Core Insights - The key to success in the trading competition for Chengdu Kaipule Asset Management Co., Ltd. was not precise predictions but the inherent advantages of an institutional trend-following system [1][2] - The best-performing strategy this year was index arbitrage, focusing on long positions in the CSI 500 and CSI 1000 indices while shorting the SSE 50 index [2] Strategy and Performance - The trading strategy was designed to capture the upward trend in the A-share market while providing effective risk hedging [2] - The approach involved a systematic analysis of macroeconomic cycles, identifying benefiting or adversely affected asset classes, and continuously tracking key data [2][4] - The transition from subjective prediction to systematic trend-following has led to significant improvements in trading performance [4] Risk Management - Emphasis on stop-loss mechanisms as a critical aspect of trading, including hard stop-loss orders and proactive exit strategies when market movements deviate from expectations [6] - The importance of capital management, including profit withdrawal to reset risk levels and a "anti-fragile" system design to safeguard profits during extreme market conditions [6] - Position management strategies include calculating position sizes based on maximum risk exposure and adjusting positions based on market changes [6] Personal Development and Philosophy - The trading journey has been characterized by exploration, setbacks, and transformation, leading to a refined trading philosophy [3][5] - The trader's unique emotional management approach focuses on allowing emotions to be managed through a behavioral system rather than confronting them directly [5] - The recognition of trading as a form of self-discovery, where understanding personal emotions like greed and fear contributes to long-term growth [6]

Group 1: Trading Philosophy and Strategies - The essence of trading is risk control, with profits being a byproduct of effective risk management [2] - Successful trading requires a shift from purely technical analysis to understanding supply and demand dynamics [4] - A clear self-positioning and understanding of competition rules contributed to the success in the trading competition [4] Group 2: Trading Complexity and Simplicity - Trading is both complex and simple; complexity arises from the need to counteract human instincts like greed and fear, while simplicity comes from having a mature trading logic [5] - The ability to reflect on personal trading behavior through external narratives, such as films, aids in maintaining a clear mindset [5] Group 3: Trend Following and Risk Management - The key to success in trading competitions lies in a systematic trend-following approach rather than precise predictions [8] - A diversified investment portfolio is crucial for achieving performance, with a focus on macroeconomic cycles and liquidity [8][10] - Risk management is paramount, with strict stop-loss measures and proactive exit strategies being essential components of trading [12]