Category: Money tips Release Date: 2007-07-28
Andre Bush, Swiss, trading champion, world record holder, a noble personality and a strong determination predecessors. In 1942, Bush was born in central Switzerland, at age 11 which lead to blindness due to accidentally electrocuted almost three years after the resumption of strenuously with visual reading, access to university studies in Geneva, Switzerland, the Swiss - the entire American student exchange programs the amount of scholarship funding to the United States New Hampshire's Dartmouth College study, and in 1965 graduated from the economics profession. Later, he returned to the University of Geneva Institute of International Studies, received MBA degree in international politics.
After graduation, he entered the Bank of Boston, and soon become a major foreign exchange trader, accumulated a great deal of foreign exchange trading and gold trading knowledge. In 1977, he opened part of his own firm. From 1985 to 1986, Bush created his computer trading system, a "formula for school" representative. In 1987, Bush used his experience and methods of participation by BEVERLY HILL Trade Association organized the famous "U.S. trade Champions Cup" competition, to 5000 U.S. dollars of investment in the beginning, 4 months time, achieved a 45.38-fold return on investment rate, no one has broken this record keeping.
Throughout Bush's experience, I found him the most commonly used investment philosophy is as follows:
1. To find the essence of human thinking
Trading rules and structures can be changed, the essence of the human mind does not become. If you want to make full use of human thought system, it must face a painful truth: In the face full of "variable" things, most of the human way of thinking may be "collective unconscious" (also known as the "collective unconscious") the impact of force majeure, frequent incredible bias. Japanese master of philosophy and psychology shore Nakata, after a life-long study had a similar view: "the human animal itself is faulty.".
Andrea cleverly stood almost the antithesis of every trader, it sounds that some people are incomprehensible. Veteran who appears in the technical analysis, Andrea used to face each attack points are the death of suicide methods. In order to maintain this incredible state, he often allowed others to see some of its actions - in high-altitude driving your own private jet, quietly turned off the engine the engine, he served as its free-fall movement, close to the ground at the moment and then the engine restarted, pulled up to a certain height and then just repeat the action.
Bush told reporters the mainland and Hong Kong, said: "In 1987, 92% of the investors to watch, I am desperate to sell my contract, but I dare anyone say that because they said I was crazy. I has done a 18-year record, found that 80% of investors are optimistic about a certain direction, 70% of it will go in the opposite direction. "
2. Magical Options
Andre aside the other techniques, whether alone, he had the option to use skills enough to allow us stunned. This is a crucial step in the success of Bush. In developed markets, options trading volume far more than the futures market, almost every floor trader are in frequent use of such derivatives, however, very few successful people. Andre minimal usage options, methods, unique and still a high success rate. Hong Kong's famous master of foreign exchange and Andrea Lee Wei in the conversation, deeply shocked, in his writings on the Bush highly evaluated.
In a particular environment, in particular, many investors have come to a crucial step - 90% of investors hold the same view, Mr. Bush into action, using options, with almost everyone of them to gamble! . Because Bush knows this, he never anyone exchange market, is always quietly stay in office.
Also would like to stress that Bush never right options in speculation. In his view, is an unusual time of investment options means.
3. Computer formula
"Formula" the word in the investment community is the most controversial topic, many practitioners in the domestic futures companies that they are simply without merit. Especially the United States and Europe, many hedge fund managers prepared for their own specific procedures Trader Trading System of the formula, but is the world university professors accused of "manufacturing market factors, the root causes of instability," because a lot of trading systems often critical time issue with the majority of investors, a sudden idea runs counter to the "stop-loss" and "reverse-opening the granary" signal, resulting in further deterioration of the situation, for example, October 19, 1987 stock market crash in 2001, after 9.11 bear market, in October 2004 LME copper price collapse.
Bush is a typical psychological faction and the faction representatives of the formula-type figure, he invented the system technology-oriented law earned him enormous wealth. He designed, including market warning signals and recycling category a total of 10 sets of formulas, each a success rate of 65%, many people probably would not agree that the success rate. But I am based on their years of experience, to investors prompted two points: first, the "transaction" systems the most difficult to prepare the formula, but also the most actual combat value. It is different from the kind of style and no substance of the so-called index formula, K-line combination of formula and the formula for selection of species, but rather a computer display screen, a clear reminder of our "ask for public assistance, open positions, stop-loss, only gain" with a strong operational equation of manipulator systems. Secondly, I had taken such a manipulator of the training, if a trading system is really workable, in the attack success rate of only 50% of the cases, can be a lose lose three or four of a odds, that is, a loss of money, you can earn 3-4 of money profits.
4. Asset Management
Bush's money according to the computer system to produce a signal, using clearly defined financial management strategy. There are three types of transactions. Conservative Exchange Act is 1 / 2 of money to invest, for example, 20 million of 10 million dollars for investment, until you get 50% of the proceeds; common transaction method is to use 1 / 5 of the money invested until the to achieve 100% return; positive Exchange Act is to use 1 / 10 or more money to invest in response to investor demand.
Bush will be the biggest investment risk control at 25%, usually at the time of the signal an uncertain amount of investment clients 1 / 3 of profit open positions, while the sum of the profit used to ensure additional 1 / 3 of investment, so that only a real risk 1 / 3 of the amount of investment, while at the same time be able to enjoy 2 / 3 of the profit potential for themselves invincible.
Therefore, there is no proper financial management, no one account can ever be in the market to survive.
