可转债买卖技巧集思录

Hello everyone, today I will introduce the skills and techniques of trading convertible bonds with the help of big data.

1. Websites to Learn about Convertible Bonds

集思录 (Jisilu)

Jisilu is a low-risk financial Q&A community with a website version. It provides various information related to convertible bonds, such as real-time market prices, conversion premiums, and conversion ratios. Users can also find the latest news and discussions on convertible bonds.

2. Trading Rules and Strategies

Conversion Calculation

Convertible bonds usually have a conversion premium and a conversion ratio. For example, if a convertible bond has a conversion ratio of 1:1, it means that one convertible bond can be converted into one share of the underlying stock. The conversion premium represents the extra amount investors pay for the right to convert the bond into shares. It is calculated by dividing the price of the convertible bond by the conversion ratio.

Trading Rules

Convertible bonds can be bought and sold multiple times on the same day, and the trading price can fluctuate within a certain range. The maximum price increase or decrease is usually limited to 20% on non-listing days. If the price exceeds this range, trading will be suspended for half an hour. If the price increase or decrease exceeds 30%, trading will be suspended until 14:57. After 14:57, trading will resume regardless of the price.

3. Useful Tools for Convertible Bond Trading

"Investment Calendar" on Jisilu (Investment Calendar Jisilu)

Jisilu provides an "Investment Calendar" that allows users to check the upcoming IPO (Initial Public Offering) and convertible bond listing dates. This information can be useful for investors to plan their investment strategy.

"New Shares/Convertible Bonds Subscription" on Eastmoney (新股/可转债申购 Eastmoney)

Eastmoney is another financial website that provides detailed information about new shares and convertible bond subscriptions. Investors can find information about the issuing companies, subscription prices, and subscription dates, helping them make informed investment decisions.

4. Learning Materials for Convertible Bond Trading

Recommendations:

"Jiangqi Convertible Bond Practical Course"

Jiangqi's practical course on convertible bonds is highly recommended for beginners. The course covers all aspects of convertible bonds and provides in-depth knowledge and practical strategies for trading convertible bonds.

Systematic Learning of Convertible Bonds

As a beginner, it is important to have a systematic understanding of convertible bonds before diving into trading. Besides taking courses and attending training programs, investors can also seek advice from experienced investors, read books, and study market trends to improve their knowledge and skills.

5. Tips for Investing in Convertible Bonds

Consider the Conversion Probability

As the probability of winning the lottery for new convertible bonds becomes lower, investors should be cautious when investing in them. It is important to consider factors such as the conversion rate and the potential upside of the underlying stock before making investment decisions.

Monitor Market Trends

Keeping an eye on the market trends and news related to convertible bonds can help investors anticipate price movements and make informed trading decisions. It is advisable to use market analysis tools and indicators to identify potential opportunities and risks.

In conclusion, learning about convertible bond trading requires a combination of theoretical knowledge and practical skills. By utilizing websites like Jisilu and Eastmoney, taking courses, and staying updated on market trends, investors can enhance their understanding and improve their trading strategies. Remember to always do thorough research and analysis before making investment decisions to minimize risks and maximize profits.