On the one hand, positive feedback trading strategy is applied in the previous high-returned stock;
一方面基金对前期高收益的股票采用正反馈交易策略；
Then the study test shows that our money market traders widely used positive feedback trading strategies.
接着实证检验说明我国货币市场交易商们广泛采用正反馈交易策略。
It is the positive feedback trading and self-reinforcing mechanism, which enforced the expectations normalized speed and degree. So the liquidity black hole appears.
正是这种正反馈的交易机制，自我增强了预期归一化的速度与程度，导致流动性黑洞的出现。
The positive serial correlation caused by nonsynchronous trading and nonsymmetry of feedback trading are also considered in the model.
实证模型还考虑了非同步交易引起的工序列相关以及反馈交易的非对称性。
The positive serial correlation caused by nonsynchronous trading and nonsymmetry of feedback trading are also considered in the model.
实证模型还考虑了非同步交易引起的工序列相关以及反馈交易的非对称性。
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