The "spreading cake" of convertible bonds, as the name suggests, is to achieve a dispersed and persistent situation in the process of investing in convertible bonds, just like the principle of not putting eggs in the same basket is exactly the same, and the purpose is for safety reasons.
and scattered among the Cang, the strategy of holding double-low varieties is a relatively common investment method for "spreading big cakes".
Specifically, choose some convertible bonds that are not currently very high and have low premium rates to buy them in advance when they are low, and wait for their price to rise before selling them to make a profit.
So what "indicators" do you need to look at the convertible bond when choosing a pancake?
1, low price. When the face value of convertible bonds is listed, they are all 100 yuan. If forced redemption is triggered, the price will reach 130 yuan. If it exceeds 130, it will be difficult to talk about the guarantee. Then we can set a buying range price based on our own risk tolerance. For example, if it is set to be less than 120, or 115, or even 110, you make your own judgment based on your own risk tolerance. There is no standard answer that you must choose what price.
2, premium rate. Generally speaking, convertible bonds have a premium compared to valleys, so we can choose a relatively low premium rate or negative one. Assuming the premium rate is -5%, it means that holding the convertible bond is converted into a stock. The next day, opens and stocks will not fall, you can make an extra 5%.
3, yield on maturity. If the rate of return on maturity is positive, it means that the holding will be able to obtain a guaranteed return when it is maturity.
4, remaining years. The fewer remaining years you choose, the sooner the expiration, the more powerful the listed company will achieve forced redemption and transfer to the valley.
5, remaining scale. Small-scale convertible bonds are often the targets of speculation that Yuzi is keen on. Holding such convertible bonds can generally bring you the unexpected joy beyond your ideals.
6, turnover rate. If the intraday turnover rate is high, it means that some people are paying attention to this convertible bond. People who are bullish and watch intraday trading are more active.
7, those who have entered the forced redemption period must be eliminated. Convertible bonds that have entered a forced redemption period are often about to end the historical process, and the price of convertible bonds is above 130, so they need to be sold or converted into the valley as soon as possible. Because our strategy is to "spread the big cake", focusing on maintaining stability, not intraday arbitrage.
and then "spread the big cake" what other key points do you need to do?
The first is to choose a sector concept that needs to be diversified and balanced. The concept of
should be sufficiently scattered so that you can surprise yourself from time to time. If the sector concept is to be diversified, the sector concepts of all convertible bonds in the entire market must be subdivided.
For example, you have to choose one product for medical concepts, you have to choose one product for electricity concepts, and you have to choose one product for photovoltaic concepts. Then in the end, you have to choose at least about 10 to 20 varieties to be able to rotate operations on the market every day.
And these 10 to 20 varieties must represent different sector concepts. You cannot choose two identical concepts to operate, because the declines of the same concept are almost the same, so you just choose one.
The second is to choose a bond and try to focus on popular concepts.
Because there are at least dozens of sector concepts in the entire market, you don’t need to choose all of them. Just choose some popular ones at the moment. After you have determined the sector concept, we will start choosing a debt next.
generally choose convertible bonds with small silly, low premium rate, and low price. The company's fundamentals are not bad.
The meaning of Panzi is that the balance of its convertible bond is less than 300 million yuan, Yuzi prefers to pull it, and it is not tiring to pull it up. Therefore, it is recommended that you choose a relatively smaller balance. If the price of
is a lurking pancake, then it is unnecessary to choose too high. It is recommended to choose a price below 130, and the risk is relatively controllable. Try to choose the premium rate of
below 15%. Of course, if you really can't choose it, you can also slightly relax the premium rate of about 20%.The remaining balance of
is the same. If you really can't choose it, it can also be relaxed to less than 400 million yuan.
The third is to understand the management of the Cang position.
convertible bond spreading big cakes is mainly suitable for volatile markets. If you are in a bull market or a bear market, the profits you make will not be very good. It is better to directly recapture a few popular convertible bonds in a bull market. If you are lucky, you can double your returns in a few days. In a bear market, you will only buy more and lose more, because most varieties are on a downward trend. The more you buy, will you lose more? Just like the three months from July to September this year, it is difficult for most people to make a profit, including those who are spreading big cakes, and they cannot escape the losses caused by 's unilateral decline in .
So, this position management is very important. Now we assume that you have 10W in your hand. It is not recommended that you buy all 10W at one time. You can buy about 5W to 8W in the 10-20 convertible bonds you chose, and use the rest as a precaution in case of emergency needs.
The fourth is how to stop profit and replenish the green grass.
take profit is very simple. You can choose a profit point to sell directly based on your own risk preference .
For example, you buy a certain variety at 100. When it rises to 102, you will have a profit of 2 points. You think 2 points is about the same. Within your cognitive range, if you think it should not rise any further, then you can sell it. If there is no unified answer, you must set the take-profit point , which is active.
You can also set a profit of 1 point and sell it, or you can set a decision that does not rise to 5 points and refuses to sell it. There is no exact standard answer to the decision you make about this market judgment and the variety you hold on your opponent.
But there is strict discipline for raising cang. Because, when we buy a variety, it will face either rising or falling. When it rises, everyone will be happy and sell it immediately to make a profit. If it falls, how should we operate? The correct way to do
is to set a loss of 2 to 5 points on the basis of the price you bought. As long as you do not reach the loss of 2 to 5 points, you do not need to make up for the loss of 2 to 5 points. Even if you only have a loss of 1.99%, you do not need to make up for it. You must have a loss of 2 to 5 points before you can make up for it. Why do you have to set 2 to 5 points in
? Because the data in this range are all conclusions drawn by the "predecessors" through many "trial and error experiments". As long as the varieties that are on a downward trend will at least retreat by more than 2 to 5 points, they are not something that can be explained or explained by theoretical knowledge.
. Many people lose money because they blindly make up for the clay. When they see a drop, they can't help but can't control your heart, so they immediately go to make up for the clay. Then, after all, the cost is not much lower. As a result, they are all stuck on the hillside. It's very difficult to make a T in the middle of the journey.
OK, I am Mai Mai, that’s all for today’s sharing.
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is very lucky, I wish you all a happy weekend!
