本文为 MEPA 导入的中英对照学习资料，原文归原作者及原站所有；中文译文尚未逐篇校对。页面日期为本站收录日期，原资料生成时间不代表原文发布日期。
原文链接: https://www.brookstradingcourse.com/ask-al/automated-trading-and-emotions/ 生成时间: 2026-09-04 15:16
BPA trading room Q&A: May 6, 2015
BPA 交易室问答：2015年5月6日
I’m sure that you looked at automated trading in your long experience. What are your thoughts on automated trading for small volume retail traders, especially for those who cannot usually control emotions? Audio duration: 3min 55sec
我相信你在长期的交易经验中研究过自动化交易。你对小额零售交易者使用自动化交易有什么看法，尤其是那些通常无法控制情绪的交易者？ 音频时长：3分55秒
Audio transcript
音频文字记录
Sell! Sell Now! No! No! Buy! Buy! Sell!
卖！现在就卖！不！不！买！买！卖！
I think traders using automated trading are going to lose. My experience is I spent – I don’t know – more than 10,000 hours testing all kinds of trading ideas, and I spent a whole bunch of time trying automated trading, and for me, I kept seeing exceptions to every rule. So I’d write systems, and as I’m getting triggered into a trade, I’m looking at it and I’m saying, “Wait a minute, that bear bar is bigger than I think it should be. I should not buy here.” Or the signal bar – although it’s a signal bar, it’s small relative to the past three bear bars. So I kept overriding the system and I ended up concluding that my personality is not good for automated trading.
我认为使用自动化交易的交易者会亏损。我的经验是，我花了——我不知道——超过10,000个小时测试各种交易想法，并花了大量时间尝试自动化交易，但对我来说，我总是发现每个规则都有例外。所以我会编写系统，当我被触发进入交易时，我会看着它，说：“等一下，那根阴线比我认为的要大。我不应该在这里买入。”或者信号K线——尽管它是一根信号K线，但相对于过去三根阴线来说，它很小。所以我不断地推翻系统，最终得出结论，我的性格不适合自动化交易。
Also, in my gut, I felt that if it was that simple, Goldman Sachs would already be doing it, or they would be doing the opposite, and I think it would be really hard to make money doing it. I don’t know of anyone who’s made money long term, doing automated trading. Unless you’re a high frequency trading firm or a hedge fund and really are extremely good with the math, I personally would not do it.
此外，我内心深处觉得，如果这件事这么简单，高盛早就这样做了，或者他们会做相反的事情，我认为这样做很难赚钱。我不知道有谁通过自动化交易长期赚钱。除非你是一家高频交易公司或对冲基金，并且数学能力非常强，否则我个人不会这样做。
It sounds good and TradeStation makes it sound like it’s possible, but the reality is I think it’s really, really difficult to do it. The market is like melted plastic, so any pattern that you have, you have to be able to deform it in your mind and stretch it to extremes beyond which you thought were likely. And any back-testing that you do with automated trading, is limited because they’re sample errors. The market behaves differently at different times, and I’ve mentioned many times before, the high-frequency trading firms, most of the algorithms they use, they just use for a few days, maybe a week, and then they change because the market changes. And if you do automated trading, and you do testing, and you find something that looks like it works, it works in that time period. And if you look carefully at your system, you may discover that there was one huge win, and if you take that huge win out, the system loses money. Or there might be two huge wins out of 15 trades, and if you take those out, you lose money.
这听起来不错，TradeStation 也让它听起来像是可行的，但现实是，我认为这真的很难做到。市场就像融化的塑料，所以你拥有的任何模式，都必须能够在脑海中变形，并将其拉伸到你认为不可能的极端程度。你对自动化交易进行的任何回测都是有限的，因为它们存在样本误差。市场在不同时间的行为不同，我之前提到过很多次，高频交易公司使用的多数算法，他们只使用几天，可能一周，然后就会改变，因为市场在变化。如果你进行自动化交易并进行测试，发现了一些看起来可行的东西，那么它只在那个时间段内有效。如果你仔细检查你的系统，可能会发现有一个巨大的盈利，如果你把这个巨大的盈利去掉，系统就会亏损。或者在15笔交易中可能有两次巨大的盈利，如果你把这些去掉，你就会亏损。
And the message there is, if you take the trade – if you’re doing it automated and you do not trade today and you go back tomorrow to automated trading, and today was that one big win that you needed, then your system is left with all the losers and you end up losing. So I don’t have time or energy to talk about it, but I think the solution is to really work on your emotions and not on automated trading – and it’s hard, and it’s hard for all of us.
意思是说，如果你进场交易——如果你是在做自动化交易，而今天你不交易，明天再回到自动化交易，今天恰好是你需要的那一次大赢，那么你的系统就会只剩下所有的亏损交易，最终你还是会亏钱。我没有时间和精力去讨论这个，但我认为解决办法是真的要去处理你的情绪，而不是依赖自动化交易——这很难，对我们所有人来说都很难。
They’re out to get me
他们想害我
I remember I used to get so upset. I used to take things personally. “They’re out to get me. I’m just not good enough. I don’t deserve it. I’m not loveable.” Anything you can imagine. And eventually, I just got past my emotions and I came to accept – strongly accept – that nobody cares; nobody knows I exist; nobody cares if I exist; nobody’s trying to take my money; I don’t have enough money for them to take, and I’m just out here trading just like they are. I’m doing it on a much smaller scale than Goldman Sachs, but I’m doing what they’re doing. And if I’m objective and I do things as well, and I don’t make mistakes, I can make money. And I can make money long term.
我记得以前我常常很生气，总是把事情往自己身上想。“他们想害我。我就是不够好。我不配得到这个。我不值得被爱。”你能想象的一切都有。后来，我终于克服了情绪，开始强烈地接受——实际上是坚定地接受——事实是：没人在乎你；没人知道你存在；没人在乎你是否存在；也没人真的想拿走你的钱；你根本没有足够的钱让他们去拿；你在这里交易，和他们一样。虽然我的规模远比高盛小，但我在做他们做的事。如果我能保持客观，把事情做好，不犯错误，我就能赚钱。而且我可以长期赚钱。
But it’s all on me. Eat what you kill. Everyone wants a protector; a God, a mentor or someone to guarantee that they will not lose money. That’s not the way the world works – especially the trading world. There’s no one there to watch out for you and you have to do it on your own, and it takes a long time to get to that point, but you can do it, right? But, it’s nice to think an automated trading system will protect you from yourself, but I think you’ll lose money. I think the answer is, to just be patient, take months or years to work on yourself, trade very small, and go in with low expectations. And then once you’re consistently profitable work on increasing your size.
一切都只能靠自己。吃你自己捕获的东西。每个人都想要一个保护者——上帝、导师或能保证他们不亏钱的人。世界不是这么运作的——尤其在交易世界。没有人会替你把关，你必须自己来做到这一点，虽然需要很长时间才能达到，但你可以做到，对吧？不过，觉得自动化交易系统能保护你免受自己伤害是很好的幻想，但我觉得你会亏钱。我认为答案是：保持耐心，花几个月甚至几年时间来修炼自己，交易规模要非常小，抱着低期望进入市场。等到你稳定盈利后，再考虑逐步加大仓位。
Al Brooks
Al Brooks
Information on Al’s Online day trading room
关于 Al 的在线日间交易室的信息