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Data:2009-12-12 2:34
1, the basic idea
Do not want to buy the lowest special, that is, do not wait until fall to buy the lowest, otherwise you will never buy. This is because: you do not know in advance which one is the lowest price, until you find that the lowest time, the lowest long leave you. For the same reason, do not so rose to the highest price when selling, or you will long to hold, and there is "lift" does not make "buy low sell high," the price difference, that is, this final " free "dinner, or eat better.
Buy low sell high, pagoda-style action law for the primary means: The higher the price, sell more; lower the price to buy more. The difficulty here is that when to start buying, when full warehouse, when to start buying out, when the short positions.
Scope of application of this method, the main are: high investment value, plates large, making it difficult types of securities speculation. The most typical types of securities, that is, when the stock price index at a relatively low, the high-quality closed-end securities investment funds, worse resale values of the most powerful of those funds. On the one hand, due to worse resale values of the most powerful, so a relatively great investment value, and because the relatively low stock price index, the Fund also increased by the net space; the other hand, closed-end securities investment funds, the total market value of several hundred million yuan, making it difficult speculation.
Because of this variety of securities, it is difficult hype, only a slight oscillation up, so bargain-hunting operations using high-toss method, neither was completely stuck, it will not be rolling empty.
In this way, not only earned a large increase in band, but also the way in which to make the difference between the upper and lower vibration, but also will not be at the end of a long period of turbulence in the lonely and the cabinet and anxiety.
Stock price index and lower the price of the fund, the fund fell less likely, the greater the possibility of rising, pagoda-style operation of law on the buy low sell high, so that the Fund positions more weight; stock index and the Fund to higher prices, the fund fell the greater the likelihood, increase the possibility of more small, pagoda-style bargain-hunting operation of law on the high throw position so that the Fund more light, this time, received from the Fund after the withdrawal of Italian a lot of money, but also the way in the securities a market, bond market and money market funds to earn higher interest than bank profits. That is, buy low sell high, pagoda-style operation method can be in the fund with other markets, both sides make money.
Second, pagoda-style high-throw type of bargain-hunting operation of law,
Pagoda-style types, mainly the following three types: geometric progression, constant number of arithmetic progression.
Geometric progression: for example, yes, 1,2,4,8,16,32, ....
Constant number: for example, yes, 3,3,3,3,3,3, ....
Arithmetic progression: for example, yes, 1,2,3,4,5,6, ...; or 1,3,5,7,9,11, ... and so on.
Increase in geometric progression too fast: when the broader market hitch can easily be rolled empty; while the broader market plunge, it is easy to reach the bottom of the tape before, had no funds to cover positions, so that the full quilt.
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A constant number has not changed, too rigid, earn less.
Arithmetic progression of the moderate rate of increase, but the speed, that is around them "poor" in size, but also master the medium.
3, bargain-hunting operation at high pagoda-style law to keep abreast of the key
Pagoda-style bargain-hunting operation of law in the high toss the key, which is itself the key to a higher rate of return is: when the stock price index at a relatively low, a timely and decisive manner full of warehouses, not be afraid of a bit stuck with some, do not try to buy the lowest price into a number of chips, do not try to reach the lowest position when full; the contrary, the stock price index at a relatively high, the short positions should be timely and decisive manner, not afraid of a little more "Ta Kong" some, do not try to cast the majority of chips at the highest price, Do not try to achieve the highest price when the short positions.
When the stock price index fell very low, shrinking trading volume was very small, all fear, Popularity is very lax, feel insecure, issuing new shares when the rhythm has begun to ease, that is better able to grasp the "broader market at a relatively low" in time, you can use the "exponential rate of increase," the pagoda-style bargain-hunting operation of law, to accelerate their portfolios ahead until the full position. On the contrary, when the stock price index rose very high, very large volume release, issuing new shares had been "bombed", that is better able to grasp the "tape at a relatively high", one can use the "increase in geometric progression speed "of the pagoda-style high-polishing operation method, to accelerate lighten up until the short positions.
4, pagoda-style bargain-hunting operation of law at high operating method of comparison with other
Buy low sell high, pagoda-style operation method and operation of law very different from most others. Most other technologies to send operating method is the operation of law, characterized by: wait for confirmation until after up to buy (chase), wait for confirmation until after fall to sell (sell into stop-loss). Therefore, the pagoda-style buy low sell high is the key operation of law, "buy low sell high," while most technical operation of law, the key is to send "chase sell into."
The former applies to balance the city, which applies to unilateral City.
5, the actual operational experience
Over the years I have adopted basically buy low sell high, pagoda-style action law, but they use a slower rate of increase above the "arithmetic progression rate of increase." However, in many cases to be alive. In the bottom and the top is difficult to judge, we can adopt more sparse above-mentioned "constant number of" high-throw bargain-hunting operation method; the broader market plunge and soaring, we should decisively over positions and short positions.
For example, the end of 1999, I was determined immediately Mancang 1.25 Kaiyuan Fund (code for the 184,688), while a half months after the acute rose to 1.6 to 1.67 Yuan, I also determined the immediate short positions. One and a half months, the entire profit of 30%.
Now, I was basically full storage of the three or four closed-end funds, and the use of such a slower rate of increase, "arithmetic progression" high-throw bargain-hunting operation method: rose progressively worse resale values have become the worst of the fund to sell ; decreased progressively become worse resale values buying the best funds. Do not stamp duty because the fund trading, online trading and can play right off, so the difference is still a lot of revenue. Calculated based on actual data, I do operate, and has always held fixed than a month you can earn about 0.5 ~ 1%. And the operation is not trouble, do not stare at the disk. The night before and I are a good pre-commissioned during the day can still only targeted at work in our own things.
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