股市双向思维是什么意思
『壹』 股票高手请进~
江恩的理论不是在具体的教你怎么去买卖股票,而是一种哲学和大气的展现。无论是具体科学还是文学,最终是哲学上的概括才能把握全局,人类的文明虽然随着时代在不断的变迁,但是人是恒古不变的万物之灵。有句话叫做:站的高才能看得远。江恩就是把古往今来对哲学的思考加入了理论之中,你仅仅局限于股票操作是无法体会这种大气的。你的学会纵观全球的金融市场,从宏观经济学的角度来看资本市场,而不是单独的股票,最终转化成一种对战略的思考,而不是具体操作的战术。你把自己想象成国家的财政部长,手握2000亿资本,要抵御外来的金融攻击,也要发展国内的经济。你就能理解了!
PS:江恩理论的战略意义明显大于战术意义,他把握的更多的是趋势,而非细节的操作点。操作点我建议还是倾向数学工具,用统计的方法,大数理论能平滑掉内部的误差,从而反映本质的细节。不然你还看什么K线阿?K线不就是每天去统计数据画图么?量变产生质变,道理不错,但是质变得时间和关键点,江恩的理论显得有些勉强,不如看数据来的真实。科学没有半点虚假。
『贰』 股指期货对中国股市的影响
股指期货的四方面影响
股指期货对中国股市有四影响 不改市场长期趋势
随着我国经济的持续稳定发展以及市场化改革的不断推进,金融衍生产品的推出成为当务之急。股指期货作为一个投资品种和风险管理工具,本身是中性的,它的推出不会改变市场的长期趋势,虽然在其推出后短期内可能会对股市形成一定的扰动,但主要仍将受市场总体态势及内在估值的影响,而且估值因素的影响更为重要。
当然,由于股指期货具有金融衍生产品的特性,它的推出必然会对我国股票现货市场产生重要而深远的影响,主要有以下几个方面:
影响一,证券投资思维方式的变革。股指期货提供了风险管理工具,有助于投资者真正构建投资组合,降低系统性风险。另外,股指期货引入了做空机制,影响市场走势的因素比以前就更多了,投资者的投资思维和投资策略也必须适时转变,改单向思维为双向思维。股指期货推出后,一方面,市场估值更趋合理,股价不太可能再大幅超出其内在价值,否则,与基本面严重脱节的股票就会产生很多套利机会;另一方面,只要趋势判断准确,做空也能获利,即在熊市中亦可赚钱。
影响二,可以吸引增量资金进场,扩大股票市场规模,增强市场流动性。股指期货推出后,由于部分投资者需要对资产组合进行重新配置,故短期内可能会分流股票现货市场的资金,影响股票市场交易量。但从中长期来看,股指期货的推出使得股票交易机制更加完善,同时多了一种风险管理工具,将会吸引更多的稳健型资金参与股票投资。另外,利用股票现货和股指期货套利是一种风险较低的交易模式,能够吸引许多套利资金入市。因此,股指期货能够为市场带来大量新增资金,提高股票现货市场的活跃程度,推动股票现货和股指期货的交易量双向增长。美国、香港等市场的经验也验证了这一点,芝加哥商业交易所1982年推出S&P500股票指数后,股票现货和股指期货的交易量大幅提高;香港1986年推出恒生股指期货后,股票交易量当年就上升了60%,此后股票交易量不断增加。
影响三,有助于优化投资者结构。目前我国证券市场参与者仍以中小投资者为主,机构投资者的规模只占30%左右,由于各种原因,中小投资者大多以投机心态参与股市,显然不利于证券市场的长期健康发展。股指期货推出后,除了会增强市场的流动性和稳定性之外,也将提高证券市场的发展程度和层次,各种套期保值和套利行为将趋于活跃,中小投资者难以参与,这有利于改善我国证券市场的投资主体结构,大大加速机构化进程,使机构博弈成为市场投资的主流,我国也将像其它发达国家一样进入机构投资者主导的时代。
影响四,将提升大盘蓝筹股的投资价值。大盘蓝筹股具有股本巨大、业绩优良、派息率高、流动性强等优势,容易受到主流资金的青睐。股指期货推出后,机构投资者手中必须拥有充足的大盘蓝筹股筹码,才能具备调控股指的话语权。我国A股股指期货已选定以沪深300指数为标的,因此,以沪深300指数成分股为代表的大盘蓝筹价值股将成为今后投资者最为关注的焦点,它们将是机构投资者不可或缺的核心配置资产。此外,机构投资者进行套期保值也需要配置许多大盘蓝筹股,并作为基础仓位战略性持有。尤其在股指期货正式推出前还会有抢筹效应,大盘蓝筹股将显现稀缺性溢价。今后投资者应积极关注沪深300指数的成分股,特别是主要成分股。
下面是大概翻译成英文,你还要自己修正一下:
The stock index stock's square face makes a sound the stock index stock to have four influences to the Chinese Stock market not to change market long-term trend to continue the steady progression as well as the marketability reform unceasing advancement along with our country economy, the finance derivative proct promotes into the urgent matter. The stock index stock takes an investment variety and the risk management tool, is in itself neutral, it will promote will not change the market the long-term trend, although after it will promote in the short-term to the stock market will possibly form certain perturbation, but mainly still will receive the market overall situation and the intrinsic estimate value influence, moreover the estimate value factor's will influence be more important. is natural, because the stock index stock has the finance derivative proct characteristic, it will promote definitely will have important and the profound influence to our country stock stock market, mainly will have the following several aspects: affects one, securities investment thinking mode transformation. The stock index stock has provided the risk management tool, is helpful constructs the investment profolio truly in the investor, reces the systematic risk. Moreover, the stock index stock introced has made the spatial mechanism, affected the market trend the factor before have been more than, investor's investment thought and the investment strategy must at the right moment transform, change the unidirectional thought are the bidirectional thoughts. After the stock index stock promotes, on the one hand, the market estimate value hastens reasonably, the stock price not too possible to surpass its intrinsic value largely again, otherwise, the stock which will come apart seriously with the fundamental plane will have many arbitrage opportunities; On the other hand, so long as the tendency judgment is accurate, does spatially can also make a profit, namely may also make money in the bear market. affects two, may attract the increase fund approach, the expansion Stock market scale, strengthens the market fluidity. After the stock index stock promotes, because the partial investors need to carry on to the asset portfolio redeploy, therefore in the short-term will possibly diverge stock stock market the fund, will affect the Stock market business volume. But looking from the medium and long-term, the stock index stock promotes causes the stock transaction mechanism to be more perfect, simultaneously have been many one kind of risk management tool, will attract the more steady fund participation stock investment. Moreover, the use stock on-hand merchandise and the stock index stock arbitrage is one kind of risk low transaction pattern, can attract many arbitrage fund entering the market. Therefore, the stock index stock can bring the massive additional fund for the market, enhances the stock stock market the active degree, impels the stock on-hand merchandise and the stock index stock business volume bidirectional growth. Market and so on US, Hong Kong experiences have also confirmed this point, after Chicago commercial exchange in 1982 promoted the S&P500 stock index, the stock on-hand merchandise and the stock index stock's business volume largely enhances; After Hong Kong in 1986 promoted the Hengsheng stock index stock, the stock business volume rose 60% in the past, hereafter the stock business volume increased unceasingly. affects three, is helpful in optimizes the investor structure. At present our country stock market participant still by the young investor primarily, institutional investor's scale only accounted for about 30%, as a result of each kind of reason, the young investor mostly by the congenial point of view participation stock market, does not favor the stock market obviously the long-term healthy development. After the stock index stock promotes, besides will strengthen the market the fluidity and the stability, also will enhance the stock market the degree of development and the level, each kind of hedge and the arbitrage behavior will tend to be active, the young investor will participation with difficulty, this will be advantageous in improves our country stock market the subject of investment structure, will accelerate the organization advancement greatly, will cause the organization to gamble into the market investment the mainstream, our country will also look like other developed countries to enter equally the time which the institutional investor will lead. affects four, will promote the bulk lots blue chip stock the value of each contribution. The bulk lots blue chip stock has the capital stock to be huge, the achievement is fine, distributing dividends rate high, fluidity strong and so on superiority, easy to receive the mainstream fund the favor. After the stock index stock promotes, in the institutional investor hand must have the sufficient bulk lots blue chip stock chip, can have the regulative stock index words power. Our country A stock index stock has designated take the Shanghai and Shenzhen 300 indices as the sign, therefore, will become take the Shanghai and Shenzhen 300 indices distributes stock shares plans the value stock as representative's bulk lots to become the focal point which blue the investor most will pay from now on attention, they will be institutional investor's indispensable core disposition properties. In addition, the institutional investor carries on the hedge also to need to dispose many bulk lots blue chip stock, and the underlie shipping space strategic has. Especially before the stock index stock will promote officially will also have snatches plans the effect, the bulk lots blue chip stock will appear the scarcity premium. From now on the investor should pay attention to the Shanghai and Shenzhen 300 indices to become positively distributes stock shares, specially mainly becomes distributes stock shares.
『叁』 期权交易有哪些优点
期权交易的优点:
独特的损益结构
和股票、期货等投资工具相比,期权的与众不同之处在于其非线性的损益结构。对于期货的多头部位,价格每上涨一元,价格每下跌一元,部位亏损就会增加一元。对于期货空头部位,则正好相反。
正是期权的非线性的损益结构,才使期权在风险管理、组合投资方面具有了明显的优势。通过不同期权、期权与其他投资工具的组合,投资者可以构造出不同风险收益状况的投资组合。
期权交易的风险
在期权交易中,买卖双方的权利义务不同,使得买卖双方面临着不同的风险状况。对于期权交易者来讲,买方与卖方部位都面临着权利金不利变化的风险。这点与期货相同,也就是在权利金的范围之内,如果买的低而但卖的高,平仓就可以获利。相反则为亏损。
和期货不同的是,期权多头的风险底线已确定和支付,其风险控制在权利金的范围之内。期权空头持仓的风险则存在着与期货部位相同的不确定性。因为期权卖方收到的权利金能够为其提供相应的担保,从而在价格发生不利变动时,能够抵消期权卖方的部份损失。
虽然期权买方的风险有限,但是其亏损的比例却有可能是100%,有限的亏损加起来就会变成了较大的亏损。期权卖方可以收到权利金,一旦价格发生比较大的不利变化或波动率大幅的升高,尽管期货的价格不可能跌到零,也不可能无限上涨,但从资金管理的角度来讲,对于许多交易者而言,此时的损失已经相当于“无限”了。
『肆』 求教:中国股市的思维逻辑……迷茫中……
那就聊聊中国股市
如果2007年之前做股票还能玩玩,好像是2007年之后吧,中国的金融投资品种越来越多,有杠杆的,T+0的,双向获利的,稳健收益的。各种各样的投资品种适合不同的投资环境,一些大的机构和投资者选择的余地大了很多,但有很多股民,眼睛里就只有股票这一个投资品种,可以说,已经很过时了,
是股票过时了么?不是,现在可以做股指期货了,可以做融资融券了,大的投资者和机构实现了股票的T+0,实现了股票的双向获利。而散户还在苦苦等待这指数的上涨,肯定亏损啊。
以前的时候经常有人说,或者报纸上报道过,一个股票看,拿了10年,结果翻了还几十倍的事,现在来看,这事确实存在,但并不普遍,中国股票想要拿长线,也要找好经济周期,地点近,高点出,一直拿着,不行的,为什么,因为中国股票的PE偏高,也就是泡沫偏高,下跌的空间就很大,所以长时间拿着不一定盈利,如果赶上经济周期不好,入场的时间不好,亏损的更多。
现在如果想要在我国投资理财,还真的好好选择下投资的品种,根据当前的经济环境,根据你的风险厌恶程度,根据你的资金量。会有很多投资品种供你选择,如果眼里还是只有股票,只能说,你没有跟上中国金融行业的发展,你过时了,必被淘汰。
『伍』 股票是如何交易方式是什么
你好,转让股票进行买卖的方法和形式称为交易方式,它是股票流通交易的基本环节。现代股票流通市场的买卖交易方式种类繁多,从不同的角度可以分为以下三类:
(1)议价买卖和竞价买卖
从买卖双方决定价格的不同,分为议价买卖和竞价买卖。议价买卖就是买方和卖方一对一地面谈,通过讨价还价达成买卖交易。它是场外交易中常用的方式。一般在股票上不了市、交易量少,需要保密或为了节省佣金等情况下采用。竞价买卖是指买卖双方都是由若干人组成的群体,双方公开进行双向竞争的交易,即交易不仅在买卖双方之间有出价和要价的竞争,而且在买者群体和卖者群体内部也存在着激烈的竞争,最后在买方出价最高者和卖方要价最低者之间成交。在这种双方竞争中,买方可以自由地选择卖方,卖方也可以自由地选择买方,使交易比较公平,产生的价格也比较合理。竞价买卖是证券交易所中买卖股票的主要方式。
(2)直接交易和间接交易
按达成交易的方式不同,分为直接交易和间接交易。直接交易是买卖双方直接洽谈,股票也由买卖双方自行清算交割,在整个交易过程中不涉及任何中介的交易方式。场外交易绝大部分是直接交易。间接交易是买卖双方不直接见面和联系,而是委托中介人进行股票买卖的交易方式。证券交易所中的经纪人制度,就是典型的间接交易。
(3)现货交易和期货交易
按交割期限不同,分为现货交易和期货交易。现货交易是指股票买卖成交以后,马上办理交割清算手续,当场钱货两清,期货交易则是股票成交后按合同中规定的价格、数量,过若干时期再进行交割清算的交易方式。