周末了，大家能讨论一下资金的分配吗？

randomwalker

纵观胡同各位高手，大多做DT, 也有些做Swing Trading.

大家都是现金过夜吗？

我看到Greenback 老大有基金。不知道其他老大都怎么管理现金？

想和大家讨论帐号里的现金在不trading 的时候park 在什么地方？

如果只是DT，每天都现金过夜或周末，好像也不太好。前几年放Gold里还不错哦，

有没有好的办法？

ctcld

401K 账户        Mf
Ira 账户            中长期股票，ETF
现金Broker账户  中短期股票，ETF，Mf

CTCLD Fund      Dt，St

randomwalker

ctcld 发表于 2013-4-19 10:31 PM
401K 账户        Mf
Ira 账户            中长期股票，ETF
现金Broker账户  中短期股票，ETF，Mf

什么是MF?

wsjboy

MF: Mutual Fund

randomwalker

wsjboy 发表于 2013-4-19 10:41 PM
MF: Mutual Fund

谢谢！

Kami

不交易的时候，就是现金过夜啊。

有什么问题吗？为什么非要将现金投到一个什么东东里才安心？除非银行倒闭或者通胀严重，否则现金为王。

没有交易机会的时候，就把钱park在股票帐户里的cash account (有时叫margin account)。一般还可以有一丁点的利息。

randomwalker

Kami 发表于 2013-4-20 01:11 AM
不交易的时候，就是现金过夜啊。

有什么问题吗？为什么非要将现金投到一个什么东东里才安心？除非银行倒 ...

IB好像没有利息。DT不用资金，一直是现金觉得有点浪费。

Kami

randomwalker 发表于 2013-4-20 10:15 AM
IB好像没有利息。DT不用资金，一直是现金觉得有点浪费。

现在利率那么低，通胀也那么低，实在没必要为了在哪短期park cash而费脑子。任何比较安全的去处的回报都少得可以归零。有这功夫，好好研究一下下一个入点多的都赚了。除了直接留现金，任何其他的倒腾都会又费时（由于trade settlement的原因还可能影响进出的时间）又费钱（有交易成本和潜在市场风险）。

如果从股票上出来了，一两年都不想再入市才可以考虑一下别的产品。只park几天，几个星期，哪怕几个月都没必要折腾。

greenback

This is how I am managing my trading accounts. Note that I strictly trade futures so the situation is a bit different if you use other instruments.

1. For each year, I preset a hard maximum amount that is dedicated for trading. I further split this amount between two brokerage firms, i.e. IB and TOS, to spread out the risk of failing brokerage firms. (It happened again some time last year!) This money, for us, can be absolutely lost 100%, and our life still goes on 100% unaffected, i.e. treat your trading effort as a small business. This is important to keep your sanity in trading.

Next I transfer my profit out of the trading accounts whenever each of them reaches the 5% profit target. I do so even if I mostly use the trend following method, i.e. I still hold my positions while transferring money out. I find this is another great method to keep my sanity and make it much easier for me to commit to my often long trend following trades.

2. Margin requirements and Positions: I never ever use full margin for futures since I hold my futures positions in days to weeks so the fluctuation is large and the stop loss is large too. I also set a maximum no. of position per account according to the preset account balance. Next I only hold 1/2 position in the trend following method. The other 1/2 is only deployed when there is a major swing coming and it will be quickly closed. Of course stop loss is set accordingly for both trades.

3. What about the trading profit? I have yet another cash brokerage account where I only hold income generating funds. I use PONDX and PTTDX to generate dividend due to the low interest rate of money market funds. These are basically hedge funds for bonds and are designed for orphans and widows so you can certainly sleep over them and don't need to worry about losing capital. Of course, PONDX is still a bit riskier and I use it because FED is still buying mortgage, which is over 90% of the PONDX holding. I may close it when the FED starts to change their policy.

Finally you apparently has a checking account for daily use.

wsjboy

greenback 发表于 2013-4-20 12:17 PM
This is how I am managing my trading accounts. Note that I strictly trade futures so the situation i ...

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