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原文链接: https://www.brookstradingcourse.com/ask-al/trade-stop-management-scaling-in/ 生成时间: 2026-08-29 15:37
BPA trading room Q&A: June 17, 2015 (Part 1)
BPA交易室问答：2015年6月17日（第1部分）
Last week, you discussed proper stop management using the ES chart June 11th as your reference. In your book “Trading Price Action Trading Ranges,” you talk about initial stop just beyond the signal bar. Can you use a different stop strategy? Can you elaborate on the subject? Video duration: 4min 2sec Total (Parts 1 & 2)
上周，你以6月11日的ES图表为参考讨论了正确的止损管理。在你的书《价格行为交易：交易区间》中，你谈到初始止损刚好设在信号K线之外。你能使用不同的止损策略吗？能否详细阐述一下？视频时长：4分2秒（第1和第2部分总计）
You can also view this video on Al’s YouTube Channel if needed.
如有需要，你也可以在Al的YouTube频道上观看这个视频。
Video transcript — Stop management
视频文字记录——止损管理
Stop management options
止损管理选项
Click image for full size view Yeah. In general, if a trader is buying a reversal, like here’s a possible reversal, a good location for a stop is below the bar, right? So if you buy above that, protective stop one tick below.
点击图片查看完整尺寸。是的。一般来说，如果交易者买入反转，比如这里可能是个反转，止损的好位置就在K线下方，对吧？所以如果你在其上方买入，保护性止损就设在下方一跳。
Click image for full size view
点击图片查看完整尺寸
On the other hand, if you think you might be in a trading range and you think that the market might have one more leg down, and if you’re able to trade bigger, you can — instead of getting stopped out there — buy small above 10 and buy more at the 10 low and use a wider stop down here [about 4 points lower], thinking that — if we do fall below 10, we will reverse up.
另一方面，如果你认为你可能处于交易区间中，并且你认为市场可能还有一条下跌腿，而且如果你能够交易更大的仓位，你可以——而不是在那里止损出局——在10号K线上方小仓买入，并在10号K线低点加仓，同时在这里下方约4个点处设置更宽的止损，因为你想——如果我们真的跌破10号K线低点，市场就会反转向上。
Click image for full size view Had that happen last week, one day. Maybe this was it, right? Typically in a situation like this when I think we’re going to reverse up, I’ll buy above 4 and I’ll buy more at the 4 low. And on this particular day, I did not. I bought above 4, put a stop before the 4 low, and then ended up buying again over here [above 13].
点击图片查看完整大小。上周有一天就遇到过这种情况。也许就是这次，对吧？通常在这种情境下，当我判断会向上反转时，我会在4号K线上方买入，并在4号K线低点再买一些。但那天我没有这么做。我在4号K线上方买入，把止损放在4号K线低点下方，然后结果在这边（13号K线上方）又买了一次。
Click image for full size view
点击图片查看完整大小。
Using wide stop for higher probability
使用宽止损来获得更高概率。
I think both are mathematically acceptable. I think most traders, in general, if they buy, they should put a stop below their signal bar if they’re buying a reversal. So if you buy above 4, you stop out below 4; you buy above 13, you stop below 13. However, if you’re pretty confident about your read and you’re able to use a wide enough stop and trade small enough, you can do the opposite. Instead of buying above 4 stop below 4: you buy above 4, you buy more below 4, and use a wide stop.
我认为这两种做法在数学上都是可接受的。我认为大多数交易者，一般而言，如果是买入反转，就应该把止损放在信号K线下方。所以如果你在4号K线上方买入，就在4号K线下方止损；你在13号K线上方买入，就在13号K线下方止损。不过，如果你对自己的解读相当有信心，并且能够用足够宽的止损、仓位也足够小，那就可以反着做。不是“4号K线上方买入，4号K线下方止损”；而是在4号K线上方买入，4号K线下方再多买，并使用一个宽止损。
BPA trading room Q&A: August 17, 2015 (Part 2)
BPA交易室问答：2015年8月17日（第2部分）
Say you are Always In with one position, and then you scale in once. Imagine your scale in stop will be where you first position will be before a strong leg. But where will a scale in profit target be now? At break even with the first position? Or how would you manage it? Video duration: 4min 2sec Total (Extracts 1 & 2)
假设你始终持仓，持有一个仓位，然后加仓一次。假设你的加仓止损位，就是强腿启动前首仓所在的位置。但现在加仓仓位的止盈目标应该放在哪里？与首仓的保本点一致吗？还是你会如何管理？视频总时长：4分2秒（片段1和2）。
Video transcript — Scaling in
视频文字稿——加仓
Scaling in methodology
加仓方法
Click image for full size view Okay, that question — I talk a lot about it in the new videos. It comes down to disappointment, okay? So he’s saying, like let’s say you buy the 20 close, and then you add on above 25. Where do you get out? Do you try to get out at the 20 close? This pullback’s really not deep enough; let me find a different situation.
点击图片查看完整尺寸 好的，这个问题——我在新视频里讲了很多。归根结底就是失望，明白吗？所以他的意思是，比如说你在20收盘价买入，然后在25上方加仓。你在哪里出场？你是试图在20收盘价出场吗？这个回撤真的不够深；让我找一个不同的情形。
Click image for full size view
点击图片查看完整尺寸
Okay. Let’s say you buy the 37 close, right? And you say, “Darn, look at that. I’m going to buy more above 41.” How do you manage, right? It’s Always In Long, 37; you buy the close 37. How do you manage it? You buy more here [above 42].
好的。假设你在37收盘价买入，对吗？然后你说，“该死，看那个。我要在41上方加仓。”你怎么管理，对吧？现在是始终持多，37；你在37收盘价买入。你怎么管理？你在这里（42上方）加仓。
Different traders: different analysis and choice
不同的交易者：不同的分析和选择
Some traders will say, “It’s so disappointing. I’m just going to get out breakeven on the entire position,” so one entry here [above 37], other entry here [above 42], breakeven on the entire position is the average entry price, which is here [above 44], so some traders will get out here [above 44].
有些交易者会说，“太让人失望了。我就在整个仓位的保本价出场吧。”所以一个入场在这里（37上方），另一个入场在这里（42上方），整个仓位的保本价就是平均入场价，在这里（44上方），所以有些交易者会在这里（44上方）出场。
Other traders will say, “Ah, it’s going to get back to the 37 close. I’ll hold and I’ll get out half here [above 37] and then I’ll let the rest ride and see what happens.”
其他交易者会说，“啊，它会回到37收盘价的。我拿着，在这里（37上方）出一半，然后让剩下的继续跑，看看会发生什么。”
Other traders will say, “Eah, looks like a trading range. I’ll get out the whole thing around the 37 close, maybe a tick or two below just to be safe.
其他交易者会说，“嗯，看起来像个交易区间。我会在37收盘价附近全部出场，可能再低一两个tick，保险起见。”
Other traders will say, “It’s a higher low major trend reversal. I’m going to take a chance. I’m just going to swing the whole thing and put a stop below 41.”
其他交易者会说，“这是更高的低点主要趋势反转。我要赌一把。我就整个仓位做波段，在41下方挂止损。”
All of those are rational, reasonable decisions, and it does not matter which one you take, right? So, one extreme is to be disappointed and just get out breakeven on the whole trade. The other extreme is swing the whole thing, right; and then somewhere in the middle you take profit on part, you swing part, you take profit on all and look to buy again.
这些都是理性的、合理的决定，你选哪一个都没关系，对吧？所以，一个极端是感到失望，然后整个交易保本出场；另一个极端是全部持仓做波段，对吧；然后介于两者之间，你部分止盈、部分做波段，或者全部止盈后再寻找买入机会。
I tend to do the middle position. If I’m disappointed, I rarely will hold the entire position and swing it up.
我倾向于采取中间做法。如果我感到失望，我很少会持有整个仓位去做波段上涨。
More on scaling in… Ask Al blog
更多关于加仓（分批建仓）…… Ask Al 博客
Here are three related posts from the Ask Al blog on this popular topic. Scaling In, Gaps, and Stops . Scaling In Techniques—When to Use Holding Wide Stops—When to Get Out
这里是 Ask Al 博客上关于这个热门话题的三篇相关文章。加仓（分批建仓）、缺口和止损。加仓技巧——何时使用；持有宽幅止损——何时离场。
Al Brooks
阿尔·布鲁克斯
Information on Al’s Online day trading room
关于阿尔的在线日内交易室的信息。