A position held by so many investors that exiting becomes difficult, because everyone tries to sell at once.
拥挤交易
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | The Bond King Says Don't Own Bonds. Look at Who Bought Them Instead. 拥挤交易 · 第 7 张术语卡 | The IMF warns that crowded trades and hidden leverage raise the risk of a disorderly sell-off. 拥挤交易的标志不是持仓量大，而是「大家的止损位差不多」。一旦触发，卖盘不是渐进的，而是同向叠加的——这就是为什么 IMF 用「无序」而不是「下跌」来描述风险。 |