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原文链接: https://www.brookstradingcourse.com/ask-al/breakout-pullbacks-trading-4-point-stop-for-1-point-scalp/ 生成时间: 2026-09-03 22:28
BPA trading room Q&A: September 4, 2015
BPA 交易室问答：2015年9月4日
I trade breakout pullbacks. I always need three or four-point stops to make one to two points. Is that acceptable?
我交易突破回撤。我通常需要设置三到四个点的止损，才能赚取一到两个点。这样可以吗？
Video duration: 5min 13sec
视频时长：5分13秒
You can also view this video on Al’s YouTube Channel if needed.
如果需要，你也可以在 Al 的 YouTube 频道上观看这个视频。
Video transcript
视频字幕
Scalping breakout pullbacks with wide stops
用宽止损短线交易突破回撤
I do that all the time. So can you use a four-point stop to make a one-point scalp? On most days, if the days’ range is 40 points, you’re not going to do it. But if the range is 10 points, sometimes 20 points, and we’re in a fairly quiet trading range part of a 20-point day, sometimes I will risk four points to make one point but only if I’m willing to scale in. So for example, let’s say I placed a limit order to buy the 6 low, I’m probably not going to get my one-point profit right away; I’m probably going to buy more one point lower and probably going to use a five or six-point stop.
我经常这样做。那么，你能用4点的止损来做1点的短线交易吗？在大多数情况下，如果当天的波动范围是40点，你是做不到的。但如果波动范围是10点，有时是20点，而我们正处于一个相对平静的20点交易区间内，有时我会冒4点的风险来赚取1点，但前提是我愿意加仓。例如，假设我下了一个限价单买入6号低点，我可能不会立即获得1点的利润；我可能会再买入一个更低的点位，并可能使用5或6点的止损。
What do you know about probability ? When you ask that question, you know something. You’re saying, “Can I make a one-point scalp using a four-point stop?” Immediately, what are you saying? There are always three variables and you just gave two of them. You said big risk, small reward. So you automatically know probability. Anytime you have small reward, big risk, you have a bad risk reward ratio where your risk is much bigger than your reward. That’s a terrible risk/reward ratio. If you have a terrible risk/reward ratio, you know that the probability has to be high, right, because the guy on the other side cannot have everything going his way. So anytime you’re using a wide stop, your probability’s going to be high, but your wide stop means that you’re risking a lot so if you use a wide enough stop, you can pretty much buy any day and make money, and you can pretty much sell any day and make money. If you use a 100-point stop, and you buy at any point and then scale in 20, 30, or 40 points lower, you’re almost certainly going to make money. You’re going to make money probably 80 percent of the time, but occasionally — maybe 10 or 20 percent of the time — you’re going to lose 100 points, but the math is okay.
你对概率了解多少？当你提出这个问题时，你已经知道了一些东西。你在问：“我能不能用4点的止损来做1点的剥头皮交易？” 你马上就说了什么？ 总是有三个变量，而你只给出了其中的两个。你说的是高风险、低回报。所以你自动地就知道了概率。任何时候，当回报很小、风险很大时，你就有了一个糟糕的风险回报比，你的风险远远大于你的回报。这是一个非常糟糕的风险回报比。如果你有一个非常糟糕的风险回报比，你就知道概率必须很高，对吧，因为另一边的人不可能一切都顺遂。所以，任何时候，当你使用宽止损时，你的概率就会很高，但你的宽止损意味着你承担了很大的风险，所以如果你使用足够宽的止损，你几乎可以在任何一天买入并赚钱，你几乎可以在任何一天卖出并赚钱。如果你使用100点的止损，并在任何点位买入，然后在20、30或40点更低的位置加仓，你几乎肯定会赚钱。你可能有80%的时间会赚钱，但偶尔——也许10%或20%的时间——你会损失100点，但数学上是可行的。
Experience and comfort needed for scaling in
加仓需要经验和心理上的适应
But back to your question, “Is it okay to risk four points to make one point?” Only if you’re not going to scale in, if you have to be right 90 percent of the time or else it’s a losing strategy, and really good traders I know — I’ve traded with a bunch of traders who win 90 percent of the time, scalpers who win 90 percent of the time so it can be done. But if you’re starting out, that is not what you should be doing because you are not going to be winning 90 percent of the time. And also, you should not be scaling in. However, if you start getting some experience and some comfort and you can trade small enough so that you’re perfectly comfortable scaling in, then you can do that. But you got to make sure that you’re reading the market cycle correctly. You don’t want to be buying in a really tight channel bear trend because if you look at the 15-minute chart and you say, “Wait a minute, on the five-minute chart it’s a bear channel, but on the 15-minute chart it’s a bear breakout. Every bar is closing on its low.” So you have to make sure that you’re assessing the market correctly — which is easier, in hindsight, but that’s really key if you’re going to be taking a small profit/big risk trades, and especially if you’re scaling in. You have to really know what you’re doing and you have to be really comfortable with what you’re doing.
但回到你的问题，“冒四个点的风险去赚一个点，这样可以吗？”只有在你不打算加仓的情况下才可以，如果你必须90%的时间都正确，否则这就是一个失败的策略。我认识一些非常优秀的交易者——我和一群胜率达到90%的交易者一起交易过，他们是胜率90%的剥头皮交易者，所以这是可以做到的。但如果你刚开始交易，就不应该这样做，因为你不会有90%的胜率。此外，你也不应该加仓。然而，如果你开始积累一些经验，感到舒适，并且能够小到足以让你完全舒适地加仓，那么你就可以这样做。但你必须确保你正确地解读市场周期。你不想在非常窄幅的空头趋势通道中买入，因为如果你看看15分钟图表，你会说：“等一下，在5分钟图表上，这是一个空头通道，但在15分钟图表上，这是一个空头突破。每一根K线都在低点收盘。”所以你必须确保你正确地评估市场——这在事后看来更容易，但如果你要进行小盈利/大风险的交易，尤其是如果你要加仓，这确实是关键。你必须真正了解你在做什么，并且必须对你在做的事情感到非常舒适。
A lot of times, maybe I can find you an example of something here. I’m looking for one specific thing that happens fairly often, and because I’m saying it happens fairly often it’s going to be hard to find. What I’m looking for is a reasonable buy. This is really — this is kind of an example of it, but it’s not a very good example of it. But let’s say 36 is a great-looking buy; bulls will buy the high, they’ll use a very wide stop, and they’re willing to scale in. They don’t make a profit and immediately break strongly to the downside. They’ll buy more on the reversal up. And if this is a reasonable buy and the context is good and the signal bar is decent, buying that reversal up and getting out breakeven is a logical strategy. Even if you have a breakout like this — a five bar bear breakout. So to me, if I’m trading a fund and 36 looked like a pretty good buy, I would either buy 36 and then buy the reversal up above 44 or 45, or not buy 36 and then when I get down here I’m thinking the scale-in bulls will buy and we’ll get back to that high so I’ll buy the reversal up. So that’s the kind of thing that I’m talking about.
很多时候，我也许可以在这里为你找到一个例子。我在寻找一种经常发生的具体情况，但正因为我说它经常发生，所以很难找到。我在寻找一个合理的买入点。这确实是一个例子，但并不是一个很好的例子。假设 36 是一个非常好的买入点；多头会买入高点，他们会使用非常宽的止损，并且愿意加仓。他们没有获利，价格立即强势下跌。他们在反弹时买入更多。如果这是一个合理的买入点，且背景良好，信号 K 线也不错，那么买入反弹并平仓离场是一个合理的策略。即使你遇到这样的突破——一个五根 K 线的空头突破。所以，对我来说，如果我在交易一只基金，而 36 看起来是一个不错的买入点，我要么买入 36，然后在反弹到 44 或 45 以上时再买入，要么不买入 36，然后当我下跌到这里时，我认为加仓的多头会买入，我们会回到高点，所以我会买入反弹。这就是我所说的这种情况。
Good read on market cycle also needed
也需要好好研究市场周期。
If you have enough experience and you’re pretty confident, and you read of what the market cycle is doing, what the price action is doing, then you can do that, but if you get very stressed out and very upset, and very worried as you get four of five bar breakout against you, obviously you should not be doing that; not only because you’ll mess up and not make money, more importantly, you got to like your job, right, and if you’re stressing out and feeling really miserable, and unhappy, and tense, that’s not fun. You don’t want to do that.
如果你有足够的经验，并且非常自信，能够读懂市场周期在做什么，价格行为在做什么，那么你就可以这样做。但如果你因为出现四五根K线的突破而对你不利时感到非常紧张、沮丧和担忧，那么显然你不应该这样做；不仅因为你会搞砸并无法赚钱，更重要的是，你必须喜欢你的工作，对吧？如果你感到压力大、痛苦、不开心和紧张，那就没有乐趣了。你不想这样做。
Al Brooks
阿尔·布鲁克斯
Information on Al’s Online day trading room
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