新手投资必须严格遵守的纪律

1
00:00:00,060 --> 00:00:02,839
最近美股发生了一次比较强的回调

2
00:00:02,839 --> 00:00:05,919
很多高波动股票跌得非常快

3
00:00:05,919 --> 00:00:09,000
有人看到某些股票的破权利金很高

4
00:00:09,000 --> 00:00:10,199
就跟着卖P

5
00:00:10,199 --> 00:00:12,099
结果股票继续大跌

6
00:00:12,099 --> 00:00:15,750
账户一下子承受了很大的压力

7
00:00:16,070 --> 00:00:21,289
这件事真正要反思的不是某一只股票到底会不会反弹

8
00:00:21,289 --> 00:00:24,609
也不是某一次期权交易到底对不对

9
00:00:24,609 --> 00:00:26,329
真正要反思的是

10
00:00:26,329 --> 00:00:29,010
很多新手还没有建立仓位系统

11
00:00:29,010 --> 00:00:32,500
就已经开始做期权卖方了

12
00:00:32,820 --> 00:00:37,450
期权卖方最危险的地方就在于它不是简单收租

13
00:00:37,450 --> 00:00:40,829
你卖port本质上就是提前答应市场

14
00:00:40,829 --> 00:00:43,109
如果股票跌到某个价格

15
00:00:43,109 --> 00:00:46,600
我愿意用这个价格买入100股

16
00:00:46,920 --> 00:00:50,659
所以你不能只看今天收了多少权利金

17
00:00:50,659 --> 00:00:52,320
你必须先问自己

18
00:00:52,320 --> 00:00:54,119
如果真的被迫买入

19
00:00:54,119 --> 00:00:56,670
我愿不愿意持有这只股票

20
00:00:56,670 --> 00:00:59,909
如果买入之后继续跌30%

21
00:00:59,909 --> 00:01:01,689
我能不能承受

22
00:01:01,689 --> 00:01:03,630
如果这笔交易出错

23
00:01:03,630 --> 00:01:06,650
会不会影响整个账户

24
00:01:07,040 --> 00:01:09,299
如果这些问题回答不清楚

25
00:01:09,299 --> 00:01:12,319
那这笔port从一开始就不应该买

26
00:01:12,319 --> 00:01:16,620
新手投资的第一原则就是先活下来再赚钱

27
00:01:16,620 --> 00:01:20,170
先控制仓位再讨论收益率

28
00:01:20,609 --> 00:01:24,629
新手投资最重要的不是找到下一只翻倍股

29
00:01:24,629 --> 00:01:28,040
而是先把账户分成不同功能的仓位

30
00:01:28,040 --> 00:01:29,939
账户不是一个篮子

31
00:01:29,939 --> 00:01:32,280
而应该是一套分层系统

32
00:01:32,280 --> 00:01:35,799
不同仓位承担不同任务

33
00:01:36,120 --> 00:01:38,959
第一层是标普500ETF

34
00:01:38,959 --> 00:01:42,349
建议占账户40%到55%

35
00:01:42,349 --> 00:01:44,730
它的作用是做核心底仓

36
00:01:44,730 --> 00:01:47,329
让账户跟随长期市场增长

37
00:01:47,329 --> 00:01:50,430
而不是每天靠猜个股涨跌

38
00:01:50,769 --> 00:01:53,370
第二层是纳指100ETF

39
00:01:53,370 --> 00:01:56,870
建议占账户15%到30%

40
00:01:56,870 --> 00:01:59,549
它的作用是提高成长弹性

41
00:01:59,549 --> 00:02:01,209
但波动也会更大

42
00:02:01,209 --> 00:02:03,950
所以不能满仓追高

43
00:02:04,329 --> 00:02:06,349
第三层是现金

44
00:02:06,349 --> 00:02:08,389
货币基金或者短债

45
00:02:08,389 --> 00:02:11,969
建议占账户15%到30%

46
00:02:11,969 --> 00:02:13,930
现金不是浪费收益

47
00:02:13,930 --> 00:02:16,770
现金是你在大回调时还有子弹

48
00:02:16,770 --> 00:02:21,490
也是在市场极端波动时不被迫割肉的安全垫

49
00:02:21,799 --> 00:02:25,098
第四层才是个股和期权策略

50
00:02:25,098 --> 00:02:27,939
建议占账户零到20%

51
00:02:27,939 --> 00:02:31,039
它的作用是增强收益和练习方法

52
00:02:31,039 --> 00:02:32,379
但对新手来说

53
00:02:32,379 --> 00:02:35,259
一定要从小仓位开始

54
00:02:35,639 --> 00:02:38,479
这个结构的核心逻辑很简单

55
00:02:38,479 --> 00:02:40,020
指数是主干

56
00:02:40,020 --> 00:02:41,520
现金是安全垫

57
00:02:41,520 --> 00:02:44,939
个股和期权只是增强收益的工具

58
00:02:44,939 --> 00:02:47,639
如果账户主干还没有建立起来

59
00:02:47,639 --> 00:02:48,719
现金也不够

60
00:02:48,719 --> 00:02:51,329
却直接用高波动个股卖port

61
00:02:51,329 --> 00:02:52,609
那不是投资

62
00:02:52,609 --> 00:02:56,248
而是在用整个账户赌一只股票

63
00:02:56,710 --> 00:03:01,710
真正成熟的投资者不会先问这张破能收多少钱

64
00:03:01,710 --> 00:03:03,610
他会先问这张point

65
00:03:03,610 --> 00:03:07,090
如果被指派会占我账户多少比例

66
00:03:07,090 --> 00:03:10,250
这只股票如果再跌30%

67
00:03:10,250 --> 00:03:12,659
我的账户会不会失控

68
00:03:12,659 --> 00:03:16,900
我有没有足够现金处理后续情况

69
00:03:17,308 --> 00:03:19,769
接下来讲第一条硬规则

70
00:03:19,769 --> 00:03:24,710
任何单一个股最多不要超过账户的15%

71
00:03:24,710 --> 00:03:29,050
这里说的单一个股不只是你已经买入的股票

72
00:03:29,050 --> 00:03:33,389
也包括你卖铺以后可能被迫买入的仓位

73
00:03:33,710 --> 00:03:35,069
举个例子

74
00:03:35,069 --> 00:03:37,409
如果你账户是10万美元

75
00:03:37,409 --> 00:03:42,879
那么任何一只个股的风险暴露最好不要超过1万5000美元

76
00:03:42,879 --> 00:03:44,800
假设某只股票破产

77
00:03:44,800 --> 00:03:46,400
执行价是50美元

78
00:03:46,400 --> 00:03:48,280
一张破对应100股

79
00:03:48,280 --> 00:03:49,479
如果被指派

80
00:03:49,479 --> 00:03:52,580
你需要用5000美元买入这只股票

81
00:03:53,399 --> 00:03:55,139
在这个例子里

82
00:03:55,139 --> 00:03:57,759
你最多只能卖三张

83
00:03:57,759 --> 00:04:02,259
因为三张破对应的潜在买入金额就是1万5000美元

84
00:04:02,259 --> 00:04:04,759
刚好达到15%上限

85
00:04:04,759 --> 00:04:06,180
如果你卖五张

86
00:04:06,180 --> 00:04:06,900
八张

87
00:04:06,900 --> 00:04:07,639
十张

88
00:04:07,639 --> 00:04:10,310
看起来只是多收了一点权利金

89
00:04:10,310 --> 00:04:14,830
实际上已经把一个小仓位变成了账户及风险

90
00:04:15,240 --> 00:04:16,939
很多新手亏大钱

91
00:04:16,939 --> 00:04:19,139
不是因为看错了一次方向

92
00:04:19,139 --> 00:04:22,399
而是因为看错方向之后仓位太大

93
00:04:22,399 --> 00:04:24,259
根本没有退路

94
00:04:24,259 --> 00:04:26,959
投资里真正危险的不是犯错

95
00:04:26,959 --> 00:04:28,279
而是一次错误

96
00:04:28,279 --> 00:04:31,259
就足以伤害整个账户

97
00:04:31,629 --> 00:04:33,889
接下来讲高四股票

98
00:04:33,889 --> 00:04:36,649
很多人喜欢卖高四股票的put

99
00:04:36,649 --> 00:04:38,949
因为权利金看起来很香

100
00:04:38,949 --> 00:04:40,709
但是你一定要明白

101
00:04:40,709 --> 00:04:42,170
高四不是送钱

102
00:04:42,170 --> 00:04:47,918
高四的意思是市场认为这只股票未来可能大幅波动

103
00:04:48,238 --> 00:04:50,059
所以权利金越厚

104
00:04:50,059 --> 00:04:52,769
背后通常代表风险越大

105
00:04:52,769 --> 00:04:54,129
对新手来说

106
00:04:54,129 --> 00:04:57,990
高四个股总仓位最好不要超过10%

107
00:04:57,990 --> 00:05:00,730
如果还要在高四个股上卖put

108
00:05:00,730 --> 00:05:05,129
那么期权暴露最好控制在5%以内

109
00:05:05,490 --> 00:05:08,370
高斯股票最可怕的不是跌一天

110
00:05:08,370 --> 00:05:09,589
而是连续跌

111
00:05:09,589 --> 00:05:10,509
跳空跌

112
00:05:10,509 --> 00:05:11,629
财报后跌

113
00:05:11,629 --> 00:05:13,009
利空后跌

114
00:05:13,009 --> 00:05:15,949
很多股票从50跌到40的时候

115
00:05:15,949 --> 00:05:18,060
新手觉得已经很便宜

116
00:05:18,060 --> 00:05:23,288
结果它可以继续跌到三十二十甚至更低

117
00:05:23,809 --> 00:05:25,848
所以高斯股票不能用

118
00:05:25,848 --> 00:05:28,468
我觉得它跌多了来决定仓位

119
00:05:28,468 --> 00:05:31,420
必须用账户比例决定仓位

120
00:05:31,420 --> 00:05:33,480
仓位不是情绪问题

121
00:05:33,480 --> 00:05:35,740
而是生存问题

122
00:05:36,100 --> 00:05:40,930
第一次股票和大型ETF可以作为相对温和的训练池

123
00:05:40,930 --> 00:05:42,850
他们不代表没有风险

124
00:05:42,850 --> 00:05:47,408
但通常不会像高四小盘股那样每天剧烈波动

125
00:05:47,408 --> 00:05:49,548
新手如果要练习策略

126
00:05:49,548 --> 00:05:51,209
应该先从更稳定

127
00:05:51,209 --> 00:05:54,589
更熟悉更流动的标的开始

128
00:05:54,990 --> 00:05:57,009
但即使是低四股票

129
00:05:57,009 --> 00:05:58,910
也不能无限加仓

130
00:05:58,910 --> 00:06:00,769
D4不等于低风险

131
00:06:00,769 --> 00:06:04,110
低四只代表市场预期波动相对较低

132
00:06:04,110 --> 00:06:09,069
真正的风险控制依然要靠单一个股15%上限

133
00:06:09,069 --> 00:06:14,189
总期权暴露20%上限以及现金仓位底线

134
00:06:14,788 --> 00:06:16,209
下面这些策略

135
00:06:16,209 --> 00:06:18,339
新手应该直接禁止

136
00:06:18,339 --> 00:06:21,899
第一严格禁止sell margin secured put

137
00:06:21,899 --> 00:06:24,509
也就是用保证金担保卖put

138
00:06:24,509 --> 00:06:29,430
新手不要用借来的额度承担股票下跌风险

139
00:06:29,850 --> 00:06:31,250
现金担保put

140
00:06:31,250 --> 00:06:35,019
最坏情况是你用自己的现金买入股票

141
00:06:35,019 --> 00:06:36,620
保证金担保put

142
00:06:36,620 --> 00:06:40,430
最坏情况是你用借来的额度承担风险

143
00:06:40,430 --> 00:06:41,730
上涨的时候

144
00:06:41,730 --> 00:06:44,850
保证金会让你觉得资金效率很高

145
00:06:44,850 --> 00:06:46,089
下跌的时候

146
00:06:46,089 --> 00:06:49,389
保证金会让亏损速度加倍

147
00:06:49,839 --> 00:06:51,079
市场大跌时

148
00:06:51,079 --> 00:06:53,560
最痛苦的不是股票下跌

149
00:06:53,560 --> 00:06:55,829
而是你明明想长期持有

150
00:06:55,829 --> 00:06:59,310
却因为保证金压力被迫在低位平仓

151
00:06:59,310 --> 00:07:01,449
所以新手必须记住

152
00:07:01,449 --> 00:07:02,870
不用保证金卖put

153
00:07:02,870 --> 00:07:04,449
不用借来的钱卖put

154
00:07:04,449 --> 00:07:07,550
不用未来可能没有的钱卖put

155
00:07:07,949 --> 00:07:12,759
第2cash secured put只能用于你真正想买的股票

156
00:07:12,759 --> 00:07:14,079
很多人误解了

157
00:07:14,079 --> 00:07:15,259
现金担保put

158
00:07:15,259 --> 00:07:17,550
他不是低风险收权利金

159
00:07:17,550 --> 00:07:20,470
它的本质是你提前准备好现金

160
00:07:20,470 --> 00:07:25,389
等股票跌到你愿意买入的价格时被动接货

161
00:07:25,829 --> 00:07:30,990
所以现金担保put只能用于你真正愿意买入的股票

162
00:07:30,990 --> 00:07:33,449
如果你不知道这家公司做什么

163
00:07:33,449 --> 00:07:34,949
不知道他为什么跌

164
00:07:34,949 --> 00:07:37,269
不知道他未来靠什么赚钱

165
00:07:37,269 --> 00:07:39,949
只是因为权利金高就去卖PO

166
00:07:39,949 --> 00:07:41,550
那就是危险行为

167
00:07:42,949 --> 00:07:47,170
正确的顺序应该是先研究股票再判断价格

168
00:07:47,170 --> 00:07:49,288
再决定是否愿意买入

169
00:07:49,288 --> 00:07:53,288
最后才考虑能不能用现金担保to替代挂单

170
00:07:53,288 --> 00:07:55,639
买入顺序不能反过来

171
00:07:55,639 --> 00:07:57,639
不能先看到权利金很高

172
00:07:57,639 --> 00:07:59,259
再强行说服自己

173
00:07:59,259 --> 00:08:02,178
这只股票其实也不错

174
00:08:02,459 --> 00:08:07,920
第三不要在已经超过15%仓位的股票上继续卖PO

175
00:08:07,920 --> 00:08:11,279
很多人亏损扩大就是因为股票跌了

176
00:08:11,279 --> 00:08:12,459
不愿意认错

177
00:08:12,459 --> 00:08:14,120
看到破权利金变高

178
00:08:14,120 --> 00:08:15,399
又继续卖port

179
00:08:15,399 --> 00:08:18,100
结果被指派更多股票

180
00:08:18,629 --> 00:08:20,410
这不是摊低成本

181
00:08:20,410 --> 00:08:23,319
这是把一个错误越滚越大

182
00:08:23,319 --> 00:08:29,810
真正的仓位纪律是一只股票到达15%上限就停止加仓

183
00:08:29,810 --> 00:08:31,290
不管你多看好

184
00:08:31,290 --> 00:08:32,929
不管权利金多香

185
00:08:32,929 --> 00:08:36,330
不管你觉得它已经跌了很多

186
00:08:36,730 --> 00:08:38,610
第四本金太少

187
00:08:38,610 --> 00:08:40,429
不要急着玩期权

188
00:08:40,429 --> 00:08:43,909
每股期权通常一张合约对应100股

189
00:08:43,909 --> 00:08:45,610
这会导致一个问题

190
00:08:45,610 --> 00:08:47,590
你不是不想控制仓位

191
00:08:47,590 --> 00:08:49,269
而是合约单位太大

192
00:08:49,269 --> 00:08:51,529
让你天然超仓

193
00:08:51,929 --> 00:08:54,629
比如账户只有5000美元

194
00:08:54,629 --> 00:08:57,230
你卖一张50美元持行价的put

195
00:08:57,230 --> 00:08:59,950
潜在接货金额就是5000美元

196
00:08:59,950 --> 00:09:03,259
这等于一笔交易占满整个账户

197
00:09:03,259 --> 00:09:04,600
这种情况下

198
00:09:04,600 --> 00:09:07,879
就算你是现金担保put也没有意义

199
00:09:07,879 --> 00:09:11,450
因为你已经没有现金缓冲了

200
00:09:11,769 --> 00:09:13,309
本金太少的人

201
00:09:13,309 --> 00:09:15,629
更好的策略不是卖期权

202
00:09:15,629 --> 00:09:17,590
而是平时定投指数

203
00:09:17,590 --> 00:09:18,710
保留现金

204
00:09:18,710 --> 00:09:21,759
等市场大回调时分批减仓

205
00:09:21,759 --> 00:09:23,779
你不需要每周都交易

206
00:09:23,779 --> 00:09:28,600
你需要的是在真正便宜的时候还有钱可以买

207
00:09:28,950 --> 00:09:31,690
接下来给一个具体执行流程

208
00:09:31,690 --> 00:09:34,590
第一步先看账户结构

209
00:09:34,590 --> 00:09:38,059
标普和纳只有没有作为核心底仓

210
00:09:38,059 --> 00:09:40,960
现金有没有至少15%

211
00:09:40,960 --> 00:09:44,740
个股和期权有没有超过20%

212
00:09:44,740 --> 00:09:47,059
如果账户结构已经失衡

213
00:09:47,059 --> 00:09:49,379
就不要开新仓

214
00:09:49,759 --> 00:09:52,559
第二步先算最坏情况

215
00:09:52,559 --> 00:09:56,820
卖破之前不要先算权利金收益率先算

216
00:09:56,820 --> 00:09:58,019
如果被指派

217
00:09:58,019 --> 00:09:59,799
你要买入多少股票

218
00:09:59,799 --> 00:10:00,919
花多少钱

219
00:10:00,919 --> 00:10:02,919
占账户多少比例

220
00:10:02,919 --> 00:10:07,019
如果这笔潜在接货金额超过账户15%

221
00:10:07,019 --> 00:10:08,960
直接放弃

222
00:10:09,309 --> 00:10:12,750
第三步检查自己是不是真的想买

223
00:10:12,750 --> 00:10:14,049
你要问自己

224
00:10:14,049 --> 00:10:16,509
如果这支股票明天不能卖

225
00:10:16,509 --> 00:10:18,029
只能持有3年

226
00:10:18,029 --> 00:10:19,610
我愿不愿意

227
00:10:19,610 --> 00:10:21,769
如果他再跌30%

228
00:10:21,769 --> 00:10:23,450
我还有没有信心

229
00:10:23,450 --> 00:10:25,470
如果他跌破支撑位

230
00:10:25,470 --> 00:10:27,769
我的计划是什么

231
00:10:28,120 --> 00:10:31,399
第四步检查是不是高斯诱惑

232
00:10:31,399 --> 00:10:34,820
如果你卖铺的主要理由是权利金很高

233
00:10:34,820 --> 00:10:37,419
那这笔交易大概率不成熟

234
00:10:37,419 --> 00:10:40,769
成熟的理由应该是我理解这家公司

235
00:10:40,769 --> 00:10:42,649
我愿意在这个价格买入

236
00:10:42,649 --> 00:10:44,129
我有足够现金

237
00:10:44,129 --> 00:10:47,489
这笔仓位不会伤害整个账户

238
00:10:47,849 --> 00:10:50,609
第五步写下退出计划

239
00:10:50,609 --> 00:10:54,110
任何一笔破开仓前都要提前写好

240
00:10:54,110 --> 00:10:55,250
上涨怎么办

241
00:10:55,250 --> 00:10:56,409
横盘怎么办

242
00:10:56,409 --> 00:10:57,529
小跌怎么办

243
00:10:57,529 --> 00:10:58,629
大跌怎么办

244
00:10:58,629 --> 00:11:00,299
被指派怎么办

245
00:11:00,299 --> 00:11:01,840
如果你没有计划

246
00:11:01,840 --> 00:11:05,220
只是想着到时候再看市场大跌时

247
00:11:05,220 --> 00:11:08,328
你大概率会被情绪控制

248
00:11:08,649 --> 00:11:12,109
这次美股回调给新手最大的提醒是

249
00:11:12,109 --> 00:11:13,869
不要因为别人卖put

250
00:11:13,869 --> 00:11:15,409
你也跟着卖put

251
00:11:15,409 --> 00:11:17,149
不要因为权力金高

252
00:11:17,149 --> 00:11:18,850
就觉得这是机会

253
00:11:18,850 --> 00:11:21,049
不要因为股票跌了很多

254
00:11:21,049 --> 00:11:24,049
就觉得他不会继续跌

255
00:11:24,519 --> 00:11:28,460
投资里最重要的能力不是预测明天涨跌

256
00:11:28,460 --> 00:11:31,450
而是控制自己每一次出手的风险

257
00:11:31,450 --> 00:11:36,230
标普纳指现金是普通人账户的底座

258
00:11:36,230 --> 00:11:40,730
个股和期权只能是小仓位工具

259
00:11:41,109 --> 00:11:43,370
最后记住四条底线

260
00:11:43,370 --> 00:11:48,009
现金担保put只能用于你真正愿意买入的股票

261
00:11:48,009 --> 00:11:49,210
保证金担保

262
00:11:49,210 --> 00:11:55,669
put新手严格禁止单一个股超过15%停止加仓

263
00:11:55,669 --> 00:11:57,549
高斯股票再诱人

264
00:11:57,549 --> 00:12:01,299
也不能让他决定你的账户命运

265
00:12:01,620 --> 00:12:03,500
真正长期赚钱的人

266
00:12:03,500 --> 00:12:05,860
不是每一次都看对方向的人

267
00:12:05,860 --> 00:12:07,460
而是即使看错了

268
00:12:07,460 --> 00:12:10,190
也不会被市场一次带走的人

269
00:12:10,190 --> 00:12:12,629
先活下来再慢慢变强

270
00:12:12,629 --> 00:12:17,509
这才是新手投资应该严格遵守的仓位逻辑

271
00:12:17,840 --> 00:12:21,840
本视频只用于财经教育和投资认知讨论

272
00:12:21,840 --> 00:12:23,820
不构成任何投资建议

273
00:12:23,820 --> 00:12:28,309
证券推荐理财建议或买卖邀约股票

274
00:12:28,309 --> 00:12:29,169
Etf

275
00:12:29,169 --> 00:12:32,830
期权等金融产品都有波动和亏损风险

276
00:12:32,830 --> 00:12:34,570
请根据自身现金流

277
00:12:34,570 --> 00:12:38,519
风险承受能力和所在地规则独立判断

共 2 条，按点赞数排序。

采集完成，该视频无弹幕