special turn signals often appear at the moment of trend change. When the turn signal is within a proper "time window" and has a large amount of coordination, it constitutes an important trading tips.

Generally speaking, it is easier to find the upward turning signal in the "window of time" at the low point of the cycle. In the "time window" at the high point of the cycle, it is easier to find the upward turning signal.

2.JakeBernstein's high closing price and low closing price trading signals:

First of all, explain the definition of closing price. For example:1June 25th, 998, the Shenzhen Stock Exchange Index reached a maximum of 3,989 points and a minimum of 3,922 points, with a daily fluctuation range of 67 points, with 10% as the dividing line. If the closing price of the next day is above 3989-67_ 10%, that is, 3982 points, it is called high-priced closing; If the closing price is lower than 3922+67_ 10%, that is, 3929 points, it is called low price closing.

The following are the trading rules: if the market closes at a high price on the first day and closes at a low price on the second day, it constitutes a closing signal (HLC for short), which is a selling signal. On the contrary, if the market closes at a low price on the first day and closes at a high price on the second day, it constitutes a low-price to high-price closing signal (LHC for short), which is a buying signal.

In the time window of the high cycle, only the HLC sell signal is concerned, and in the "time window" of the low cycle, only the LHC buy signal is considered.

If the turning signal and the high and low closing signals appear at the same time, it is a strong buying and selling signal.

3.JakeBernstein's signal of three highs and three lows. Take the daily chart as an example. If today's closing price is higher than the highest closing price of the previous three trading days, it will form a three-high signal, which is a buy signal; If today's closing price is lower than the lowest closing price of the previous three trading days, it will form a three-low signal, which is a selling signal.

Three-high signal is used in the "time window" of the low period, and three-low signal is used to match the "time window" signal of the high period. The signals of three highs and three lows have nothing to do with the chart form, but only depend on the closing price in the last four days.

If the above three Bernstein signals appear at the same time, the accuracy is extremely high.

5. Pyramid trading system.

When the stock you buy continues to rise, in order to get more profits, you can adopt the "pyramid buying method", that is, "the more you buy, the less you buy, the more you add." For example, the current price of a stock, 10 yuan buys 100 lots, rises to 12 yuan buys 50 lots, and rises to 15 yuan buys 20 lots. Because I am afraid of the risks brought by chasing up and want to "cover everything", I can only go high and buy less.

The "inverted pyramid sales method" is adopted in sales. For example, stocks rose to 20 yuan and sold 2,000 shares, then 22 yuan sold 5,000 shares, and then 25 yuan sold 1000 shares. For fear of selling too early, the higher the price rises, the greater the risk of peaking. The higher the price goes up, the more you sell.

The disadvantage of this trading system is that after chasing up at a high level, the market price does not rise but falls, and all the profits from buying at a low level disappear, while all those bought at a high level are quilted, which is very dangerous.

6. Average price purchase method.

The first condition for applying this method is to divide the capital into many shares. I was trapped when I bought it. If you fall, buy more, so that the average investment cost in your hands is low. When the stock price rises, you don't have to wait for the price you bought for the first time to make a profit. This method is more suitable for long-term investment.

The disadvantage of this method is that it may fall more and more, so that all the funds are trapped and there will never be a chance to turn over.

Seven golden principles of fund management

Many people think that finding a good starting point is the key to success. In fact, this is only a small part of a successful transaction. The most important part of a successful transaction is to use the correct means of fund management. Whether it is stocks, futures or foreign exchange, successful traders always list the correct fund management method as the only way to make money.

1. Any order must have a stop loss.

Minimizing losses is the fundamental guarantee of long-term profit. So in order to minimize your losses, any order must have a stop loss.

2. The risk/profit ratio should be at least 1: 3.

When you want to place an order, you must think clearly about the possibility of profit and loss. Assuming that the profit margin is 3,000 yuan and the loss margin is only 1000 yuan, then the risk/profit ratio is 1: 3, which is worth a try.

Don't overload your account.

Because futures trading can enlarge the amount of capital control, the usual ratio is 10: 1. It means that 1000 yuan can be controlled. Then this function of capital amplification is like a double-edged sword, and high returns are accompanied by great risks. Therefore, prudent investors usually control the maximum loss at a time within 30%, and the profit will be relatively stable and long-term. So our goal should be to be a good investor, not a speculator.

Accept the failure and turn your attention to the next transaction as soon as possible.

No one in this world can guarantee that every transaction is profitable, so when you lose money on one transaction, forget it as soon as possible and turn your attention to the next one. Otherwise, you will lose more and more.

5. Set realistic vitality goals.

Don't involve feelings and money. Simply treat every order as a business transaction, and don't involve feelings. If there is a loss, learn to accept it and look forward. Learning how to accept failure is more important than success. This is similar to an old saying of China that failure is the mother of success. Without emotional factors, it is difficult to get used to trading according to trading principles at first, but you must get used to it, because it is the only way to make money.

6. When your transaction is profitable, protect the profits you have won.

Protecting your profits is another important factor for you to obtain stable long-term profits. When you are in a profitable position, it is very important to raise your stop loss point accordingly. In this way, although you want to hold this warehouse for a longer time and get more profits, at least your minimum profit is guaranteed.

7. The transaction scale is controlled within the range of losses you can bear.

Although we all know that it is foolish to trade more than we can bear, this stupidity is still very common among us traders. The purpose of our futures trading is to improve the quality of life, so don't use money that should not be used, such as monthly living expenses and pension savings, and don't borrow money for futures trading. Because if you do this, your mentality is the same as that of ordinary gamblers, and the final result is usually a terrible loss.

Band moving average strategy

One. Stock selection:

First of all, the selected stock price must stand on the weekly line of 2 1;

Secondly, its price must have been on the weekly line 21for four consecutive weeks;

Third, the trend of 2 1 weekly line is an elbow upward;

Finally, make a comprehensive judgment based on the fundamentals and indicators (such as ratio, deviation rate and MACD) of the stock.

Note: The selected stock must meet at least the first three conditions before it can be selected. Otherwise, resolutely eliminate!

Two. Selection of purchase point (purchase price):

The selected stocks usually have a low price in the fifth or sixth week after they first stood on the weekly line 2 1.

However, this low point must meet three requirements before considering buying.

1. The low price should stand not only on the weekly line 2 1 but also on the daily line 21;

The trend of 2.2 1 weekly line and 2 1 daily line should be upward.

Calculation formula of purchase point:

A when the funds are sufficient and the risk tolerance is strong (more than 3 million yuan):

The maximum range of buying point is not higher than 2 1 weekly price _ 1.03.

B. When cautious and conservative (less than 3 million yuan):

The best buying range is 2 1 weekly price +0.05 to 0. 1 1 yuan.

Three. Operation:

Band operation method can be used in operation.

If the 55th weekly line of the selected stock shows a downward trend, and there are buying points on the 2 1 weekly and daily lines, if the stock price touches and exceeds the 55th weekly line, it is the time for band shipment.

In case of major positive news, when the stock price jumps to or exceeds the 55-week line, it is the best time to ship.

Selling point: the stock price fell below the 2 1 line for two consecutive days, and the elbow of the 2 1 line was down, and it was sold at the opening price on the third day.

Add positions and buy points: in the upward trend, if the stock price drops rapidly or falls below the 2 1 line, and the 2 1 line is still in the upward trend, this is the best time to add positions, and the stop loss is set to.

Appeal to selling points; Adding positions and buying points have the greatest effect when they appear for the first time, and the effect of subsequent appearances will gradually decrease, so it is not recommended after the third time.

Four. Characteristics of bull stocks:

When the weekly line 2 1 is upward and the weekly line 55 is also flat upward, we will resolutely purchase a large number of goods. For example, when the weekly line 2 1 shows a downward turning trend, it is an opportunity to resolutely clear the warehouse and ship.

It can be classified as not listening, not watching and not doing. If it rebounds to weekly line 2 1 in the future, it is time to clear the position and lighten the position.