Linda Bradford Raschke五十個交易心法

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1. Plan your trades. Trade your plan.
2. Keep records of your trading results.
3. Keep a positive attitude, no matter how much you lose.
4. Don’t take the market home.
5. Continually set higher trading goals.
6. Successful traders buy into bad news and sell into good news.
7. Successful traders are not afraid to buy high and sell low.
8. Successful traders have a well-scheduled planned time for studying the markets.
9. Successful traders isolate themselves from the opinions of others.
10. Continually strive for patience, perseverance, determination, and rational action.
11. Limit your losses – use stops!
12. Never cancel a stop loss order after you have placed it!
13. Place the stop at the time you make your trade.
14. Never get into the market because you are anxious because of waiting.
15. Avoid getting in or out of the market too often.
16. Losses make the trader studious – not profits. Take advantage of every loss to improve your knowledge of market action.
17. The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the equation for success.
18. Always discipline yourself by following a pre-determined set of rules.
19. Remember that a bear market will give back in one month what a bull market has taken three months to build.
20. Don’t ever allow a big winning trade to turn into a loser. Stop yourself out if the market moves against you 20% from your peak profit point.
21. You must have a program, you must know your program, and you must follow your program.
22. Expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.
23. Split your profits right down the middle and never risk more than 50% of them again in the market.
24. The key to successful trading is knowing yourself and your stress point.
25. The difference between winners and losers isn’t so much native ability as it is discipline exercised in avoiding mistakes.
26. In trading as in fencing there are the quick and the dead.
27. Speech may be silver but silence is golden. Traders with the golden touch do not talk about their success.
28. Dream big dreams and think tall. Very few people set goals too high. A man becomes what he thinks about all day long.
29. Accept failure as a step towards victory.
30. Have you taken a loss? Forget it quickly. Have you taken a profit? Forget it even quicker! Don’t let ego and greed inhibit clear thinking and hard work.
31. One cannot do anything about yesterday. When one door closes, another door opens. The greater opportunity always lies through the open door.
32. The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this he is safe. When he ignores this, he is lost and doomed.
33. It’s much easier to put on a trade than to take it off.
34. If a market doesn’t do what you think it should do, get out.
35. Beware of large positions that can control your emotions. Don’t be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts.
36. Never add to a losing position.
37. Beware of trying to pick tops or bottoms.
38. You must believe in yourself and your judgement if you expect to make a living at this game.
39. In a narrow market there is no sense in trying to anticipate what the next big movement is going to be – up or down.
40. A loss never bothers me after I take it. I forget it overnight. But being wrong and not taking the loss – that is what does the damage to the pocket book and to the soul.
41. Never volunteer advice and never brag of your winnings.
42. Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.
43. Standing aside is a position.
44. It is better to be more interested in the market’s reaction to new information than in the piece of news itself.
45. If you don’t know who you are, the markets are an expensive place to find out.
46. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word – Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen.
47. Except in unusual circumstances, get in the habit of taking your profit too soon. Don’t torment yourself if a trade continues winning without you. Chances are it won’t continue long. If it does, console yourself by thinking of all the times when liquidating early reserved gains that you would have otherwise lost.
48. When the ship starts to sink, don’t pray – jump!
49. Lose your opinion – not your money.
50. Assimilate into your very bones a set of trading rules that works for you.

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這50個心法用在選擇權操作上，亦非常受用。大家可以時時拿出來研讀，當成經文來覆誦。

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每個月選一個周日早上，把她的50法則再讀一遍，是一種境界的提升。

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一直覺得她的50心法很有用，所以我常常試著翻箱倒櫃把它拉到首頁。但這些心法也只是一個大綱，很多時候你要懂得調整一下，讓它符合真正的你，讓它們走進你獨特的交易世界。

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我在操作不順的時候，一定會再看這50個守則。守則第22及29，說起來簡單，現在做起來也不難了。

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這50個心法我不一定完全認同，但大部分對於操作選擇權都有用。

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最近又有人訪問了LINDA:
https://www.elitetrader.com/et/t ... chke-part-1.315958/

Kara: Tell me a little bit about one of your proudest trades.

Linda: My proudest trades? Probably recovering from losses. I seem to have this knack for always being on the wrong side of an outlier. And boy, that started with my first time that I got caught in a takeover stock, being short straddles—that just was an unexpected event.

I can remember one time when I was pretty bearish on the market, and it was a Friday afternoon. I had sold about 900 futures contracts—a combination of the S&Ps and the Russell futures. And I had to leave the last hour of the day to go to the dentist to have some work done. I was sitting in the dentist chair, and I got a message from my assistant at the time, who said, “Did you see the SPYs?” And I was like, “No, I’m sitting in the dentist chair.” He said, “Well, they’re up some ridiculous amount.” That was the day that the Fed had come in and said that they were going to take over Fannie Mae and Freddie Mac, and literally, I had just sold a significant number of futures just a couple hours earlier. Now it’s Friday night and the markets are closed. Needless to say, when everything opened up Sunday evening 60 points higher, that was not a comfortable feeling. But I traded my way out of that and actually ended up +3% on the month. My ability to come back after being on the wrong side of every outlier possible. It’s called survival.

王文忠

Keep records of your trading results.
是我每日必載的功課

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Kara: What advice would you give to someone who’s looking at a career in trading?

Linda: You know, there’s a lot of misconceptions about what a career in trading really is. It’s what you want to make it. For some people, a career could be just trading your own money and being able to support yourself trading. And that’s a big deal because it’s not a matter of “Are you profitable trading?” It’s a matter of “Can you pay the rent? Can you put enough money aside to put your kid through college? Can you pay all the bills?” So a career could be just an individual trader, and that is pretty much like any other role. If you want to become a doctor, you’re going to do X number of years of education, X number of years of internships. You don’t just do a year of medical school and expect to go out and make six figures. It’s the same thing with trading, truly. You have to reach that point where you can be consistent and make enough money every year trading that you can support yourself. For other people, a career might mean being employed by a quantitative shop, working on algorithms solo or with a team. I see a lot more of that nowadays than we used to, say 10-20 years ago. If you’re on an institutional desk, you’re not so much trading, you’re executing for the client. There’s a difference there. Somebody thinking they’re just going to get a job in trading—there’s pretty limited opportunity there.

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王文忠 發表於 2017-12-17 16:40
Keep records of your trading results.
是我每日必載的功課

文忠，您是全職交易員吧，我記得我好像問過您這個問題。如果我之前問過了，恕問再問一遍。