文档介绍：Basic Day Trading Techniques
By Michael S. Jenkins
Ensign Windows Copyright 2007
PREFACE
During the past 36 years as a professional trader I e to know
a great many traders of all types and abilities. Their styles were as varied
as was their ess but most were disciplined and knew how to take a
loss at the appropriate time. I have noted on many occasions that the
ess that many traders found was often luck, or due to some belief in a
system, which was not always proven, but for many months at a time
worked perfectly. Many of these traders made and then lost fortunes but I
was always a keen observer of the few who always made money and rarely
lost. These traders limited their trading to specific situations, which were
familiar to them, and they never had the urge to trade everything
everyday. They also followed certain principles as to entry and exit and
always used stops.
During the bubble mania that culminated with the 2000 top I was
affiliated with perhaps the worlds largest day trading firm which had over
a thousand traders and many offices across the country, and I taught an
evening class for some and often had many stop by my office to see what I
was trading and get some advice. What was always a shock to me was that
there were an enormous number of traders who were trying to trade for a
living and most hadn't the slightest idea what they were doing. They had
money and read a book or two and used some kind of crossover moving
average or oscillator, but they didn't know the basic principles behind
why charts worked or the well-known square root basis for all market
movement. Also during this time, I had the opportunity to teach my
private personal seminars to many people who had the money and
experience not afforded ordinary traders but who nevertheless also didn't
seem to know the basic principles of trading. Most had read a popular
book, or went to extensive seminars but most didn't realiz