Futures is a place to cultivate human nature.
No matter how high the level of technical analysis is, it is inevitable that the sewer will capsize. Controlling the position and stopping the loss in time will insure your every operation, so that you won't bring disaster to your account because of occasional mistakes.
Starting from 20 12, Xia Bo won prizes in succession. From unfamiliar to familiar, he has a lot of feelings about the contest: it is a good platform for learning and communicating with experts, and many asset management institutions can also explore and select needed players.
"I have known about this competition for a long time, and I have only started to participate frequently in recent years. I am here to compete with many masters and show my value. " Xia Bo said that trading your plan and planning your transaction is a cliche, but it is not easy to do. He is always on the way to overcome human weakness.
Xia Bo's performance in this competition is not very outstanding, with cumulative net worth 1.37 and comprehensive score ranking 47th in the fund group. However, through the accumulation of good results in previous competitions, it won the sixth place in the long-term stable profit award, a special ten-year award added in this year's competition.
Avoid impatience and recklessness.
Xia Bo's trading career began in 2000. It was a big bull market, and he started trading. As a result, he caught up with the bear market as soon as he entered the market, chasing up and down all day and losing money for several years.
Looking back now, these experiences are a valuable asset, which gives him experience and keeps him alert to the market at all times.
In his view, the greatest charm of futures lies in the unparalleled sense of accomplishment when you know that you can predict the market. "Life is wonderful because of you, and I believe many people who succeed in this market will feel this way." He said that since entering this market 13 years ago, the biggest gain is the change of material life, and secondly, the trading process has helped him overcome some weaknesses in his personality. When I first entered the market, I often chased up and down. In order to improve the utilization rate of funds, he was unwilling to give up an opportunity, but the result was not ideal. With the increase of trading experience, his impetuous character has gradually matured, the screening of trading opportunities has become more harsh, and the trading results have become more ideal. "Of course, this process is still in continuous operation, and I think it will always be the current runtime."
In recent years, some traders will take radical operation methods in the short term in order to obtain high profits, and will achieve better results when they meet the market that suits their own operation style. In the long run, Xia Bo believes that there are still great risks.
He said that a flash in the pan was meaningless. Some experts may just be meteors in the market, but they hope to survive for a long time. Participating in firm competition is also a kind of persistence. "This is a very good platform."
He is not satisfied with the result of this competition, mainly because he thinks there is still room for improvement. This year, the performance of Black Variety is the most eye-catching, but he has gained Liao Liao in this variety. "The main reason is that he continued the bear market thinking since 20 1 1 and did not make changes in time according to the changes in the disk."
For the "leaping" rebound of black varieties this year, many people subjectively did not expect it, so they missed a better opportunity. Fortunately, he is still able to adhere to principles, follow the rules and have rich experience.
However, he was not satisfied with his short-term trading during the competition. "At the critical moment, I will still have an impatient and aggressive attitude, and I will continue to move forward on the road to overcoming human weaknesses."
Most value the medium-term trend.
In futures trading, Xia Bo thinks that technical analysis is the basic skill. If this piece fails, it will be impossible to make a correct judgment and choice on the evolution of the market outlook. Secondly, it is necessary to strengthen fund management, reasonably control positions and stop losses in time.
As the saying goes, you can't wet your shoes when you walk by the river. Of course, no matter how high the level of technical analysis is, capsizing in the gutter is inevitable. "Controlling the position and stopping the loss in time will give you insurance for every operation, and will not bring disaster to your account because of occasional mistakes." He said.
He mainly does trend trading in his daily life, and generally speaking, he will not open positions easily. When he thinks that the shape recognition is high, the grasp is great, and the time is ripe, he will intervene in a big way and judge that the trend operation force is exhausted, and he will take profit or break through the key price.
In this competition, his strategy and style are basically the same as usual, but the difference in judgment on the market level of various varieties has caused his performance to fluctuate.
"Sometimes I can't restrain the impulse of short-term trading because of intraday fluctuations, but the result often ends in a loss. Fortunately, this time is not too much. " As a trend player, what he values most in trading is the medium-term trend. As long as the position direction is good, plus reasonable position control, there will always be more or less gains in the end.
As for the choice of varieties, he mainly makes varieties that he is familiar with and conform to his trading characteristics. Generally, he holds no more than three varieties, and most of the time he waits and sees or holds positions. In terms of entry and exit, he generally likes to intervene in the breakthrough form or the finishing form after the breakthrough, rarely adding positions in the middle, and withdrawing from multiple (empty) orders when the low (high) point reverses in the near future.
In this competition, most of his orders are held for three weeks to three months, and a few orders are held within one week. Most of these short-term orders are loss-making orders. "Compared with other sellers, I don't like tossing, and the transaction frequency should be low, which is also in line with my personality characteristics."
The transaction that impressed him happened at the end of August. At that time, when sugar rushed to the previous high point, it not only failed to make a profit in time, but also added more orders. With the fall of sugar prices, his fund account was also withdrawn.
Summarizing this transaction, he thinks it is still a problem of position control, and the overweight position has caused financial pressure. This list, which could have made a lot of money, finally failed to hold. At the end of September, the price of sugar hit a new high in four years, and he participated in many orders. The performance of sugar in the later period is booming, and this transaction has become the most impressive one in this competition.
Rational choice of trading opportunities
Not winning more than 70% and not entering the market is a strategy he has always adhered to. After entering the market, he set a reasonable stop loss point to reduce the loss of principal when the reverse fluctuation of the market exceeds the limit. When the transaction is not smooth, he will temporarily stop, have a rest, reflect on the recent operation, and let the account have a process of regaining power.
How to deal with the loss sheet is a problem that many investors are very concerned about. When entering the site, the list he is not sure about is generally less than 5%, and the list he is more sure about will be enlarged to 10%- 15%. "If I lose money for several days in a row, it means that my judgment may be problematic. Generally speaking, I will choose to withdraw from the current transaction and reduce the transaction frequency appropriately. " He said.
For the stock index futures that are being restricted, his judgment is that they are still in the bear market stage, the volatility is gradually decreasing, and they are in the rest stage. For a long time to come, he thinks that the money-making effect of stock index will be less than that of commodity market. Before the restrictions are lifted, investors should shift their attention and pay more attention to the commodity market.
Sharpening a knife is not a mistake for a woodcutter. This is his advice to many new investors. "Everyone who enters or prepares to enter the futures market must sharpen his weapons first. Then, run a reasonable fund management to ensure that in the case of misjudgment, it will not cause too much loss to the account, followed by waiting for opportunities and holding positions patiently. "
Looking back on his trading experience for many years, he has a deep feeling about the futures market-futures is a place to cultivate human nature, and the weaknesses of human nature are exposed in this market, and greed, fear, stubbornness, impulsiveness and doubt will all be "punished" in this market. Similarly, when these weaknesses are constantly overcome, they will also reap the joy and pride after "reaching the top".