In the eyes of many people, counter-following is actually too simple, and everyone’s ideas are still relatively vague. Anti-following is not just about finding data to hedge. There is a step-by-step logic within it. The basis for doing reverse is the data source. There are currently two directions of data sources in the market. One is to find real transaction data (touching red lines, violations, various problems in the data), and the other is what we the public use. Solution – Form a data team. Here I want to make a simple comparison between the two data sources.

The biggest advantage of real data sources is that they are humane enough. Most of the curves continue to decline from the upper left corner to the lower right corner. This is probably the main reason why many hedging teams use real data. . But in my opinion, the real data has very big flaws. First of all, it is uncertainty. It is possible to stop trading after two or three days of profit, and it is also possible to stop trading after two or three days of loss. There is also the instability of frequency. A certain variety may sometimes trade a huge amount in one day. Apart from transaction costs, we cannot afford the slippage and loss alone. In fact, looking at the trading data of many retail investors, we can easily find that the source of their biggest losses from beginning to end is still losses. The real intraday net losses are actually not much, or they are caused by limited extreme market conditions. Generally speaking, He said that their trading characteristics are completely in line with our hedging standards. They run when they make a small profit, increase their position when they lose, and carry it to death.

As for the data team we formed, the biggest shortcoming is authenticity. Among all people who want to do anti-copying, there are various doubts about this method and traders are worried about it. They will not lose money, or even make profits, and they are constantly struggling with various assumptions in their minds about how to make them lose money, thereby convincing themselves to invest in the reverse direction. Of course, there are also some extreme friends who may be desperate for forward trading and can’t wait to start reverse trading. These are all caused by the lack of authenticity of the self-built data team itself. In fact, I think the biggest benefit of the formed data team is the certainty, the certainty of the personnel, the integrity of the data cycle. As for the psychological state of traders and retail investors, The distance problem is what our management needs to solve.

Anyone who wants to profit from the market through trading, no matter which trading strategy, whether it is forward or reverse, has a lot of difficulty. In my opinion, forward is more difficult, because We are fans of the authorities, putting ourselves in constant self-doubt, constantly fighting against the market and human nature. In reverse, we use a series of management methods to stimulate the human nature of traders, stand in the perspective of a third party, and comply with the laws of the market as a bystander to achieve profits.