熊市里进行交易的4个技巧

Benzinga

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标普500指数基金在上周五一度跌至修正区间,即较1月份高点下跌了10%。

10%的修正幅度意味着标普500指数的一只脚已经踏入了熊市,如果美股市场近期的疲软局面在2月份继续下去,交易者就需要做好准备了。

下文是交易者在熊市里需要记住的4个技巧。

1.多元化分散投资

躲过熊市里市场上发生的全部暴跌是极其困难的,不过将您的投资组合分散开至少可以助您避免最糟糕的看跌交易活动。

另外,如果有任何细分市场或者资产类别真的在下跌大势下独善其身,在市场一片惨淡时,多元化的分散投资至少可以保证您的投资组合中还有上涨的。

2. 制作一份观察列表

当市场暴跌并且周围的人都在恐慌时,此时并不是进行股票分析的好时机。

在熊市期间避免对汹涌信息过载的一种方法是制作一份股票的观察列表,该列表上是您在合适时机有兴趣买入的股票名单。

市场上的情况可能发生变化,您对一只股票是否值得买入的想法也随之发生改变,一份观察列表至少可以助您将注意力从数千只股票的范围缩小到少量的审慎考量过的候选股票上。

3. 对冲您的押注

熊市期间是对投资组合进行对冲的最佳时刻。对冲策略包括购买如标普500指数看跌期权,实际上相当于为您的投资组合买入保险。

在熊市中判断底部是非常难的,不过在熊市期间买入大量股票同时买入少量标普500指数看跌期权合约,可以助您抵消额外的损失,甚至可能在市场进一步跌入熊市更深区域时让您获利。

4.降低头寸的平均成本

与其猜测股市何时触底并投入全部筹码押注您想购买的屈指可数的几只股票,不如使用美元成本平均的方法跟随市场来决定您的头寸规模。

如果您选定了想要购买的股票,先从少量买入头寸开始,并随着股价继续下跌而定期买入以增加您的头寸。

一旦股市开始反弹,与在熊市开始时就买入您的全部头寸相比,美元成本平均法可以确保您持有头寸的成本更低。

Benzinga的结论:

熊市可能会令人恐惧,熊市对于杠杆过高、对冲不足或者风险敞口过大的投资者而言可能是毁灭性的。

不过,对于冷静的长期投资者而言,没有必要在熊市里恐慌,熊市期间反而是以打折价买入优质股票的绝佳机会。

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