During the period of 1998, a billionaire in Jiangsu Province, China suffered heavy losses in the futures market and was on the verge of extinction.
However, five months later, the rich man miraculously "resurrected" under the guidance of a senior staff member. Not only did you come back with a loss of 30 million, but you also earned 50 million!
In just five months, I won 80 million yuan. How was this myth created? Who is the "high god" who resurrects billionaires?
In order to trace the source, the reporter visited Jiangsu Intermediate Futures Co., Ltd. many times and interviewed Mr. Ji Ming, a futures genius and manager of institutional investment department, who was called "Eagle".
A very important reason for the failure of many investors is that they only see the opportunity to make money, but do not choose the market.
1997, in order to be closer to international fund management and professional financial management, the company asked Ji Ming to take charge of the fund pilot project in Nanjing headquarters.
At that time, there were many varieties of futures trading, such as Tianjin adzuki bean and Hainan coffee, which fluctuated greatly and were manipulated by many institutions. Although there are many opportunities, he still excludes such varieties from his vision. Because of the poor analyzability of these varieties, it is accidental to make money, but the loss is inevitable.
According to the principle of safety first, he chose Dalian soybean, Shanghai copper industry and Hainan rubber as the main observation objects, and these active large varieties themselves provided enough investment opportunities. This is an important factor for Ji Ming's continued success in fund investment. An important reason for the failure of many investors is that they usually only see the opportunity to make money, but do not choose the market, and often lose control of risks and the basis of analysis is unstable.
After Ji Ming selected the varieties, he then made a strategic evaluation of the varieties he cared about. That is, at what stage of development is the current trend: is it accumulating energy? Or is it at the end of the trend energy release? Still building the top and bottom and so on. He thinks this is quite important work. Because it determines the next operation plan and strategy. Only by making forward-looking predictions can we be targeted. The central task of evaluating the market is to capture a wave of market with strategic investment significance in advance, rather than short-term market with local significance.
As for the capture of locked trading varieties and trading opportunities, Ji Ming tends to wait until the fundamental trend of commodities and the technical aspects of prices are unified. This is in line with the operational purpose of winning every battle. He believes that the essence of Sun Tzu's art of war lies in the idea of total victory, and so does futures trading.
Ji Ming said that the inherent requirements of fundamentals determine the direction of trading. However, the strategy and timing of entry and exit are more technical. According to his general policy: "macro-homeopathy, micro-contrarian", once the strategic direction is determined, it will enter the market in the seemingly most dangerous place, which is actually the safest place. Because safety and danger are relative and can be converted.