目录
INTRODUCTION ................................................................................................................ 7
引子....................................................................................................................................... 7
HOW THIS BOOK IS ORGANIZED........................................................................................ 9
本书是如何组织的。....................................................................................................... 9
MALE OR FEMALE?.......................................................................................................... 11
男性或女性？ ................................................................................................................. 11
PART ONE FINANCIAL TRADING FOR BABES IN THE WOODS............................. 12
第一部分新手交易............................................................................................................... 12
CHAPTER ONE INVEST? TRADE? GAMBLE?.......................................................... 13
第01 章投资？交易？赌博？......................................................................................... 13
AN INTELLIGENT INVESTOR ............................................................................................. 13
聪明的投资者................................................................................................................. 13
AN INTELLIGENT TRADER ................................................................................................ 15
聪明的交易者................................................................................................................. 15
AN INTELLIGENT GAMBLER? ........................................................................................... 21
聪明的赌徒？ ................................................................................................................. 21
CHAPTER TWO WHAT MARKETS TO TRADE?....................................................... 22
第02 章交易什么市场？................................................................................................. 22
STOCKS ............................................................................................................................ 23
股票................................................................................................................................. 23
FUTURES .......................................................................................................................... 26
期货................................................................................................................................. 26
OPTIONS .......................................................................................................................... 30
期权................................................................................................................................. 30
CHAPTER THREE THE FIRST STEPS ....................................................................... 35
第03 章第一步................................................................................................................. 35
THE EXTERNAL BARRIERS TO SUCCESS............................................................................ 36
成功的外部障碍............................................................................................................. 36
GETTING YOUR GEAR ...................................................................................................... 45
拿起你的装备................................................................................................................. 45
ANALYSIS AND TRADING ................................................................................................. 55
分析和交易..................................................................................................................... 55
PART TWO THE THREE M’S OF SUCCESSFUL TRADING ............................ 63
第2 部分成功交易的3 个M.............................................................................................. 63
CHAPTER FOUR MIND - THE DISCIPLINED TRADER........................................... 66
第04 章思想——有纪律的交易者................................................................................. 66
SLEEPWALKING THROUGH THE MARKETS ...................................................................... 69
在市场中一相情愿......................................................................................................... 69
A REMEDY FOR SELF‐DESTRUCTIVENESS......................................................................... 77
治疗自毁的方法............................................................................................................. 77
THE MATURE TRADER ..................................................................................................... 86
成熟的交易者................................................................................................................. 86
CHAPTER FIVE METHOD - TECHNICAL ANALYSIS............................................... 95
第05 章方法——技术分析............................................................................................. 95
BASIC CHARTING ............................................................................................................. 97
基本画图方法................................................................................................................. 97
INDICATORS ‐ FIVE BULLETS TO A CLIP.......................................................................... 123
指标——一个弹夹5 颗子弹....................................................................................... 123
CHAPTER SIX TRADING ............................................................................................. 181
第06 章交易................................................................................................................... 181
SYSTEM TESTING ........................................................................................................... 185
系统测试....................................................................................................................... 185
TRIPLE SCREEN UPDATE ................................................................................................ 189
三重滤网更新............................................................................................................... 189
DAY‐TRADING................................................................................................................ 204
日内交易....................................................................................................................... 204
THE IMPULSE SYSTEM ................................................................................................... 233
动力系统....................................................................................................................... 233
MARKET THERMOMETER .............................................................................................. 241
市场温度 ....................................................................................................................... 241
EXITING TRADES ............................................................................................................ 246
出场............................................................................................................................... 246
CHOOSING WHAT TO TRADE......................................................................................... 271
选择交易什么............................................................................................................... 271
CHAPTER SEVEN MONEY MANAGEMENT FORMULAS..................................... 314
第7 章资金管理公式....................................................................................................... 314
NO MATH ILLITERATES .................................................................................................. 318
不要数学盲................................................................................................................... 318
BUSINESSMAN’S RISK VS. LOSS ..................................................................................... 320
生意人的风险对亏损................................................................................................... 320
THE 2% SOLUTION ‐ PROTECTION FROM SHARKS ........................................................ 322
2%解决方案——防鲨网............................................................................................... 322
THE 6% RULE ‐ PROTECTION FROM PIRANHAS............................................................. 328
6%原则——防食人鱼................................................................................................... 328
POSITION SIZING............................................................................................................ 334
设定仓位大小............................................................................................................... 334
MONEY MANAGEMNT STEPS ........................................................................................ 338
资金管理步骤............................................................................................................... 338
PART THREE...................................................................................................................... 342
第3 部分............................................................................................................................... 342
CHAPTER EIGHT THE ORGANIZED TRADER ....................................................... 343
第8 章有条理的交易者................................................................................................. 343
TRADER’S SPREADSHEET ............................................................................................... 345
交易者的电子表格....................................................................................................... 345
THE EQUITY CURVE........................................................................................................ 348
资金曲线....................................................................................................................... 348
TRADING DIARY ............................................................................................................. 350
交易日记....................................................................................................................... 350
ACTION PLAN................................................................................................................. 353
INTRODUCTION
引子
You can be free. You can live and work anywhere in the world, be independent
from the routine and not answer to anybody.” With those words I began my first
book, Trading for a Living. One of my great pleasures in the years since its
publication has been meeting and becoming friends with people who became
free thanks to successful trading.
“你可以很自由。你可以在全世界的任何地方生活和工作，没有任何日常的繁琐，
不必受任何人影响。”我的第一本书《以交易为生》是这样开篇的。出版以后，
这些年来，我最大的乐趣之一就是和一些人结交朋友，他们由于成功地交易而实
现了自由。
Several times a year I run a Traders’ Camp, a week of intensive classes at
remote resorts. I enjoy my campers’ successes. A stockbroker became a
full-time trader, closed his business, and moved to Rio to pursue a life-long
interest in Latin women. A psychologist became such a successful options
writer that she paid for an early retirement for her husband and moved with him
to the Virgin Islands to become an expert in what she calls synchronous
hammocking. A man bought a mountain in Vermont and trades from the house
he built on its top. I wish all students could succeed, but it’s not that simple.
我每年都要举办几次交易者训练营，在偏僻的地方举办为期一周的紧张课程。学
生的成功让我感到骄傲。一个股票经纪商，成为了专职的交易者，把公司关了，
搬到了里约热内卢，因为他一直很喜欢拉丁女人。一位心理学者成为成功的期权
作家，她用足够的钱让她老公提前退休，两人一起搬到了维尔京群岛，成为吊床
方面的专家。有位先生在佛蒙特买了一座山，在山顶盖了房子，在那里交易。我
希望每个学生都会成功，但没那么简单。
How many psychiatrists does it take to change a lightbulb? Only one - but the
bulb has to want to change.
需要几名精神病医生才能改变一个病人？只要一名——但是病人要愿意被改变。
To succeed in trading you need several innate traits without which you
shouldn’t even start. They include discipline, risk tolerance, and facility with
numbers. A big fat guy who is often drunk and can’t kick a cigarette habit is
unlikely to make a good trader - he lacks discipline.
要想成功交易，你需要具备几个素质，没有这些素质，你最好不要交易。这些素
质包括有纪律，承受风险以及对数字敏感。一个经常醉酒的胖子连香烟头都无法
熄灭，这样的人不适合做交易者——他没有纪律。
链接：点击去百度网盘 -->(购买前请先验证网盘链接是否有效)
INTRODUCTION ................................................................................................................ 7
引子....................................................................................................................................... 7
HOW THIS BOOK IS ORGANIZED........................................................................................ 9
本书是如何组织的。....................................................................................................... 9
MALE OR FEMALE?.......................................................................................................... 11
男性或女性？ ................................................................................................................. 11
PART ONE FINANCIAL TRADING FOR BABES IN THE WOODS............................. 12
第一部分新手交易............................................................................................................... 12
CHAPTER ONE INVEST? TRADE? GAMBLE?.......................................................... 13
第01 章投资？交易？赌博？......................................................................................... 13
AN INTELLIGENT INVESTOR ............................................................................................. 13
聪明的投资者................................................................................................................. 13
AN INTELLIGENT TRADER ................................................................................................ 15
聪明的交易者................................................................................................................. 15
AN INTELLIGENT GAMBLER? ........................................................................................... 21
聪明的赌徒？ ................................................................................................................. 21
CHAPTER TWO WHAT MARKETS TO TRADE?....................................................... 22
第02 章交易什么市场？................................................................................................. 22
STOCKS ............................................................................................................................ 23
股票................................................................................................................................. 23
FUTURES .......................................................................................................................... 26
期货................................................................................................................................. 26
OPTIONS .......................................................................................................................... 30
期权................................................................................................................................. 30
CHAPTER THREE THE FIRST STEPS ....................................................................... 35
第03 章第一步................................................................................................................. 35
THE EXTERNAL BARRIERS TO SUCCESS............................................................................ 36
成功的外部障碍............................................................................................................. 36
GETTING YOUR GEAR ...................................................................................................... 45
拿起你的装备................................................................................................................. 45
ANALYSIS AND TRADING ................................................................................................. 55
分析和交易..................................................................................................................... 55
PART TWO THE THREE M’S OF SUCCESSFUL TRADING ............................ 63
第2 部分成功交易的3 个M.............................................................................................. 63
CHAPTER FOUR MIND - THE DISCIPLINED TRADER........................................... 66
第04 章思想——有纪律的交易者................................................................................. 66
SLEEPWALKING THROUGH THE MARKETS ...................................................................... 69
在市场中一相情愿......................................................................................................... 69
A REMEDY FOR SELF‐DESTRUCTIVENESS......................................................................... 77
治疗自毁的方法............................................................................................................. 77
THE MATURE TRADER ..................................................................................................... 86
成熟的交易者................................................................................................................. 86
CHAPTER FIVE METHOD - TECHNICAL ANALYSIS............................................... 95
第05 章方法——技术分析............................................................................................. 95
BASIC CHARTING ............................................................................................................. 97
基本画图方法................................................................................................................. 97
INDICATORS ‐ FIVE BULLETS TO A CLIP.......................................................................... 123
指标——一个弹夹5 颗子弹....................................................................................... 123
CHAPTER SIX TRADING ............................................................................................. 181
第06 章交易................................................................................................................... 181
SYSTEM TESTING ........................................................................................................... 185
系统测试....................................................................................................................... 185
TRIPLE SCREEN UPDATE ................................................................................................ 189
三重滤网更新............................................................................................................... 189
DAY‐TRADING................................................................................................................ 204
日内交易....................................................................................................................... 204
THE IMPULSE SYSTEM ................................................................................................... 233
动力系统....................................................................................................................... 233
MARKET THERMOMETER .............................................................................................. 241
市场温度 ....................................................................................................................... 241
EXITING TRADES ............................................................................................................ 246
出场............................................................................................................................... 246
CHOOSING WHAT TO TRADE......................................................................................... 271
选择交易什么............................................................................................................... 271
CHAPTER SEVEN MONEY MANAGEMENT FORMULAS..................................... 314
第7 章资金管理公式....................................................................................................... 314
NO MATH ILLITERATES .................................................................................................. 318
不要数学盲................................................................................................................... 318
BUSINESSMAN’S RISK VS. LOSS ..................................................................................... 320
生意人的风险对亏损................................................................................................... 320
THE 2% SOLUTION ‐ PROTECTION FROM SHARKS ........................................................ 322
2%解决方案——防鲨网............................................................................................... 322
THE 6% RULE ‐ PROTECTION FROM PIRANHAS............................................................. 328
6%原则——防食人鱼................................................................................................... 328
POSITION SIZING............................................................................................................ 334
设定仓位大小............................................................................................................... 334
MONEY MANAGEMNT STEPS ........................................................................................ 338
资金管理步骤............................................................................................................... 338
PART THREE...................................................................................................................... 342
第3 部分............................................................................................................................... 342
CHAPTER EIGHT THE ORGANIZED TRADER ....................................................... 343
第8 章有条理的交易者................................................................................................. 343
TRADER’S SPREADSHEET ............................................................................................... 345
交易者的电子表格....................................................................................................... 345
THE EQUITY CURVE........................................................................................................ 348
资金曲线....................................................................................................................... 348
TRADING DIARY ............................................................................................................. 350
交易日记....................................................................................................................... 350
ACTION PLAN................................................................................................................. 353
INTRODUCTION
引子
You can be free. You can live and work anywhere in the world, be independent
from the routine and not answer to anybody.” With those words I began my first
book, Trading for a Living. One of my great pleasures in the years since its
publication has been meeting and becoming friends with people who became
free thanks to successful trading.
“你可以很自由。你可以在全世界的任何地方生活和工作，没有任何日常的繁琐，
不必受任何人影响。”我的第一本书《以交易为生》是这样开篇的。出版以后，
这些年来，我最大的乐趣之一就是和一些人结交朋友，他们由于成功地交易而实
现了自由。
Several times a year I run a Traders’ Camp, a week of intensive classes at
remote resorts. I enjoy my campers’ successes. A stockbroker became a
full-time trader, closed his business, and moved to Rio to pursue a life-long
interest in Latin women. A psychologist became such a successful options
writer that she paid for an early retirement for her husband and moved with him
to the Virgin Islands to become an expert in what she calls synchronous
hammocking. A man bought a mountain in Vermont and trades from the house
he built on its top. I wish all students could succeed, but it’s not that simple.
我每年都要举办几次交易者训练营，在偏僻的地方举办为期一周的紧张课程。学
生的成功让我感到骄傲。一个股票经纪商，成为了专职的交易者，把公司关了，
搬到了里约热内卢，因为他一直很喜欢拉丁女人。一位心理学者成为成功的期权
作家，她用足够的钱让她老公提前退休，两人一起搬到了维尔京群岛，成为吊床
方面的专家。有位先生在佛蒙特买了一座山，在山顶盖了房子，在那里交易。我
希望每个学生都会成功，但没那么简单。
How many psychiatrists does it take to change a lightbulb? Only one - but the
bulb has to want to change.
需要几名精神病医生才能改变一个病人？只要一名——但是病人要愿意被改变。
To succeed in trading you need several innate traits without which you
shouldn’t even start. They include discipline, risk tolerance, and facility with
numbers. A big fat guy who is often drunk and can’t kick a cigarette habit is
unlikely to make a good trader - he lacks discipline.
要想成功交易，你需要具备几个素质，没有这些素质，你最好不要交易。这些素
质包括有纪律，承受风险以及对数字敏感。一个经常醉酒的胖子连香烟头都无法
熄灭，这样的人不适合做交易者——他没有纪律。
链接：点击去百度网盘 -->(购买前请先验证网盘链接是否有效)
说说我的看法高级模式
