Unlike Nassim's emphasis on the fundamental research of agricultural products, Ma Yumin's four varieties span agricultural products, energy and chemical industry. At the awarding ceremony of the second futures competition in Hexun.com, Ma Yumin accepted an exclusive interview with He Xun Futures and introduced his own ideas and methods of futures trading.
Quasi-programmed transaction logic
Including the four varieties that won the championship, there are as many as 2 1 variety in the entry account nicknamed "Old Horse" in this competition. Ma Yumin himself revealed that in fact, he will configure more than a dozen varieties at the same time every day. "Unless it is a variety with less liquidity, I will generally participate."
Trading more than ten varieties at the same time is obviously unrealistic for Ma Yumin, who sees all the transactions by himself. Ma Yumin said that he never looked at the fundamentals, only looked at the technical aspects and made trend trading. For him, "whether it is copper, rubber or soybean, it is just a code."
Ma Yumin defined his trading style as "quasi-procedural". Like standard programmed trading, he will formulate a series of rules for opening and closing positions, and once the signal appears, he will run the corresponding operation as soon as possible; But unlike programmatic trading, all these operations are done manually by Ma Yumin himself.
If there is an extremely unfavorable situation, what should most of the configured varieties lose money at the same time?
Ma Yumin said that when this happens, it is his busiest time. "I want to close my positions one by one." "I can accept the reduction of the profit list, but if it is a loss list, I will definitely dispose of it as soon as possible." Lack of execution and manual operation often interfere with program judgment are common mistakes made by many people when running programmed transactions, and in this regard, Ma Yumin's "manual programming" is very good.
Will it be too busy to finish the work of the original computer by hand? Ma Yumin thinks not.
Medium and long-term trend trading operation pressure is not great.
Ma Yumin usually looks at the weekly and daily lines, and the frequency of placing orders is not very high. "The longest list has been placed for a year and a half, and it has moved twice in the middle, and it has never been flat." In terms of opening positions, Ma Yumin tends to open positions in further contracts after judging the trend and choosing good varieties, but the reason is not because he likes to do non-main contracts, but because "choosing further contracts can reduce the trouble of moving positions as much as possible". Take copper for example. If it is decided that the main copper contract is 150 1, Ma Yumin will choose 1505 to open the position. If it weren't for liquidity, he would even be more willing to do the 1508 contract.
Of course, there will be cases of opening positions on the same day. If you touch the preset liquidation conditions, you must decisively close the position.
Talking about the market that has left the deepest impression on him this year, Ma Yumin replied without hesitation: "Copper". In fact, he seized the beginning of this year's Shanghai copper roller coaster market. "I am an empty position of 5 1 000. It fell by 46,000 and rose to 50,000 before it was even, only earning 1000 points. "
Multi-variety allocation disperses risks
For Ma Yumin, there is no concept of heavy warehouse and light warehouse. "Follow the rules and trade according to' procedures'". Because he is mainly engaged in stock trading, the proportion of futures funds in the total scale is actually not large, so he can ensure a good attitude and will not be too nervous when the market fluctuates.
Ma Yumin, the fund in the futures, will be relatively evenly distributed among more than ten varieties according to the plan prepared in advance. "Maybe there will be a little more copper because the profit margin is higher; Maybe there will be more rebar, because the liquidity is sufficient and it is convenient to enter and exit "; In addition, according to his judgment, when there is a trend in individual varieties, he can add positions appropriately, but there will never be a situation in which the position of a single variety exceeds a large proportion. "Generally there will be more than 15%."
In fact, Ma Yumin did not pay special attention to the four varieties that won the championship in this year's futures competition, just because the trend of these four varieties this year is obvious, "Go incisively and vividly, there is no tangled market."
Looking forward to the future, Ma Yumin said that he would continue to adhere to the existing operating model, which he believed was "effective at least in the current market". Through the decentralized allocation of multiple varieties, the unsystematic risks encountered in transactions can be effectively dispersed.