Wfy, a trader in haitong futures's long-term performance appraisal platform, also believes that it is not easy for most traders to obtain stable returns in the capital market, and only through patient and strictly controlled venture capital can they obtain high returns. This trader is more like a crocodile in the market-the number of transactions per year is very small, and wfy has about 6 transactions per year, and it takes a long time to hit. Since 20 1 1 joined the performance appraisal platform, wfy has been in a rest state without holding positions or trading for a quarter of the time. Once traded, it can maintain a high profit-loss ratio, especially since 20 14, its cumulative profit-loss ratio has reached 16.3, and the yield has reached 200%.
Unlike most traders who analyze fundamentals or technologies, wfy holds its own unique long-term investment based on value and group behavior analysis. His biggest profit this year comes from accurately grasping this round of rising prices of stock index futures. At the beginning of 20 14, based on his own analysis and judgment, he thought that there were many obvious distortions in the stock index market, which had been going on for some time, so he stopped bearish on the stock index from the beginning of last year. Later, after the mass behavior was ignited in June 5438+065438+ 10, the stock index market quickly rose and this round of big market appeared.
Wfy has been buying ETF funds of Shanghai and Shenzhen 300 Index since the beginning of 20 14, and made a certain proportion of stock index futures in the second half of the year, especially in the fourth quarter, using futures leverage to increase exposure. He said that his long position can be maintained for a period of time, and he will consider reducing his exposure when there are particularly large fluctuations. In his view, there will be relatively large fluctuations or even a sharp correction in the stock index market outlook, and the rate of increase will slow down.
Wfy focuses on long-term trading, and the trading cycle is generally more than 3 months. If he is sure of the market and finds a better investment target, he will wait patiently for the low point to appear, then gradually buy it, and then hold it for 2-3 years or even longer by changing positions. This trading style stems from his concern for relevant information such as value and group behavior, and then seeks trading opportunities. His trading varieties are relatively fixed. He believes that investment opportunities can only be seen in a few varieties, and even for a long time, all varieties have no particularly attractive investment opportunities. He said that individual investors, even small hedge funds, should choose varieties and look for the best trading opportunities.
In terms of risk management, wfy also has its own unique insights. He said: "The basic idea of risk management is to admit that the market is uncertain and even extreme in the short and medium term, and the results of research and analysis may be wrong." According to wfy, his own single transaction generally has no stop loss. Unless there is an error in logical judgment, a loss means a better price for adding positions. When the opportunity comes, he usually uses the method of opening positions in batches, and the leverage ratio generally used is not high.
The long-term investment method based on the characteristics of value and group behavior gives wfy an excellent mentality. He said that regardless of the size of the funds, the effectiveness of its trading strategy will not be greatly affected. Futures trading is a very common activity, so we must respect the uncertainty of the market and treat it with a normal heart.