Wang Bin began to participate in futures trading in 2007. With Superman's profit model and stable income in stock index futures, he has already become a well-known trader in the industry, and his operating philosophy and ideas have been recognized by the market.
Different from previous years, this year he appeared in the competition list as a trader of Chuangyuan futures asset management product "Duwo Jiaze 1". This return is more like a brand-new beginning for him: beautiful curve, as always, the maximum retracement of 1.4% and the cumulative net value of 3.65 are particularly eye-catching. In the end, it won the third place in the Asset Management Award, and the right reorganization was 1 1.
From individual trader to fund manager, from self-owned funds to managed funds, this role transformation is a leap. "In the course of the competition, in order to achieve the most stable income for customers, I adjusted my positioning and operation mode. This is my asset management philosophy. " As the investment director of Shanghai Duwo Investment Management Co., Ltd., Wang Bin said that the next asset management product should involve the stock market, and asset management should also operate in a diversified "big market" with carrying capacity, so that customers' funds can be fully and effectively allocated.
Market sentiment is often the "wind vane" of trading.
Speaking of Wang Bin, I have to mention stocks, because his trading started with stocks. Before the financial crisis in 2008, the A-share bull market was in full swing. The starting time of this round of market is roughly in 2005. At that time, he entered the stock market and successfully captured a stock that had turned 10 times.
Such a proud record shows his courage and ability to operate stocks and lays a good foundation for doing stocks in the future. Later, although he successfully escaped from the top of this bull market, in the bear market after the crisis broke out, he fell on the road of bargain-hunting due to lack of experience. "Including this wave, many veterans like to bargain-hunting, and novices have no experience. In fact, it is not so easy to want to bottom out. "
After several months of A-share decline, I participated in the hot warrant trading in the market. On September 19, 2008, the market suddenly rose strongly after falling deeply. On the same day, he decisively bought the call warrant, and it was in the case that this variety had risen by 10%. In the end, the warrants rose by 20% that day and opened higher by more than 30% the next day. Wang Bin's trading career ushered in an explosive moment.
The success of a transaction is sometimes inseparable from good luck. However, behind the luck, we need strength to pave the way. From stock selection to warrant trading, Wang Bin showed his courage and vision in speculation. In the "turning over" of warrants, even if a variety has gone up by 10%, he can still hide from the market, which also shows a trader's accurate judgment and good mentality.
"Emotion is the weather vane of the market. When the market falls to the most panic, it is often the best buying point. When it is extremely excited, it is often a selling point. " Wang Bin said that the market is changeable and there is no absolutely accurate forecast. Even speculators have to face the market that is updated every day, and the market psychology will change. "In daily trading, I will take market sentiment as an important indicator, and constantly adjust my trading mentality and operation direction, and I will always gain something."
Obviously, these extraordinary experiences and persistent thinking about the market for many years have formed his unique trading concept and trading model.
Create a perfect income curve
Day trading, whether at home or abroad, can be called a minority, but its fast and stable profit is also recognized by the market. After Wang Bin came into contact with the futures market, after several explorations, it finally formed a day trading style, and after the futures index was listed, it was taken as the main trading variety.
Before the strict control this year, the capacity of the futures index has been relatively large, and the hot market has also attracted more funds. Most of these new funds come from the stock market and commodity market, and they are not very familiar with the properties of futures index. In this round of market, the new funds did not get cheap, but became "stupid funds", which were swallowed up by experienced and powerful experts lurking in the futures index.
In the third quarter of this year, the sudden turn of the futures index was shocking, and intraday operation showed its unique advantages. The account managed by Wang Bin has not suffered any obvious loss or withdrawal due to the change of direction, and its achievements are enough to make people envy and admire.
"When the market is hot, the capital inflow is very large, the trend is very stable, and there are many opportunities for profit in the day." Wang Bin said that this time, we can achieve good results. On the one hand, it is inseparable from the cooperation of the market. On the other hand, it is more important to control positions and reduce retracement in operation. "Make the capital curve look smooth and stable, and customers will feel more comfortable."
When the futures market fluctuates greatly, Wang Bin always enters the market with 40 or 50 lots, but under normal circumstances, due to the lack of liquidity, his trading volume is in the tens or twenties. In the process of competition, he deliberately reduced the volume of each transaction, and at the same time ensured a stable profit with the strength accumulated over the years.
According to him, I didn't have particularly strict control over positions before. According to the market conditions and liquidity of funds, I will enter the market as much as possible, and I won't care too much about retreating in the process. However, after contacting asset management products, I found that there is a difference between managing product funds and my own funds, and other people's funds should be paid more attention.
He also has his own unique views on the short-term, band and long-term discussed in the market: players only have fundamental and technical schools, and whether they are long-term, middle-line or short-term, they should belong to these two schools, and sometimes they can be used in combination.
Asset management needs to unite multiple markets.
This period refers to strict control and intraday trading is curbed. The account managed by Wang Bin is a futures account, and there is no way to transfer to the stock market, so we just observe the opportunities on commodities. He has also run some operations recently, but overall, the amount of funds for operations is limited.
In order to continuously improve the ability of fund management and really make the transaction bigger, he believes that it is still necessary to take the road of issuing products. And when he really operates the product, he has a very obvious feeling that he must not be confined to the futures market in the future.
After the futures index was limited, he put more energy into commodity futures, but found that it was difficult for commodities to have big opportunities, because commodity prices were already at a low level and there was no reason to rise. So he only aimed at band opportunities and participated in a small amount.
Of course, he will also run cross-species and cross-market arbitrage of futures index now, but due to the restriction of intraday trading 10 lots of three major futures index varieties, only a small amount of funds can participate. Moreover, because the current market is at a discount for a long time, there are relatively few opportunities for operation. However, even in such a difficult environment, the "Duwo II" hedging product he is now managing has achieved stable profits.
"The so-called asset management should operate in a large and comprehensive financial market, and every part of the funds should be allocated. With the increase in the amount of management funds, it will inevitably embark on this path. " Wang Bin said that this is also his original intention and goal of asset management.
"Combining the capital market, making an asset management plan within a large framework and looking at the changes in the market from a macro perspective can better ensure the stability and long-term benefits of products." At the end of the interview, Wang Bin felt something.