The essence of A-shares is the timing of the market on a cyclical basis

Business cycle investment

Building a rotation strategy for major asset classes

policy

Seize structural opportunities brought by improvement in liquidity

Beware of systemic risks caused by liquidity shrinkage

Liquidity

Valuation

Performance Outlook

Market sentiment

Major Events

As prices and volumes rise together, the industry enters a prosperous cycle; when prices and volumes fall together, the industry enters a depression cycle;

Prices and volumes rise and fall, and the industry is in the process of switching between economic cycles and depression cycles

Companies that focus on capital entry and exit information, macro policies and industry policies, price and volume information, equity change information, and enter new fields

Changes, impacts, performance, price

According to technical indicators, the average market return will be obtained

Verify the judgment of market trends

Low-risk model: Use leverage tools to hedge arbitrage

Using futures delivery rules to build futures and spot arbitrage strategies

Using fund subscription and redemption rules to build a fund discount and premium arbitrage strategy

Using the fund's net value calculation rules to build a fund subscription arbitrage strategy

Using the open period of closed-end funds, build arbitrage strategy for closed-end funds

-Use rules such as stock tenders, recombination and mergers to build an event-driven strategy -

Using the connectivity rules between markets to build cross-market arbitrage strategies

Industrial capital accounts for half of A-shares

Institution, there is a group behavior

National team, save the market during the "stock market crash"

Hot money, the most active and keen participant in the market

Retail investors pursue volatility

-Get the expected difference

Every day, we must summarize the stock market rules and other people's profit routines

Understanding the driving force of securities product trends from the root cause

All conclusions on the market need to be verified

Predict the situation based on a deep understanding of the social economy

Make predictions based on understanding of business management

Prediction based on philosophical cyclical law

Understand the pricing power funds

Deep value, high dividend value, long-term value, prosperity value, reverse investment

Using discount rules of tiered funds, combined with stock index futures hedging arbitrage

-Use convertible bond maturity rules to find "guaranteed bottom and unlimited upward" game opportunities

Use the dividends of A-shares to design investment strategies

Use stock index futures discounts to make equity investment substitution

For example, make investment decisions based on the A-share market cycle and use the deviation rate to make an oversold rebound

Peter Lynch's six categories of stocks

Use debt and stock assets to allocate assets

Position management

Don't buy at the high point of prosperity

If there is any problem with equity structure, don't buy it

Don't buy if you don't conform to business logic

Some people questioned not to buy

The exchange repeatedly asked not to buy

Don't buy if the business is unreliable

Be careful in areas with high incidence of fraud

Be careful in industries with high incidence of fraud

If you are suspected of stocks in K-line chart, be careful

Building a neutral hedging portfolio and pursuing alpha returns

Timed hedging based on the prediction of the market

Fuzzy hedging based on predictions of special events

Judging the cycles of stocks, bonds, commodities and cash management based on macroeconomic fundamentals, national monetary and fiscal policies, buy the bottom and escape the top

Judge the economic cycle of the commodity and go long or short in the commodity futures market in one direction

Judge the economic cycle of a commodity or industry, buy and sell stocks in a cyclical manner

Buying money funds, financial products, bonds, bond funds, etc., and reverse repurchase are generally used as fund pools

Buy when the price of a stock is much lower than its intrinsic value, but be wary of the "low valuation trap"

Reasonable valuation and high growth”, but it is not easy to find growth stocks

This type of company is relatively reliable, but the industry structure is stable and you need to lower expectations when investing.

You need to judge the water level of the market. Only when you are below a certain water level can you make a fixed investment, and if you are above a certain water level, you can make a cash-out -

It should be used on index funds, not on individual stocks

It is necessary to conduct a large number of backtests on the oversold, rebound, and their relationship with market sentiment.

Rank securities according to certain rules, adjust positions according to the latest ranking every once in a while

Three basic issues need to be considered

Quantitative stock selection strategy, derivative trading strategy, market value new stock issuance strategy

Through the quantitative software platform, programmatic transactions of stocks, funds, and convertible bonds are realized. It is recommended to make good use of the conditional functions of each brokerage firm

Market Maker Strategy and ETF Arbitrage Strategy

Operation according to technical indicators such as moving average, MACD, KDJ, and Bollinger Bands

Classic theory: wave theory, trend trading, and entanglement theory, it is not recommended to be regarded as the main operating strategy. Only used for verification and judgment

Auxiliary strategies

New entry income unique to the A-share market

Statistical arbitrage

Rule arbitrage

Rent a fast track to focus on such opportunities and obtain investment income -

After breaking the rigid and honest policy, it is no longer a mainstream strategy

The unique weapon unique to the A-share convertible bond market depends on the value of the conversion and the procedure is complicated.

Research on the topic of tender offer acquisitions and look for opportunities to have an advantage in odds

Follow the announcement of listed companies, determine whether the negative factors when wearing hats are about to be eliminated, ambush in advance, and wait for the positive news to be fulfilled

Track the announcement of listed companies, judge the strength of new shareholders and the prospects of new businesses, ambush in advance, and wait for the positive news to be fulfilled

Judge the possibility of reorganization and the time nodes of each program

Time is controllable, investment cycle is within 3 months

Losses caused by short-term panic are exchanged for future valuation return profits

Short-term trading, suitable for investors with high frequency intraday

The company cannot repay the money, so it can only promote the conversion of shares. At this time, convertible bonds or stocks can be ambushed.

Judging the short-term fluctuations of stocks (within day or two or three days), sell at high points, and pick up low points, and reduce holding costs

It will be released as soon as the board is opened, it will be released as soon as the volume is added, and it will be safe to put the bag in the bag.

The sudden drop in a short period of time, the mood reached its extreme, and it was not a loss that day