Wang Xiangyang then entered Shenzhen Stock Exchange and started the mid-term trading of commodity futures. Just entering the market, he found that commodity futures are different from treasury bonds futures, which rise and fall unilaterally, and the market is difficult to grasp. Inevitably, he broke the position in mung bean futures trading, leaving only 1 000 yuan. Wang Xiangyang said: "I was depressed at that time, but the experience of a friend around me, Gu Gu, gave me confidence."
Wang Xiangyang said: "I remember clearly that coffee was pulled from the bottom, and there was a daily limit. The next day, my friend Gu decisively bought it in Man Cang, but I dared not. Unexpectedly, the daily limit of coffee 10 was more than 0, and the old customer's funds were transferred to 1.2 million yuan. After that, the daily limit of coffee was opened. The old consultant asked me,' The volume is so large today, but the price has stopped rising. Really? I immediately said,' How dare you short it when it has risen so well? However, Gu Gu backhand was short, and a miracle happened. After more than a dozen daily limit of coffee, Gu Gu's funds suddenly turned to 654.38+0.5 million yuan. In fact, Lao Gu is summing up and thinking about market news every day, not just doing more short positions, but I couldn't keep up with his ideas at that time. "Gu's example gave a great touch. On the one hand, he felt that the futures market was profitable; on the other hand, he began to think about what he would do.
From 1994 to 1997, Wang Xiangyang has been exploring his own methods, but the results have been unsatisfactory. His funds are hovering between 1000 and 10000 yuan. 1997, his friend brought Wang Xiangyang a book, Crowe on Investment Strategy written by American futures master Stanley kroll. Wang Xiangyang said: "This book taught me what is real futures and what is trend trading."
"In fact, futures trend investment is similar to stocks, but the time is shorter than stocks." Wang Xiangyang said, "So I started to try trend trading, and the effect was very good. Sometimes only one order is made in a month, but the frequency of mistakes is much reduced. " In 2002, the whole commodity bull market started, and Wang Xiangyang saw this opportunity and played a prominent role in the rise of rubber futures.
Unlike ordinary futures investors, Wang Xiangyang will enter a heavy position when he sees it, and then overweight. Wang Xiangyang pointed out: "The amount of funds is very small. At first, only attack can win, so sometimes my position is heavier. Of course, what I mean by Man Cang and Chongcang here is different from what everyone understands. Man Cang's capital utilization rate is very high, instead of all the money in the whole bank account entering the market. I also have financial control. Every time my profit doubles, I will withdraw some funds and transfer them back to the bank, leaving room outside the futures account. "
In addition to the trend trading of heavy positions, floating surplus plus positions is also a common operation method in Wang Xiangyang. After the breakthrough, he will add positions smoothly. Wang Xiangyang believes that if the future trend is expected to be more profitable, it can increase its holdings, but it should be noted that this fund must be profitable as soon as possible. If the fund is in a loss state before the market closes on the same day, it must be disposed of immediately.