The Business Times
business-time-50
INSIGHTS FROM CFA SOCIETY SINGAPORE
·
SUBSCRIBERS

为什么严格的止损常常会损害投资者利益

这种做法会缩短风险敞口并放大行为摩擦，从而在无意中损害投资的长期表现。

google-preferred-sourceAdd BT as a preferred source
    • 单独（隔离）来看，严格的止损似乎是审慎之举。但这种在交易层面看似良好的风险控制，在投资组合层面可能演变成对机会的破坏。
    • 单独（隔离）来看，严格的止损似乎是审慎之举。但这种在交易层面看似良好的风险控制，在投资组合层面可能演变成对机会的破坏。 照片来源：EPA

    Xinyu Xiong

    Published Tue, Mar 3, 2026 · 04:42 PM

    本文由AI辅助翻译

    查看原文

    如果你问投资者如何管理风险，许多人会给出相同的答案：设置严格的止损点。

    严格的止损被广泛视为严谨风险管理的基石，但有时却可能与投资者的长期目标背道而驰。

    止损是一项预设规则，当投资头寸的价格向不利于投资者的方向变动达到特定幅度时，强制平仓。其主要目的是在无需持续监控的情况下，限制单个头寸的下行亏损。

    此翻译对您是否有帮助？

    CFA Singapore InsightsStock trading

    TRENDING NOW

    The CSRC is leading the effort, along with the National Financial Regulatory Administration, which handles consumer protection and supervises banks.

    Why China is tightening controls on overseas stock trading

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    Always one to walk the talk, DBS CEO Tan Su Shan has her personal AI agent that checks and serves up to her the latest news on banking.

    ‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI

    Set up by Nichol Ng and her brother, FoodXervices traces its roots to 1934 with the business their grandfather started.

    ‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More