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:1 h$ t7 u) H$ _0 F9 J
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!6 {" S* @' W/ b3 d
2.译文乃初稿,未校稿,仅供参考! V' y' i7 s& D& z
------------------------------------------------------------------------ 8 @, n3 e; s8 f8 G" r# sHOW TO TRADE. _0 h6 Z; A" U& P% @! k
After you have thoroughly mastered all of the lessons, be sure you are right before you make 0 K, O$ F/ Y1 A! ~ p# ta trade. Never guess. Trade on mathematical indications only. 6 U& E h5 x: V1 U2 |# z }3 j7 I. K; \" K$ o+ w6 DWHAT YOU MUST KNOW BEFORE YOU START TRADING 3 a/ x- g) ^' Y- ?/ aYou must know exactly how to apply all the rules. You must know where to place a stop loss 9 o- V8 X+ u6 \order and must look up what cycle the year is in, that is, whether it is a bull or bear year, / b# I. l& C4 ^/ e) Gwhether the main trend should be up or down.3 q- o+ S9 ~$ o" X
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Before you make a trade, either buying or selling, consider the position of each individual 7 O* z% p& N5 Tstock on the monthly chart; next consider the weekly chart and then the daily chart. If they all & p4 d x9 W- l( Y! qconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place 0 m* x" s( G3 I$ b2 A; ra stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, 5 N: M# ~2 l& ^, n: n0 Uweekly and daily chart show down trend, then it is the time to go short, but again, you must - i, ~) }' R+ u( B2 S. Tlook for the most important point ... where to place the stop loss order so that it will not be 9 P1 e/ B- J: i
more than 3 points away and closer if possible. / Q0 r9 \% }5 @/ K# Z4 J/ C; N" d3 |; e) G! v- c
WHAT TO LOOK UP BEFORE YOU MAKE TRADE, i; w4 ^2 u; ~# P% E
Following are the most important points that you must consider before buying or selling a 6 J+ r7 B$ A; U. \
stock: " a9 b" k, k/ l& g5 K2 l' N1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general $ s7 N) h6 u% ?8 ?- H9 C7 Omarket is up or down. * b1 P$ _9 `- o% I9 V0 [" R2. CYCLE OF INDIVIDUAL STOCK … whether up or down year. 6 S# n* Y3 e" ], W* w3. MONTHLY position on TIME PERIODS from tops and bottoms.0 Q, ]1 t. `1 m* N4 _
4. WEEKLY position on TIME PERIODS from tops and bottoms.8 D q$ j- t2 H& Z2 D$ s% k
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other 0 n& \4 @9 g0 [: p' `7 n) ~& Vpoints of support or resistance. 4 g6 v) Z4 V4 D( _! J6. Study all FORMATIONS. If a stock has held for several days, weeks or months around * |% i# |2 \: f0 s1 o' l8 C; ?the same level, determine whether it is about ready to cross tops or break bottoms.: n" L3 z$ F+ J7 M" Z! b
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume 3 S3 s3 i$ Z+ wover past few days or weeks. * e# c# `. h# R3 K8. Look up SPACE or price movements from previous tops and bottoms and find out the ; L9 x9 C# a4 h' f' W. y( y- K
greatest advance or decline for past few weeks or months. Example: If a stock has - s* l: w5 ?5 y7 w
reacted 5 points several times and at the time you look it up, if you find it is 3 points : n0 R3 V: I2 p- H; Kdown from the last top and the trend is up on monthly, weekly and daily with the price 9 T/ l% J: e: Unear a support point, you could buy with a stop loss order 2 to 3 points away. If the stock 5 Q2 z5 M. a/ {6 n5 p: W0 ashould break back over 5 points, the previous reaction limit, it would show a change in `- c8 P" G4 N$ w0 ktrend and you should go short of it.) I s8 c8 O4 ]8 h' c a. d
9. Never overlook the fact that you must have a definite indication before making a trade. ( S; W# Z7 c: E10. Most important of all ... always locate the point at which to place a stop loss order to 9 ^; l. v) S7 n7 ]" ` U; p
limit risk. C7 V/ `: @6 q# H , ~/ A. a7 J9 Q# {. ePRACTICE TRADING ON PAPER) q1 N0 H# k% K8 o* \
After you feel sure that you have mastered all the rules and know exactly how to determine 6 O5 u) R! D6 i4 f" ]6 O$ V
the trend of a stock and the place to begin trading, then to make yourself doubly sure and " T$ ?! D. k1 z1 d* Z+ Y) Xestablish confidence, practice trading on paper and till you thoroughly understand how to use 4 M. e S. N) l9 h% a& S* k$ ?the rules and when to use them. If you make mistakes trading on paper, then you would make ) h* d+ g& d. Q( W# u1 [2 \4 {mistakes at the time in actual trading and you are not ready to begin trading. When you feel / y+ A# u+ b. j/ s" \! a6 e' m2 u
that you are competent to start trading, apply all of the rules and TRADE ONLY ON # `' `! A+ U5 i! w) [" i
DEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price " }$ D i. @6 Rand not sure where to place a stop loss order, then wait until you get a definite indication. 6 e w9 k2 g+ U! e. E$ C% ~
You can always make money by waiting for opportunities. There is no use getting in partly j6 w$ }/ J) O4 Y% l( don guesswork and losing. - `9 ^3 s8 W; d$ c1 i, b* _$ v # u+ K2 r9 E0 e, [4 f3 {WHEN TO CLOSE A TRADE+ b# [2 _1 ~7 e% z/ p
After you start actual trading, when you make a trade, don't close it or take profits until you 9 O% A( \$ U: k4 j* Q$ ^- b5 Bhave a definite indication, according to the rules that it is time to sell out or buy in or to move 9 [4 e8 m, \; f2 x; b* |! ?# q
up the stop loss order and wait until it is caught. The way to make a success is to always 0 E6 L; F4 w' o1 {, j( U) ufollow the trend and not get out or close a trade until the trend changes.% g _, K: y8 n" F( m# C* m o
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WHEN TO WAIT AND NOT TRADE ) E/ S) @+ ^5 RIt is just as important to know when not to enter the market as it is to know when to enter it. 8 x" r7 e2 G6 W2 `' K& a w
The time not to make a trade is when you find a stock has been holding in a narrow trading - K+ i" j) v8 ]6 O. r
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms " j( [" l4 z- W1 E: y- \" ^previously made or crossed tops previously made. A stock may stay for weeks or months or ( ]( I9 c& L8 u/ M3 _even years in a trading range and will not indicate any big move or change in trend until it . `% |: Q* F! v& K2 u% c! v' `crosses as a previous top or breaks a previous bottom. After a prolonged decline stocks 9 ~# A! L. H! f; G k! Q$ |/ o
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in n4 o z7 H' [1 m# L8 N& `- x
this position, it is no time to start trading in it. % P* M/ T8 ~* b+ I& k5 q5 `8 C0 i* [3 H
FOLLOW ALL RULES & Y+ o# p C9 X$ ^1 PRemember, follow all rules; check and double check; study the major and minor cycles for & x2 c9 {4 s; E* f1 K" c1 [
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms : f; [# F, K' X6 Z: H# g) l7 F! ?and tops and between bottoms and tops. If you ignore one important point, it may get you in 7 t7 f7 @2 w- R0 y- M6 q
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you . Q9 R- ^ d' W1 \. [leave out one of the rules, you will not have a complete forecasting method or trend indicator.6 T( l6 L) G* C& W
Your success with the method depends upon you doing your part, studying and learning how 9 G5 X, p+ O9 j
to apply the rules and not mixing any inside or outside information or reasoning against the . Y- b8 _ n" _! j' {# h5 e9 r7 y4 Qmathematical indications. No man ever made a success at anything who did not work hard. I 5 t- X0 _7 L3 v* H3 {1 l* h/ Whave 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