Position management does not involve stock selection and timing technology, and even some position management experts have tried to decide whether to go long or short by flipping a coin. Under such a random decision, you can still make money by relying on good position management technology. The following are several positions management modes compiled by Bian Xiao, hoping to help everyone.
What are the modes of position management?
Funnel position management method
The initial amount of funds entering the market is relatively small, and the position is relatively light. If the market runs in the opposite direction, the market outlook will gradually increase positions, dilute costs and increase the proportion of positions. The position control of this method is like a funnel, so it can be called funnel-shaped position management method.
1. Advantages: the initial risk is relatively small, and the higher the funnel, the more considerable the profit.
2. Disadvantages: This method is based on the premise that the market outlook is consistent with the judgment. If the direction is judged incorrectly, or the trend of the direction cannot exceed the assembly standard, it will be unprofitable. Under normal circumstances, the position will be heavier at this time, the available funds will be less, and the capital turnover will be difficult. In this position management mode, the more reverse fluctuations, the bigger the position and the higher the risk. When the reverse fluctuation reaches a certain level, it will inevitably lead to Man Cang holding. At this time, as long as the direction fluctuates slightly in the opposite direction, it will lead to an explosion.
Rectangular position management method
The proportion of initial capital entering the market to total capital is fixed. If the market develops in the opposite direction, it will gradually increase positions and reduce costs in the future. The position will follow this fixed ratio, and the shape is like a rectangle, which can be called the rectangular position management method.
1. Advantages: Only add a certain proportion of positions at a time, gradually raise the cost of positions, and share and manage risks equally. When the position is controllable and the direction and judgment of the market outlook are consistent, you will get rich benefits.
2. Disadvantages: The initial average cost rises rapidly, and it is easy to fall into a passive situation quickly. The price can't cross the break-even point and is in a quilt state. Like the funnel method, the more reversed the change, the larger the position. To a certain extent, it is bound to be held in full position. As long as the price changes slightly in the opposite direction, it will lead to short positions.
Pyramid warehouse management method
The initial amount of funds entering the market is relatively large. If the market runs in the opposite direction in the afternoon, no more positions will be added. If the direction is the same, it will gradually add positions, and the proportion of adding positions will become smaller and smaller. Position control is a form of big bottom and small top, like a pyramid, so it is called pyramid position management method.
1. Advantages: positions are controlled according to the rate of return. The higher the winning percentage, the higher the positions used. Use the persistence of the trend to add positions. In the trend, you will get high returns and low risk rate.
2. Disadvantages: In a turbulent city, it is more difficult to get benefits. The initial position is relatively heavy, and the requirements for first admission are relatively high.
The funnel position management method and the rectangular position management method are that after the first admission, the market runs in the opposite direction, but still believe that the later trend will run according to its own judgment and carry out position management. The pyramid-shaped position management method is that after entering the market, if the market runs in the opposite direction, it will not increase the position, and if it reaches the stop loss, it will stop the loss. The first two methods belong to the counter-market operation method, and the latter is the homeopathic operation method.
The correct premise of the funnel-shaped position management method and the rectangular position management method is that the market outlook conforms to the predicted trend, the positions are getting heavier and heavier, and the profits can be made without exploding the positions, which is more risky for investors. The pyramid-shaped position management method is at most the risk of losing a certain proportion of the first admission funds, not all the funds, so the pyramid-shaped position management method bears less risk.
Control skills of buying fund positions
1, one-time purchase
Buying opportunity: shock market, bear market bottoming out or bull market main rising stage;
Disadvantages: misjudgment leads to the bear market continuing to fall, or the bull market enters the stage of stepping back, adjustment and interval shock, and the cost of rectification is high;
Maximum short-term floating loss ratio: above 20%;
Advantages: the trend judgment is correct, and the cost is much smaller than the installment purchase.
Step 2 buy in batches
Timing of buying: the market fluctuates, the bear market bottoms out or the bull market fluctuates;
Disadvantages: the trend judgment is wrong, and the cost is higher than the one-time purchase;
Short-term maximum floating loss ratio: if it is double-buy or super-double-buy, even the downward trend can be arbitrarily controlled before Man Cang;
Advantages: less one-time investment, high liquidity of funds, low cost of rectification when trend judgment is wrong, good control of floating losses in multiple batches, and easy to solve in a short time.
How to control the position?
1, large-scale point.
Generally speaking, if the market is at a low level and there is huge room for growth, it can be held in a heavy position. If the increase is too large and it is in a relatively high shock stage, you can maintain a semi-warehouse position. If the market starts to adjust downwards, it can be reduced to the position of 10% to 20%. Heavy positions at low points, half positions at middle points and light positions at high points are key reference indicators for fund investment.
2. Positioning of phased growth rate of fund net value.
In the current volatile market, the basic people can choose the theme fund layout with relatively small increase and low net growth rate among the optimistic theme funds, so as to avoid the mid-term adjustment risk faced by the sharply rising theme funds.
3. Control positions according to investment preferences.
For short-term investors, positions can be higher due to frequent positions adjustment. But for long-term fund investors, it will be more important to control positions in the medium and long term. Investors can decide the position change according to their investment preference and operation style.
Summary of risk control points in stock trading
1, psychological control risk. In the process of stock market investment, it is not only the uncertainty of the market that causes serious losses to investors, but also the psychology of investors is one of the main reasons for operational errors.
2. Control risks from the operation and learn to wait appropriately after a stock gains or stops. Many investors just sell today, buy tomorrow and hold stocks forever. Such an operation can be profitable when the market is good, but it will face greater risks when the market is unstable.
3. Control risks from positions. The heavier the position, the greater the income, but the greater the risk. Once there are new changes in the market, if the market chooses to go down, the heavy position will face serious losses. Therefore, investors should decide their positions according to the changes in the market.
4. In order to control the risks brought by holding shares, the stock varieties held by investors should be divided into two parts: one is radical investment varieties for short-term operation; The other part is the stable investment variety of medium and long-term investment. Reducing the number of holding types can improve the ability of rapid response and thus resist risks.
5. Set a stop-loss line to control risks. The maximum stop loss line depends on the average income of each transaction and the probability that you buy stocks with rising prices. (Average return = sum of profit percentage of each stock transaction/number of only profitable stocks; The probability of stock prices rising is the average success rate = (number of historically profitable stocks)/(number of historically traded stocks).
6. Set up risk control from position management. When there is a certain trend reversal, you will never increase your position at the time of loss. There is nothing to be ashamed of when you lose money in stock trading, but it is amateur self-harm to continue to hold stocks that lose money, enlarge the losses, and even continue to add positions.
7. Control the risk from the income-risk ratio, and pay attention to the income-risk ratio before buying each stock. Historical income-risk ratio = (success rate of trading stocks _ average income increase)/(failure rate of trading stocks _ average income decrease).