学会取舍 只做看得懂的行情

Core Insights - Liu Taibao achieved second place in the non-ferrous metals group of the 19th National Futures (Options) Real Trading Competition, leveraging his part-time trading of copper put options while working on short film scripts [1] Group 1: Trading Strategy - Liu's initial exposure to options trading began in 2019 when he helped a friend manage inventory in the non-ferrous trade, leading to an interest in using put options to hedge against falling copper prices [2] - A pivotal moment in Liu's trading career came in 2025 when he simplified his trading strategy by focusing solely on copper, which significantly improved his trading success rate [2] - Liu's winning trade in the competition was based on a supply-demand analysis, where he identified an oversupply situation in copper and combined it with technical signals to decide on buying put options [2][3] Group 2: Trading Philosophy - Liu emphasizes a trading philosophy of "not being greedy" and focusing on small, understandable profits, which he developed after experiencing significant losses [4] - His trading logic is grounded in two main principles: the importance of supply-demand dynamics in determining copper prices and the necessity of risk control before pursuing profits [4] - Liu has adapted his trading routine to fit his schedule, dedicating specific times for market analysis without interfering with his film production work [4] Group 3: Risk Management - Risk control is a fundamental rule in Liu's trading approach, employing a "logical stop-loss" strategy to exit positions when supply-demand logic changes, regardless of the financial loss incurred [5] - Liu follows strict money management rules, allocating 90% of trading profits to his film fund and limiting his trading capital to a small percentage of his total funds [5] - He adheres to a "10% principle" for position sizing, ensuring that no more than 10% of his spare cash is invested in options and that initial positions are kept small to manage risk effectively [5]