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:2 }1 v! y9 t" ?8 b' [
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! . R1 r' `& o/ [5 k4 l% P2.译文乃初稿,未校稿,仅供参考! 0 U; L2 s/ w0 Z------------------------------------------------------------------------ B; T+ k: a6 S6 a9 H% o) GHOW TO TRADE4 f: G9 h* P3 D
After you have thoroughly mastered all of the lessons, be sure you are right before you make : |* b9 X! N8 O" I, f( i; w4 g7 v$ v2 y# ua trade. Never guess. Trade on mathematical indications only. ! t9 q+ {8 w6 [' ?- {* H - k; F2 N5 ~6 XWHAT YOU MUST KNOW BEFORE YOU START TRADING" t# J$ f. [- t" w: y
You must know exactly how to apply all the rules. You must know where to place a stop loss . a/ T. M5 R2 K: u6 Torder and must look up what cycle the year is in, that is, whether it is a bull or bear year, 5 S/ ~' r3 v! b! H. S; R
whether the main trend should be up or down.' \4 s; ?* f* ^2 L0 U
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Before you make a trade, either buying or selling, consider the position of each individual " Z5 i8 D; M0 n+ O
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all # g# j; s/ M. o; X; J+ l
confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place 0 p3 K1 i. D% q' p3 d9 Wa stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, 0 b( P" g4 F* T8 v0 u# P8 Uweekly and daily chart show down trend, then it is the time to go short, but again, you must : a8 ]* y \1 C3 xlook for the most important point ... where to place the stop loss order so that it will not be ; r' |/ J6 I0 g& I, pmore than 3 points away and closer if possible.1 a& ~: T7 l# l- [6 L2 s% ?
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WHAT TO LOOK UP BEFORE YOU MAKE TRADE % A! K& M7 k+ g2 _Following are the most important points that you must consider before buying or selling a 0 J6 P: ~) D4 Y _* ~; @7 K
stock:4 }( \* k3 l3 q: |
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general , W% E( r" I( j) H
market is up or down.6 r* W, x0 m& i) y4 z. w/ W
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.! H- D# f0 t3 {3 ?, r. R
3. MONTHLY position on TIME PERIODS from tops and bottoms.8 \+ n6 o* i: z! ^" {
4. WEEKLY position on TIME PERIODS from tops and bottoms. # i( l6 Z- Z) K5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other q. ~0 S. Q2 x/ o8 ?& B- [2 \/ |
points of support or resistance. # M1 T* F' |8 l# r0 {1 ]/ u# M6. Study all FORMATIONS. If a stock has held for several days, weeks or months around ( s! b4 a* t: ?# `+ T
the same level, determine whether it is about ready to cross tops or break bottoms.3 v" D. I5 F% _7 K4 C
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume 9 e& m7 Q! E8 I! c5 H" W9 M+ T0 g& Uover past few days or weeks.% n3 R: B& @, T! F$ F
8. Look up SPACE or price movements from previous tops and bottoms and find out the ; f% q: ^6 N# i
greatest advance or decline for past few weeks or months. Example: If a stock has 9 ~% c$ A- N- n" G8 K
reacted 5 points several times and at the time you look it up, if you find it is 3 points , h' J4 i2 X' v$ Q5 N6 b7 d) |down from the last top and the trend is up on monthly, weekly and daily with the price 4 v0 ^& l6 f& m& d7 ?near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock - r* Z- m( P) P, X
should break back over 5 points, the previous reaction limit, it would show a change in 5 o0 G `8 p# q4 e
trend and you should go short of it." r5 b9 u# }8 X% \) j# G* |* I
9. Never overlook the fact that you must have a definite indication before making a trade. 4 n( k8 r4 V5 S- r* L3 ~+ z10. Most important of all ... always locate the point at which to place a stop loss order to : A; Z8 f. q' A6 t9 S! \" ~
limit risk. 5 \; S6 @( s$ x% Z ]; R ; W0 M6 q$ S' ^3 m9 `PRACTICE TRADING ON PAPER1 `( b/ E( f8 u" k- R+ p
After you feel sure that you have mastered all the rules and know exactly how to determine : y w6 P0 K6 G% v: P+ w7 J2 O
the trend of a stock and the place to begin trading, then to make yourself doubly sure and % w+ a+ A3 @1 s. J6 N5 {
establish confidence, practice trading on paper and till you thoroughly understand how to use 0 J3 o$ [7 T. X. i% M0 S8 _+ Hthe rules and when to use them. If you make mistakes trading on paper, then you would make * R$ T5 d4 y7 U9 L0 m3 [* y/ Lmistakes at the time in actual trading and you are not ready to begin trading. When you feel / g, p6 n$ R* T1 ?* kthat you are competent to start trading, apply all of the rules and TRADE ONLY ON % ^7 F. M1 d2 |( z, W) MDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price T, l6 s+ [8 v
and not sure where to place a stop loss order, then wait until you get a definite indication. 4 G6 l( h7 X$ \# [
You can always make money by waiting for opportunities. There is no use getting in partly 8 l/ [) r4 @! x4 x2 ion guesswork and losing." ~0 M" o& z1 U# t& g
4 A J- k8 U8 ^! N- ^WHEN TO CLOSE A TRADE 5 w! T- i% y1 ?0 MAfter you start actual trading, when you make a trade, don't close it or take profits until you * T3 `) E* R1 Y% F( _
have a definite indication, according to the rules that it is time to sell out or buy in or to move % t6 n4 ^, F3 V z0 N! J6 Y; ^5 x
up the stop loss order and wait until it is caught. The way to make a success is to always $ G$ y) X8 |# X! x g
follow the trend and not get out or close a trade until the trend changes.3 i- |7 y+ H# K7 y& K. [
1 _( }7 h' i' X5 V6 N+ J, _0 E2 MWHEN TO WAIT AND NOT TRADE( ]0 o) P% R6 s1 c. L
It is just as important to know when not to enter the market as it is to know when to enter it. ' r3 J8 B2 w8 q. _! w# t/ b
The time not to make a trade is when you find a stock has been holding in a narrow trading 4 X$ m0 h2 P/ _* o( Q# T5 W, x
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms ! M# j& [7 K" ]; \, Tpreviously made or crossed tops previously made. A stock may stay for weeks or months or 6 z0 p5 K' y heven years in a trading range and will not indicate any big move or change in trend until it 6 ~% D I9 K$ n) q+ ]& Scrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks 9 k$ K( c4 ?5 Z1 A9 i7 t
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in 3 {; G. M/ S4 x$ c
this position, it is no time to start trading in it. & }" S3 q# I5 p, U8 ~) h2 q, t3 ~. m7 H/ p' S# k" q, w8 H9 G; y
FOLLOW ALL RULES $ x ]8 Y! |- ZRemember, follow all rules; check and double check; study the major and minor cycles for $ x8 n% W) h& aforecasting; watch closely the Resistance Levels; study the different Formations and bottoms ! Z9 B% `2 a! I/ Y0 W/ v$ E
and tops and between bottoms and tops. If you ignore one important point, it may get you in 8 a% F( s! E, g+ n5 B) J
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you + t( t9 |) @% _8 U( K, ]leave out one of the rules, you will not have a complete forecasting method or trend indicator. ' g/ \$ ]5 G5 ?( ~5 B% lYour success with the method depends upon you doing your part, studying and learning how - q7 y# k, w8 D' P! h4 @
to apply the rules and not mixing any inside or outside information or reasoning against the # y+ U$ Y, V- q, u& Z& ]1 i6 y2 _2 m" ^
mathematical indications. No man ever made a success at anything who did not work hard. I , ?& k5 I. k" n
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