Born in Wuhan, Hubei Province, 1995, he directly entered the futures industry after graduating from high school, and completed the first accumulation of 1 10,000 in just 1 year. Wang Qing, account manager after 95 futures, from June 2065,438 to August 2065,438+. In 20 14, China Eastern Airlines Futures won the gold medal in the 6th "Blue Ocean Secret Sword" Hedge Fund Managers Open, becoming the youngest "main force" in the competition.
Wonderful quotations from the interview:
I think about the rules of the game and read about it. As for the trading method, I still have to explore it myself and find the trading rules that can stabilize profits.
As long as we can adhere to our own stable profit model, the first 1 10,000 is just around the corner.
I think the advantage of the post-90 s players is that they are young and their thinking is not fixed. They are brave in innovation and can quickly adapt to changes in the market. The disadvantage is that because you are young, you will be a little inexperienced.
There are many good ways to make money in the market, but I think everyone should find the one that suits them best.
I feel that since a fixed trading model has been determined, it must be executed perfectly. When the signal comes, open the position. When the signal comes, don't miss it. Have confidence in your own model. Don't worry if there is no signal, and don't look for opportunities to enter the warehouse.
My model has grasped the market, and the market belongs to my model, so I won't miss this opportunity.
I don't have any pressure to wait and see empty positions. I believe my model won't let me miss my market.
Because in a plate, many times, the trend is similar, and the risk is the same. It's better to do a good job.
For petty bourgeoisie, single-variety investment can better grasp the market rhythm and will not distract funds and energy.
Because only the market that conforms to my model and strategy will make me profitable, and the market that makes my model "fail" will make me lose money.
This market is water and traders are boats. We just need to follow the trend, not the market following my prediction, but my model following the market.
I don't think retreating is terrible. I don't know what caused it.
Ignorance, confusion, heavy positions and lack of clear trading methods are all high risks.
Controlling risk is not as simple as some people say "just control the position", but must have a high "winning rate" and "closing profit-loss ratio" trading model.
I think objective trading is a trading system based on the idea that "this market has its inherent laws no matter how disorderly it changes".
I don't read fundamental news. Most of the news that usually falls into the hands of traders was a few weeks or even a month ago, and it is still difficult to say whether it is true or not. However, all real news changes will eventually evolve into prices, which will be honestly displayed on the K-line chart, which is simple and intuitive.
The programmed trading mode does not say that it cannot be changed, but it cannot be changed at will.
The key to stable profit is that I only do my own market and carry it through to the end.
Every trader in the market has his own market, and the trading methods used are all based on probability and have their limitations. No trading model can always grasp the market.
Successful trading is actually a combination of a perfect trading system and a good personal character.
I think the best way to learn is to make a firm offer, so that you will have a deeper understanding and gain, which is beyond the simulation.
In this market, there will always be a few people making money and most people losing money, which is the basis for the healthy development of this market.
I think the best way for a new trader to enter this market is to find a master who can make a stable profit in the national real competition for several years, so that he can take fewer detours and enter the right door faster.
Now I have participated in the 10 firm competition of Blue Ocean Mi Jian, with the goal of participating in 10 and making a profit every year.
Qihe.com1,Hello Nikki, thank you for accepting an exclusive interview with Qihe.com in your busy schedule. You graduated from high school and entered the futures industry directly. How did you come into contact with futures at that time? What was your future then?
Wang Qing: It is also because of a coincidence that I came into contact with the futures industry. I have a classmate whose parents are brokers of futures companies. I went there once when I introduced the industry to other parents, so I learned about futures and got a preliminary understanding of the industry. At first, the understanding of futures is as risky as most people think, but it also has great opportunities. One-to-ten leveraged trading also means that if you use the same funds, the utilization rate of futures funds will be higher.
Qihe. com 2。 When you first came into contact with futures trading, did you learn to trade by reading books, looking for a teacher or groping for yourself, or by other means? In your opinion, which method is more suitable for new investors in this industry?
Wang Qing: Reading and exploring. I think about the rules of the game and read about it. As for the trading method, I still have to explore it myself and find the trading rules that can stabilize profits. After all, no one will really teach the secret of making money through dozens of dollars of books or hours of classes, only for reference. Of course, I will encounter many difficulties in the process of my own exploration. For example, I am not very good at programming. Sometimes, in order to change the content of the program a little, I will sit in front of the computer for hours, so now the transaction is mainly manual.
Qihe. com 3。 In the capital market, the first million is usually considered to be the hardest to earn. We know that you have achieved the first million in the market this year. what do you think?
Wang Qing: First of all, I feel that my efforts have paid off, and I have also proved to my family that it is ok to choose this road, so that my family can feel at ease; Secondly, I am more confident about my programmed trading model and my future path. As long as we can stick to our stable profit model, the first 1 10,000 is just around the corner. Of course, after the funds exceed1000,000 yuan, we should pay more attention to risk awareness management and overcome some impetuous and frivolous mentality.
Just like your nickname, as a girl born after 1995, she entered the high-risk futures market under the age of 20. What's the attitude of your family and friends? Have you ever objected?
Wang Qing: My friend thinks it's new. Everyone is busy with the college entrance examination, but I plan to start a business. My family must have opposed it at first. They have not been exposed to futures and are not familiar with this industry, but I want to give it a try. During that time, after repeated statistics and argumentation, I proved to them that my choice was feasible, hoping to gain their support and understanding. Finally, after reading the model and data I showed them, my parents finally agreed and gave me the principal of 654.38 million yuan to start. Seeing my present situation, they were relieved and thought it was ok for their daughter to choose this road. So I am also very grateful to my parents for their support.
Qihe. com 5。 Now the post-90 s manufacturers in the market are slowly emerging, but there are still few. As far as your experience is concerned, what are the advantages of trading after 90? What are the disadvantages?
Wang Qing: The students around me are still studying in the university campus. I have never been in contact with the post-90 s players. But I think the advantage of the post-90 s players is that they are young and their thinking is not fixed. They are brave in innovation and can quickly adapt to changes in the market. The disadvantage is that because you are young, you will be a little inexperienced.
Qihe. com 6。 Mature traders will have their own style. Do you think you have a trading style at this stage? What is your ideal style?
Wang Qing: At this stage, I have basically formed my own style. I will enter the meeting when there is a signal, and I will rest when there is no signal. At the beginning, my ideal was to do intraday trading, earn a certain amount of money every day, quit and fight again the next day. Therefore, I observed the operation methods of some experts in the day, and I also recognized them. However, I gradually found that this trading style is not suitable for me. I am more suitable for making trend-oriented long-term orders, so I abandoned some methods in the day. There are many good ways to make money in the market, but I think everyone should find the one that suits them best.
Qihe. com 7。 Many traders just want to earn the money that can be earned in the market, and you are no exception, but what kind of money can you earn? How to earn this money?
Wang Qing: I think since the fixed trading model has been determined, it must be implemented perfectly. When the signal comes, we will open the warehouse. Since the signal is coming, don't miss it, have confidence in your model. Don't worry if there is no signal, and don't look for opportunities to enter the warehouse.
Qihe. com 8。 As can be seen from your capital curve, from the end of August 20 14 to the beginning of June 20 1 10, you grasped the downward trend of PTA and doubled your profits, while your three major capital increases in April, July and August this year were all realized within a few days. Why did you change from long-term trading to short-term trading? What do you think are the advantages and disadvantages of these two ways of making profits? How to better combine short-term and medium-long-term lines?
Wang Qing: Actually, my trading style has not changed. The quick profit is due to the unilateral market. Whether it was last August (1 1) or several times this year's profit, it was due to the cooperation of the market that the capital growth was realized. My model has grasped the market, and the market belongs to my model, so I won't miss this opportunity.
As for the medium and long-term and short-term, my understanding is that the medium and long-term positions stay overnight and the short-term positions do not leave the warehouse, but each has its own advantages and disadvantages. The medium and long-term line is suitable for large capital operation, and traders are more relaxed. There is a choice between opening positions and flat positions. The disadvantage is that if the risk is not well controlled, it will end in a loss. Short-term advantage, only earning the fluctuating price difference of the goods made on the same day, settlement on the same day, worry-free, the disadvantage is that it is not suitable for large capital operation and cannot open positions with compound interest. At present, short-term and medium-and long-term combinations are not considered, and the focus is mainly on the study of multi-variety combinations.
Qihe. com 9。 Judging from the capital curve, your "dormant period" is relatively long. For example, from March 20 14 1 1 to March 20 15, you are on the sidelines. What is the reason? Now that you are also a full-time futures trader, what will you do during a long period of short positions? If the above-mentioned market appears frequently, will it have a certain impact on the trading mentality?
Wang Qing: I only do my own market. If there is no signal, I will definitely rest. If there is no deal, then enjoy life, go out with parents, go shopping with friends, or stay at home and watch cartoons and catch up with new TV series. I don't have any pressure to wait and see empty positions. I believe my model won't let me miss my market.
Qihe. com 10。 As can be seen from your position, you mainly make profits by operating PTA. Why choose PTA among dozens of varieties? What is your basis for choosing other varieties?
Wang Qing: Pta has a large turnover, a very active variety, a strong trend and a long trading history, and belongs to a relatively mature variety. Now we are also considering the varieties of other sectors, such as iron ore and methanol, which have a relatively large turnover recently, so we have also started to study them. Because I do trend tracking, the selected varieties are bound to be more trend-oriented. If they are in consolidation for a long time, they certainly don't fit my model, and I will abandon such varieties.
Qihe. com 1 1。 The obvious disadvantage of making a single product is that there will be no market for this product for a period of time, and even the best strategy may be "ineffective". When PTA exits the market, will you consider PP and PVC which are both energy-saving commodities?
Wang Qing: No, it is enough to choose one or two chemicals, because in a sector, the trend is almost the same most of the time, and the risks are the same. It's better to do a good job. If I add more varieties, I will re-select in another section and share the risks.
Qihe. com 12。 Many people don't put all their eggs in the same basket in pursuit of stabilizing selection's multi-variety combinations. Your transaction process is mainly through PTA. What do you think are the advantages of focusing on a single variety? What are the disadvantages?
Wang Qing: Objectively speaking, it is correct not to put eggs in one basket, but for petty bourgeoisie, single-variety investment can better grasp the rhythm of the market and will not distract funds and energy; However, when a single variety is consolidating, other varieties are unilateral, so I can't enjoy the profits brought by multiple varieties, and the utilization rate of funds is not high, and most of the time is empty, which is a bit wasteful.
Qihe.com 13。 Crude oil is the source of industrial chain. According to the cost driving factors, the rise and fall of crude oil prices will be gradually transmitted to PTA prices, thus forming a "positive relationship" between PTA prices and crude oil prices. Therefore, many people will pay attention to the crude oil market when doing PTA. Will you refer to the trend of crude oil?
Wang Qing: Yes, crude oil does have a "positive change" relationship with chemical commodities, but in my transaction, the profits and losses generated are not directly related to crude oil. Because only the market that conforms to my model and strategy will make me profitable, and the market that makes my model "fail" will make me lose money.
Since July this year, PTA has been in a pattern of shock consolidation, but during this period, the intraday price will also fall below the 2008 low to 42 14. How to treat the follow-up trend of PTA? What opportunities may arise?
Wang Qing: I never predict the market. This market is water and traders are boats. We just need to follow the trend. It is not that the market follows my prediction, but that my model follows the market.
Qihe. com 15。 How do you allocate positions in the course of trading? Will you increase or decrease positions at the right time and optimize the position allocation? Judging from your capital curve, your net worth is always greater than 1. Will your position be lighter when you set up the safety mat at the beginning?
Wang Qing: I usually keep my position within 50%. My model has a good set of positions. The initial net value of the transaction is below 1 or 1, and the position will be lighter. Once the capital safety mat is done, you can return to your normal position.
Qihe. com 16。 Usually there will be some withdrawal after the funds reach a new high. When your maximum withdrawal reaches 28%, will you have more pressure? How do you overcome and adjust to prepare for the next opportunity? What is the maximum withdrawal amount of your psychological expectation?
Wang Qing: There will definitely be some pressure on the withdrawal of rights and interests in the transaction, but we must calmly analyze what caused this withdrawal, whether it was a normal withdrawal caused by the failure of the model, or a withdrawal caused by blind impulse and no sense of risk control. Therefore, I think abstinence is not terrible. I don't know what caused the withdrawal. The maximum retreat I expected in my mind was 30%. When the retracement reaches 30%, I will definitely stop trading, and something must be wrong. I must sum up the problem and never give up continuing the transaction.
Qihe. com 17。 Your understanding of futures includes high risk and high return. How to treat the high risk in the transaction and how to control it?
Wang Qing: Ignorance, confusion, heavy positions and no clear trading methods are all high risks. Controlling risk is not as simple as some people say "just control the position". There must be a trading model with high winning rate and closing profit-loss ratio, otherwise even small positions will gradually make funds lose money.
Qihe. com 18。 Many traders in the market use subjective or subjective and objective trading methods, while you completely use objective trading methods. What do you think are the advantages of this trading method? What do you think of the fundamental news?
Wang Qing: I think objective trading is based on "no matter how disorderly the market changes, there are actually internal laws". The trading system set up according to this concept mainly includes trading modes consisting of opening positions, closing positions, adding positions, reducing positions, stopping losses, taking profits, fund management, timing of entry and trading discipline, so as to avoid traders being influenced by disk or news, making subjective judgments, and trading emotionally and impulsively. But it doesn't mean that subjective trading is not good. I think a successful subjective trader must have a lot of theoretical knowledge, unusual sense of disk and many years of practical experience. Obviously, I am a novice after the Ninth Five-Year Plan, so I chose the target transaction.
I don't read fundamental news. Most of the news that usually falls into the hands of traders was a few weeks or even a month ago, and it is still difficult to say whether it is true or not. However, all real news changes will eventually evolve into prices, which will be honestly displayed on the K-line chart, which is simple and intuitive.
Qihe.com19, you have two or three sets of perfect programmed trading models, but some people say that without a permanent and effective model, any model will fail. What do you think of this? Do you often adjust your model? Will you continue to prepare new program strategies?
Wang Qing: I agree with this view. The programmed trading mode is not static, but it cannot be changed at will. It is impossible to completely overthrow the model because of a big retracement or a loss-making market and then say that the model is invalid. The model can be optimized bit by bit with the change of the market. Optimization is not lip service, and every modification is accompanied by a lot of statistics and verification. With regard to the compilation of new varieties, several varieties with relatively large turnover were selected and a multi-variety portfolio investment and trading model was compiled. According to my personal situation, the main adjustment is to reduce profit taking and protect profits.
Qihe. com 20。 According to the trend of the market, it is mainly divided into trend market and shock market. For programmed trading, the trend market can better grasp the big profits, but from your capital curve, you can also seize the opportunity in the volatile market. What do you think is the key factor of your model's sustained and stable profitability? What logic is it mainly based on?
Wang Qing: My trading model can't seize the opportunity to make money in the volatile market. The key to stable profit is that I only do my own market and carry it through to the end. Actually in the market, I think so. In the market, any trader has his own market. The trading methods used are all based on probability and have their limitations. No trading model can always grasp the market. The more you operate, the less likely you are to be right. It is a wise choice to rest when you are not sure. It also takes a strong personal determination to resist the temptation to open a position.
Qihe.com 2 1。 What basic qualities do you think programmatic traders need? For traders who have some difficulties in programming, how to solve the problem of transforming methods into models?
Wang Qing: Successful trading is actually a combination of a perfect trading system and a good personal character. Traders with programming difficulties can trade manually, but only if they can resist the temptation and fully implement your own system without human intervention. The biggest difference between manual and automatic is the different requirements for execution. I can completely follow the system, but in fact many people can't. Their models are all profitable, but without strict discipline, they can't help but intervene, resulting in no expected return due to the model.
Qihe. com 22。 Now you are also a full-time trader. Some people think that the futures market is suitable for professional investors and needs continuous learning. what do you think? How do you keep learning? What are the main modes of operation?
Wang Qing: The futures market is really suitable for professional investors. It takes a lot of time and energy to study and practice in order to obtain stable profits. I think the best way to learn is to make a firm offer, so that you will have a deeper understanding and gain, which is beyond the simulation. After all, simulation is not real money, and sometimes there will be opening signals, but if you forget it, you won't feel anything. When you make money, you don't think you really make money, and when you lose money, you don't consider optimizing the system, so it doesn't make sense.
Qihe. com 23。 You took part in the Bihai Mijian Competition and achieved good results. What made you take part in these competitions? What did you gain in the competition?
Wang Qing: I took part in this competition mainly to learn from my predecessors. Only by dealing with the master can we realize our own shortcomings. Of course, I also hope to show myself on a bigger stage. The biggest gain is to put away some frivolous mentality, calm down and do what you should do, and constantly learn from the predecessors in the industry.
Qihe. com 24。 In the Blue Sea Sword Firm Competition, the net value of your account "Wang Qing: Post-95 Futures" has reached 1.6 since June 438+05, 1965, with the highest value of 2.44. Are you satisfied with the result? However, compared with last year, this year's performance declined slightly. What do you think is the reason? Will you make some adjustments because of this?
Wang Qing: As a girl after the Ninth Five-Year Plan, I am very satisfied with my achievements this year. Like the previous waves of decline and rise this year, I caught them all. This year's performance is slightly lower than last year, which is normal, because my account only does pta. Since June 65438+ 10 this year, the pta main monthly contract has been in a consolidation trend, which makes my model "fail". In addition, I opened my position with "compound interest" instead of making a profit, which caused my net worth to retreat from the highest 2.44 to 1.6, which is a normal retreat. Next year, I am going to open an account again and start to make a multi-variety combination to make up for the problem of large cash withdrawal brought by a single variety.
Qihe. com 25。 How do you feel about winning the prize with many futures industry predecessors during the Blue Ocean Secret Sword Award? Are there any players you admire? Are there any predecessors who have a great influence on you in the process of studying futures?
Wang Qing: I'm glad to be on the same stage with the masters in this industry. In the process of studying futures, I paid special attention to Master Zhou Wei. Because I am programmed like him, I agree with some of his ideas. It is remarkable that he can make a steady profit in this industry for so many years, and it is also an example for me to learn. It was my parents who had a great influence on me during my study, from opposition to support. Thank you for understanding me at that time.
Qihe. com 26。 Do you have any hobbies in your daily life besides trading? What other hobbies do you think are also helpful to cultivate good habits and thinking patterns and to trade?
Wang Qing: Usually it's more common. When you have time, you can go to the movies, exercise, catch up with new cartoons and relax.
Qihe. com 27。 Do you have any suggestions for some traders who are similar to your age or new to this market to help them adapt to this market faster and find ways to make profits?
Wang Qing: For a beginner, this market is really risky. There is an iron law that cannot be broken. In this market, a few people will always make money and most people will lose money. This is the basis for the healthy development of this market. I think the best way for a new trader to enter this market is to find a master who can make a stable profit in the national real competition for several years, so that he can take fewer detours and enter the right door faster. I think this tuition fee is definitely less than the capital cost of the self-study exam. Although the teacher may not give up his inherent housekeeping skills, his successful investment ideas, trading methods and strategies will be displayed invisibly. These can bring great help to your in-depth exploration, and form your own trading style through study, actual combat and accumulation. But it is not particularly suitable to look for teachers everywhere, because each teacher has his own method, and it is easy for you to confuse your own transactions when you absorb it. Therefore, it is a better way to choose a teacher who has been showing stable profits for at least three years.
Qihe. com 28。 Now that you have set up your own studio, what are your short-term plans? Are there any long-term goals?
Wang Qing: Now do your own thing and stick to your principles. Now I have participated in the 10 firm competition of Blue Ocean Mi Jian, with the goal of participating in 10 and making a profit every year.