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原文链接: https://www.brookstradingcourse.com/ask-al/trade-management-examples/ 生成时间: 2026-09-04 15:26
Two trade management examples BPA trading room Q&A: April 27, 2016
两个交易管理示例 BPA 交易室问答：2016年4月27日
Question 1: I shorted above 66, okay, thinking that there might be a pullback for a scalp. Instead, I exited for a loss even after scaling in. Can you comment on this trade? Video duration: 5min 00sec
问题1：我在66上方做空了，以为可能会有回撤可以短线交易。结果，即使我加了仓，还是以亏损平仓了。你能对这笔交易发表评论吗？视频时长：5分00秒
You can also view this video on Al’s YouTube Channel if needed.
如有需要，也可以在Al的YouTube频道观看此视频。
Bull breakout of bear flag
空头旗形的多头突破
To me, I thought the odds were we might get a double bottom. To me, I personally would not have taken that short, because we got a bull breakout on 65 so we have a bear flag here and we’re getting a bull breakout of a bear flag. So it makes me wonder if we’re going higher. So had I sold above 66, I’m going to buy back 67, close 68, close — maybe even go long. You can see that if you held for the rest of the day and sold more below a bear bar, you would have gotten out maybe around breakeven. So in terms of management, that would be my issue. So for me, if I’m selling the 66 close thinking trading range — instead we get a bull breakout of a bear flag, with follow-through 69 — I automatically get out and if I’m flat, I pretty much automatically get long.
在我看来，我认为可能出现双底。在我看来，我 personally 不会做那个空单，因为在65出现了多头突破，这里形成了一个空头旗形，而我们正在出现对该空头旗形的多头突破。这让我怀疑价格是否会继续上涨。所以如果我在66以上卖出，我会在67买回，68平仓，再次平仓——甚至可能直接做多。你可以看到，如果你持有到当天结束并在阴线下方继续卖出，你可能就在盈亏平衡点附近离场。从管理角度来看，这就是我的问题。就我而言，如果我在66点平仓时以为是交易区间——结果却得到的是空头旗形的多头突破，并且有后续跟进到69——我会自动平仓；如果我是空仓，我基本上会自动做多。
Get out if needed—fast
如果需要，就迅速离场。
So this is the thing: It happened so fast. They sell the 66 close and they say, “Wait a minute, 67, it should have turned down. Instead, it’s a big bull bar closing on its high. I got to calm myself down here. Maybe I’ll wait a bar or two,” and then all of a sudden it just keeps going up and up and up. That’s why I have all of these mechanical defaults that I do, and sometimes mess me up — getting out of things too early — but it’s less stressful. So if I make a bad trade — let’s say I sell 66 high and you get that big bull breakout at 67, my trade becomes bad, right? Whether or not it was a good idea doesn’t matter. It’s now bad. We’re getting a bull breakout of a bear flag. I’m just got to get out. I’m not going to worry about scaling in, saying maybe I can minimize my loss. The market’s going higher, so I got to get out.
事情就是这样：它发生得太快了。他们卖出66号K线的收盘价，然后说：“等等，67号K线，它本应该下跌的。但结果却是一根大阳线，收盘价接近最高点。我得冷静下来。也许我会等一两根K线。”然后突然间，价格就一直上涨，上涨，再上涨。这就是为什么我有这些机械化的默认操作，虽然有时候会让我陷入困境——过早地退出交易——但这样压力会小一些。所以，如果我做了一笔糟糕的交易——比如我在66号K线的高点卖出，然后在67号K线出现大阳线突破时，我的交易就变得糟糕了，对吧？无论这是否是一个好主意，都不重要。现在它已经糟糕了。我们正在经历空头旗形的多头突破。我只需要退出。我不会担心加仓，说不定我可以减少损失。市场正在上涨，所以我必须退出。
Question 2: Sold the 14 high, moving average test, scaled in higher, stopped out above 2 — okay, that’s way over here — exited 43. I sold the 14 high on the moving average test, so you sold this high, okay? Scaled in higher, stop above 2 – okay — exited bar 43 and did not want to hold into the FOMC report , and thought this was the best I could get. Could have broken even on 47 had I waited. Did I handle it right, not to be selling the 14 high?
问题2：我在均线测试时卖出了14号K线的高点，然后向上加仓，止损单在2以上——好吧，那是在那边远远的——我在43号K线退出。我在均线测试时卖出了14号K线的高点，也就是说你在这高点卖了，对吧？向上加仓，止损单在2以上——好吧——我在43号K线退出，我不想持有到FOMC报告出来，我觉得这是我能得到的最好结果。如果我等到47号K线，本来可以持平。我这样处理对吗？不卖14号K线的高点？
Selloff not strong
下跌力度不强
My only thought is I thought, coming in, that the selloff was not all that strong. I thought the day would be pretty much a neutral day going into the report, and then we had a micro-double bottom, 15 and 19 closing on its high. I thought probably a minor reversal, but when I start to see bars closing on their highs like that, I’m starting to suspect that we may go higher.
我唯一的想法是，进场时我认为这次卖压并不算特别强。我认为这一天在报告出来前大概率是个中性日，随后出现了一个微型双底，15号K线和19号K线都收在其高点。我最初觉得可能只是一次小幅反转，但当我看到K线连续收在高点的时候，我开始怀疑行情可能会继续向上。
I knew that we were going to get to the 14 high, right? But that does not mean that we stop at the 14 high. Usually when it gets there, you get two things that happen: One is the rally is weak and you test back down. This is not weak; we have all these bars closing on their highs. The other is you get a measured move up, okay, based on the height of the bar. So it takes us up there [B7]. So once we start going three, four ticks above the 14 high, I think we’re probably going to go up for a measured move. So for me, I would not do it. Also, if we have a reversal and we have three bull bars closing in on the highs and we have another couple of bull bars closing on their highs, I will sell at the moving average to take profits on the longs. I will not sell at the moving average to get into a short. I don’t like to see consecutive bull bars, especially three out of four closing on their highs like that. I’d need the market to go a little bit sideways before I did it. And as far as keeping your stop above 2, I thought that was probably okay. When you see this [bull BO to B25], you know you can get a second leg up, so pullback second leg up — and a bear bar here [B37]. Theoretically you get scale-in bears who will sell below the bear bar trying to get back down to the 14 close.
我知道我们会到达14号高点，对吧？但这并不意味着我们会在14号高点停下来。通常当价格到达那里时，会发生两件事：一是反弹疲软，价格回落测试。但现在的情况并不疲软，我们看到这些K线都收在了高点附近。另一件事是，你会看到一个基于K线高度的等距上涨，好吧，这把我们带到了那里[B7]。所以，一旦我们开始上涨到比14号高点高出三、四个点，我认为我们可能会进行一次等距上涨。所以对我来说，我不会这样做。此外，如果我们出现反转，有三个多头K线收在了高点附近，还有另外几个多头K线也收在了高点附近，我会在均线处卖出以获利了结多头头寸。我不会在均线处卖出以建立空头头寸。我不喜欢看到连续的多头K线，尤其是当四根中有三根收在了高点附近时。我需要市场稍微横盘一段时间后再行动。至于将止损保持在2号上方，我认为这可能是可以接受的。当你看到这个[多头突破到B25]时，你知道可能会出现第二波上涨，所以回撤后第二波上涨——这里有一根空头K线[B37]。理论上，会有分批建仓的空头在空头K线下方卖出，试图让价格回落到14号收盘价。
Scaling in with wide stop
宽止损下的加仓
That’s a lot to process, but in general it’s okay to use the wide stops above 2. But if you do I think it’s better if you look to sell again below a bear bar, either here [B31] or here [B37], and then simply try to get out breakeven on the entire trade and give up on the idea of a profit. For me, I usually get out on the breakout and the follow-through. So if I’m shorting and the market breaks out against me, and has follow-through, I think there’s too much risk of a measuring gap. So I usually just get out, and if anything I look to quickly take a trade in the opposite direction.
这需要处理很多信息，但总体来说，使用 2 以上的宽止损是可以的。但如果你这样做，我认为最好再寻找机会在阴线下方卖出，无论是在这里 [B31] 还是这里 [B37]，然后只需尝试让整个交易持平出局，放弃盈利的想法。对我来说，我通常会在突破和后续跟进时离场。所以如果我做空，而市场突破了我的止损并出现后续跟进，我认为存在很大的等距缺口风险。所以我通常会直接离场，如果有机会，我会迅速在相反方向开仓。
But selling the 14 high, my concern was too many bull bars. Plus the micro-double bottom, and you have the expanding triangle. And we had, basically, two large legs down and then two small legs down here, so I thought the best the bears probably were going to get here was a trading range. So you can argue you’re selling at the moving average in a trading range — yes, that’s true — but too many bars up — there’s just too many bars up in here for me to take a first entry short or a limit order short.
但我在卖出14号高点时，担心的是多头K线太多。再加上微型双底，还有扩张三角形。我们基本上有两个大的下跌腿，然后这里有两个小的下跌腿，所以我认为空头在这里能得到的最好结果可能是个交易区间。所以你可以说你在交易区间内卖在均线上——是的，这是真的——但K线太多了——这里有太多上涨K线，我不会选择首次做空或下限价单做空。
Okay? I hope everybody has a good night.
好吗？我希望大家都有一个美好的夜晚。
Al Brooks
Al Brooks
Information on Al’s Online day trading room
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