(This article is compiled by the official account Yuesheng Guide (yslc688), for reference only and does not constitute operational advice. If you operate by yourself, pay attention to position control and risk at your own risk.) The content of the
Fund Management Plan may be very detailed, including some trading rules, such as not being flattened downward. In addition, the plan can also specify methods of entering and exiting in batches. For example: Suppose you believe that a transaction is worth establishing the most shares, you can buy 50% of the stock first. Everyone adopts different rules and methods, so there is no best fund management plan.
determines the amount of venture capital
I have a total of $30,000 for trading, so I only use $15,000 as venture capital, and the remaining $15,000 will be deposited into the money market fund account in case of emergency needs.
determines the maximum risk that any single exchange can bear
The maximum risk that any single exchange can bear shall not exceed 5% of the risk capital of US$15,000. In other words, if venture capital continues to remain at $15,000, the risk assumed by any single transaction will not exceed $750. If you have the chance, it is best to reduce this level to 2%.
determines the maximum overall risk that all open positions can bear
At any time, I will not hold more than 7 parts, and the overall risk that all open positions bear will definitely not exceed 20% of the risk capital. If the positions are held in the relevant market at the same time, the overall maximum risk borne by these positions shall not exceed 7.5% of the risk capital.
determines the maximum number of contracts (or shares) held by each market
I will prepare a table to list in detail the maximum number of contracts (number of shares) allowed to hold by each market (or each stock). These maximum contract counts are divided by the average real range (ATR) of each market. Generally speaking, the actual number of contract accounts for transactions is less than the maximum number of contract accounts. But if you encounter a high chance of winning, you can use the maximum contract number. If you really encounter a very good opportunity (in other words, opportunities with extremely low risk and extremely high chance of winning), the actual number of transactions can be 1.5 times the maximum number of contracts.
determine the size of the part based on the risk situation
After determining the maximum risk that each exchange can bear, I will use technical analysis to estimate the stop loss level. Divide the allowable amount of loss by the stop loss amount to determine the number of shares that can be traded. If the stop loss amount is less than the acceptable risk, I will trade, otherwise I will give up.
determines the acceptable risk rate of return
I only accept transactions with a risk-to-reward ratio of 1:3 or better. No matter how good the profit potential of a transaction looks, as long as the loss occurs due to wrong judgments is greater, I will not make this transaction.
determines the upper limit of loss to stop trading every day. As long as the daily loss accumulates to US$1,500 (equivalent to 10% of venture capital), trading will be stopped on the same day. As long as the losses accumulate to $1,000, some of the worst-performing parts will begin to end, and no new parts will be created for the time being.
determines when the risk parameters should be adjusted
Unless I can reduce the risk to 2% of the risk capital in each transaction, the current risk parameters will not be changed. After achieving the above goals, whenever the venture capital grows by 20%, the maximum risk amount that each exchange is willing to accept will be adjusted. Similarly, if the risk capital is reduced by 20%, I will also make relative adjustments.
decided to re-examine the loss limit of the trading plan
After starting to engage in trading, if the loss accumulates to 35% of the venture capital, I will re-examine the trading system, risk parameters and trading plan to see why I have lost.
["4321" theory]
"4321" is a capital use strategy, that is, use 40% of the funds to be used in the band, 30% of the funds to be used in the "T 0" (note the quotes, don't miss it, because some people often miss it), and 20% of the funds to be used in strong stocks; 10% of the funds to be used in the restructuring concept stocks.
1. Use 40% of the funds to make bands: Band operations are divided into large bands and small and medium bands.
1) Large-band operations generally depend on the general trend. The usage indicators are generally monthly K-line. Buy when KDJ golden cross and sell when hitting the top and pullback. (As shown below)
2) Small and medium-sized band operations are generally operated according to the trend of the indicator. Band operation is generally like this, that is, buy at the bottom of the indicator and sell at the top.
2. 30% of the funds are used for "T+0": T+0 Many investors think that the risk is very high, but in fact, the opposite is true, because they can immediately regret it in operation.
A shares have a phenomenon. No matter how bad the stock index falls, it generally has little impact on individual stocks between closing and opening. Just choose the varieties that can rise the next day. The stop-win goal is 1%. Of course, more funds are required, so allocate to 30%.
buys before closing and runs the next day. It is best to open an extra account when operating. For example, the funds you allocate are 100,000 yuan. As long as you see the profit of 1,000 yuan, you will sell them immediately, transfer the excess funds back to the bank, and transfer the insufficient funds back from the bank. This is how you operate every day and trade every day.
This kind of operation cannot test the returns, and can only be checked one by one.
3. 20% of the funds are strong: Let’s use a stock to introduce the method when building a strong stock:
600281 Taihua shares On November 5, a large order of funds suddenly flowed in 74.34 million in a single day. It looks like there has never been any in the past, indicating that the stock is strong. However, starting from the 8th, it was dragged down by the market's pullback (gray line) and fell passively. The funds for the early establishment of positions quickly left the market, and the entire line that has entered recently was trapped. The bottom was formed from the 15th to the 23rd, giving us the opportunity to copy the main force's old bottom. After buying, we borrowed the benefits and took advantage of two consecutive boards.
4. 10% of funds adhere to the concept stocks for restructuring: There is no technology at all. Generally, retail investors have a large-cap stock with a large-cap stock with a large-cap stock with a large-cap number index that is less than -1 or suddenly appears with a large negative value. These are all possible to reorganize.
Finally, I will introduce three positions management methods to you:
1, "funnel" position management method
This position management method requires that the initial entry amount is relatively small and the position is relatively light. If the market runs in the opposite direction, gradually increase positions in the future, and then dilute costs, the increase ratio becomes larger and larger; and the initial risk is relatively small, the cost dilution speed is fast, the higher the funnel, the more considerable the profit will be; the main risk is: once the direction is wrong, it will lead to the inability to make a profit, and as the position becomes heavier in the later stage, it will lead to capital turnover difficulties. (Suitable for trend traders)
2, "Rectangular" position management method
This position management method requires that the initial amount of funds entering the market account for a fixed proportion of the total funds each time. If the market develops in the opposite direction, gradually increase positions, reduce costs, and increase positions follow this fixed proportion; risk is evenly distributed and managed on an average basis. When the position can be controlled and the future market direction and judgment are consistent, you will get rich returns. The main risks come from: cost dilution is getting slower and slower, and it is easy to fall into a trapped situation. (Suitable for stable investors)
3, "triangle" position management method
This position management method requires a relatively large amount of funds to enter the market. If the market runs in the opposite direction in the future, no more positions will be increased. If the direction is consistent, gradually increase positions, and the proportion of positions will be increased smaller and smaller. Position control is performed according to the rate of return, and the higher the winning rate, the higher the position used. Use the continuity of the trend to increase positions. In the trend, there will be high returns and a low risk rate. The main risks come from: the initial position is heavy and the requirements for the first entry are relatively high. (Suitable for high-tech speculators)
The above three positions management methods have their pros and cons. I personally believe that the second position management method is more scientific, and the equal distribution of position risks is more effectively controlled. It will not increase the psychological burden due to increased positions and pullbacks. First seek stability and then attack the operational requirements suitable for more investors.
6 golden rules for position management.
1. Isolation risk How to isolate
? In fact, it is the one we are tired of listening to, "Don't put the eggs in the same basket." Here, isolation is to manage the money invested and the family assets separately.The specific operation is to create two "accounts" (combined with your own situation, sometimes there can be several, such as another one for children's education funds). The key is to manage the investment funds separately from the money used in family life, such as food, clothing, housing and transportation, pension, and children's education. The advantage of
is that if the investment loss is serious in time, it will not have too much impact on the family's life.
2. Don’t have a full position
The risk of full position is what we have been saying. Many people are actually just betting on the full position and betting on the betting. If you bet on the betting, you can make a big profit, but what if you bet on the wrong bet? That means you lose all the market! So you must learn to build positions in batches, and don’t invest all your money in one or a type of stock. Especially some types of stocks have industry characteristics or are easily affected by the market environment and have great fluctuations. When you buy all of these stocks, if the market is not good, then all stocks may fall, and the risk is too great. Diversified investment is the way to survive in the stock market.
3. Stop loss in time
If you regard investment behavior as driving, then stop loss is like an investment seat belt, which can "help" at critical moments. When the stock price falls, many retail investors always hold the mentality that it is not really a loss if they don’t sell. They hold them in their hands and are unwilling to cut their losses. Finally, they watch their capital shrink and finally they can’t bear it and then they lose the market. They suffer heavy losses. In fact, the correct way is to set a stop loss point for yourself when you start investing. When you reach this line, you must sell decisively and lose a little protection principal. It is better than being deeply trapped in the end.
4. Don’t easily short positions in the bear market
We mentioned above as stop loss, which is a strategy to protect principal in investment. However, investors are too timid and stay away from stocks when the bear market comes. They are familiar with it. This is a good time for investment, because many stocks are in the undervalued stage. But one thing to note is that even if you can find many good investment opportunities in a bear market, you should also be careful not to have heavy positions. It is still recommended to build positions in batches.
5. Strictly abide by discipline
The discipline here refers to the discipline you set for investment, including the ratio of position building, stop-profit and stop loss, etc. Don’t use your subjective will to interfere with your own operational behavior.
6. Don’t stop learning
The reason why many retail investors keep losing money is because they do not have a systematic understanding of stocks and are just following the trend. Even the stock god Buffett has learned from the essence of investment philosophy of many investment experts such as Graham , Keynes , Fisher , and then it has become a generation of stock god. Therefore, only by constantly learning relevant knowledge, learning from others' strengths, brainstorming, and finding investment methods that suit you can gain more in your stock market.
Finally, whether you earn 10 million using the above "stupid" method is not only related to how much principal you invest, but also to which bull market you catch up with.
If you are also technically controlled and are also devoted to studying technical operations in the stock market, you might as well follow the official account Yuesheng Strategy (yslc688) to join the actual special training camp for market analysis. You will have more gains!
Statement: This content is provided by Yuesheng Strategy, which does not mean that the Investment Express recognizes its investment views.
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