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原文链接: https://www.brookstradingcourse.com/ask-al/scalping-strategy-for-1-or-2-point-scalps/ 生成时间: 2026-09-04 15:17
BPA trading room Q&A: May 13, 2015 & May 25, 2011
BPA交易室问答：2015年5月13日 & 2011年5月25日
Today’s Ask Al features two audio extracts on the topic of scalping. The first is taken from earlier this month where Al talks about the losing strategy of trading a 1 point profit target and 1 point stop strategy. The second audio is from the 2011 webinar vault! Here Al talked about what he looks for when going for 1 or 2 point scalps.
今天的Ask Al包含两段关于剥头皮（短线）的音频节选。第一段来自本月早些时候，Al谈到了用1个点目标位和1个点止损的交易策略为何是亏损策略。第二段音频来自2011年的网络研讨会档案！在这里，Al谈到了他在做1个点或2个点剥头皮时所关注的东西。
For convenience, both of the audio files are presented together below. Please scroll down for the transcripts and Al’s ‘funny little man holding a bag of money’! Enjoy.
为了方便起见，两段音频文件合并放在下方。请向下滚动查看文字记录，以及Al的“拎着一袋钱的滑稽小人”。祝愉快。
Scalping and risking 1 point is a losing strategy (May 13, 2015)
用1个点止损做剥头皮是亏损策略（2015年5月13日）
Please comment on why 1 point scalping with stops, with a strict 1 point profit targets and stop losses may be a losing strategy over time. Audio duration: 2min 09sec
请评论一下，为什么用严格1个点目标位和1个点止损来做剥头皮，长期来看可能是亏损策略？音频时长：2分09秒
What Al looks for when scalping 1 or 2 points (May 25, 2011)
Al在做1个点或2个点剥头皮时关注什么（2011年5月25日）
From what I gather, four-point trades tend to be reversal setups, final flags, double tops, etc., and scalps for one point are a lot of different quick trades like selling the 17 or 30 highs for one point. Can you go over the key characteristics you look for in deciding to go for a two-point scalp versus a one-point scalp? Also, what is your stop loss in the two-point scalp? Audio duration: 6min 58sec — Scroll down for images
据我了解，4个点的交易往往是反转形态、最终旗形、双顶等，而1个点的剥头皮则有很多不同的快速交易，比如在17或30的高点卖出赚1个点。你能介绍一下，在决定做2个点剥头皮还是1个点剥头皮时，你关注的关键特征是什么吗？另外，做2个点剥头皮时你的止损设在哪里？音频时长：6分58秒 — 向下滚动查看图片
Audio transcript #1 — May 13, 2015
音频文字记录#1 — 2015年5月13日
Scalping and risking 1 point — A losing strategy
剥头皮且只风险1点——这是一种亏损策略
It really depends on what you’re doing. On a day like this, there are probably 20 stop-entry scalps for one point, but there were probably a whole bunch of other one-point stop-entry scalps that were losers. And to make money over time, scalping for one point, risking one point — if you do the math, if you’re just risking one point, you have to be right probably 60 percent of the time. However, if you’re only risking one point for a one-point scalp, then it’s hard to win 60 percent of the time because very often you’ll get an entry — let’s say a buy — and it pulls back but does not go below the low of the bar. It pulls back more than four ticks, so a lot of the trades will not go beyond the signal bar, but they’ll fall — they’ll come back four or five or six ticks.
这真的取决于你在做什么。在这一天，大约会有20只1点的止损单入场剥头皮交易，但也可能有一整堆其他1点止损单入场的剥头皮交易是亏损的。要想随着时间的推移赚钱，剥头皮1点、风险1点——如果你算一下，只要风险1点，你大约需要正确60%的时间。不过，如果你只为1点的剥头皮风险1点，想赢60%的时间就很困难，因为经常你会得到一个入场——比如说买入——然后回撤但不跌破该K线的低点。回撤超过4个点，于是很多交易不会超过信号K线，但它们会回落——回撤4、5或6个点。
So the math is really hard. I know it’s very appealing to try to minimize risk. When traders start out, their first thought is, “Oh, my gosh, I work so hard to get enough money to open an account. I really don’t want to blow this chance. This is my one big chance.” And the safest way, the most logical way for me to do this is to reduce my risk, so I have to use a very, very tight stop. However, when traders focus so much on one of the three variables, they don’t focus adequately on the others, and if a trader starting out is really concerned about risk, that means he’s probably not paying enough attention to probability, and that’s where traders lose money.
因此，这个计算真的很难。我知道尽量降低风险很有吸引力。交易者刚起步时，他们的第一想法往往是：“噢，我的天，我努力工作只为了攒够钱开户。我真的不想失去这次机会。这就是我唯一的大机会。”对我来说，最安全、最合乎逻辑的做法就是降低风险，于是我不得不使用非常、非常紧的止损。然而，当交易者把注意力过度集中在三个变量中的某一个时，他们往往会忽略其他两个。如果一个新手交易者特别担心风险，这就意味着他可能没有足够关注概率，而这就是交易者亏损的地方。
So they don’t realize just how important probability is, and most of the setups that you have during the day are 40 to 60 percent setups, and if you start going for one point scalp with a one point profit target, you have to be really good at picking all the 60 percent setups and avoiding the 55 percent setups and the 52 percent setups. And it’s just hard to do. Your margin for error is so small. Scalping for one point using a one-point stop, and just doing it with stop entries — you have to be perfect; you have to be really perfect, and I think that is unreasonable to expect from a person who’s starting out.
所以他们没有意识到概率的重要性，你在交易日遇到的多数形态，成功率都只有40%到60%。如果你想做1点的剥头皮，目标获利也只有1点，那你就必须非常擅长挑选所有60%成功率的形态，同时避开55%和52%成功率的形态。这真的很难做到。你的容错空间太小了。用1点止损做1点的剥头皮，只用停损单入场——你必须做到完美，真的要非常完美，我认为这对一个新手来说是不合理的期望。
Audio transcript #2 — May 25, 2011
音频记录 #2 — 2011年5月25日
What Al looks for when scalping 1 or 2 points
Al 在剥头皮交易中寻求 1 或 2 点利润时关注的要点
I understand how you can conclude that based upon what I’m saying, and I talk a lot about that in the new books. Although it’s more often the case than not, it’s not always the case. [Also, what is your stop loss and two point scalp?]
我明白你根据我的话说得出这个结论，我在新书里也经常谈到这一点。虽然这种情况更常发生，但也不总是如此。[此外，你的止损和2点剥头皮是多少？]
Okay, let me deal with the easiest part first. In general, if the bars are around average size for a two-point scalp or a one-point scalp, I’ll use a two-point stop. In general, I prefer to take trades that I think are good for two points, and those are my main focus during the day. Some of them I think are going to be good for four points, and usually I’ll get out about half at two points and then half at four points. Sometimes, I’ll get out a quarter at one point, a half at two points, and then a quarter at four points.
好，我先处理最简单的部分。一般来说，如果K线的大小大约适合进行2点或1点的剥头皮交易，我会使用2点止损。一般来说，我更倾向于进行我认为能赚取2点的交易，这些是我一天的主要关注点。其中一些我认为可能会赚取4点，我通常会在赚到2点时平掉一半，然后在赚到4点时再平掉剩余的一半。有时候，我会先在1点时平掉四分之一，然后在2点时平掉一半，最后在4点时再平掉剩下的四分之一。
Now, on the two-point scalp, I look for key swings. Could have tried to short below 5 for two points, but I was really looking to buy, so I thought the buy was a high probability buy, so I ended up buying below 10. I could have bought above 11. That would have been okay as well.
现在，对于2点剥头皮，我会寻找关键波段。我本来可以尝试在5点下方做空以赚取2点，但我实际上在寻找买入机会，我认为这次买入是高概率的买入，所以我最终在10点下方买入。我本来也可以在11点上方买入，那样也可以。
28, I think, was a reasonable short possibly for two points. The market could get down to the 18 low, but I was concerned that it may stall at the 24 low. 56, I thought was a great set up for two points. They turned it down at nine ticks, and when I saw the smallish entry bar at 67, the weak follow-through on 57, the weak follow-through on 58, 59, and then 10. 60 hitting my limit order several times and not filling, I quickly moved my limit order to one tick lower.
我认为28号K线可能是个合理的做空点位，可能有2个点的空间。市场可能会跌到18号K线的低点，但我担心它可能会在24号K线的低点停滞。我认为56号K线是个很好的做空机会，可以赚2个点。他们在9个tick时就把价格打了下来，当我看到67号K线的入场K线较小，57号K线的后续跟进较弱，58、59号K线以及10号K线的后续跟进也较弱，60号K线多次触及我的限价单却未成交时，我迅速将我的限价单下调了一个tick。
Four point trades
四点交易法
Let me go back to your first question. From what I gather, four-point trades tend to be reversal set-ups. That’s true; they tend to be reversal set-ups because you make four points or more, usually, you have to be at an extreme, which usually means the reversal. The point I was making earlier in the day that the spike up from 11 to 15 was so strong that it should go for a measured move up. If a trader bought the 14 close or even the 15 close, they probably had a 60 percent chance of making as many points as they had to risk.
让我回到你的第一个问题。从我了解的情况来看，四点交易往往是反转形态。这是正确的，它们往往是反转形态，因为你赚取四点或更多，通常情况下，你必须处于极端位置，这通常意味着反转。我今天早些时候提到的观点是，从11到15的急涨非常强劲，应该会进行一次等距上涨。如果交易者在14号K线的收盘价或甚至15号K线的收盘价买入，他们可能有60%的机会获得与风险相当的收益点数。
So let’s look at the 15 close. So if a trader bought the 15 close, they were risking about five points or so, maybe more than five points — five-and-a-half points. I think there’s a 60 percent chance that they’ll make five points before their breakeven stop is hit. I have an entire section on the mathematics of trading in the new books, and I talk a lot about it. But anyway, that’s an example of if you’re a swing trader, you could be buying a breakout and have a good chance of making four points while risking four points, or making five points by risking five points.
所以让我们看看15号K线收盘价。如果交易者在15号K线收盘价买入，他们大约要冒五个点的风险，甚至可能超过五个点——五个半点。我认为他们在止盈点被触及前有60%的概率能赚到五个点。我在新书里有整章讲交易的数学，经常谈到这一点。不管怎样，这说明如果你是波段交易者，你可以在突破时买入，以四个点的风险去争取四个点的利润，或者以五个点的风险去争取五个点的利润。
In general, though, what you’re saying is correct. Most of the time when you’re expecting four points, you’re buying some kind of reversal . You want to argue that 11 is a reversal up rather than a bull flag, I think you can argue that. I did not short 70 because I thought it was a low probability for four points. I thought it was a relatively low probability for two points. I thought after the failed Low 2, the market would try to have a second push out. So I was looking to buy, but then we started to channel down and it never gave me a buy set-up.
不过，总的来说，你说的没错。大多数情况下，当你预期四点时，你是在买入某种反转。如果你想说11号K线是向上反转而不是多头旗形，我认为你可以这样说。我没有做空70号K线，因为我认为它获得四点的概率很低。我认为它获得两点的概率相对较低。我认为在低点2失败后，市场会尝试第二次推进。所以我在寻找买入机会，但随后市场开始向下通道运行，从未给我提供买入机会。
In general, there are at least five decent trades a day that are good for two points. On an average day, there is usually a couple trades good for four points, and usually scalps — stop-entry scalps, usually at least 10, and limit-entry scalps, usually at least at 15 or so. In general, I take the scalps when they’re obvious. It’s like somebody’s handing out a bag of money saying, “Take this,” and I don’t want to say, “No, I’m looking for a two-point trade and I don’t want to get distracted.” A lot of times, I’ll just grab those little bags of money and put them in my pocket.
一般来说，每天至少有五笔不错的交易，可以获得两点利润。在平均交易日，通常有几笔交易可以获得四点利润，通常都是剥头皮交易——停损入场剥头皮，通常至少有10笔，限价入场剥头皮，通常至少有15笔左右。一般来说，当剥头皮机会很明显时，我就会出手。就好像有人递给你一袋钱，说：“拿去吧”，我不想说：“不，我在寻找两点的交易，我不想分心。”很多时候，我会直接拿起那些小袋子里的钱，放进我的口袋里。
The basis of Al’s trading
Al 交易的基础
What I look for all day long is trades that are good for two points and have a 60 percent probability. My risk is two points, my reward is two points, my probability is 60 percent. That is the basis of all my trading. And a lot of them are good enough for four-points, so sometimes you’ll hear me say, “Okay, I’m out at half or I’m out at three-quarters and I’m gonna let the remaining half or quarter go for four points.” That is what I mainly do all day long, but there are so many one-point scalps, I end up taking a lot of them and I can make a whole bunch of points on those one-point scalps. But that is not my focus; that is just that funny little man holding out a bag of money and offering it to me and I’m taking it. But I’m not out looking for those. I’m out looking for the two-point trades and the four-point trades.
我整天都在寻找能获得两点利润且概率在60%的交易。我的风险是两点，我的回报是两点，我的概率是60%。这是我所有交易的基础。其中很多交易足以获得四点利润，所以有时你会听到我说：“好吧，我在半仓或四分之三仓位出局，我会让剩余的半仓或四分之一仓位继续持有，争取四点利润。”这就是我整天主要做的事情，但有一点利润的剥头皮交易太多了，我最终做了很多这样的交易，我可以在这些一点利润的剥头皮交易中赚取大量点数。但这不是我的重点；这只是那个滑稽的小人递给我一袋钱，我就拿了。但我不是专门去寻找这些交易的。我在寻找两点和四点的交易机会。
In general, I want to buy above bull bars, like I want to buy above 11. I want to—if the trend is up, or I want to buy above 19 or I want to buy above 25, or above 56, or above 66. In general, if there’s clearly a strong trend, like there was from 1 to 28, I’ll only short below a really strong bear bar, like below 28. That would be okay.
一般来说，我想在多头K线上方买入，比如我想在11号K线上方买入。如果趋势向上，我想在19号K线上方买入，或者在25号K线上方买入，或者在56号K线上方买入，或者在66号K线上方买入。一般来说，如果有明显的强势趋势，比如从1到28号K线，我只会在非常强势的空头K线下方做空，比如在28号K线下方。这样做是可以的。
Yes, the most profit potential takes place on reversal trades, but most of the reversal trades also have a lower probability. Like, I didn’t think of 70 as a high probability trade under the circumstances, but there’s a very big reward available even though it was probably a 30 percent chance of being reached. But it still pencils out, I’m sure, to be a decent swing short.
是的，最大的利润潜力出现在反转交易中，但大多数反转交易的概率也较低。比如说，我认为在当时情况下70不是高概率交易，但即使只有大约30%的机会达到，仍然有非常大的回报空间。不过，我认为这仍然可以算作一个不错的波段做空。
I thought it was higher probability that we would have two legs up, so I prefer to wait for the two legs up. My set-up never came, so I never took the trade that I was looking for — it never happened. And that’s okay, I look for high-probability trades because if I’m going for two points — risking two points, I have to have at least a 60 percent chance of success to even break even. So I’m always looking for high-probability trades.
我认为出现两条上升腿的概率更高，所以我更倾向于等待两条上升腿出现。我的形态一直没出现，所以我也没有进行我所期待的交易——它根本没有发生。没关系，我一直在寻找高概率交易，因为如果我只追求两个点——冒两个点的风险，我至少需要60%的成功率才能保本。因此，我一直在寻找高概率交易。
Yes, most of the swings are low probability, 40 to 50 percent if you’re going to make four points. And I talk about this fairly regularly: that if you’re taking low, lower-probability trades, you pretty much have to take every one because if you cherry-pick, you’ll tend to pick all the bad ones and not pick the one good one that you need to make the strategy worthwhile. And then as an alternative, you can stick to higher probability trades and you don’t have to pick every one for the strategy to be profitable because everyone by itself has a profitable, mathematical expectation to it. You can just take those.
是的，大多数波段交易的概率较低，如果你想赚取四个点，成功率大约在40%到50%之间。我经常谈到这一点：如果你进行低概率、甚至更低概率的交易，你基本上必须把每一次都做完，因为挑拣的话，你往往会挑掉所有不好的交易，而错过唯一能让策略有价值的那个好的交易。另一种做法是坚持高概率交易，你不必每一次都参与，因为每笔交易本身就具有盈利的数学期望，策略仍能盈利。你只需取那些交易即可。
As far as taking the one-point scalps, the problem is knowing that the trade has a 70 to 80 percent probability of success. And that’s very hard to determine. And once you see a trade that you think has a 70 or 80 percent chance of success, it probably is a two-point set-up so you shouldn’t be scalping one point anyway. You should be going for two points.
至于进行一点剥头皮交易，问题在于你必须知道该交易有70%到80%的成功概率。这一点很难判断。而且，一旦你认为某个交易有70%或80%的成功机会，它很可能其实是一个两点的形态，这时你就不应该再去剥头皮只赚一个点，而应该瞄准两个点。
Al Brooks
Al Brooks
Information on Al’s Online day trading room
关于Al的在线日交易室的信息