In investment, high returns and stability are like fish and bear paws can not be combined. Faced with relatively stable but low potential returns and aggressive but high potential returns, many investors will be in a dilemma. In this article, let's take a look at how the stock speculators of The Fortune Network are selected.
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Looking at the yield, the yield obtained in 9 years is 14 times, which translates to an adult yield of 35%, which is very high. Just look at the comparison.
Just looking at this performance, it is enough to be called a master.
Looking at the full yield chart, it can be roughly divided into three stages:
The first phase, from the beginning to the end of 2016. Funds began to rise rapidly, and the drawdown was also larger;
The second stage, 2017-2018, these two years, the account is in a drawdown period. The maximum drawdown of the entire account occurs during this time;
In the third paragraph, 2019 to the present, the account funds have risen slowly, not as fast as the first stage, but the drawdown is also smaller.
If you look at the transaction records, you will find that in the first stage, the amount of the master's single purchase of stocks is mostly between 400,000 and 600,000, while in the third stage, the purchase amount is mostly between 200,000 and 300,000, and the second stage is between 200,000 and 600,000. Therefore, we can see from this that the master is more concentrated in the first position and the drawdown is larger, but later switched to the current single amount is smaller, and the drawdown is also smaller.
Click on "Asset Analysis" to see the other indicators of the master
First of all, look at the success rate of 91.72%, very high data, whether it is for doing short-term or long-term.
Secondly, looking at the industry in which the selected stocks are located, the proportion of the top four is about 30%, which is not large, indicating that the investment strategy of the master is universal.
In addition, looking at the number of transactions, the current total number of closed positions is 338, which is very large, enough to exclude the luck component and reflect the strength.
Finally, the number of shares held, a total of 76, is a very large amount of data. If you look at the positions, you will find that the current largest stock holdings account for less than 3%, and the vast majority of stocks account for less than 2%. The accounts are very well balanced and spread.
The maximum drawdown of 57.640%, overall, is not excellent, but considering the high return, such a large drawdown can also be understood. The whole drawdown occurred in the second stage, and in the two stages before and after, the investment style of the master has changed, so it makes more sense to pay attention to the drawdown of the third stage.
The average position is 97%, which is very high. As can be seen from the figure, from the second stage, the position change of the master begins to become significantly smaller, which is also one of the signs of the change in the investment style of the master.
Individual stocks are top 5 profits, and the yield difference is not large. In addition, the half year at the end of the position is close to 2 years. It shows that the trading of the master is dominated by the longer-term band.
This is the 5th most profitable stock in the master's list---- the buy and sell point of Huide Technology 603192. This single position has been held for 546 days, the yield is 74.74%, and it occurs in the third stage, which reflects the investment style of the master---- captures relatively long-term fluctuations.
Let's take a closer look at the buy point of this trade.
After breaking through a large pressure level, there is no rush to buy, but wait for a pullback, and then break through the new high before buying. This buying method is very stable because the second breakout is equivalent to a second confirmation.
This is the selling point of Huide Technology. After the price breaks through the pressure level upwards, the stock price retraces. However, at the support level (the original pressure level) did not stop, but continued to fall sharply, which shows that the previous breakthrough is a false breakthrough, then take advantage of the rebound K line to sell, which is also a very stable operation.
This is also the third stage of trading. The position is open for 125 days and the yield is 55%.
At this point, we have a more comprehensive understanding of this master.
First of all, at present, it is mainly a relatively long-term swing trading, the trading frequency is not high, and the positions are very dispersed and balanced;
Secondly, the master's investment style has undergone a big switch, from the previous high return high drawdown, to the current stable style, the return will be lower, but the drawdown will also be much lower;
Finally, due to the current investment style, the trading time is not very long, but from the performance in recent years, the future can be expected.