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楼主 |
发表于 2012-11-28 10:12 AM
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Hkwave 发表于 2012-11-28 07:09 AM 
Your trading style is very interesting. I see you have 3 portfolios. And you trade a few ETF event ... Hkwave 发表于 2012-11-28 07:09 AM
Your trading style is very interesting. I see you have 3 portfolios. And you trade a few ETF eventhough they are correlated and going the same direction most of the time. What is the reason for this? Easier to apply risk management?
Hkwave - Most people believe that diversification is a good thing in managing portfolios, but I don't think that it has anything good except reducing risk. However, risk comes along with return, and an over-diversified portfolio does perform well because the stocks with positive alpha cancel out those with negative alpha. Also, since I am a TA purist, I don't reallly care anything about correlation or not as long as I manage the risk of each stock well. Furthermore, I prefer to trade ETFs instead of individual stock because ETFs have much less non-systematic risk than that of stocks.
What is the minimum fund for each of the 3 portfolios? How do you split them? Thanks.
I did not disclose the size of my portfolios, but you can see the weight of each stock. Each fund has its own target -
Big Troop targets on low risk long-term investment (1X ETF).
SAC Troop targets on medium risk short-term investment (3X ETF + individual stocks).
SOF Troop targets on high risk ultra-short-term trading (futures). |
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狗仔卡
发表于 2012-11-27 09:58 PM
发表于 2012-11-28 05:06 PM
