轉倉
switching
換馬指投資者根據市況出脫所持股票,再買入另一隻股票。凡所持有的股票升勢將盡或放緩,精明的投資者都會把握時機,趁高將股票出脫套現,再將資金投入另一目標股票上。另一方面,若所持有的股票盈利轉差,或受其他利空因素影響,投資者亦可盡快將股票賣出,再將資金換至另一股票身上。若眼光準確,投資者通過換馬可增加回報;當然,若看錯走勢,換馬不僅要付出交易費用,還可能招致虧損。
Horses an investor to sell off stocks held in accordance with market conditions, and then buy another stock. Where the shares held rally will do or slow down, savvy investors will seize the opportunity, take advantage of high stock will sell off cash, and then the money into another target on the stock. On the other hand, if some shares held by profit slip, or be affected by other negative factors, investors can sell their shares as soon as possible, then the capital stock exchange to another body. If the vision is accurate, investors can increase returns by horses; of course, if the wrong trend, horses not only have to pay transaction costs and may also incur losses.