专访高净值组第六名王然 "今年得知比赛结果时，情绪上并没有太大波动。"从全国期货实盘赛高净值组中脱颖而出的交易者王然 告诉期货日报记者。也许是多年的交易生涯早已磨平了情绪的棱角，但在期货这个被数字和图表充斥的 世界里，这仍是一份迟来的告慰。"当时很想能够和另外一个世界的父亲分享这个消息。"他坦言。 在比赛中，他主要选择黄金、白银和豆粕这三个品种。"黄金、白银走的是宏观经济、地缘政治逻辑， 波段周期长、趋势明显，易于把握。"而选择豆粕，则源于他过去在农产品现货交易中心的工作经历， 对农产品价格波动有深入了解。 成长之路 王然的交易生涯并非一帆风顺。大学毕业后，他就职于国内一家商品现货交易中心，首次接触类似期货 的交易机制。他记忆中最早的风险教育是"穿仓"——亏完本金。 而真正的重击来自2008年的豆油行情。"账户资金从十倍收益到断臂求生。"王然回忆道，"这段经历让 我深刻地认识到了物极必反的道理。" 在迷茫期，两件事改变了他的交易路径。一是读了傅海棠老师的《一个农民的亿万传奇》。他说，这本 书让他认识到普通人在期货市场也有成功的可能，他的交易风格也从技术分析转向基本面分析，重拾了 做交易的信心。二是认真学习了巴 ...

Core Insights - The interview highlights the success of He Ran, who won the championship in the hedging arbitrage group of the national futures (options) trading competition, emphasizing the importance of adhering to one's trading strategy despite market fluctuations [1] Group 1: Trading Philosophy and Strategy - He Ran attributes his success to the principle of "sticking to one's strategy," which helped him navigate through significant profit drawdowns and periods without gains during the competition [1] - His trading approach focuses on swing trading and arbitrage, primarily utilizing cross-commodity arbitrage in stock index futures and hedging arbitrage in options, capitalizing on the considerable profit potential in a volatile market [1] Group 2: Risk Management and Emotional Control - He Ran has established clear trading principles, using K-line breakthroughs as critical references for opening positions, stop-loss, and take-profit decisions [2] - He emphasizes strict adherence to stop-loss rules, such as a maximum loss of 0.5% per trade and a daily drawdown limit of 3%, which he believes is essential for protecting capital [2] - He Ran acknowledges the impact of emotions like anxiety, greed, and fear on trading decisions and advises distancing oneself from the market during negative emotional states to avoid larger losses [2] Group 3: Future Outlook and Advice for New Traders - He Ran views his recent competition success as a new starting point, focusing on strategy optimization rather than short-term rankings, aiming for long-term stable profits [2] - He offers practical advice for novice traders, recommending starting with simulated trading to achieve stable profits before transitioning to real trading with small capital, while prioritizing capital protection [2]

Core Insights - The article highlights the success of Yu Daohuan, who won first place in the non-ferrous metals group at the 19th National Futures (Options) Trading Competition, emphasizing the importance of experience and strategic trading systems [1] Trading Strategy - Yu Daohuan's success is attributed to his "sniper trading" system, which focuses on waiting for high-certainty opportunities and executing trades decisively while managing risk through pre-set stop-loss amounts [1][2] - The primary trading commodity chosen was alumina, selected for its familiarity, liquidity, and strong trends, allowing for a solid foundation for the trading system [1] - The trading strategy relies solely on price action, avoiding fundamental analysis and technical indicators, and incorporates principles of market sentiment and key factor analysis to ensure high-certainty entry points [1][2] Risk Management - Strict risk control is emphasized, with a focus on stop-loss as a lifeline for trading, and the establishment of an independent risk control system [2] - The static aspect includes pre-defined rules, no holding positions without stop-loss, and diversification across low-correlated assets, while the dynamic aspect ensures that trading scale matches team profitability [2] - The importance of precise execution of strategies and understanding of rules was highlighted after a near miss of an award due to not meeting transaction volume requirements [2] Emotional Management - Emotional management in trading is divided into two levels: systematic stop-loss to manage anxiety and philosophical acceptance of market volatility [3] - The belief that every outcome in trading is either a profit or a learning experience is reinforced by philosophical insights from historical figures [3] Future Outlook - The company maintains that while the market is ever-changing, the core beliefs about trading and respect for the market will remain constant, with a commitment to the principle of "survivors are kings" in future trading endeavors [3]

你是不是也遇到过这样的糟心事？想租个房，要么价格高得离谱，要么地段好的房子常年挂着"已出 租"的牌子，明明空着，就是不租出来。你是不是也在心里默默骂过："这房东真黑心，宁可空着浪费， 也不肯便宜点租给我！" 出租不是"躺赚"，而是"开盲盒"，风险你担不起 在很多人眼里，当房东就是"躺赚"的代名词。每个月等着收租金，然后就可以去旅游、去消费，日子过 得美滋滋。我告诉你，这都是童话故事。真实的房东生活，更像是每个月开一个"盲盒"，你永远不知道 如果我今天告诉你，他们选择让房子空着，背后藏着一把把辛酸泪和一笔笔算不明白的账，你信吗？别 急着反驳，今天，我就以一个"老房东"的身份，给你掰开了、揉碎了，算一笔最真实的账。看完你就明 白了，为什么"宁空不租"不是任性，而是当下最无奈、也最理性的选择。 最后算第三笔账：精力账。当房东，就是一份24小时待命的"兼职"！ 你以为收完租就没事了？不，你的"工作"才刚刚开始。半夜三点，你睡得正香，租客一个电话打过 来："房东，马桶堵了！""房东，没热水了！"你得立马爬起来，找师傅，或者自己上手解决。租客因为 噪音跟邻居吵架了，你得去当"金牌调解员"；租客之间有矛盾了，你还得去当"和 ...

Core Insights - The article discusses the structure and key themes of "The Stock Wizard" series, emphasizing the importance of a comprehensive investment system rather than focusing solely on technical analysis or timing strategies [1] Group 1: First Volume Overview - The first volume begins with the author's personal journey, highlighting a six-year struggle before embracing a specific investment philosophy [1] - It covers speculative frameworks, the SEPA model, and trend templates, providing foundational knowledge for investors [1] - The volume also discusses fundamental analysis, characteristics of growth companies, financial metrics, and stock selection [1] - Additionally, it addresses chart analysis, patterns, and timing techniques, culminating in a focus on risk management [1] Group 2: Second Volume Overview - The second volume continues from the first, starting with the author's mindset and personal experiences [1] - It delves deeper into risk and position control, which is intricately linked to timing strategies, making it a complex topic [1] - The volume revisits chart analysis, patterns, and timing techniques, reinforcing the importance of these skills [1] - It concludes with an interview that further explores the author's mindset, emphasizing the significance of belief in the investment system [1]

大赛期间，焦煤期货价格5月底创年内新低，随后反弹站上10日均线，此时他开仓买入了1手多头合约， 并且设之前的最低价为止损价。随着行情上涨，他并未急于重仓，而是一手一手地加仓。即便加仓导致 持仓成本上升，他也会同步调整止损点。"加仓后虽然持仓成本增加，但我会把止损点抬升到我的成本 线之上，这样就能确保不亏。至于能赚多少，就看后面的行情走势了。"通过这种步步为营的操作，他 稳稳抓住了此轮大涨行情。 "巴菲特有两条投资准则：第一条，不要亏钱；第二条，永远不要忘记第一条。"为了践行这一理念，他 为期货投资设定了严格的资金边界：每年在期货账户里投入的资金，必须小于持有债券每年产生的利 息。这意味着，即便期货投资出现亏损，也不会影响整体资产的安全性，从根源上守住了"不亏钱"的底 线。 在期货操作中，贺金宝同样将安全准则贯彻到底。"每次开仓买入某个品种之前，我要寻找到安全边 际，要在更低的价格买入。"为了实现这一目标，他摸索出了独特的操作方式："我会去卖出该品种近期 的虚值认沽期权。这样一来，如果该品种跌下来了，我就可以以低价行权买入；如果该品种一直涨，我 也不亏，最起码能挣到期权的保证金收入。在期货市场，首先要保证不亏， ...

Core Insights - The article highlights the success of Wang Zhini in the competitive futures trading market, emphasizing her unique trading philosophy of ensuring she remains "invincible" while navigating market complexities [1] Background and Experience - Wang Zhini comes from a financial family and initially faced significant losses in commodity futures trading, which led to a transformation in her trading system [2] - A pivotal change occurred in 2021 when she shifted her focus from commodity futures to stock index futures, benefiting from the real-time updates and historical data available for analysis [2] Trading Strategy and Philosophy - Wang Zhini's trading style is characterized by a focus on stock index futures, relying on pure technical analysis and favoring one-sided trades with daily wave operations [3] - She identifies that bear markets tend to be smoother due to passive declines, while bull markets require more careful navigation due to their inherent volatility [3] - Risk management is a cornerstone of her strategy, with an emphasis on strict stop-loss controls to mitigate potential losses [3] Emotional Management and Execution - Wang Zhini has developed a core trading philosophy that prioritizes remaining "invincible" before seeking profits, emphasizing the importance of recognizing identifiable opportunities [4] - She avoids emotional trading by not constantly monitoring the market, instead focusing on post-trade analysis to maintain a clear perspective on market trends [4] - Her understanding of human emotions in trading allows her to separate execution issues from technical problems, thereby minimizing emotional interference [4] Market Understanding and Adaptability - Wang Zhini believes that market prices are the result of competitive dynamics and that higher participation levels enhance the significance of support and resistance levels [4] - She asserts that market predictions are not feasible; instead, traders should adapt to ongoing market changes through continuous analysis of price movements [4]

当市场的不确定性成为新常态，那些能够与之共舞、及时调整步伐的交易模式，便自然成为了投资者目光汇聚 的焦点。其中，现货黄金T+0即时交易机制凭借其高效灵活的特点，为投资者在现代黄金市场中把握机会、管 理风险提供了强有力的工具。 2025-11-11 17:30:17 作者：狼叫兽 在当前全球金融市场联动性持续增强的背景下，现货黄金价格的波动频率与幅度显著提升，传统的交易机制因 其滞后性已难以完全适应快速变化的市场节奏。 这种"资金不闲置、风险可把控"的特性，让短线博弈者能灵活切换交易标的，长线布局者也可通过部分仓位的 日内调整优化持仓结构，实现不同投资策略的高效落地。 在现货黄金投资领域，对T+0机制的娴熟运用，已不仅仅是交易技巧的体现，更是一种关于资金调度与风险控 制的大智慧。 万洲金业通过T+0即时交易机制，为投资者提供了兼具灵活性与安全性的交易解决方案，无论是追求短期价差 的短线交易者，还是着眼长期配置的长线投资者，都能在波动市场中从容调整策略，稳步推进投资目标。选择 合规平台与高效交易机制相结合的投资方式，已成为现货黄金市场的理性选择。 现货黄金的T+0交易机制，其核心魅力在于赋予投资者高度的操作自主性 ...

Core Insights - Liu Lin achieved the fifth place in the lightweight group of the 19th National Futures (Options) Live Trading Competition, showcasing a unique trading style and robust risk management [1] Group 1: Trading Strategy - Liu Lin focuses on popular trading products such as polysilicon, CSI 1000, and gold, believing that identifying leading products and trends increases the probability of profit [2] - His trading strategy is primarily based on market volatility, emphasizing that as long as there is market fluctuation, there is room for options trading [2] - Liu Lin employs an intraday short-term strategy, primarily engaging in buying positions and avoiding overnight trades, aligning his strategy with his personal trading style [2][3] Group 2: Risk Management - Liu Lin's trading career began with ETF options, and he transitioned to commodity options after experiencing a lack of market activity, accumulating about one year of trading experience [3] - He emphasizes the importance of strict position management and timely stop-loss measures to control drawdowns, which he views as essential for long-term success [3] - His trading philosophy includes a short holding period and profiting from volatility, with a strong focus on the necessity of stop-loss strategies to prevent significant losses [3] Group 3: Future Outlook - Liu Lin views his competition results as a new starting point and plans to further optimize his intraday short-term strategy while monitoring potential market opportunities from 2025 to 2026 [4] - He highlights the significance of policy changes and market sentiment fluctuations as key factors that will create more trading opportunities [4] - Liu Lin advises traders to experiment with various strategies to find their personal trading style and to prioritize profit-taking to build trading confidence [4]

Core Insights - The article highlights the success of Xia Hui, who secured the fifth position in the 12th Global Derivatives Trading Competition, emphasizing his strategic focus on silver market trends and macroeconomic factors [1][2] Group 1: Trading Strategy - Xia Hui's key to success was his ability to identify the upward trend in silver prices, driven by the continued loose monetary policies of major global economies [1] - He employs a "subjective long-term trend trading" strategy, relying on in-depth research and long-term tracking of the fundamentals of the commodities he trades [1] - The philosophy of "only investing in what one truly understands" is central to his trading approach, which helps in managing emotions and controlling risks effectively [1] Group 2: Risk Management - Strict adherence to risk control principles is emphasized, including immediate stop-loss actions upon recognizing errors in analysis and exiting positions when losses threaten account viability [2] - Preserving capital is deemed essential for seizing future opportunities in trading [2] Group 3: Future Outlook - Xia Hui views the recent competition as a new starting point, with plans to launch private equity products aimed at achieving long-term stable returns [2] - He anticipates potential systemic risks in the global macroeconomic landscape by 2026, suggesting that risk assets may present good short-selling opportunities [2] - A message to novice traders stresses the importance of continuous learning and systematic research to enhance success in the futures market [2]