Various Investment Methods
This is a personal note of the Monthly Stock Talk (I did not make any written notes during the meeting) prepared on August 29, 2004. The following summary can be a heavily filtered result. So if you want to get the real essence of one's experience, you might have to talk to that person directly.
Five of us attended our monthly stock talk (last Saturday every month) yesterday in a quiet Plano library conference room. We all shared our trading experience. Some of the points are leaving marks in my memory cells.
Brian Zeng encourages us to take more risks in order to win bigger rewards. He summarized his trading experience by comparing trading methods with military strategies. He said something more or less like this. A war ship should either move forward or backward in a battlefield, but it can never stop in one place. Otherwise, its opponents will destroy this war ship soon. Trading stocks or futures is just like operating a war ship.
Jianhua SU this time shared with us his constant trading strategies. His trading goal is to make 1% gain per week. His computerized trading strategy is producing steady performance, which is almost half way towards his goal. He is constantly updating his model to improve its operating efficiency. He also compared two major trading results. One is to make many small losses but with small number of gains exceedingly large. Another one is to make many small gains but with limited number of big losses. He has found out that either strategy can work eventually in practice. But personally he prefers the third strategy, which controls gains or losses more or less symmetrically.
Chen DING shared with us his experience with his self-developed computer models. In some time periods (by back-testing the numerical models with historical data) his computer models work wonderfully. Tested performance can exceed several hundred percent annually. But in other time periods, his models may refuse to work properly. He is looking ways to improve his models.
Rujing TANG prefers an academic approach to market analysis. He recently passed the CFA tests. Now our stock group has one real professional among us.
Chris reiterated his balanced approach to achieve a moderate growth of capital (approximately 1% per month over a long period of time).
We have also discussed topics such as energy and oil price. No consensus is reached as far as the future movements of oil price.
Five of us attended our monthly stock talk (last Saturday every month) yesterday in a quiet Plano library conference room. We all shared our trading experience. Some of the points are leaving marks in my memory cells.
Brian Zeng encourages us to take more risks in order to win bigger rewards. He summarized his trading experience by comparing trading methods with military strategies. He said something more or less like this. A war ship should either move forward or backward in a battlefield, but it can never stop in one place. Otherwise, its opponents will destroy this war ship soon. Trading stocks or futures is just like operating a war ship.
Jianhua SU this time shared with us his constant trading strategies. His trading goal is to make 1% gain per week. His computerized trading strategy is producing steady performance, which is almost half way towards his goal. He is constantly updating his model to improve its operating efficiency. He also compared two major trading results. One is to make many small losses but with small number of gains exceedingly large. Another one is to make many small gains but with limited number of big losses. He has found out that either strategy can work eventually in practice. But personally he prefers the third strategy, which controls gains or losses more or less symmetrically.
Chen DING shared with us his experience with his self-developed computer models. In some time periods (by back-testing the numerical models with historical data) his computer models work wonderfully. Tested performance can exceed several hundred percent annually. But in other time periods, his models may refuse to work properly. He is looking ways to improve his models.
Rujing TANG prefers an academic approach to market analysis. He recently passed the CFA tests. Now our stock group has one real professional among us.
Chris reiterated his balanced approach to achieve a moderate growth of capital (approximately 1% per month over a long period of time).
We have also discussed topics such as energy and oil price. No consensus is reached as far as the future movements of oil price.
posted by Unknown at 10:17 PM
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