Today is the first day of the opening of the A-share Year of the Dragon.
It's off to a good start. The broad-based index rose, and the most eye-catching was the micro-cap index, **637%。
If there is a great cold, there will be a great heat.
Why is it expected that it is off to a good start?
First, the decline in these stages of the year ago was too fast and too miserable. In particular, the micro-cap index has halved in one month. The constituent stocks are even more miserable.
Second, in the last few trading days of the year, the village chief was changed, and the vigorous stretching index of the village's real gold ** was superimposed, from CSI 300, to CSI 500, CSI 1000, and CSI 2000, gradually tilting from ** stocks to small-cap stocks.
Third, there is a strategy for A-shares, calledHoliday policy。According to more than 20 years of statistics, after the end of the holiday, red plates are the majority. The main reason is that the hedging funds will sell short positions before the long holiday, and buy back to open positions after the long holiday, which has contributed a lot of strength.
I also made two transactions today, the first one was that 10,000 yuan of financial management expired, transferred to the **account, and spread the pie** someHigh turnover, a sharp drop in the early stage, and a positive return at maturityof convertible bonds.
I have 50 of themGrid Condition Sheetto capture gains that fluctuate by plus or minus 5%. Some time ago, the market plummeted, there was no cash to make up the position, and the condition list was like 50 children, with their mouths open, waiting to be fed, looking for me money.
Now the funds are replenished and used up in a few minutes.
The second one, doneThe ** subscription arbitrage of the Indian LOF。The discount and premium arbitrage of LOF** in the field is a low-risk old craft.
Today, the Indian LOF premium is 6%, the market subscribes, and the market price is sold 3 days later, and you can get the 6% difference income.
To do premium arbitrage, the risk point is that you need to bear the fluctuations of the first few days before the account arrives. If there are more arbitrageurs participating at the same time, especially large funds, the premium will be quickly wiped out, and the arbitrage may end in failure.
Fortunately, this Indian LOF has a subscription limit, and the single number limit is 100, so there is no advantage for big funds. If it goes well, the money for the lunch box is there.
There is also a point to note, the brokerage fee of the choice is requiredFree 5, otherwise the money earned is not enough for the fee.
After talking about the premium, let's talk about the discount. The discount arbitrage in the market is the market price of **, which is lower than the net value. When there is a high discount, yesOn-site*** and then redeem**, you can eat this discount.
The current **, after not holding it for 7 days, there will be a punitive high redemption fee if you redeem it, 15%。Therefore, the discount on the market must be greater than 2% to have room for arbitrage.
Missed an opportunity today, at noon, someone said that the CSI 2000 ETF was discounted by 4%. The threshold for ETF subscription or redemption is still relatively high, and I can't reach the minimum amount required, so I ignored the news at the time.
It was only at night that I came to my senses. The discount in the market will inevitably converge。Because there are arbitrageurs moving bricks at both ends until the discount disappears. So,When the discount is high, it is a good strategy to wait for the discount to converge and sell.
In the evening, I saw that someone in the group posted a trading order, and at noon, the CSI 2000 ETF was sold, and it was sold in the afternoon, with a profit of 2%. That's what you get a discount. If the index is **, then this discount will also contribute a 2% safety cushion.
Overall, the benefits outweigh the risks.
Missed this opportunity.