HOW TO USE STOP LOSS ORDERS
如何止损
With this Method you must always use a stop loss order 1, 2, or 3¢ below the bottom or above the tops made by the Trend Indicator.
你必须要根据趋势指示在行情的底部下或者顶部上1,2或者3美分处进行止损。
Remember that stops are placed above or below the top of bottom on the Trend Line
Indicator, and NOT placed above or below the high and low for the day, except when you are applying the 7 to 10-day Rule and following a pyramiding move up or down, or where there is a Signal Top or Bottom day, when you place stop loss orders above the top of the signal day or below the bottom of the signal day.
牢记止损位置要根据趋势线指标设定在行情底部上面或者顶部下面,不要设在当日的高点上和低点下,除非当你应用7-10天的规则和跟随金字塔式交易上下移动或者在顶底日出现信号,这时你才将止损设定在信号日的顶部或者信号日的底部。
When the market is moving slowly, you can use 1¢ stop loss orders with greater success and larger profits, but when an option fluctuates rapidly the move will often go 1½¢ over a top or under a bottom and not go 2¢, therefore a 2¢ stop loss order will not be caught as often. A stop loss order 3¢ under a Trend Line Bottom or over a Trend Line top will be caught less frequently than a 1 or 2¢ stop loss orders. However, as a general rule, I only advocate using 3¢ stop loss orders in very active markets.
When Wheat is selling at very high prices, then you have to put your stop loss orders further away, but in most cases I never advise using a stop loss order more than 3¢ per bushel away.
当市场运行迟缓时,你可以大量使用1美分的止损成功来获得更大的利润, 但是当一个选择区域快速波动时,行情会经常在1.5美分顶上或底下盘整,但不会超过2美分, 因此2美分的止损点位将不会被套。止损在在趋势线底部下或趋势线顶上3美分处的被套机会将少于在1或者2美分处。 然而,按惯例,我仅仅倡导在很活跃的市场上使用3美分止损。
当小麦价格卖价很高时,你必然将止损设得更远一些,但是在大多数情况下,我从来不建议止损超过3美分/蒲式耳处。
However, after Wheat has had a big advance or a big decline and you have big profits, then you can either follow up with stop loss orders 1¢ under each day’s bottom or above the top, or 3¢ per bushel below or above each day’s bottom or top, or follow down with a stop loss order 5¢ above [below?] the low level of each day or 5¢ per bushel under [above?] the top of each day until your stop is caught. Never risk 5¢ per bushel on any one trade to start with, only when you have big profits can you afford to have your stop loss order 5¢ per bushel away.
然而, 在小麦已经经历过一次大牛市或大熊市并且你已大赚后,那时你可以跟随上涨行情将止损在每天的底或者顶部1美分处,或者跟随下跌行情将止损设在3美分/蒲式耳处,直到你设定的止损有效。从来不要在任何一次交易中冒超过5美分/蒲式耳的风险,只有当您已有大赢利时才能承受得起5美分/蒲式耳的止损位。