In ** investment, there are many crafts that are money-losing crafts, and the low-risk and large-return money-making techniques are still a few kinds of new stocks, new bonds, and arbitrage.
A few years ago, the premium was tens of percent, and at that time a tractor account was opened, and one account earned thousands of dollars. It's only been a few days*** and it's closed. Recently, India's ** often has a premium of more than 5 points, and this craft of hiding the bottom of the box can be re-emerged. Chicken thighs for several days in a row. Although a ** account is limited to 100 purchases, he is a drag six, has 2 ** vote accounts, and constantly bleeds in A and H shares, so he relies on India ** to return some blood.
QDII** is a kind of "listed open-ended**", which can be bought and sold in real time on the market according to the market, and can also be purchased and redeemed according to the net value on the market or outside the market. Therefore, QDII has both secondary market transactions (intraday real-time changes) and primary market net value (announced every day), and there will be arbitrage space when there is a deviation between the two.
QDII arbitrage is to sell from the low market and then to the high market to earn the difference. In layman's terms, it's like "moving bricks", selling bricks at a low price in one place, and then moving to another place to sell them, earning the difference in the middle. There are 2 types of arbitrage.
Premium arbitrage: When the on-site of Huabao Oil & Gas is higher than the net value, premium arbitrage can be carried out. The specific operation is: sell Huabao oil and gas ** in the market, and at the same time subscribe for the same share of Huabao oil and gas ** with net value outside the market. This allows you to earn the difference between the exchange** and the equity. The risk of premium arbitrage is that if the increase in the market** is less than the increase in the equity, then there will be a loss.
Discount arbitrage: When the on-site price of Huabao Oil & Gas is lower than the net value, discount arbitrage can be carried out. The specific operation is: at the low price of Huabao oil and gas ** in the market, and at the same time redeem the same share of Huabao oil and gas ** at the net value outside the market. This allows you to earn the difference between the exchange** and the equity. The risk of discount arbitrage is that if the decline in the market** is greater than the decline in equity, then there will be a loss.
Under normal circumstances, the oil and gas will fluctuate, and the oil and gas will fluctuate accordingly, which is the main risk of arbitrage. Since it takes 3 days from subscription to confirmation, in these 3 days, investors may lose money if the oil is confirmed. Therefore, many arbitrage investors will hold a bottom position, subscribe with one hand, and sell the same amount with the other. Although doing so may result in long-term arbitrage margins being lower than the loss of oil and gas**, there are still opportunities for profitability. It can also be subdivided into offensive arbitrage and defensive arbitrage:
Offensive Arbitrage:
How it works: Sell on the same day - Subscribe on the same day.
Operation instructions: Take the initiative, ignore the rise and fall of SPIOP and RMB at night, sell Huabao oil and gas ** in the market, and use the same funds to subscribe for the same amount in the market or in the market**. If the spsiop rises sharply in the evening, calculating that the net value of Huabao oil and gas increases more than the premium, or even a discount, then the arbitrage will fail, and even there will be a loss. If the spsiop falls sharply in the evening, the net value of Huabao Oil and Gas will fall, and the premium range can be expanded at this time to get more benefits.
Defensive Arbitrage:
How it works: subscribe on the same day - sell the next day.
Operation instructions: Passive attack, worried about the sharp rise of spsiop and the appreciation of the yuan at night, do not sell on the same day, only subscribe to the over-the-counter Huabao oil and gas**, and then sell on the market according to the situation after the opening of the next day. If the spsiop falls sharply in the evening, calculate the decline in the net value of Huabao oil and gas, at this time, the next day may also fall sharply, if you sell from the market again, compared with the ** sold yesterday, the premium has also been reduced, and even a discount, then the arbitrage will be less or loss. If the spsiop rises sharply at night, then it may also rise in the market the next day, and the increase will be relatively less when the premium is high.