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原文链接: https://www.brookstradingcourse.com/ask-al/where-does-price-action-traders-edge-come-from/ 生成时间: 2026-09-04 14:54
BPA trading room Q&A: October 2, 2015
BPA 交易室问答：2015年10月2日
Can you talk about where the price action trader’s edge comes from, especially when institutions are very good at price action and can hire the best traders?
你能谈谈价格行为（PA）交易者的优势来源吗？特别是当机构在价格行为方面非常熟练，而且能够雇佣最好的交易者的时候。
Audio duration: 4min 34sec
音频时长：4分34秒
Audio transcript
音频文字稿
Do not worry about institutional trader’s edge
别担心机构交易者的优势
My thought is that’s irrelevant. If the market is going to move one way or the other and it’s doing so with enough force, it doesn’t matter if an institution enters two bars before you. For example, let’s say the institutions bought above 8, it does not matter if you buy on 15. You’re still going to make a good living, right?. Over here, it does not matter if an institution bought above here (24) or above 28. If you buy on 34, you’re going to make a good living.
我认为这并不重要。如果市场要朝某个方向移动，并且移动的力度足够大，那么即使某个机构比你早两根K线入场，也没关系。例如，假设机构在8上方买入，即使你在15买入，也没关系。你仍然能赚到不错的收益，对吧？在这里，无论机构是在这里（24）上方还是在28上方买入，都不重要。如果你在34买入，你仍然能赚到不错的收益。
Follow the price action—make your own money
跟随价格行为（PA）——赚自己的钱
So, I never worry about somebody being better than me, although I sincerely doubt that there are very many traders at the best institutions who know price action as well as I do. I know that sounds arrogant, but that’s the truth. But I never worry about somebody being better than me. I don’t worry about them having any advantage because if the market is going to have a swing, it doesn’t matter when I enter, I’m going to make money. If the market’s in a trading range and I start selling above bars or buying below bars and use an appropriate stop, a wide enough stop and scale in properly, it does not matter that some institutional trader is doing it better than I’m doing. As long as I’m doing something that makes sense mathematically, I’m confident that I’m going to do well. I don’t care if somebody else is better than me.
所以，我从不担心有人比我更优秀，尽管我真诚地怀疑，在顶尖机构中，很少有交易者能像我一样精通价格行为。这听起来可能很傲慢，但这是事实。但我从不担心有人比我更优秀。我不担心他们有任何优势，因为如果市场要出现波动，我什么时候入场并不重要，我都会赚钱。如果市场处于交易区间，我开始在K线上方卖出或在K线下方买入，并使用适当的止损，足够宽的止损，以及合理地分批建仓，那么就不重要了，即使某个机构交易者做得比我更好。只要我做的事情在数学上有意义，我就有信心我会做得很好。我不在乎别人是否比我更优秀。
Just do your best—and be objective
尽你所能，保持客观
If I’m a baseball player and I’m batting .300, do I really care that somebody else is batting .310? No; I’m making $20 million a year and I’m happy. If I’m averaging 25 points a game as a basketball player, they’re paying me $10 million a year, I don’t care that somebody else is making 27 points and $20 million, $25 million. All I care about is am I doing something well and am I doing it to the best of my abilities. Am I consistent and am I not letting my emotions get in the way?
如果我是棒球选手，击球率是 .300，我真的会在乎别人击球率是 .310吗？不会；我每年赚 2000 万美元，我很开心。如果我是篮球选手，场均得到 25 分，他们每年付给我 1000 万美元，我也不在乎别人得到 27 分、年薪 2000 万美元或 2500 万美元。我只关心自己是否把事情做好、是否发挥出最大能力。我是否保持稳定、是否让情绪干扰了自己？
I don’t worry about the best traders. Anybody can be a good trader if they understand what they’re doing and if they can remain objective. You can be a very emotional person, but when you’re trading it’s better not to be an emotional person . It’s better to be able to put that on the shelf and just try to be objective. And that’s part of the enjoyment for me, and I’m sure it’s part of the fun for everybody. Can you do it? You know you can do it for five minutes. I can be objective for five minutes. Can you be objective for six hours? And that’s part of the challenge and that, for me, is part of the enjoyment.
我不担心最优秀的交易者。只要理解自己在做什么，并且能保持客观，任何人都可以成为优秀的交易者。你可能是一个情绪化的人，但当你在交易时，最好不要情绪化。最好能把情绪放在一边，尽量保持客观。这对我来说是乐趣的一部分，我相信对每个人来说也是如此。你能做到吗？你知道你能做到五分钟。我能保持客观五分钟。你能保持客观六小时吗？这就是挑战的一部分，对我来说，这也是乐趣的一部分。
Inspired by others doing good stuff
受到他人做好事的启发
It’s one of the reasons I play tennis; it’s one of the reasons I watch a lot of sports. I enjoy competition. I enjoy seeing people try really hard. I enjoy seeing people excel, people who have trained really hard to become very good. And to be honest, I don’t care what activity it is… even if it’s some activity that I have very limited interest in pursuing. If I see somebody doing it really well, it makes me happy to know that they’re doing it well.
这是我打网球的原因之一；也是我看很多体育比赛的原因之一。我喜欢竞争。我喜欢看到人们努力拼搏。我喜欢看到人们表现出色，那些经过刻苦训练才变得很优秀的人。坦白说，我不在乎这是什么活动……即使那是我兴趣很有限的活动。如果我看见有人做得很出色，知道他们做得好，我就会感到高兴。
Snowboarding… I’m not a snowboarder, but I watch a little of it when the Olympics are on. Even synchronized swimming, which I hope nobody is a synchronized swimmer here… I think it’s one of the dumbest things in the world, but I’ll even watch that for a few minutes and I’ll feel happy because I’m impressed by how well the people are doing it.
滑雪板……我不是滑雪板爱好者，但奥运会期间我会看一点。甚至同步泳池——我希望这里没有人是同步泳池运动员……我认为这是世界上最愚蠢的事情之一，但我还是会看几分钟，因为我对人们表现得如此出色印象深刻，因而感到高兴。
To me, I enjoy doing things well. I enjoy training hard. I enjoy big projects, like creating the videos. It’s a huge project. I’m really getting burnt out on creating all the slides, but at the same time it’s personally satisfying. I enjoy doing something good. I enjoy spending my time doing something good, and I enjoy trading for that reason as well. It makes me feel good to see that I can do something really well and do it for hour after hour after hour. It’s fun.
对我来说，我喜欢把事情做好。我喜欢刻苦训练。我喜欢大项目，比如制作视频。这是一个巨大的项目。我真的快被制作所有幻灯片累垮了，但同时这让我感到非常满足。我喜欢做有意义的事情。我喜欢把时间花在做有意义的事情上，这也是我喜欢交易的原因。看到自己能把一件事做得非常好，并且能持续几个小时、几个小时地做下去，这让我感到很满足。这很有趣。
Do your own thing—be consistent and good
做自己的事情——保持一致和优秀
So I don’t worry about the institutions being better than me. I don’t care if the top trader at Goldman Sachs makes five times more than I make. I don’t care. I don’t care if a hedge fund trader makes a lot more money than I make. I don’t care. All I care about is am I doing something that’s rational, logical? Am I being consistent? When I do something stupid, am I fixing my mistakes immediately and not getting upset about the loss? That’s all I care about. And I just know… I just trust that, over time, it works. Even over time, I mean over the course of a day, I’ll come out okay. So, even if I make a mistake or two during the day, I’m still confident that I’ll end up ahead. To me, the goal is to be consistent and good. It’s nice to be great, but you don’t have to be great to do very well at this.
所以我不担心机构比我强。我不在乎高盛的顶级交易者赚的是我收入的五倍。我不在乎。我不在乎对冲基金交易者赚得比我多很多。我不在乎。我唯一关心的是：我在做的是否理性、合乎逻辑？我是否保持一致？当我做了愚蠢的事时，我是否立即纠正错误，而不对损失感到懊恼？这就是我全部关心的。而且我深知……我只是相信，随着时间的推移，这方法会有效。即使是指一天之内，我也会收获不错的结果。所以，即使我在当天犯了一两个错误，我仍有信心最终会盈余。对我来说，目标是保持一致和优秀。成为伟固然不错，但在这件事上要做得很好，你并不需要变得伟大。
Al Brooks
Information on Al’s Online day trading room
Al的在线日间交易室信息