Wang Qing:

Born in Wuhan, Hubei Province, after 1995, he graduated from high school and directly entered the futures industry to engage in trading. He completed the first "1 million" accumulation in just over one year. Wang Qing, the programmed ranking of Qihe. com, worked as an account manager of the post-1995 futures. From June 214 to August 215, the return rate in 14 months was 867.7%. In 214, China Eastern Airlines Futures won the gold medal in the 6th "Blue Ocean Secret Sword" hedge fund managers' open competition, becoming the youngest "major" in the competition.

Wonderful quotes from the interview:

I think we should read about the rules of the game, and we should explore the trading methods ourselves to find the trading rules that can stabilize profits.

as long as we can stick to our model of stable profit, the first one million yuan is just around the corner.

I think the advantage of the post-9s players is that they are young, their thinking is not fixed, they are brave in innovation, and they can quickly adapt to the changes in the market. The disadvantage is that because of youth, there will be a little lack of experience.

There are many good ways to make money in the market, but I think everyone still needs to find the one that suits them best.

I think that since we have decided on a fixed trading model, we should execute it perfectly, open the position when the signal comes, don't miss it when the signal comes, and have confidence in our model. There is no need to worry if there is no signal, and there is no need to find opportunities to enter the warehouse when there is no chance.

My model captures the market, and the market belongs to my model, so I won't miss this opportunity.

I don't feel any pressure to wait and see. I believe my model won't let me miss my market.

because in a sector, most of the time, the trend is similar, and the risks are the same. It is better to do a good job of TA.

for small funds, single-variety investment can better grasp the rhythm of the market and will not distract funds and energy.

because only the market that conforms to my model and strategy will make me profitable, and the market that makes my model "fail" will make me lose money.

this market is water, and traders are boats, so we just need to follow the trend, not the market follows my prediction, but my model follows the market.

I don't think it's terrible to retreat. I don't know what caused it.

Ignorance, recklessness and heavy positions, without a clear trading method, are high risks.

risk control is not as simple as some people say "just controlling the position is ok", and there must be a trading model with high "winning rate of trading" and "closing profit-loss ratio".

I think objective trading is a trading system based on the idea that "no matter how disorderly this market changes, it actually has its inherent laws".

I don't look at the fundamental news. Generally, most of the news that has fallen into the hands of traders has been weeks or even a month ago, and it is still difficult to tell whether it is true or not. However, all real news changes will eventually evolve into prices and be honestly displayed on the K-line chart, which is simple, intuitive and most convenient.

It is true that the programmed trading model is unchangeable, but it cannot be changed at will.

the key factor for stable profit is that I only do my own market and stick to it.

Every trader in the market has a market that suits him. The trading methods used are all based on probability and have their limitations. There is no trading mode that can grasp the market forever.

Successful trading is actually a combination of a perfect trading system and a good personal character.

I think the best way to learn is to make a firm offer, so that you will have a deeper understanding and gain, which you can't feel by doing simulation.

this market will always be a market where a few people make money and most people lose money, which is the foundation for the healthy development of this market.

I think the best way for new traders to enter this market is to find a master who can make steady profits for several years in the national firm competition, so as to avoid detours and enter the right door faster.

Now I have participated in the 1-year firm competition of Lanhai Mijian, with the goal of participating for 1 years and making profits every year.

Qihe.com 1. Hello, Wang Qing. Thank you for accepting an exclusive interview with Qihe.com in spite of your busy schedule. You entered the futures industry directly after graduating from high school. How did you come into contact with futures at that time? What was the futures like for you at that time?

Wang Qing: It was also because of a coincidence that I came into contact with the futures industry. I have a classmate whose parents are brokers of futures companies. I was there once when I introduced the industry to other parents, so I learned about futures and got an initial understanding of the industry. At first, the understanding of futures is as risky as most people think, but there are also great opportunities. Leveraged trading of one to ten also means that the utilization rate of futures funds will be higher if you use the same funds.

Qihe. com 2. When you first came into contact with futures trading, did you learn to trade by reading books, looking for a teacher or groping for yourself, or by other means? In your opinion, which method is more suitable for new investors in this industry?

Wang Qing: Reading and exploring. I think about the rules of the game, read about it in this respect, and as for the trading method, I still have to explore it myself to find the trading rules that can stabilize profits. After all, no one will really teach the secret of making money through a book of tens of dollars or a class of several hours, which can only be said as a reference. Of course, I will encounter many difficulties in the process of groping by myself. For example, I am not very good at programming. Sometimes, in order to change the contents of the program a little, I will sit in front of the computer for hours, so now the transaction is mainly manual.

Qihe. com 3. In the capital market, the first million is usually considered as the hardest to earn. We know that you have achieved your first million in the market this year. What do you think?

Wang Qing: First of all, I feel that my efforts have paid off, and I have also proved to my family that it is ok to choose this road, so that my family can feel at ease; Secondly, I am more confident about my own programmed trading model and full of confidence in my future path. As long as we can stick to our own model of stable profit, the first 1 million yuan is just around the corner. Of course, after the funds exceed 1 million yuan, we should pay more attention to risk awareness management and overcome some impetuous and frivolous mentality.

Qihe. com 4. Just like your nickname, as a girl born after 1995, she entered the high-risk futures market before she was 2 years old. What is your family and friends' attitude towards this? Have you ever objected?

Wang Qing: My friend thinks it's very new. Everyone is busy with the college entrance examination, but I'm planning to start a business. My family must have opposed it at first. They have never been exposed to futures and are unfamiliar with this industry, but I want to give it a try. After repeated statistics and argumentation during that time, I proved to them that my choice was feasible, hoping to gain their support and understanding. Finally, after reading the model and data I showed them, my parents finally agreed and gave me a principal of 1, yuan to start. Seeing my present situation, they are also relieved and think that it is ok for their daughter to choose this path. So I am also very grateful to my parents for their support.

Qihe. com 5. Now, the post-9s players in the market are slowly emerging, but they are still very rare. As far as your experience is concerned, what are the advantages of trading after the post-9s? Where are the shortcomings?

Wang Qing: The students around me are still studying on the university campus. I have never been in contact with the post-9s generation. But I think the advantage of the post-9 s players is that they are young, and their thinking is not fixed. They are brave in innovation and can adapt to the changes in the market quickly. The disadvantage is that because of youth, there will be a little lack of experience.

Qihe.com 6. Mature traders will have their own style. Do you think you have a trading style at this stage? What is your ideal style?

Wang Qing: At this stage, I have basically formed my own style. If there is a signal, I will enter the venue, and if there is no signal, I can have a rest. At the beginning, my ideal was to do day trading, make a certain amount of money every day, quit and fight again the next day. Therefore, I have observed the operation methods of some experts in the day, and I also recognize them very much. However, I gradually found that this trading style is not suitable for me. I am more suitable for making trend-oriented long-term lists, so some methods in the day were abandoned by me. There are many good ways to make money in the market, but I think everyone still needs to find the one that suits them best.

Qihe.com 7. Many traders express that they only want to earn the money they can earn in the market, and you are no exception, but what kind of money can they earn? How to make this money?

Wang Qing: I think that since we have determined a fixed trading model, we should execute it perfectly. When the signal comes, we should open the position. Since the signal comes, we should not miss it and have confidence in our model. There is no need to worry if there is no signal, and there is no need to find opportunities to enter the warehouse when there is no chance.

Qihe. com 8. From your capital curve, we can see that you doubled your profit by grasping the downward trend of PTA for several months from the end of August 214 to the beginning of November 214, and your capital growth in April, July and August this year was achieved within a few days. Why did you change from long-term trading to short-term trading? What do you think are the advantages and disadvantages of these two ways of making profits? How to better combine short-term and medium-long-term lines?

Wang Qing: Actually, my trading style has not changed. The quick profit is due to the unilateral market. Whether it was in November last year or several times this year, it was because of the market coordination that the capital growth was realized. My model captures the market, and the market belongs to my model, so I won't miss this opportunity.

As for the medium and long-term and short-term positions, my understanding is that the medium and long-term positions hold overnight positions, while the short-term positions do not. However, they have their own advantages and shortcomings. The medium and long-term positions are suitable for large capital operation, and traders are more relaxed. There is room for opening and closing positions. The disadvantage is that if the risk control is not well mastered, it will end up losing. Short-term advantage, only earning the fluctuating price difference of the goods made on the same day, settlement on the same day, no worries, shortcomings are not suitable for large capital operation, can not compound interest to open positions. At present, the combination of short-term and medium-long-term is not considered, and the focus is mainly on the research of multi-variety combination.

Qihe. com 9. From the capital curve, your "dormant period" is relatively long. For example, from November 214 to March 215, you were in a wait-and-see state. What is the reason for this? Now you are also a full-time futures trader, so what will you do during a long period of short positions? If the above-mentioned market appears frequently, will it have a certain impact on the trading mentality?

Wang Qing: I only do my own market. If there is no signal, I will definitely have a rest. If you don't have a deal, just enjoy life, go out with your parents, go shopping with friends, or stay at home and watch cartoons and catch up with the new TV series. I don't have any pressure to wait and see empty positions. I believe my model won't let me miss my market.

Qihe. com 1. As can be seen from your position, you mainly make profits by operating PTA. Why do you choose PTA among dozens of varieties? What is the basis for you to choose other varieties?

Wang Qing: Pta has a large turnover, a very active variety, a strong trend and a long trading history, and belongs to a relatively mature variety. Now we are also considering the varieties of other sectors, such as iron ore and methanol, and the recent turnover of these varieties is also relatively large, so we have also begun to study them. Because I do trend tracking, the selected varieties are bound to be more trend-oriented. If they are in consolidation for a long time, it will definitely not conform to my model, and I will abandon such varieties.

Qihe. com 11. The obvious disadvantage of making a single product is that the product will not have a market for a period of time, and even the best strategy may "fail". Will you consider PP and PVC, which are both energy-saving commodities, when PTA has no market?

Wang Qing: No, it's enough to choose one or two chemical products, because in a sector, the trend is almost the same most of the time, and the risks are the same. It's better to do TA well. If I add more varieties, I will choose again in another section and share the risks.

Qihe. com 12. Many people don't put all their eggs in the same basket in order to pursue stabilizing selection's multi-variety combination. In your trading process, you mainly make profits through PTA. What do you think is the advantage of focusing on a single variety? Where are the shortcomings?

Wang Qing: objectively speaking, it is correct not to put eggs in one basket, but for small funds, single-variety investment can better grasp the rhythm of the market and will not distract funds and energy; However, when a single variety is consolidating, other varieties have a unilateral market, which makes me unable to enjoy the profits brought by multiple varieties, and the utilization rate of funds is not high, and most of the time is empty, which is a bit wasteful.

Qihe. com 13. Crude oil is the source of industrial chain. According to the cost driving factor, the fluctuation of crude oil price will be gradually transmitted to PTA price, thus forming a "positive change relationship" between PTA price and crude oil price, so many people will pay attention to the crude oil market when doing PTA. Will you refer to the crude oil trend?

Wang Qing: Yes, crude oil does have a "positive change" relationship with chemical commodities, but in my transaction, the profits and losses generated have no direct relationship with crude oil. Because only the market that conforms to my model and strategy will make me profitable, and the market that makes my model "fail" will make me lose money.

Qihe.com 14. PTA has been in a shock consolidation pattern since July this year, but during this period, the intraday price will also fall below the 28 low to 4,214 points. What do you think of the subsequent trend of PTA? What opportunities may arise?

Wang Qing: I never predict the market. This market is water, and traders are boats. We just need to follow the trend. It's not that the market follows my prediction, but that my model follows the market.

Qihe. com 15. How did you run the position allocation during the transaction? Will you increase and decrease positions at the right time to optimize the position allocation? From your capital curve, your net worth is always greater than 1. Will your position be relatively light when you set up the safety mat in the early stage?

Wang Qing: I usually keep my position within 5%. My model has a good set of positions. When the initial net value of the transaction is 1 or below, the positions will be relatively light. When the capital safety mat is made, it can be restored to normal positions.

Qihe. com 16. Usually, there will be a certain retreat after the capital reaches a new high. Will you be under greater pressure when your maximum retreat reaches 28%? How do you overcome and adjust to prepare for the next opportunity? What is the maximum withdrawal of your psychological expectation?

Wang Qing: There will definitely be some pressure on the equity withdrawal in the transaction, but we must calmly analyze what caused this withdrawal, whether it was a normal withdrawal caused by the failure of the mode or a blind impulse to open the position without risk control consciousness. Therefore, I don't think the withdrawal is terrible. I don't know what caused the withdrawal. The biggest retracement I expected in my mind is 3%. When the retracement reaches 3%, I will definitely stop trading, for sure.