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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！) f5 {7 o: U* e, ^7 N4 P7 G8 S9 Y
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- d% O# o2 o# L$ _HOW TO TRADE0 B- \5 c' L# k- n
After you have thoroughly mastered all of the lessons, be sure you are right before you make , F) L5 B! {8 N2 {. a% u
a trade. Never guess. Trade on mathematical indications only.
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1 w) T1 J9 u+ A4 o2 t" P$ M- q5 AWHAT YOU MUST KNOW BEFORE YOU START TRADING9 ?1 K# H; H d
You must know exactly how to apply all the rules. You must know where to place a stop loss " m" D2 y2 d+ m8 ^, H" I7 H7 p7 i$ D
order and must look up what cycle the year is in, that is, whether it is a bull or bear year,
) ]% i3 ?" R" f" \) Y1 e4 Qwhether the main trend should be up or down. J& I" A$ F5 P/ Q8 a6 H$ Q
* G5 b) B/ R; x! g* ]& uBefore you make a trade, either buying or selling, consider the position of each individual
( J$ b% y9 m' e/ n8 {0 y8 S2 ustock on the monthly chart; next consider the weekly chart and then the daily chart. If they all , ]' T+ Y) ]! C5 q2 y$ Y5 W# q$ C, J
confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place $ S6 j% U( I$ @! U% K
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, I8 u. J0 Z2 c
weekly and daily chart show down trend, then it is the time to go short, but again, you must
7 R1 | H+ A( j7 @ }9 Qlook for the most important point ... where to place the stop loss order so that it will not be 8 _. p" }) c3 T! W* G8 o3 D) V
more than 3 points away and closer if possible.( X+ }! U3 P$ N0 C7 P$ H1 p8 A
G/ E& i( t Q* o" ]; ], ^' eWHAT TO LOOK UP BEFORE YOU MAKE TRADE! `5 D& f2 k8 R. d
Following are the most important points that you must consider before buying or selling a
- A3 v: \$ ^, |9 h; q# A6 Fstock: F8 t) z3 c. N. E' x% N5 e
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general
# n, p' q, S; B, Q+ E* Zmarket is up or down.$ f ^6 Z# B4 @" Y
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
, p5 U& W* K( b3 J% j) v; e3 `' D3. MONTHLY position on TIME PERIODS from tops and bottoms.
; ~; D3 d5 S: o$ h4. WEEKLY position on TIME PERIODS from tops and bottoms.+ P* A& E3 @3 U; F1 w4 r2 C9 e- Z( u
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other 2 B7 u( F, Q! V7 \
points of support or resistance.
3 h0 L. p+ ]/ \4 {( T6. Study all FORMATIONS. If a stock has held for several days, weeks or months around . E2 N& I; M7 `. W/ b* _6 v. ]: c
the same level, determine whether it is about ready to cross tops or break bottoms.0 Z; R" ~8 ?" Y, h: t
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
8 V' w0 n* R4 aover past few days or weeks.
+ j3 v) I' G& D" R8. Look up SPACE or price movements from previous tops and bottoms and find out the
9 Z9 ^6 k- D* D8 x% M& zgreatest advance or decline for past few weeks or months. Example: If a stock has
7 J8 c3 Q K7 E: E* N. a8 dreacted 5 points several times and at the time you look it up, if you find it is 3 points % _ V3 u! f7 d( r
down from the last top and the trend is up on monthly, weekly and daily with the price
4 ], A; Z8 `: ?near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock - r( k- m+ N* @2 L1 c% K
should break back over 5 points, the previous reaction limit, it would show a change in
9 d' `) i! ^9 t0 Gtrend and you should go short of it.
8 e5 d# h2 ~; \( i$ T& k8 z% N8 @7 M9. Never overlook the fact that you must have a definite indication before making a trade.0 P5 ^* E' ?, y N
10. Most important of all ... always locate the point at which to place a stop loss order to 1 X; A n6 r( V* B: c
limit risk.- I7 C. T6 V/ F! B* ^
8 u- M @, |) G; vPRACTICE TRADING ON PAPER
; j1 P- W; }. p) Y6 tAfter you feel sure that you have mastered all the rules and know exactly how to determine ' w( q; i7 E4 ?
the trend of a stock and the place to begin trading, then to make yourself doubly sure and
: \# b5 N% Y1 T1 x+ pestablish confidence, practice trading on paper and till you thoroughly understand how to use
* V9 H% {/ F3 wthe rules and when to use them. If you make mistakes trading on paper, then you would make
8 K7 a) o/ T7 e% Imistakes at the time in actual trading and you are not ready to begin trading. When you feel
1 y1 }3 d' p6 v- Q( G) kthat you are competent to start trading, apply all of the rules and TRADE ONLY ON
( h0 ^( [- t6 o! FDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price 5 j3 [7 S. w- {9 w0 x( P
and not sure where to place a stop loss order, then wait until you get a definite indication.
. z$ N( X6 O3 AYou can always make money by waiting for opportunities. There is no use getting in partly 7 ^8 k6 U+ d& I
on guesswork and losing.
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9 N- B0 m2 V; z9 WWHEN TO CLOSE A TRADE' M6 \6 n/ y& h" A
After you start actual trading, when you make a trade, don't close it or take profits until you 5 ?* q5 J, Z; j7 o- \2 l
have a definite indication, according to the rules that it is time to sell out or buy in or to move 2 G a, j( [8 Y. y5 B# |
up the stop loss order and wait until it is caught. The way to make a success is to always / x2 V' q4 q0 A( j. B+ B
follow the trend and not get out or close a trade until the trend changes.
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% N) b1 ?% z7 C6 L5 ? uWHEN TO WAIT AND NOT TRADE
2 ]! Q9 _/ T% iIt is just as important to know when not to enter the market as it is to know when to enter it. R, G8 `& x" ]6 z1 c) _
The time not to make a trade is when you find a stock has been holding in a narrow trading
! l! n$ P; p2 ]5 L2 H; e4 F5 Q; ~( q; jrange for some time, say, a 5-point or a 3-point range, but has not broken under bottoms 7 }1 b/ q( c1 A) `- d t$ C
previously made or crossed tops previously made. A stock may stay for weeks or months or
0 o6 y* H3 V( c6 Yeven years in a trading range and will not indicate any big move or change in trend until it
: r* e4 y; S4 C, p" m: q& ncrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks
1 \/ s) _3 T3 @4 L: X; X& z( knearly always narrow down and hold in a trading range for some time. If a stock is inactive in
; o/ V, E2 A3 j* ]8 [this position, it is no time to start trading in it.6 z1 t) f0 |' j+ i/ j1 d
/ g6 s5 A+ l. K/ ]5 {5 s
FOLLOW ALL RULES4 L. F; Q$ u0 [) }2 x7 ~, D1 j
Remember, follow all rules; check and double check; study the major and minor cycles for
, a7 X8 [& d% W3 K" B* _8 o( \forecasting; watch closely the Resistance Levels; study the different Formations and bottoms 2 s) q2 a/ u2 L( l6 ~
and tops and between bottoms and tops. If you ignore one important point, it may get you in
, _1 S4 i$ T6 m( W8 @wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
' S! A) j7 W) Q$ E0 V$ ~leave out one of the rules, you will not have a complete forecasting method or trend indicator.6 i" [7 \9 _4 f$ _4 ]+ U N
Your success with the method depends upon you doing your part, studying and learning how
: Y& B) Q2 O4 c9 ~% d! I$ p3 fto apply the rules and not mixing any inside or outside information or reasoning against the / h4 U3 ~/ S9 @
mathematical indications. No man ever made a success at anything who did not work hard. I
5 U1 G) o) X* s* T* khave done my part, and it is now up to you to do yours. |
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发表于 2009-5-11 17:26:35
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发表于 2009-5-11 22:45:16
发表于 2009-5-12 21:16:21
