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: 7 F) c Z5 _; {# @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!" e" A! @$ E. ^ ^
2.译文乃初稿,未校稿,仅供参考! ; @; s5 L0 U0 N/ k" z1 G* \* M6 N------------------------------------------------------------------------ % a0 Z6 ?8 m- a( |( M* THOW TO TRADE4 R: Q3 V* |* N) T, `0 F
After you have thoroughly mastered all of the lessons, be sure you are right before you make / j0 A, A( h9 c+ Ha trade. Never guess. Trade on mathematical indications only. & _+ B6 U7 f" L! ?" m, H% K: V . U$ t5 p; z! Y" K( G; ]( O& _' YWHAT YOU MUST KNOW BEFORE YOU START TRADING & T$ o5 _- ^" W; b. }You must know exactly how to apply all the rules. You must know where to place a stop loss 9 f2 L7 S |3 u. M; _
order and must look up what cycle the year is in, that is, whether it is a bull or bear year, ( a- _% j" V5 t- L+ v
whether the main trend should be up or down.$ r* j) h9 i7 X9 ]# |
1 ]9 a% ^4 C# h4 t4 `Before you make a trade, either buying or selling, consider the position of each individual , b4 _- _* j2 U' ]0 ^! s
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all ) t( |8 P0 W) c1 k7 N, H; ?) a2 oconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place & L e" }; r) x1 |& F9 [
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, V( q$ F- p# Q# Vweekly and daily chart show down trend, then it is the time to go short, but again, you must $ p! c0 D F8 M4 |9 _: i
look for the most important point ... where to place the stop loss order so that it will not be # Q! n7 @) s+ @, wmore than 3 points away and closer if possible. . Q- g+ u, |, w X4 z ' k( x- r6 {, I; W, I7 YWHAT TO LOOK UP BEFORE YOU MAKE TRADE4 F3 ` A0 c- w; c
Following are the most important points that you must consider before buying or selling a # S9 {$ y( ^$ `# _( a* kstock:, G- f; [$ b% t% W" Y
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general 0 J5 Y7 y% J1 x! f) ^. zmarket is up or down. ) q2 [& t. z2 Q5 H ^( t* S2. CYCLE OF INDIVIDUAL STOCK … whether up or down year. 7 _/ g( H- F$ j* ?# k* k3 X4 v3. MONTHLY position on TIME PERIODS from tops and bottoms. $ D7 h: `0 H. v7 |8 s6 u' F- n4. WEEKLY position on TIME PERIODS from tops and bottoms.# _; v% D T8 ?/ T7 J
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other - N( i. W* B; \ f ^points of support or resistance. 5 y+ ^6 f5 |! c8 F' v2 Y6. Study all FORMATIONS. If a stock has held for several days, weeks or months around " S0 g/ [5 W8 d/ {( v5 G
the same level, determine whether it is about ready to cross tops or break bottoms.( p2 x9 P0 [, C, `
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume # I6 o c" m- f6 Q! N
over past few days or weeks.0 Y/ P# p- k' \& q
8. Look up SPACE or price movements from previous tops and bottoms and find out the D# m+ E) ]2 [5 R8 P
greatest advance or decline for past few weeks or months. Example: If a stock has & @, A4 R5 I, ~9 Preacted 5 points several times and at the time you look it up, if you find it is 3 points 3 w- U. @4 d/ r- h" P h% v% Z
down from the last top and the trend is up on monthly, weekly and daily with the price 5 P. H! a& | ~0 l/ J. Y
near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock / v1 B$ A5 d7 O8 P. o- e( n
should break back over 5 points, the previous reaction limit, it would show a change in 4 \1 g4 q8 `1 F/ h) l; |" qtrend and you should go short of it. & _& B& N/ a# y. K5 `9. Never overlook the fact that you must have a definite indication before making a trade.# a0 o& l4 w! ]& V2 w8 n
10. Most important of all ... always locate the point at which to place a stop loss order to 7 E1 @ `/ W) J7 vlimit risk.) J {- L- @6 S0 ~- i& X) |
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PRACTICE TRADING ON PAPER 5 X# r/ j5 \- N$ L6 K0 N" tAfter you feel sure that you have mastered all the rules and know exactly how to determine " F V" C5 S8 E. r! @3 k
the trend of a stock and the place to begin trading, then to make yourself doubly sure and + y7 [. n8 x3 }; M! X, P+ W
establish confidence, practice trading on paper and till you thoroughly understand how to use $ t/ X/ q* V/ C
the rules and when to use them. If you make mistakes trading on paper, then you would make 8 V6 s* U7 E" {( Z8 \( }mistakes at the time in actual trading and you are not ready to begin trading. When you feel , }" O5 U& K+ j+ F2 H5 ]. M, C* Wthat you are competent to start trading, apply all of the rules and TRADE ONLY ON " [, R9 Z; f6 \, w, Y# _/ c
DEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price * C; N9 _7 c- C& p
and not sure where to place a stop loss order, then wait until you get a definite indication. " U8 E" h' \0 J4 h2 L, S
You can always make money by waiting for opportunities. There is no use getting in partly , \2 ~; x; _5 t7 Lon guesswork and losing. + `1 |3 e; J0 p" ] 0 b: m5 H- B- i' XWHEN TO CLOSE A TRADE 9 ^/ O4 O+ L: r# I/ `After you start actual trading, when you make a trade, don't close it or take profits until you + f& b4 {; _! I# [9 hhave a definite indication, according to the rules that it is time to sell out or buy in or to move ( L' s! ^* B: S! Y. T) u
up the stop loss order and wait until it is caught. The way to make a success is to always $ l9 e5 V' K3 ?& r: ?follow the trend and not get out or close a trade until the trend changes. 0 U- {1 R/ k' i2 J! V3 k% H8 S) g5 ~ l9 W
WHEN TO WAIT AND NOT TRADE 6 {! W# R5 q0 x( Q& X* mIt is just as important to know when not to enter the market as it is to know when to enter it. / R8 S+ m' k3 f
The time not to make a trade is when you find a stock has been holding in a narrow trading 6 Y! q$ \8 c: v1 r/ q5 {
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms ; u" y( S8 k) T1 w& j) e& s
previously made or crossed tops previously made. A stock may stay for weeks or months or ' p) w5 D4 `1 f- o2 H' O3 L; t) V* _$ qeven years in a trading range and will not indicate any big move or change in trend until it & e1 E. ~. y8 B2 t9 vcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks # Y* y2 Y% W% d( O* vnearly always narrow down and hold in a trading range for some time. If a stock is inactive in % I- i3 d- t# d# ?this position, it is no time to start trading in it.3 C8 k( g) {. Y
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FOLLOW ALL RULES- v9 V$ r7 G/ w6 O I4 h+ @0 _. o
Remember, follow all rules; check and double check; study the major and minor cycles for 9 c$ v5 U$ g3 D) l7 Vforecasting; watch closely the Resistance Levels; study the different Formations and bottoms : e0 f( E: X( Wand tops and between bottoms and tops. If you ignore one important point, it may get you in & c- f0 E2 u8 P# x$ B. u
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you ; ^4 ]3 {" A6 H
leave out one of the rules, you will not have a complete forecasting method or trend indicator.9 a+ [) J. i/ E/ M/ ~
Your success with the method depends upon you doing your part, studying and learning how 1 M: a$ `7 G1 f" P% s$ G$ pto apply the rules and not mixing any inside or outside information or reasoning against the + J/ r- R% h$ T1 b6 P( p; S" x
mathematical indications. No man ever made a success at anything who did not work hard. I ) V ^9 m7 M) m! ^( g% \2 d9 i, j
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