走进我的交易室 中英对照版-第80章
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Managing time is an important aspect of success。 Find out how much time you need; depending on your personal style; to research a new market and track it daily。 The ABC Rating System is designed to deliver major time savings; allowing you to track and trade more markets in the same time。 This system is not for beginners; but an intermediate or expert trader can definitely benefit from it。
管理时间是成功的重要方面。根据你的个人风格,找出你研究新市场,跟踪市场需要的时间。设计ABC评分系统是为了节约大量时间,让你在同样的时间内跟踪,交易更多的市场。这个系统不是为新手准备的,中等水平或专业的交易者一定会从中收益。
The ABC Rating System; shown to me by D。 Guppy; is a system for managing time。 It helps us concentrate on the markets in which a trade seems imminent and spend less time in less promising markets。 The ABC system calls for a quick weekly review of all stocks or futures that you track and sorting them into three groups: A for those you think you might trade tomorrow; B for those you think you may trade later in the week; and C for those you do not expect to trade in the ing week。
ABC评分系统是D·顾比告诉我的,它是时间管理系统。他帮助我们专注于即将启动的市场,对希望不大的市场少花时间。ABC评分系统要求对周线图快速分析,并把你跟踪的股票或期货分为3组:A组是你明天要交易的,B组是一周内要交易的,C组是一周后不会交易的。
The best time to run the ABC system is on weekends; after you have downloaded all your data。 Prepare a spreadsheet with a horizontal line for every stock or future you follow。 Put their names in the left column。 Use vertical columns to record your A; B; and C ratings; one column per day。 Prepare the weekly and daily templates in your trading software。 Drop the first market into the weekly template。 Does it look like you might want to trade this stock tomorrow? For instance; if you only trade from the long side and the weekly chart is in a solid downtrend; you will not trade it next week。 In that case; mark it with a C and move on。 Drop the next market into your weekly template。 If it looks like a possible trade; then drop it into your daily template。 Does it look like you might want to trade it on Monday? If so; put an A into your spreadsheet。 If it looks like an unlikely trade on Monday but possibly later that week; put a B in your spreadsheet。 Now move to the next market and drop it into the weekly template。 Repeat this process until you go through your entire list。
使用ABC系统的最佳时间是周末,此时你已经下载了所有的数据。准备一个电子表格,水平线是股票或期货。名字放在左边的栏内。垂直的栏用来记录ABC得分,一天一个栏。在你的交易软件里面准备好周线图和日线图的模式。把第一个市场放入周线图模式。看看是不是明天就要交易?比如说,如果你只做多,而周线图是明确的下跌,你下周是不会交易的。这样,把它标记为C,再继续往下找。把第二个市场拖进你的周线图模式。如果它看起来可以交易,那么把它拖进日线图模式。看看是不是周一就要交易?如果是,在电子表格里标记为A。如果它看起来不用周一交易,但也许下周会交易,在电子表格里标记为B。现在再把下一个市场拖到周线图模式中。如此重复,直到你完成了所有的市场。
Keep a good pace; do not slow down。 You should be done with each market in well under one minute。 Remember; good trades should leap at you from the screen and grab you by the face … it’s me; trade me! If you have to squint at a chart; there’s probably no trade。
步调要好,不要慢下来。你应该一分钟解决一个市场。记住,好的交易机会会从屏幕跳出来抓住你的脸——是我,交易我!如果对于一个图表,你只是斜着眼看,一般都不值得交易。
The real work begins after you have filled in your ABC spreadsheet。 Now you must study each stock or future you have marked with an A。 Apply your trading system; set up entry levels; stops; and profit targets; and write down your orders for the day ahead。 Do this for every market you have rated an A; leaving aside all others。 After the closing on Monday; go through all your A…rated markets。 If you have entered them; fill in a page in your trading diary and continue to manage those trades according to your plan。 If your entry orders have not been triggered; review those markets again … do you still want to enter on Tuesday? Filtering out B and C groups saves time and lets you concentrate on the most promising trades。
当你把整个ABC电子表格完成时,真正的工作才开始。这时,你必须研究所有标记为A的股票或期货。用上你的交易系统,设置进场点,止损点,利润目标,提前一天谢谢你的订单。每个标记为A的市场都要这么做,其它的就别管了。周一收盘后,分析所有标记为A的市场。如果你进场了,在你的日记中做好日记,再根据你的计划管理交易。如果你的进场单没有被执行,再次分析这些市场——你还想在周二进场吗?把B组和C组排除能节约时间,让你专注于最值得交易的机会。
Repeat the procedure after the closing on Tuesday; but now also review the markets you rated B over the weekend。 Now is the time to decide whether you can upgrade them to an A and start monitoring them daily or downgrade them to a C and leave them alone until the weekend。
周二收盘后再重复这个过程,同时要研究标记为B的市场,因为本周后本部分可能会交易。此时,你要决定是否把它们升级到A组,每天监视它们,或降级到C组,留到周末再看。
Earlier; we reviewed the action plan; a spreadsheet for recording your orders for the day ahead。 That and the ABC system lend themselves to being bined into a single spreadsheet。 Each horizontal line holds a trading vehicle; and each vertical column one trading day。 The cells are filled with the letters A; B; or C; indicating your rating for that stock or future for the day ahead。 Red triangles in the corners identify those cells in which you have inserted ments that tell you how to trade them。
之前,我们谈了交易计划表,这个电子表格提前一天记录你的订单。这个表和ABC系统可以合并为一个电子表格。水平线代表市场,每一栏代表一个交易日。表格里充满了A,B,C,代表你对股票或期货的打分。表格角上红色三角形是你插入的评论,说明如何交易。
Boredom is the trader’s enemy。 It is hard to watch a market day after day while it goes nowhere。 A professional must track his markets; but no one enjoys watching paint dry。 The ABC system provides an elegant solution。 It lets you monitor all your markets in a quick and efficient manner; while dedicating most of your time and attention to the most promising trades。 Once you get used to applying the ABC system; you can easily double the number of markets you follow and increase your trading opportunities。
无聊是交易者的敌人。天天看着市场,但是它却不动,这是很艰难的。专业人士必须跟踪他的市场,但没有人原因等着漆干。ABC系统提供了完美的解决方法。它让你用快速有效的方法监视所有的市场,同时用你主要时间关注最值得交易的市场。一旦你习惯了使用ABC系统,你跟踪的市场可以加倍,你的交易机会也增加了。
THE DECISION…MAKING TREE
决策树
A professional trader takes the markets seriously and gives them the time and attention they deserve。 If you have read this far; you are probably more dedicated than the average person。 Now is the time to zero in on your plan of action。
专业人士认真分析市场,花了时间,花了精力。如果你能读到这里,你也比一般人用心。现在要谈你的交易计划。
You need to allocate a certain time to market work each day; keeping in close touch with the market is essential for success。 You have to decide what markets to trade and focus on a select few to be successful。 You need to design a plan for your education。 Last but not least; you need to design your trading plan; a written plan is the hallmark of a serious trader。
你每天都要花点时间在市场上,和市场接触也是成功的关键。你要决定交易安格市场,关注哪几个市场,这样才能成功。你要为你的成长做计划。最后,但不是最不重要的,你要做自己的交易计划,书面计划是认真交易者的标志。
Designing a Trading Plan
做交易计划
Traders go through three stages of development。 We all start out as beginners。 Some of us survive long enough to bee serious amateurs or semipros; and a few rise to the expert level。 A trader with a good written plan shows a rising level of development。
交易者经历3个发展阶段。我们一开始都是新手。一些人生存时间常,成为认真的业余选手或半个专业人士,少数成为专业人士。有书面交易计划的交易者表明他在向上发展。
A beginner never writes down a plan because he has nothing to write。 He is having too much fun chasing hot tips and trying to make a quick killing。 Even if he wanted to write; he wouldn’t know where to begin。 A serious amateur or a semipro who writes down a plan; including money management rules; is on his way toward the expert level。
新手不会写什么东西,因为他没什么可写。他的乐趣是听消息,想快速绝杀。即使他想写,他也不知道从哪里开始。认真的业余选手或半个专业人士写计划,包括资金管理原则,这是通向专业人士的路。
The main difference between a trading plan and a mechanical system is the degree of freedom it allows traders。 Trading systems are rigid; whereas plans lay down the main rules but leave you free to use your judgment。
交易计划和机械系统之间的主要区别就是交易者的自由程度。交易系统是僵硬了,然而计划只是采用了主要的原则,你可以自由使用自己的判断。
Some beginners gain a false sense of security from pouring tons of data into mechanical systems and finding sets of rules that would have worked in the past。 The markets are live social organisms that develop; grow; and change。 Rigid rules fitted to past data are not likely to perform well in the future。 If mechanical systems could work; the best programmers would have owned the markets by now。 All mechanical trading systems; left alone; self…destruct with the passage of time。 Promoters keep selling them because the public loves marketing gimmicks。
一些新手用无数数据测试了机械系统,发现一些原则还真有用,为此找到了安全感。市场是鲜活的社会有机体,它在发展,成长,变化。僵硬的系统对过去有用,但不一定会对将来有用。如果机械系统有用,最厉害的程序员早就拥有了市场。如果不人工干涉的话,所有的机械交易系统都将随着时间的推移而自毁。销售商不停地推销它们是因为大众喜欢这些市场花招。
A trading plan includes a few unbreakable rules along with more flexible remendations that call for an exercise of judgment。 Your judgment grows with experience。 A trading plan includes the principles for selecting markets; defines the types of trades; generates buy and sell signals; and allocates trading capital。 When you write a plan; avoid the temptation to make it all…enpassing。 Know when to stop。 Write down your rules but indicate where you will use your judgment at the moment of decision。
交易计划包括了几个不能打破的原则和一些灵活的建议,你可以自己决定。你的判断随着经验的增长而增长。交易计划包括选择市场的原则,给交易下定义,产生买卖信号,分配资金。当你写计划时,不要被为了面面俱到而迷惑了。知道在哪里停下来。写下你的原则,知道何时使用自己的判断。
You must know what type of trading appeals to you。 A general idea … to make money buying and selling … is not specific enough。 Winners make money in different ways; while all losers fall into the same wastebasket of impulsivity。 A long…term fundamental investor; like Peter Lynch; searching for his elusive “10…bagger” … a stock that rises 10…fold … acts differently from a successful short…term trader who goes short to sell him that stock。 Both may succeed in the long run; but the floor trader with a 30…minute time horizon will close his shorts on a tiny but profitable dip before the end of the day; just as surely as the long…term investor will hold on to his longs。
你必须知道你喜欢什么交易类型。通常的想法——通过买卖赚钱——这不够具体。赢家用不同的方法赚钱,输家由于冲动而竹篮打水一场空。长线基本面投资者,比如彼得·林奇,研究找到他独特的“十垒打”——涨10倍的股票——和