说明：& k# B. y1 B- O3 G* p3 K
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！
8 m3 |' ?: s7 W* [" U4 \1 \2.译文乃初稿，未校稿，仅供参考！9 y$ M1 I, ^& f
------------------------------------------------------------------------& R U; x# Y' I4 ]# e$ k: w# ?
HOW TO TRADE
6 ?$ D1 A3 f, i6 t/ H5 U. HAfter you have thoroughly mastered all of the lessons, be sure you are right before you make
$ [6 P+ o9 E* P* w0 Q+ g# \a trade. Never guess. Trade on mathematical indications only.3 m2 r' s/ m& q
2 Q% @9 k5 L( z% u+ V
WHAT YOU MUST KNOW BEFORE YOU START TRADING) }6 }4 a2 ^9 U
You must know exactly how to apply all the rules. You must know where to place a stop loss 1 `" d! S7 C. w% N# r5 @ l
order and must look up what cycle the year is in, that is, whether it is a bull or bear year,
+ f- f) k& l$ r( h; E- A9 x/ gwhether the main trend should be up or down.9 E) P1 m0 U Q3 G" @- s
* x: _3 s# s" q Z. A) U8 iBefore you make a trade, either buying or selling, consider the position of each individual
- y4 i& v5 h x" l9 l/ Xstock on the monthly chart; next consider the weekly chart and then the daily chart. If they all
% V* E8 j8 n* Tconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place 4 X/ ?7 x8 I2 w
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly,
9 c, y! P! i! T" @. x, Sweekly and daily chart show down trend, then it is the time to go short, but again, you must
- j5 A' p" b- Elook for the most important point ... where to place the stop loss order so that it will not be
9 t6 _/ k9 j( r" d4 J1 fmore than 3 points away and closer if possible.) s# H/ \! D7 ~7 o% b# D+ F3 U
, l2 x4 a# f# i ZWHAT TO LOOK UP BEFORE YOU MAKE TRADE
4 f" J# D% V' m/ I: ]: mFollowing are the most important points that you must consider before buying or selling a
" r0 ~9 W2 m1 |0 \3 Wstock:- t" ]% t C& X- Q, A
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general & G0 w$ ?1 q# P3 e. r9 c: \
market is up or down.
) z+ i# @$ l# f1 f6 o$ \2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
+ v2 u0 a5 d' D( O( H" K1 Q% W+ x. o7 L3. MONTHLY position on TIME PERIODS from tops and bottoms.3 q& Y8 \2 o4 P6 h3 m; W
4. WEEKLY position on TIME PERIODS from tops and bottoms.
% ], @1 z& t/ i8 b! J5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other 5 [9 r, v F* J' }) {# p
points of support or resistance.
, g$ K N( n5 e- ?0 j6 O6. Study all FORMATIONS. If a stock has held for several days, weeks or months around " f3 }3 U T" J3 k
the same level, determine whether it is about ready to cross tops or break bottoms.
' a* @- V8 d q$ ]4 G( G7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
1 i" H/ j% l' n; A! h, [+ W- wover past few days or weeks.+ H. `; U5 L" H1 e
8. Look up SPACE or price movements from previous tops and bottoms and find out the
5 F8 N$ W. Y2 d( A! Z& h( j' jgreatest advance or decline for past few weeks or months. Example: If a stock has 9 d- q: \) X9 \+ l0 D# o7 j
reacted 5 points several times and at the time you look it up, if you find it is 3 points 8 @0 n( J3 p' d1 j4 r/ p; c
down from the last top and the trend is up on monthly, weekly and daily with the price 9 |1 [7 W, Q, U$ Z% E; q% s
near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock
5 b8 K, {7 j! Mshould break back over 5 points, the previous reaction limit, it would show a change in
o# h9 j! G8 D& `. W" I* z0 U/ {$ Htrend and you should go short of it.( G( b, p; s( \) B1 j; M1 W
9. Never overlook the fact that you must have a definite indication before making a trade.
5 M7 W4 i2 _# B1 j3 g8 Y10. Most important of all ... always locate the point at which to place a stop loss order to # E8 x+ t0 |4 }2 [! A" D9 ~8 \
limit risk.
( K6 [+ k2 Q* h0 {, ]+ ~+ B/ p. k& f/ [0 E; k2 F5 j6 b
PRACTICE TRADING ON PAPER m; X* D, f' p
After you feel sure that you have mastered all the rules and know exactly how to determine
" g; O* _& u6 Y ~* |* {* zthe trend of a stock and the place to begin trading, then to make yourself doubly sure and
5 h* }$ U- e% a. }; hestablish confidence, practice trading on paper and till you thoroughly understand how to use
3 a* r. H$ C: b7 vthe rules and when to use them. If you make mistakes trading on paper, then you would make 5 I( P8 r5 ?$ O, w4 e
mistakes at the time in actual trading and you are not ready to begin trading. When you feel ( b _' j# @0 E3 W1 M: y
that you are competent to start trading, apply all of the rules and TRADE ONLY ON
' F& ?+ f# T, ]( \( EDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price 4 b3 [) j( {7 J6 [3 u% Z
and not sure where to place a stop loss order, then wait until you get a definite indication.
: x9 x4 H) N) A/ S1 lYou can always make money by waiting for opportunities. There is no use getting in partly
; \7 P g2 q/ T, J# ]& @on guesswork and losing.8 |* G/ A* X/ U" y' U
1 ~& Z( u, K5 P- F' s; ]2 UWHEN TO CLOSE A TRADE
% A9 q# n' l7 ]! A; JAfter you start actual trading, when you make a trade, don't close it or take profits until you ! w) E& h/ Q7 h& g# d
have a definite indication, according to the rules that it is time to sell out or buy in or to move
! G' D! }6 }$ j+ Z* ~' _ N7 tup the stop loss order and wait until it is caught. The way to make a success is to always ( Q: [4 m# {5 M$ p
follow the trend and not get out or close a trade until the trend changes.
S1 P7 E" Z6 |. }; m& |5 v, s! M( r+ x }
WHEN TO WAIT AND NOT TRADE/ e: _; u2 a8 N0 n
It is just as important to know when not to enter the market as it is to know when to enter it.
; |" \* o* ~4 N) W/ gThe time not to make a trade is when you find a stock has been holding in a narrow trading - v7 u+ F4 c: ]+ P! N% V: S3 E
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
R+ l$ _9 A6 F! D- kpreviously made or crossed tops previously made. A stock may stay for weeks or months or
/ Z9 u* K' A/ `3 L9 yeven years in a trading range and will not indicate any big move or change in trend until it , ?: g* D6 w0 U+ v' W8 W
crosses as a previous top or breaks a previous bottom. After a prolonged decline stocks " q7 F8 I6 U0 e8 y" p) [
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in 2 |: D7 g A# A/ I0 a
this position, it is no time to start trading in it.
, i# K x& e8 t( e
' C1 J% Q4 ^( s: R- iFOLLOW ALL RULES
5 a; Y& O7 V7 O5 ^Remember, follow all rules; check and double check; study the major and minor cycles for 7 @" _! i' r# @& [
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms
/ S4 v/ ^% q; |4 F5 b; {$ land tops and between bottoms and tops. If you ignore one important point, it may get you in 6 P9 x# N& {6 O, i* D8 U
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
4 `. T+ X1 A+ {6 Y; Sleave out one of the rules, you will not have a complete forecasting method or trend indicator.7 X8 p, }# F% k& Y; p6 M3 |; f! S
Your success with the method depends upon you doing your part, studying and learning how 9 h1 s" \# E3 D- J6 ?0 h/ v
to apply the rules and not mixing any inside or outside information or reasoning against the ( @0 ]9 `9 H% M" h) {* d8 Z
mathematical indications. No man ever made a success at anything who did not work hard. I 1 `# t9 o" E+ B& B! \
have done my part, and it is now up to you to do yours. |
|小黑屋|手机版|Archiver|【阳光飞狐】
( 网站ICP编号：京ICP备06013475号-7 )
发表于 2009-5-11 17:26:35
收藏
分享
好东西
发表于 2009-5-12 21:16:21
发表于 2009-5-11 22:45:16
