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20210813 Trade Entry is a Two-Way Door 交易进场是一个双向门

 Trading 2021-10-28

Let’s see if I can create a mindset shift in some of you, in the way that you view your trade entry decisions.

让我们看看我是否能让你们中的一些人改变思维方式,改变你们看待交易进场决策的方式。

This discussion comes about due to a question I received after last week’s article:

这个讨论是由于我在上周的文章后收到的一个问题而引起的:

Can we talk about your first trade? In the third image you said you took a small entry to test how it felt. What do you mean by this?

我们可以谈谈你的第一笔交易吗?在第三张图片中,你说你用一小笔进场来测试。这是什么意思?

This was the image and the trade markers for the first trade:

这是第一笔交易的图片和交易标记:

<image: Trade Entry is a Two-Way Door>

So what do I mean by this?

那么我是什么意思?

My initial expectations, as discussed last week, were for a strong bullish momentum drive.

正如我上周讨论的那样,我最初的预期是强劲的牛市驱动。

The opening candle raised some doubts about that assessment.

开盘K线让人对这一评估产生了一些怀疑。

<image: Trade Entry is a Two-Way Door>

The initial projection is in doubt. Let’s let the next candle play out and reassess.

最初的预测是有疑问的。让我们看下一根K线并重新评估。

<image: Trade Entry is a Two-Way Door>

My initial projection is likely wrong. So, as we learnt with bar-by-bar analysis, we adjust.

我最初的预测可能是错误的。因此,正如我们通过逐K分析了解到的,我们进行了调整。<image: Trade Entry is a Two-Way Door>

This assessment was not held with massive confidence. It’s simply what I assessed as most likely at this stage. And I’ll be quick to drop that view if further price action contradicts it.

这项评估并没有以极大的信心进行。这只是我在现阶段评估的最有可能的结果。如果进一步的价格行动与此相矛盾,我会很快放弃这一观点。

Quite happily too. This kind of slow, grinding, massive-overlap trend is far from my favourite environment.

我也很高兴。这种缓慢、震荡、大量重叠的趋势与我最喜欢的环境相去甚远。

Maybe with hindsight the best decision would have been to stand aside and let more structure develop. Let the market resolve this opening battle. And then rejoin the game when there is structure and conditions more to my liking.

也许事后看来,最好的决定是站在一边,让更多的结构发展起来。让市场来解决这场开战。然后在我更喜欢的结构和条件下重新加入游戏。

But hindsight-best decisions don’t always happen in real-time.

但事后诸葛亮的最佳决策并不总是实时发生的。

So when the pullback held it’s level, this is what I decided.

所以等回调保持在关键位,这就是我的决定。

<image: Trade Entry is a Two-Way Door>

Reasoning:

推论:

1. It’s a small position. A full stop out is less than the usual 1R risk.

1. 这是一个小仓位。止损通常小于一倍风险。

2. It lets me feel the sentiment within the market. As much as I talk about learning to feel the buy/sell pressure through immersing yourself in the bar-by-bar action, the fact is that you can feel this FAR MORE effectively when you have some open position risk.

2. 它让我感受到了市场的情绪。正如我所说的,通过让自己沉浸在一个又一个K线的活动中,学会感受买入/卖出的压力,事实上,当你有一些未平仓风险时,你可以更有效地感受到这一点。

3. And it’s just a test of sentiment. If I like the feel of the market, I can add to the position. But if I don’t like it, I can scratch the trade well before the stop loss. A trade entry is not a locked-in-stone permanent decision. You can back out of that decision at any time.

3. 这只是对情绪的考验。如果我喜欢市场的感觉,我可以增加这个仓位。但是如果我不喜欢它,我可以在止损之前就开始交易。交易进入并不是一个一成不变的决定。你可以随时放弃那个决定。

The outcome:

结果:

<image: Trade Entry is a Two-Way Door>

It’s this last point that I want to really highlight in this article. It’s a mindset shift that I think can benefit all traders.

这是我想在本文中真正强调的最后一点。我认为这是一种心态转变,可以让所有交易者受益。

Trade entry is a two-way door. If you step through it and don’t like what you see, you can turn around and go right back where you came from.

交易是一个双向门。如果你跨过它,不喜欢你所看到的,你可以转身回到你原来的地方。

If you enter a trade and subsequently assess that there is no longer any edge (perhaps you were wrong, or perhaps the conditions have changed), then you can get out. No-one is forcing you to hold the position till the stop is hit.

如果你进入一个交易,然后评估不再有任何优势(也许你错了,或者条件改变了),那么你可以退出。没有人强迫你保持这个位置直到止损。

My thanks to Jeff Haden and Inc.com for the two-way door analogy, which I “borrowed” from this excellent article – https://www./jeff-haden/why-emotionally-intelligent-people-embrace-2-way-doors-rule-to-make-better-faster-decisions.html

感谢Jeff Haden和Inc.com提供的双向门类比,我是从这篇优秀文章中“借用”的。

I highly recommend reading this article. Especially if you find yourself to be someone who hesitates at trade entry. Is it possible you’re placing too much importance on getting the entry right? And seeing it more as a one-way door, rather than a two-way door which allows quick correction of your entry decision?

我强烈推荐阅读这篇文章。尤其是如果你发现自己是一个在交易进入时犹豫不决的人。有没有可能是你太看重交易一定要正确了?并将其视为一扇单向门,而不是一扇允许快速纠正您进入决定的双向门?

I’m reminded also of this social media post from back in February and then again early last month, which shares the exact same sentiment:

我还想起了2月份和上个月初在社交媒体上发布的这篇文章,这篇文章表达了完全相同的观点。

<image: Decisions made Quickly>

Repeated in bold font for maximum effect and burning into your brain…

以粗体字重复以获得最大效果,并装进进你的大脑...

A decision made quickly with permission to correct and amend that decision, is often superior to hesitation and delay until you’re sure you got it right.

一个迅速做出的决定,如果你允许纠正和修正这个决定,通常比犹豫和拖延要好,直到你确信你做对了

I don’t put on a test position often. I do often wonder though if I should explore this as a future evolution of my own trading.

我不经常拿仓位进行测试。我经常想知道,我是否应该将此作为我自己交易的未来发展。

But the two-way door concept is a key part of my active trade management plan.

但双向门概念是我积极贸易管理计划的关键部分。

Consider whether or not it might have some place in your own trading. As always though, test and confirm before deploying with live capital.

考虑一下它是否可能在你自己的交易中占有一席之地。与往常一样,在使用真金白银部署之前进行测试和确认。

Happy trading,

交易愉快,

Lance Beggs

兰斯贝斯

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