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to them。 One reason women tend to trade better is that they are more likely to be patient。
新的突破很容易被识别出来，但是很难交易，持有更难。当趋势加速时，越来越多的人祈祷回调。趋势越强，它越不可能和别人讨价还价。在趋势中需要很大的耐心和自信以持有仓位。交易者一般都有这个倾向“不要坐在那里，做点什么。”对他们来说，被动是很难的。女性能交易的比较好的一个原因就是她们有耐心。
How can you teach yourself to trade trends？ You may begin by studying historical charts； but remember； there is no substitute for experience。 The idea is to learn by doing。 Start by putting on positions so small that you can be relaxed and not tie your mind into a knot。 Trade only a few hundred shares or a single futures contract while you’re learning。
你如何学会趋势交易？你可以开始学习历史图表，但记住，经验是无法替代的。行动比学习重要。一开始可以交易自己很放心的小仓位。在学习阶段只交易几百股或一份期货合约。
To apply Triple Screen to trend trading； monitor long…term charts for breakouts or look for well…established moves； identified by a weekly EMA。 When the weeklies tell you to be bullish or bearish； return to the dailies and use oscillators to find entry points。 Put on long positions in up…trends when prices touch their rising daily EMA and keep adding on pullbacks。 You can also add when daily oscillators； such as MACD…Histogram or Force Index； give buy signals； especially when they coincide with pullbacks。 Reverse the procedure in downtrends。 When the weekly trend is down and daily oscillators rally and reach overbought levels； they signal to sell short； especially when they coincide with rallies to the EMA。
在趋势交易时使用三重滤网，监视长期图表寻找突破，或通过周均线的确认寻找波动。当周线图告诉你上涨或下跌时，回到日线图，用振荡指标找进场点。在上涨趋势中，当价格碰到上涨的日均线时建仓，在回调时不断加仓。你也可以增加日线的振荡指标，比如MACD柱，或力量指数，当它们在回调冲突时，你能得到买入信号。下跌时则相反。当周线图上趋势是下跌，日线图上振荡指标上涨并到达超买水平，信号是做空，尤其是它们和均线冲突时。
The idea is to position yourself in the direction of the market tide and use the waves that go against that tide to build up your initial position。 As a beginner； learn to trade a single small position； but once you start making money； the size of your positions and the number of additions bee a function of money management。
顺着市场的浪潮交易，在回滚的浪潮建仓。作为新手，学习交易小仓位，一旦你开始用现金交易，仓位的大小和加仓的大小都成为资金管理的功能。
Once you recognize a new trend； get in！ New trends； springing out of trading ranges； are notoriously fast； with few or no pullbacks。 If you think you have identified a new trend； hop aboard。 You can reduce your risk by trading a smaller size； but do not wait for a deep pullback。 Those may e later； and you will be able to add to your position。 Jumping aboard a new trend feels counterintuitive； but being in the market makes you more alert to its behavior。 The great George Soros was only half…joking when he said； “Buy first； investigate later。”
一旦你认出了新趋势，上车！横盘时出现的新趋势非常快，很少回调，甚至不回调。如果你认为你确认了新趋势，上车。你可以通过小仓位来减少风险，但不要等到大回调。大回调也许会迟点来，那时你要加仓。跳进新趋势有点违反直觉，但是身在市场更要警惕。伟大的乔治·索罗斯半开玩笑地说：“先买，再研究。”
Place your initial stop at the breakout level； where the new trend erupted from the range。 A rocket that takes off from its launching pad has no business sinking back to the ground。 Do not hurry to move your initial stop。 Wait for a reaction and then a new move before moving your stop to the bottom of that reaction。 The SafeZone stops； which work so well for swings； are much too tight for big trends。 While riding a tide； you must expect the waves to swing against you and still hold your position。
止损下在突破处，新趋势突破横盘的地方。火箭脱离发射塔以后，没有必要再回到地面。不要急着移动止损。等回调，回调以上还会上涨，在回调的底部止损。安全区域止损，对波段交易作用大，对于趋势交易来说，则太紧了。当你趋势交易时，在回调时要继续持有仓位。
Trend trading means retaining your initial position through thick and thin。 You are fishing for very big fish； and you need plenty of room。 One of the reasons so few people make big money from big trends is that they bee anxious and hyperactive and forget to hang on。 Trends are unlike swings； where you must take profits and run fast。 Stay with the trend unless weekly trend…following indicators go flat or reverse。
趋势交易意味着保持你的仓位从开始的多变少。你在钓大鱼，你需要更多的空间。只有很少的人能在大趋势赚大钱的一个原因是大部分人太急，太活跃，忘了坚持持有。趋势不像波段，做波段就要兑现利润逃跑。趋势交易时，要坚持持有，直到周线图上的指标开始走平或反转。
Amateurs often outsmart themselves by trying to pick the end of a trend … a notoriously hard task。 As Peter Lynch aptly put it； trying to catch a bottom is like trying to catch a falling knife … you invariably grab it in the wrong spot。 Trends tend to overshoot rational expectations。 News； daily chart patterns； and other distractions try to throw you off the saddle。 Hang on！ Consider trading a core position and supplementary positions。 You may put on a core position with a wide stop and no definite profit target； while swinging in and out of additional positions … buying on declines to the EMA or selling on rallies to the upper channel line。 Consider using two different accounts for easier record keeping。
业余选手常常自作聪明地去找顶或底——超级难的工作。彼得·林奇说，抄底等于接往下掉的刀——一般都接错了。趋势一般都会超过理性的期望。新闻，日线图模式，其它分心的事物都会把你扔出车厢。坚持住！仓位分为关键仓位和补充仓位。你的关键仓位的止损要宽，不要止赢，补充仓位可以进进出出——回调到均线买入，反弹到通道上线卖出。最好用2个不同的账户交易，这样方便做交易记录。
SWING TRADING Markets spend most of their time going nowhere。 They rally a few days； pause； decline a few days； and rally again。 Small swings … weekly； daily； or hourly … are more mon than big trends。 By the end of the month the market may be higher or lower； but it has traveled up and down several times。 Newers get shaken out； while professionals enjoy the short rides。
波段交易 大部分时间市场是没有方向的。它们涨几天，暂停，跌几天。小的波动——周线的，日线的，或小时线的——比大趋势常见多了。也许在月底时市场涨了一点，或跌了一点，但是它已经波动几次了。新手被洗出来了，而专业人士已经做了几个来回了。
Markets’ tendency to swing above and below value has been statistically confirmed by several researchers。 Swing trading means buying normalcy and selling mania （buy near the rising moving average； sell near the upper channel line） or shorting normalcy and covering depression （sell short near the falling moving average and cover at the lower channel line）。 The best swing…trading candidates are among the most active stocks and blue chips that tend to rock； more or less regularly； within their channels。 Cats and dogs are best left for trend trading。 To draw a list of candidates； start with the 20 most active stocks and a handful of famous blue chips； and choose the ones with the widest channels and the most regular swings。
几个学者已经通过数据统计得到了这个结论，价格总是围绕价值上下波动。波段交易意味着在平静时买，在疯狂时卖（在上涨的均线附近买入，在通道上线卖出），