标题: 江恩如是说(5)——如何交易 [打印本页] 作者: 甘恩 时间: 2009-5-11 17:26 标题: 江恩如是说(5)——如何交易 说明:4 \" j3 V5 Y' Y* N
1.首发。转载请注明出处——阳光飞狐/江恩理论;当然还有译者。谢谢! d" G1 v* I) H2.译文乃初稿,未校稿,仅供参考! n8 m+ V- M4 }5 @9 v------------------------------------------------------------------------) T# d! Q$ x6 h0 V- t, E# H
HOW TO TRADE6 [% w$ v( g: |: E; K0 X; i
After you have thoroughly mastered all of the lessons, be sure you are right before you make T+ Z; i: Q' {( i/ d; s3 ?) ma trade. Never guess. Trade on mathematical indications only. ; N5 s+ ?( w/ A* U: P. U) [6 S8 o# z& f6 @% U
WHAT YOU MUST KNOW BEFORE YOU START TRADING : ?0 p! @$ Q3 [5 dYou must know exactly how to apply all the rules. You must know where to place a stop loss 2 x8 E, p. @3 ~" F) J# x5 Vorder and must look up what cycle the year is in, that is, whether it is a bull or bear year, 5 V4 P$ D: ]. u. F: T* Y
whether the main trend should be up or down. 6 M% v) B. m/ t) L7 y* l9 h( x: w! G2 D% `% \6 v0 c9 K3 `
Before you make a trade, either buying or selling, consider the position of each individual : T. B6 g3 h- t! vstock on the monthly chart; next consider the weekly chart and then the daily chart. If they all ' b8 x) e3 {& i" S! g
confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place ) Y; I+ \) e% r5 X3 @7 y" L/ sa stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, : ?# u! r; [9 y. Z9 z% Tweekly and daily chart show down trend, then it is the time to go short, but again, you must . L* q1 @( T0 }# Llook for the most important point ... where to place the stop loss order so that it will not be 1 x& _1 L- o. B+ H
more than 3 points away and closer if possible.' }$ S- X4 z7 R5 w- M4 I. @
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WHAT TO LOOK UP BEFORE YOU MAKE TRADE; j Q* g; O! J i+ W
Following are the most important points that you must consider before buying or selling a + P3 j! e( U. O6 }( P) k0 K7 L5 }stock: - r: m: e d9 a; `2 n& h. ?; _+ y1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general 6 U0 E3 q) P5 V1 h# d3 s9 smarket is up or down.8 q+ }% k1 w$ z+ p; M& w5 G
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.5 |) s% x; `& m4 r% B
3. MONTHLY position on TIME PERIODS from tops and bottoms. & ^& |+ C: A0 g6 z) Y$ A5 p6 l4. WEEKLY position on TIME PERIODS from tops and bottoms.' h) f+ A4 i6 l+ r( _
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other 7 f, i! r, n+ j
points of support or resistance.# R% K6 R( {2 N& H6 W* Y
6. Study all FORMATIONS. If a stock has held for several days, weeks or months around 3 D" ]6 M1 ^ N: I' v {the same level, determine whether it is about ready to cross tops or break bottoms. ' _" x& A% M& c) [5 q- V7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume , T) D- c- s, ^! v$ g9 H" R$ Dover past few days or weeks. 3 r7 ?* {9 W3 Y/ x: d$ Q5 s, e- I8. Look up SPACE or price movements from previous tops and bottoms and find out the , y0 M( \: I, Z/ }! m& R
greatest advance or decline for past few weeks or months. Example: If a stock has t' P8 n! T; B9 ^$ q, Q
reacted 5 points several times and at the time you look it up, if you find it is 3 points ! z# F- k9 c7 Rdown from the last top and the trend is up on monthly, weekly and daily with the price 0 ]) r, Y' ]" onear a support point, you could buy with a stop loss order 2 to 3 points away. If the stock ! _) c2 B. i% } mshould break back over 5 points, the previous reaction limit, it would show a change in - {1 d( v; t& }9 v% ~: z
trend and you should go short of it. ( Z: }( {1 ?8 W4 ]/ G: o% }/ l) t9. Never overlook the fact that you must have a definite indication before making a trade., E, r) G, O1 M. K3 u# f9 w
10. Most important of all ... always locate the point at which to place a stop loss order to : @& D& D0 V$ T! U! Y; t7 ^; y
limit risk. 3 \/ t1 b3 {) p- F8 u* o2 S9 x$ u) s4 k+ B3 F5 X
PRACTICE TRADING ON PAPER . F6 L% }* J+ L& Y: Z/ q Q( nAfter you feel sure that you have mastered all the rules and know exactly how to determine 2 l+ |( c. d6 B2 l4 G2 l# t
the trend of a stock and the place to begin trading, then to make yourself doubly sure and ' p7 @. V1 S6 yestablish confidence, practice trading on paper and till you thoroughly understand how to use " o8 C2 ~0 d* `3 c# j3 n* X4 e$ r2 Lthe rules and when to use them. If you make mistakes trading on paper, then you would make & ^7 |) C/ L/ u. h& y
mistakes at the time in actual trading and you are not ready to begin trading. When you feel ' O# Z5 y5 h Wthat you are competent to start trading, apply all of the rules and TRADE ONLY ON 4 {1 P6 d( ~2 [$ f! n& o- yDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price " \6 l* E; T( P& ?* U
and not sure where to place a stop loss order, then wait until you get a definite indication. 6 O& w2 Q+ }0 R) B! z
You can always make money by waiting for opportunities. There is no use getting in partly $ G7 c* x2 z3 Yon guesswork and losing. ; x$ [7 I% Z: r2 n0 [0 a, y& B' i H8 J. L) {, d& t
WHEN TO CLOSE A TRADE : W, r! s% J) j) w, JAfter you start actual trading, when you make a trade, don't close it or take profits until you + u# V# l1 u8 `6 ~have a definite indication, according to the rules that it is time to sell out or buy in or to move , x# M5 |% Z4 c; iup the stop loss order and wait until it is caught. The way to make a success is to always 3 S0 [9 \: P2 ?3 vfollow the trend and not get out or close a trade until the trend changes. 8 v U& M8 X+ f3 u' v4 K : C2 ? N1 o* P; A1 h9 E/ ^! wWHEN TO WAIT AND NOT TRADE ; i7 U1 x7 I+ R0 o, \! {) IIt is just as important to know when not to enter the market as it is to know when to enter it. 7 P4 v, h- y! K3 V+ ~7 Y7 S
The time not to make a trade is when you find a stock has been holding in a narrow trading $ P j5 s: d. o9 Q3 q3 wrange for some time, say, a 5-point or a 3-point range, but has not broken under bottoms r4 r) n D7 ?/ Jpreviously made or crossed tops previously made. A stock may stay for weeks or months or ; }- }" n- q# G; f) g4 b0 f
even years in a trading range and will not indicate any big move or change in trend until it ) `/ v8 }8 ?+ e; _; s$ m3 N& ~% \, dcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks % U# x5 O K! C) N8 [; y. _. X: Z
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in 8 K$ \8 X/ o w# R+ |! Q/ w+ M
this position, it is no time to start trading in it.5 I4 L. S7 D# p- J7 d2 i* h# G
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FOLLOW ALL RULES 4 Y6 ?- Z; b6 v" sRemember, follow all rules; check and double check; study the major and minor cycles for $ P; [4 y7 d0 \4 C. B( f
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms , `) t2 x* C) k2 l' F
and tops and between bottoms and tops. If you ignore one important point, it may get you in % J q% g2 H- a3 V4 Y9 X! Ewrong. The whole can never exceed all its parts and all the parts make up the whole. If you 4 p" ]: M8 G- ^
leave out one of the rules, you will not have a complete forecasting method or trend indicator.! c* H! r0 u: ?
Your success with the method depends upon you doing your part, studying and learning how + j& T! _! d& |2 bto apply the rules and not mixing any inside or outside information or reasoning against the 1 \; O* X. Q1 a& Umathematical indications. No man ever made a success at anything who did not work hard. I % B$ \( W x0 g8 F+ }
have done my part, and it is now up to you to do yours.作者: 甘恩 时间: 2009-5-11 17:28
。。。。。。。。。。。。。作者: WHSH 时间: 2009-5-11 17:30
提示: 作者被禁止或删除 内容自动屏蔽作者: 甘恩 时间: 2009-5-11 17:32