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341207 2009 年 08 月 26 日 18:33 Reading (loading. ..) Comments (0) Category: Personal Diary
I remember there was the master said, investors must abide by the principle: first, protect the principal, and the second is to maintain sustained and steady profits, and the third is the pursuit of profit maximization. I enter the market more than ten years, the first do not, you can do the second and the third is unmatched. This article talk about the protection and profitability of this experience, hope initiate.
first understand the nature of the market
an indisputable fact is that, A-share market is a zero-sum game. The sky can not fall much, ZF did not put a cent, dividend distribution of listed companies not worth the commission, stamp duty and other transaction costs. If you take into account the interest costs of banks, in fact, is a negative sum game. Is not that far away, say the past two or three years now. Investors, the Christian Democrats in a large number of accounts in 2007, an explosion in trading volume is beginning from the end of 2006. The broader market average was 3404 points 30 months, 40 month moving average was 3068 points, Friday's close was 2960. That is about the venue of the average investor in recent three years of losses, although this occurred in 2007 in which the vigorous bull market and this year doubled the stock market.
in the secondary market, investors profit only way to buy low and sell high to eat the difference. Eat the difference, feed off shrimp, in which a layer of small investors? Insurance, social insurance, brokerage, fund, QIFF and other agencies and makers, from the personnel, information, financial strength, technology level, and so all aspects of war measure, retail, and their ratio is not an order of magnitude. The same is retail, and professional investors with large ratio of both amateur small, scattered people from the analysis software used to read the tape, or adverse conditions, and at the same location.
investors around from my point of view, some of the second half of 2007 entry of the investors and the Christian Democrats, in the 3400 points is still not defined. Some just get out of trouble, and now once again the merciless quilt. Admission is 90's last century, the old shareholders, and some have been eliminated (me to the door of the master is one),
red wing boots, although some of the fighting scene, but have not heard who made a fortune as stock.
retail no matter how you toss, Ye Hao technical analysis software to help no matter whether, ultimately can not escape the loss of a seven to win the second level of the law. So how can we became one of the \
attitude is more important than technology
technical analysis is impossible not to win, even if you sometimes cock money, but can not be sustained profitable. But technical analysis is not a panacea, even if you have the advanced software stocks, if not applied correctly, in vain.
good attitude is to survive and profit in the market premise.
1, do not bet. China, 48 yuan more than the oil market, why buy? Because someone bet it rose to 60. Mining Division from a high of 68 yuan fell more than 5 yuan last year, why are people going to sell? Because you can bet it fell 4 yuan. Do not gamble, do not always grasp things. The current tape is on or the next? Different opinions. The direction is unknown, let's not do anything, do not gamble on it.
2,
red wing shoes, not greed. Who knew better than their own weapons, fighting skills than the level of people do not seek riches high-risk high-yield varieties, such as ST, warrants, futures and so on. Frequently do not yield to the temptation to get rich quick short-term speculation, just spotted the opportunity to make a profit leave bin. Bear market rally does not covet the opportunity to do, not just for the sake of the bull market in the short term in that little difference. Do not seek the lowest lost opportunity Jiancang, nor the pursuit of profit maximization, selling shares to sell at high prices is normal in the second.
3, fear. A sophisticated investors have collapsed in the face of the fear Tarzan character. Significant decline in the stock market after a long period, when the market is full of atmosphere of terror, when the authority of the broader market also fell to the number of stock analysts said the number of points, you do not be intimidated, and bear waiting to shake hands with the chips coming bull market . If you have funds in your hand, to select good stocks to choose the positions. Can get low-cost chips, which is our retail key to victory. When stock prices rise to a certain extent, when the broader market adjustment, not afraid to be beaten back to the stock in situ, to insist Aoyama do not relax. Your powers of concentration of wealth determines your altitude.
points to defeat the enemy means
1, only bull market. When the broader market after a long tragic fall occurs when the technical indicators MACD,
red wing motorcycle boot, the short-term into long-day moving average order, you can approach to do more. When the broader market fell again, but did not hit a new low (eg, tape the end of 2005 the lowest point is only lowered into the 1067 and did not record low of 998 points, another example, tape the end of 2008 adjusted to 1814 points only, there is no record low of 1664 points) , then you best to do more, how much money to invest much money. Has held the stock until the market has become a short order, you quickly leave the market short wait for the arrival of the next opportunity. The key point of this trick is the \
2, select undervalued stocks dip purchase. First, choose your favorite stocks. Patiently waiting for a long decline. When the volume is small when the financial batches according to their own bid. More or more to buy, no money to go to bed sleep. In the subsequent long period of time, and rise or you do not have a relationship. Until a certain period of soaring stock prices were overvalued, and you shot, and then find the next target. The key to this trick is the \
3,
red wing sale, buy a fund. Put your money to experts to financial management. In particular, closed-end funds, and is discount rate the higher the better. A friend will say, What sort of trick you? Yes, we all subscription funds,
red wing work boots, but the key is when you choose. Most people choose to purchase when the bull market. I said, you must not rise in the broader market for a long time to listen to others, said a lot of money to buy funds when making purchase, for example, the second half of 2007. Not from a very high position in the stock market began to fall just when the rush into the market, for example, first half of 2008. Have to wait for the market after a long period of decline after. The question is who do not know where is the lowest point of fall, even if you kept to the minimum point, the fund manager can not be in the lowest positions. My approach is the month when the tape K K and weekly stochastics are in the low line,
red wing shoes outlet, this time you buy within their means.
tag preservation retail investors gain broader market