On the 4th, Tuesday, Thanksgiving Investment.

Hearing Wang Nuo's decision, Yuan Rongxin and Ye Yaohua were really a little dumbfounded.

At present, the stock market is rising, that is to say, Wang Nuo believes that the high is coming, and it is a posture that the strong are getting stronger and the weak are weaker to resist pressure and turn down, which is not a conclusion, but a systematic analysis direction.

"If you think the market will go up, why don't you enter the market now and go long? Why don't you hold a position in the early stage? We gave up the profit margin in the early stage in order to just wait for the opportunity to short?"

Short IC? Yes, but short always have to be high.

Since you think there is a high position, why not enter the position in the early stage? This is a contradictory way of operation!

Wang Nuo is also quite helpless, what he has cut off with an honest pen is a variable of structural adjustment, the market is not moving, where can he see the structural adjustment? Yesterday, December 3, was the first trading day of December.

And not only the market has to move, but it is also best to move like the flowers and branches, the more frequent and vigorous the up and down, the greater Wang Nuo's operating space.

As for Yuan Rongxin's incomprehension...... Wang Nuo really couldn't answer.

Objectively speaking, Wang Nuo knows that his waiting since late November is to lose the correct plan given by Yuan Rongxin, which is a mistake, but this is also the price of waiting.

"If you want to short IC, that is to say, Arnold, you are at least bearish on the market, should you close the position of the charity foundation?" Ye Yaohua also asked.

"Now it's time to make amends, Brother Xin's analysis, short-term and the market are in line, hold it first. Wang Nuo sighed before explaining to Yuan Rongxin: "It wasn't until last night that I was sure that there would be an increase. ”

"So?" Yuan Rongxin still didn't know what Wang Nuo was thinking.

"I don't have a high grasp of the short-term ups and downs in the early stage, but as long as it has a corresponding amplitude of shocks, my grasp of the future market will become stronger and stronger. Wang Nuo explained.

"What are you analyzing?" Ye Yaohua faintly grasped something.

"I use alpha as a core factor. Wang Nuo confirmed this matter.

There are countless factors in the field of financial analysis, and every time Wang Nuo takes an honest pen to cut out the variables, it can be directly used as the core factor, and the alpha value is indeed the more volatile the market, the more useful it is.

Merely...... Ye Yaohua was speechless for a moment, he still remembered that Wang Nuo used OBV as the core factor at the beginning, and later used several other basic indicators, and now he ...... The special one was changed again.

A mature analyst must be very familiar with a certain indicator, it can be said that he is a guy who eats, for example, Zhou Minghai is actually a strategic analyst, and his analysis ability on the data side is generally good, which has created his identity as a chief analyst.

Yuan Rongxin is a macro strategy analyst, what he is best at is strategy analysis, Ye Yaohua is very sensitive to indicators related to quantity and energy, this is the guy he eats, Wang Nuo is equal to...... I've used all the knives, guns and sticks, and I can't see what I'm good at yet, but he wins every time, does he want to be a martial arts master?

"I see. As long as Ye Yaohua hears which indicator Wang Nuo feels he has the greatest grasp, he will understand the general operation style, and the alpha value is ...... That's a lot of fun.

There are no less than ten kinds of quantitative hedging models extended from the alpha value alone, which does not restart, but as long as it is accurate, it has a high degree of certainty over the results of the general trend.

It's like Wang Nuo doesn't go to the opening at all, but what he knows is that no matter how the market changes, the structure is still that structure, and he is a structural operation.

Now short selling IC, the next thing may be to buy IH, IF, or even turn around and come back to direct margin trading, he looks at the structure, not a simple result.

From the structural adjustment, we can deduce the direction of the ending, so to speak, after the flat period of the beginning, if the market gives corresponding feedback, Wang Nuo will continue to adjust.

In one sentence, it is: I will not move if the enemy does not move, and I will move first when the enemy moves.

"I still think that in this case, the rally can be determined, and it is better to short IC than to operate quantitatively, and take IF out to hedge profits......" Yuan Rongxin gave his opinion helplessly.

"The winning chance of quantitative hedging is not big, and it is ......" Wang Nuo clearly rejected this method: "The space is too small, the capital is small, and the operation method with narrow space cannot be adopted." ”

"So we want to compress our positions in the short term?" Ye Yaohua asked, taking advantage of the situation.

"That's right, the ten-day moving average is about to be broken, I agree with Brother Yuan's analysis, this wave of rise may touch 3600, and it will take time for our funds to be converted between the domestic exchange and the World Financial Exchange platform, so emptying the domestic account, transferring to the World Financial Exchange platform, and waiting for the opportunity that should appear is what I hope to do. Wang Nuo explained a few words again.

The domestic stock index futures are the castrated version, and the trading platform on the side of the World Financial Exchange is the normal version, and the domestic funds and the funds of the World Financial Exchange are two different things.

It is equivalent to speculating in foreign exchange, your funds are out of the country, and it takes time to get in and out, which is the helpless point of China's financial regulators.

People don't play on your turf, what do you care?

Moreover, this is also one of the things that is forcing the evolution of China's financial system, and it is impossible for my stock market system to continue the situation of hedging at home and abroad in the end.

It is a messy platform system for outsiders, but for Wang Nuo and other people in the industry, it is similar to visiting a supermarket.

Thanks to the credibility of the World Financial Exchange, there is no need to worry about the security of the money placed on the platform.

But these are all side stories, and the core is still ...... You have to analyze the right.

The next step in Wang Nuo's analysis is that "the market will appear at any time what he thinks is the high level of the IC index".

Will it go up? Will it go down?

If it doesn't go up, everything will be closed.

If it doesn't fall back after it rises, it will be even worse, and part of the profits that Yuan Rongxin thought existed in the early stage would be gone.

The core argument of Wang Nuo's trading method is: it will not necessarily rise, but if it rises, it will definitely fall.

On Tuesday, the Shanghai Stock Exchange closed at 3541, up more than 1%, and the CSI 500 closed at 6482, an increase over the Shanghai and Shenzhen indexes.

On the 5th, Wednesday, the market continued to fluctuate sideways, and the weight of blue chips dragged down the stock market, but the IC index, which is lighter in weight blue chips, rose slightly, breaking 6500, led by ordinary stocks, and stocks with alpha values greater than zero in December have maintained a range of 2500.

On Thursday, inflation.

On Friday, the long-awaited rally finally came, the Shanghai Stock Exchange Index touched 3,600 points, but it closed at the touch of a button, the weight of the blue chips has been half-dead, but the IC index began to return to the broader market index, quietly standing above 6,600 points.

However, the chaotic state of the financial market is beginning to become more and more obvious, and whether it is long or short, there is finally a good opportunity.