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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！7 F* S) p( o2 y' [2 j/ b3 r
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! E* S g) y1 }7 \2 _HOW TO TRADE. U+ E! J, ]+ G1 `4 l
After you have thoroughly mastered all of the lessons, be sure you are right before you make
3 I3 p0 e( Z5 a ^( p4 ea trade. Never guess. Trade on mathematical indications only.
& M# Y. J( j: s0 \0 {! G5 K% z8 W, I( S2 t/ d4 h& b
WHAT YOU MUST KNOW BEFORE YOU START TRADING t5 u7 R5 Z, D3 j
You must know exactly how to apply all the rules. You must know where to place a stop loss
5 ^6 M' p5 V* s! d4 P0 O0 ^ c" yorder and must look up what cycle the year is in, that is, whether it is a bull or bear year, g6 ^: {# n* ~+ ^& o, \" |
whether the main trend should be up or down.- @% {+ }( Y0 C# I" M, u
6 Z' D$ K7 ?8 p, a7 D! S2 ?0 CBefore you make a trade, either buying or selling, consider the position of each individual
4 g! { y3 z |3 @stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all
3 g$ e/ D" p d8 q o- Wconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place
% Q/ F: I" ?: j/ S$ t+ _8 na stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, 2 b/ m, `$ S1 _8 r! w# x
weekly and daily chart show down trend, then it is the time to go short, but again, you must g4 h1 p% m! T7 _& |/ i4 e
look for the most important point ... where to place the stop loss order so that it will not be 1 i) Y# F4 a3 j
more than 3 points away and closer if possible.7 t8 T) ^) k8 i1 X* [9 Q, I
' Y/ R( y; E$ d9 Q. [# y6 aWHAT TO LOOK UP BEFORE YOU MAKE TRADE
W4 F. w9 ^" H! HFollowing are the most important points that you must consider before buying or selling a 1 A3 c( J; z3 d3 q( I( l
stock:+ K" q! _ ?/ K. ?$ n
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general
3 m; b; }' |% Xmarket is up or down.
) K! _2 b5 Y# r7 {5 r' B8 F# y2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
. C! Q! y8 w8 u; }% R3 J% }3. MONTHLY position on TIME PERIODS from tops and bottoms. l" u1 ^, _9 M1 `9 i) W" R
4. WEEKLY position on TIME PERIODS from tops and bottoms.
$ n2 b( x2 }) g% E5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other
/ @6 m7 d& T( X/ u- ipoints of support or resistance.
. h% Y- _3 A( P/ O8 l* ~, ?6. Study all FORMATIONS. If a stock has held for several days, weeks or months around 9 N$ h4 u# F' x
the same level, determine whether it is about ready to cross tops or break bottoms.
& U7 I: d) g3 y6 J/ u8 p7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
( B+ k( R3 k) M4 S X7 m) l5 jover past few days or weeks.( M7 u; s; C& d; W3 {% w
8. Look up SPACE or price movements from previous tops and bottoms and find out the 8 _4 \, N' T: y" E E1 B. q- x
greatest advance or decline for past few weeks or months. Example: If a stock has - a& E; | ^" x9 }
reacted 5 points several times and at the time you look it up, if you find it is 3 points : ^* M5 l% U- f: }8 J2 p4 S4 {
down from the last top and the trend is up on monthly, weekly and daily with the price
# T' {8 h6 Q$ R8 y; tnear a support point, you could buy with a stop loss order 2 to 3 points away. If the stock 3 n/ M! s# X* _ J& D
should break back over 5 points, the previous reaction limit, it would show a change in 4 H1 k. I. P1 \( F8 B# F
trend and you should go short of it.
) J- k' V" d1 _& }9. Never overlook the fact that you must have a definite indication before making a trade.
`+ g7 q. |* G6 n" l# H10. Most important of all ... always locate the point at which to place a stop loss order to 1 ^6 @0 h4 w" T2 J3 w
limit risk.
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PRACTICE TRADING ON PAPER
4 ]1 V8 ?( U9 n& XAfter you feel sure that you have mastered all the rules and know exactly how to determine ) w: Z; E$ \2 F+ I6 i
the trend of a stock and the place to begin trading, then to make yourself doubly sure and + v* ~! s9 z# \% b, V
establish confidence, practice trading on paper and till you thoroughly understand how to use
1 k' x' ]" f2 S' {! J' T& Dthe rules and when to use them. If you make mistakes trading on paper, then you would make
* O" e. {* u0 amistakes at the time in actual trading and you are not ready to begin trading. When you feel
8 S$ ^' Y G/ v# Sthat you are competent to start trading, apply all of the rules and TRADE ONLY ON
; r! j& ~7 D1 y2 w2 `3 QDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price
" b& q1 w6 t% @and not sure where to place a stop loss order, then wait until you get a definite indication. , U$ k' L% r8 w; c& [: F
You can always make money by waiting for opportunities. There is no use getting in partly
0 C! ?: q8 Z2 W2 t& u# z% m$ fon guesswork and losing.
( |1 J. p9 l1 q h' @2 k: v7 l* ~" S
WHEN TO CLOSE A TRADE
. I+ J+ k0 q% K, m8 J1 ~2 LAfter you start actual trading, when you make a trade, don't close it or take profits until you
4 F8 W7 Q% d. L3 B3 B7 ehave a definite indication, according to the rules that it is time to sell out or buy in or to move ( J% H V# \" r' x+ M
up the stop loss order and wait until it is caught. The way to make a success is to always
! H* C* a% t H$ u' H! b1 c# Dfollow the trend and not get out or close a trade until the trend changes.
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s3 q/ x9 W, k% h3 e. pWHEN TO WAIT AND NOT TRADE, t# T4 g* G8 i0 \: _8 y) g" O
It is just as important to know when not to enter the market as it is to know when to enter it. - S; ]9 p$ T/ J3 [/ q
The time not to make a trade is when you find a stock has been holding in a narrow trading . R1 C! [+ d( |; n
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms 9 Q1 f# x+ M7 U! G3 `
previously made or crossed tops previously made. A stock may stay for weeks or months or
! T% H, s( ^2 [& B* zeven years in a trading range and will not indicate any big move or change in trend until it / U0 L1 V2 W1 t% x, X: ^
crosses as a previous top or breaks a previous bottom. After a prolonged decline stocks
8 V. P: I# l6 {$ mnearly always narrow down and hold in a trading range for some time. If a stock is inactive in . G! f+ z& p3 D) N4 w# W4 O: P
this position, it is no time to start trading in it.+ }$ _4 A) |! r& a) v
- r/ f9 s$ r2 L) \, LFOLLOW ALL RULES
w# f, J! q* C# ?Remember, follow all rules; check and double check; study the major and minor cycles for
9 z) M4 f; q1 b' g, Sforecasting; watch closely the Resistance Levels; study the different Formations and bottoms 9 D; }! w' \2 f+ O$ F
and tops and between bottoms and tops. If you ignore one important point, it may get you in & n! \( \6 G, h4 l$ O5 `" S
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
: f4 D9 x/ G/ `leave out one of the rules, you will not have a complete forecasting method or trend indicator.; }( i5 ? K: s4 x
Your success with the method depends upon you doing your part, studying and learning how 3 | E, e! m; K/ b
to apply the rules and not mixing any inside or outside information or reasoning against the , } Q5 f6 j& Q5 o5 K+ d- I
mathematical indications. No man ever made a success at anything who did not work hard. I 5 I1 p; B& ?7 G9 w' S
have done my part, and it is now up to you to do yours. |
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发表于 2009-5-11 22:45:16
发表于 2009-5-12 21:16:21
