Practical Tips for Bond Rotation Selection: Achieve Bond Selection and Rotation Using Only Your Phone

There are many rotation strategies for convertible bonds, such as low price, low premium, double low, and others. I won’t go into detail about specific strategies here; instead, I will focus on the practical operation of selecting bonds and rotating positions.

Previously, I posted a programmatic implementation for small-cap convertible bond rotation. For many people, implementing this programmatically can be challenging. Therefore, this article uses the small-cap convertible bond strategy as an example to demonstrate how to manually select bonds and rotate positions using only a mobile phone. Note that this is a manual process.

Open the Tonghuashun app on your phone, click the three lines in the top left corner, select “Create New Dynamic Group,” and input the bond selection criteria, for example:

• Convertible bonds that have not yet matured
• Convertible bond price less than $140
• Convertible bond premium rate less than 35%
• Remaining scale of convertible bonds less than 1 billion yuan
• Circulating market value of the underlying stock less than 2.5 billion yuan
• Sort by remaining scale of convertible bonds from small to large

Note: The above is just an example and should not be used as the sole basis for bond selection. After selecting, click to view the results and save them to the dynamic group.

Bond selection only needs to be done once. Next time, simply click refresh. It can be refreshed daily or weekly.

Additionally, you can set a color for this group, for example, red. The bonds you hold will also have a color, defaulting to purple.

Tips for bond rotation:

1. First, refresh this group. If new bonds meet the criteria but haven’t been purchased yet, they will appear in red without purple, indicating a buy signal.
2. Check the bonds you hold. They are usually shown in purple. If there is a red indicator next to the purple, it means the bond still meets the criteria and should be held. If there is no red, it indicates the rotation out, and you should sell.

In conclusion, I discovered this method by chance. After using it for a few months, I found it to work quite well. Of course, someone else might have discovered it earlier, but I haven’t seen anyone share this on Jisilu, so I decided to write it up and share with everyone.

This method applies to small-cap convertible bond rotation. Strategies like low price, low premium, double low, etc., can all be implemented using this approach. Everyone is encouraged to explore further.