靠网格交易薅市场波动的羊毛？小心它悄悄偷走你的牛市收益

Group 1 - The article discusses the increasing popularity of "grid trading" as a strategy during market volatility, viewed as a "worry-free tool" for achieving low buy and high sell automatically, thereby enhancing returns [3][10] - Grid trading is defined as an automated trading strategy based on market price fluctuations, where funds are divided into several parts and a price range is predetermined, creating a "price grid" [4][6] - The strategy involves buying assets when prices drop to a certain level and selling when prices rise, aiming to profit from the price differences through repeated transactions [5][9] Group 2 - The article highlights the limitations of grid trading, particularly its ineffectiveness in trending markets, whether upward or downward [14][26] - An example using the CSI 300 ETF illustrates that a direct investment would yield a cumulative return of 84.47%, while grid trading resulted in only 41.89% after transaction costs [18][21] - The reasons for the performance gap include the risk of "selling out" during upward trends, low capital utilization due to the need to keep funds available for buying, and significant transaction costs associated with frequent trading [21][24][22] Group 3 - The article emphasizes that grid trading sacrifices long-term compounding benefits for short-term arbitrage opportunities, making it unsuitable for long-term wealth accumulation [39][47] - It argues that the fundamental logic of long-term investing is to hold quality assets to share in societal wealth growth, which contradicts the price fluctuation assumptions of grid trading [29][30] - Historical data shows that markets, including the A-share market, have a long-term upward trend, reinforcing the idea that holding assets is more beneficial than frequent trading [34][35] Group 4 - The article points out the challenges of timing the market, as distinguishing between a trending and a ranging market is often only clear in hindsight, making it difficult for most investors [41][44] - Successful grid trading requires a deep understanding of market parameters, such as grid spacing and price ranges, which can be complex for average investors [42][43] - The article concludes that while grid trading can be effective in short-term volatile markets, it is not a viable long-term wealth management strategy [46][47]