Three core experiences of position management!

The market has been adjusted recently, and I have a lot of feelings, so I will write more about my experience on the investment road and share it with everyone, so that everyone can avoid some detours!

Entering the capital market, the most important thing is not capital, nor technology, but mentality!

The moment you enter the market, what kind of mentality you hold basically determines your future outcome. This is your biggest insight in the market!

If you have the mentality of gambling and hype, I can tell you with certainty that no matter if you are in the market for three years, five years, or even ten years, the results will not be good! Too many people have problems in the market, and the core problem is the management of capital positions!

In my system, good company + good timing + good warehouse control! From the perspective of the three major subdivisions, the core is warehouse control. If you lose money, it may be a problem with the selection of the company, or it may be a problem with the timing of entry, but these are not fatal problems. The most fatal problem is the position. Control the problem!

Position control is also known as fund management. The two most prone to problems are the heavy positions and financing!

During the several stock market crashes in 2015, many people around them suffered from problems due to the explosion of financing. This is the greed magnified by human nature. They are also veterans of market investment and have their own investment systems. The problem lies in heavy positions and financing. above!

If you can manage 500,000 yuan well, you can still manage it if you give 5 million yuan. But if 500,000 yuan is not well managed, even if you give it 5 million yuan, it will not work well. Therefore, investment has nothing to do with the size of the capital, and the more the capital, the better. Large, the more difficult it is to obtain excess returns, often the investment strategy can only be more conservative, the reason is that you cannot afford to lose!

There are also some friends who have problems with heavy positions. They choose one that they think is good, and the heavy positions are full. The advantage of heavy positions is that they can make a lot of profit when they encounter bull stocks, but when they encounter bad stocks, they will adjust and hold them for themselves. If the votes are doubtful, even if you cut the meat, how many times can you cut the meat? Heavy warehouse cuts can basically be eliminated by the market a few times. The above two, at least 80% of my friends have made these two mistakes!

In my investment, how do I solve the problem of money management? Here are my three core experiences:

First, never financing!

How much money you have to do how many things, investment is based on vision, not capital, so you can only start by improving your vision and dig out good companies. If it is more capital than financing, it is better to directly engage in futures. The leverage is greater, of course. Also die faster!

If you feel that you have no vision and don’t want to work hard to improve, then you should never touch the stock market. People who raise funds are often lucky and always feel that they are lucky, but in the capital market, this is a meat grinder for greedy people. The temptation will make you lose your mind and let you enter the endless abyss. The good ones work hard for the brokerage. The bad ones may have a great risk of loss of the principal, and more importantly, the individual stocks that are being financed cannot be objectively analyzed. treat!

Second, the funds should be divided into at least ten shares!

No matter the size of the fund, it is at least divided into ten shares. The minimum amount here is 100,000. Many people communicate with me, and I usually ask the size of their funds. The reason is that the funds are too small. There is no need to spend time on it. It is more important to work hard to accumulate principal. In many large places, the annual income of food delivery exceeds 100,000. If the market does not have 100,000, you should reflect more about your own problems!

If the funds are large to a certain extent, you must think about dispersing them, at least as much as you can. Some people ask that I am too busy to study so many companies. In fact, this is not an excuse. If you are too busy to have time, you might as well Focus on your main business and become bigger and stronger than anything else! Investing is a reward for every effort, there are no shortcuts! This year’s sowing may take three to five years to harvest, not three or five days! No matter how busy you are, eating, drinking and doing so many things every day, you will come into contact with a lot of companies, and it is enough to choose excellent targets from these companies that you have come into contact with!

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The funds I manage are at least divided into ten! Then choose two from each of the five directions to turn into a cycle! Now I mainly choose companies from the ten key research industries, that is, I have actually spread the layout to the industry!

In such a large market, even if the general environment is not good, there will be countless local opportunities. Make more money in the bull market, recharge your energy when the market is bad, and make full research preparations for the subsequent bull market. If the funds are larger , and can be further subdivided!

Dispersion is not good, that is, you need to know at least ten industries or more companies, but there are more than ten listed companies in our lives. Looking around, most of them are listed companies! Besides, you may not be able to understand that much in one month, and it is no problem to understand dozens of companies in three or five years. The key to the problem is the lack of methods!

Just like the current positions, most of them are concentrated in the top 10 positions, and most of them are also concentrated in the top 20 positions. Many stocks are used for follow-up research after the layout!

Third, do not touch losing stocks!

Loss refers to the loss of net profit. Net profit is the blood of the company, and it is also the remainder of the company after a year of hard work. No matter how good the company is and how potential it is, the ticket for net profit loss will never be touched, even if there is a concept. , even if it can be hyped, even if it can be restructured, don’t touch it, the reason is that you never know what black swan will be revealed tomorrow!

Everyone can find a bull stock at will, none of which is transformed into bull through concept, hype, or reorganization! No, not one at all! You can take a look at the picture below. This is the stock with the most hype in the bull market in 2000. After 20 years, how many still exist? The stable and sustainable operation of the main business is more important than anything else!

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There are many companies that are number one in China and number one in the world. There are also many companies that focus on one industry for ten or twenty years. When these companies are undervalued, it is the best time for our layout. Do more research on excellent companies and wait patiently!

No financing, no heavy positions, and no junk stocks, these are the three iron laws of capital management! The root of the three is the embodiment of greedy desire, and only by staying away can it last forever! Only by implementation can it be long-term!

The above three core experiences are the iron laws of my system’s fund management. Regardless of the bull market or bear market, we will always abide by it. They are all from the bottom of our hearts. If you think it is good, you can give it a thumbs up to support it, or you can bookmark it and share it with more friends!

$Kweichow Moutai(SH600519)$ $Ping An(SH601318)$ $Hikvision(SZ002415)$

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