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： ' m& [ h4 o' B$ F1 f. \' @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！ 1 B+ S$ S* R, w O; [7 C2.译文乃初稿，未校稿，仅供参考！3 a$ L; g/ V) J" q, q H
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HOW TO TRADE ; T/ c# l& y* m! ]$ m' P: hAfter you have thoroughly mastered all of the lessons, be sure you are right before you make 7 I Z0 \$ P& V* a% K: D+ {2 n
a trade. Never guess. Trade on mathematical indications only. # S- \- j5 H% r+ j) y+ l+ ^/ ?6 e9 b8 q5 V1 ]& F
WHAT YOU MUST KNOW BEFORE YOU START TRADING2 h) T9 k8 U( Y
You must know exactly how to apply all the rules. You must know where to place a stop loss 4 I( q" ]; X3 S1 }3 W
order and must look up what cycle the year is in, that is, whether it is a bull or bear year, / {6 x+ [9 t; M. T5 P }" ]
whether the main trend should be up or down. " Q: [4 R. h( j9 @: ]+ Y 6 o2 [& |( P% u* QBefore you make a trade, either buying or selling, consider the position of each individual " k; L# t& D% r' H1 rstock on the monthly chart; next consider the weekly chart and then the daily chart. If they all - V7 c6 d; C$ S6 S4 v- f: hconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place $ f) j# i8 w" {% F1 B! O9 C3 ta stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, / ?* q- n, @8 D- b# G3 N
weekly and daily chart show down trend, then it is the time to go short, but again, you must 4 b, A% }+ }; V5 H+ H2 f4 b4 k
look for the most important point ... where to place the stop loss order so that it will not be ) Q6 k! I1 n# hmore than 3 points away and closer if possible. 9 s9 d/ y+ @0 }8 Q7 E/ g8 L2 r6 e# H& W1 _7 d
WHAT TO LOOK UP BEFORE YOU MAKE TRADE 8 w+ ?2 }( ]; p( ^Following are the most important points that you must consider before buying or selling a ( k0 R- m& h' [4 U$ S# y( V
stock:" }$ n8 W4 x0 Q+ k' u E
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general * c5 Y. v0 M' @% l( {2 _- Cmarket is up or down.4 S( e. D! i# b7 ^
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.$ p0 u) s6 o! k* C
3. MONTHLY position on TIME PERIODS from tops and bottoms. + t+ c# v: U& a9 C/ R; e4. WEEKLY position on TIME PERIODS from tops and bottoms. $ z/ P/ K; w- E6 H5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other # @, y: y- P/ v4 T
points of support or resistance. t( S! R* F% y6 E$ a, D$ O; M
6. Study all FORMATIONS. If a stock has held for several days, weeks or months around ) o' R2 c% _3 Sthe same level, determine whether it is about ready to cross tops or break bottoms. 7 {. i, L; W& E$ M0 w7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume I1 N9 S' u$ `over past few days or weeks. 4 H: _8 O/ L# l1 @5 J6 L* ^& a8. Look up SPACE or price movements from previous tops and bottoms and find out the P; ?+ k; R1 _$ y- C% O- T; e! C. ]greatest advance or decline for past few weeks or months. Example: If a stock has 7 |$ O3 U2 E1 t7 }* W5 x( k" vreacted 5 points several times and at the time you look it up, if you find it is 3 points 5 [- h/ L3 z3 r" c% @$ R& udown from the last top and the trend is up on monthly, weekly and daily with the price . n2 r" x5 R% l- `near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock 1 y e6 B# k" P/ A: {9 {# q
should break back over 5 points, the previous reaction limit, it would show a change in / ^9 b& c3 F- H4 `- q; ^
trend and you should go short of it.% y3 M2 X7 V/ }1 g3 s$ }' Q
9. Never overlook the fact that you must have a definite indication before making a trade.& T5 K/ s# G7 K% K2 T2 `' J* H
10. Most important of all ... always locate the point at which to place a stop loss order to ) m; A7 b( @7 x! K. R$ g" o7 y& v- Wlimit risk.2 j0 C4 z$ O; r9 h
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PRACTICE TRADING ON PAPER . k! n) K" \: j1 v" c' F; |7 OAfter you feel sure that you have mastered all the rules and know exactly how to determine 9 |. t! f& ~/ G+ |2 K: R
the trend of a stock and the place to begin trading, then to make yourself doubly sure and 4 L8 k; w7 I4 iestablish confidence, practice trading on paper and till you thoroughly understand how to use $ V1 y+ |7 z3 {8 l. d$ \% r
the rules and when to use them. If you make mistakes trading on paper, then you would make 6 P4 i. K8 ^+ S7 C* S8 xmistakes at the time in actual trading and you are not ready to begin trading. When you feel 4 \: I5 n# _% {1 T. b+ H
that you are competent to start trading, apply all of the rules and TRADE ONLY ON + U$ J+ [) [% W' l n7 E5 K
DEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price 6 `; ?. Q0 b" s4 t- \6 O& t
and not sure where to place a stop loss order, then wait until you get a definite indication. 9 f) s% I2 W! P6 A1 M" n
You can always make money by waiting for opportunities. There is no use getting in partly , z& m8 `5 v( Q# Y) U7 H
on guesswork and losing.( k! {* g: j F/ h% R3 M2 p. U
# o4 {9 N- N) a- }# {3 UWHEN TO CLOSE A TRADE + H& O: h! E v& Z( jAfter you start actual trading, when you make a trade, don't close it or take profits until you / h% v4 ` ~6 F( ]$ ], y {have a definite indication, according to the rules that it is time to sell out or buy in or to move # S$ `; z8 ?* F; @- w: l& yup the stop loss order and wait until it is caught. The way to make a success is to always 2 k; k0 t& @( B! J! C9 K/ i' D
follow the trend and not get out or close a trade until the trend changes. . `4 J! V3 v2 w2 q! M8 D r8 L% W5 E- g& d8 P g& L! t
WHEN TO WAIT AND NOT TRADE 6 a4 P+ J) X7 n7 {6 J8 o3 \! gIt is just as important to know when not to enter the market as it is to know when to enter it. 5 C8 v5 y" v" O7 N+ g$ A5 ?% a% |The time not to make a trade is when you find a stock has been holding in a narrow trading ! ]' z' n) n8 F1 I* o* F+ H% o' [; s6 wrange for some time, say, a 5-point or a 3-point range, but has not broken under bottoms + s9 d# G0 w6 {8 E# j
previously made or crossed tops previously made. A stock may stay for weeks or months or ! h5 w# ^& N* f; S8 w0 _ C( a+ N
even years in a trading range and will not indicate any big move or change in trend until it ) @0 |% L: B0 g X: m. H0 O# qcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks 6 D5 R3 S1 ?7 s r- m
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in / K: O/ @' c$ ^0 d' i7 Z1 N
this position, it is no time to start trading in it. 8 d# K6 Q( z1 |9 G4 M7 k1 e ) X/ I7 I9 w; N# B6 X$ }FOLLOW ALL RULES' T2 o# `5 w( Q+ m1 p+ q
Remember, follow all rules; check and double check; study the major and minor cycles for 8 z3 g7 d- b( X P" {forecasting; watch closely the Resistance Levels; study the different Formations and bottoms " d1 L6 w. N) a4 N/ r( R+ W. land tops and between bottoms and tops. If you ignore one important point, it may get you in 3 V6 w: k# ?& C7 Z' C2 G
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you # {% c' R" H, Z, w4 t5 X% yleave out one of the rules, you will not have a complete forecasting method or trend indicator.$ D5 W2 f% F% g- s
Your success with the method depends upon you doing your part, studying and learning how ) k4 M( F" i" K) ^) K: Gto apply the rules and not mixing any inside or outside information or reasoning against the 3 O% G* }! R* e" g
mathematical indications. No man ever made a success at anything who did not work hard. I 0 v0 Y+ u. \2 O. e7 u3 A& U
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
先生
