the stock takes out the previous stays high 股价突破前期高点
but they can't hold it and it comes back down 但他们拿不住，股价就会回落
now it's just a sign that buyers aren't stepping up 现在这只是一个迹象，表明买家没有出手
it doesn't mean there's anything wrong with the stock 这并不意味着股票有什么问题
but it does mean that 但确实意味着
we're potentially losing some momentum 我们可能会失去一些动力
and we need to be aware for the fact that 我们需要注意的是
you know sellers 卖家
eventually may 最终可能
start to take control and push the stock down lower 开始控制局面，将股价推低
so it's just something to be aware of 所以这一点需要注意
and you'll see 你会看到
number 7 I say the overall rate of change 第 7 项，我说整体变化率
of the move has begun to slow down 已经开始放缓
a lot of that is created by things like 5 and 6 where 这很大程度上是由第 5 和第 6 项造成的。
the buying pressure just becomes less aggressive 购买压力变得不那么激进了
so you know I say 所以我说
take these signals in context of where we are 所以你知道，我说的是，要结合我们现在的情况来看待这些信号
like always you know 就像往常一样
are these red flags 这些红旗
showing up as the stock is extended from the 10 随着股价从 10
week in the 10 day yes 周延长到 10 天，是的
okay then like that's more relevant 好吧，那就更相关了
but you know are we 但你知道我们
I say this example a lot and 我经常说这个例子
sorry for the spelling are here but 抱歉拼写错误，但
are we seeing you know a shooting star and Day 4 我们看到的是流星和第4天
after a strong breakout 强势突破后
again you know 你知道
maybe some short term trader to take in 也许一些短线交易者会在
some money off the table 一些钱
and it's okay 没关系
so context context context with all of these things 所以，所有这些事情的来龙去脉
but those are just kind of some little 但这些只是
things to be aware of as you analyze the price action 在分析价格走势时需要注意的事情
doesn't mean they should be acted on 但这并不意味着要对它们采取行动
but if we see a bunch of these things in a row 但如果我们连续看到这些情况
and our strategy is to sell when we lose the 10 day 我们的策略是在失去 10 日线时卖出。
you know maybe when you start to lose the 10 day 你知道，也许当你开始失去 10 日线时
you know you're more quick to hit out 你会更快出手
because the weight of the near term relative evidence 因为近期的相对证据
speaks to you and says 告诉你说
we're really going to blow through that moving average 我们真的要击穿移动平均线了
so kind of the rough overall 所以一种粗略的整体
you know steps if you will of each trade 你知道每笔交易的步骤
you know as we're working through a trade 你知道我们在进行交易时
you know kind of what's happening right 你知道发生了什么
so one 所以一
you know 你知道
we've got our max pane stop loss below the shelf 我们在架子下面设置了最大止损位
you know helps us to determine our position size 帮助我们确定仓位大小
two as the breakout really starts to work 二，当突破开始起作用时
you know we can adjust our stop to the breakout day low 我们可以将止损调整至突破当日的低点
3 as we get follow through 三、当我们跟进时
you know that rough stop area 粗略的止损区域
moves to about break even 移动到收支平衡
then four 然后四
I want to ask myself 我想问问自己
you know where are we in the cycle 你知道我们的周期在哪里吗？
you know how do I want to play this 我想怎么做
and really you should kind of be 事实上，你应该
knowing this before you take the trade 在做交易之前
but you know is this a quicker swing you know 但你要知道，这是不是一个快速的波段？
called like a cash flow trade where maybe we're buying 就像现金流交易，也许我们买的是
you know a bull flag on like a basin brake when 你知道在一个像盆地刹车的牛旗上，当
when there's already been like two buyers 已经有两个买家了
or is this like a top dog with a great entry 还是说这是一个很好的进场机会？
out of a 4 8 week base 在4-8周的基础上
that should help you 这应该有助于你
manage the position correctly 正确管理仓位
okay it's like a swing 好吧，这就像一个摇摆
okay maybe we'd want to be that guy 好吧，也许我们想成为这样的人
selling on day three or four 在第三或第四天卖出
into that you know kind of near term extension 因为我们买入的位置
because of where we bought it 因为我们是在那里买的
you know let's let's book some gains 你知道，让我们记录一些收益
whereas if we're buying out of that 而如果我们买入的是
sound basing pattern 稳健的基底形态
and it's been longer term 而且是长期的
which is really what we want to 这才是我们真正想要的
be 是
using for the majority of our buyers 我们的大多数买家
maybe 也许
we want to be a little more patient with that stock 我们希望对这些股票更有耐心一些
so what are our objectives for this trade 那么我们这次交易的目标是什么？
then five is 第五个是
so I'm not going to talk as much about those 所以我不打算多谈那些
like kind of swing cash flow type trades 像摇摆现金流类型的交易
the rest of this is going to be more focused on our 剩下的内容将更多地集中在我们的
nice top dog based buyeries 好的顶级股票
because those are really 因为这些才是真正
where you're going to make the majority of your money 因为这些才是你能赚到大部分钱的地方
early in the cycle 在周期早期
raising stops as we reconfirm higher prices 当我们再次确认更高的价格时，提高止损点
to below those consolidations 以低于这些盘整
be reasonable 要合理
our goal isn't to lose the position 我们的目标不是失去头寸
it's to let it work 而是让它发挥作用
but you know also you know protect our gains always 但也要始终保护我们的收益
you know as we progress 随着我们的进步
and you know 你知道
certain moving averages get tested on pullbacks 某些移动平均线会在回调时受到测试
you know 你知道
what is the stock showing us what's its character 股票向我们展示了什么 它的特征是什么
you know is it 你知道它
is it holding the 10 day is it holding the 20 a day 是否守住了10日均线 是否守住了20日均线
you know what is the stock saying to us 你知道这只股票在对我们说什么吗？
because like 因为
the stock is like talking to you with its price action 因为股票就像在用它的价格走势跟你说话一样
let it give you feedback as to its personality 让它向你反馈它的个性
is it a high flying 它是一只高飞的
small cap IPO that's riding the 5 day moving average 小市值 IPO，在 5 日移动平均线上高歌猛进
generally majority of my positions aren't 一般来说，我的大部分仓位都不是
but if it is like listen to it 但如果它喜欢听
you know let it let it tell you that 让它告诉你
or is it 还是
you know an apple that just wants to chug hire but 你知道一个苹果，只想赚钱，但
you know maybe it's gonna take you know 你知道也许它需要你知道
five to dick ten 五到十天
period little rest down to the 20 day before continuing 休息20天再继续
you know that's fine 没关系
you know let the stock 让股票
tell you that 让股票告诉你
you know but earlier in the cycle 但在周期的早期
you know resist the urge to take profits on that 不要急于获利了结
like one to three day pull back 比如一到三天的回调
because you don't even have any information yet 因为你甚至还不知道任何信息
like you don't even know 你甚至不知道
you know what's gonna happen with that stock 你甚至不知道那只股票会怎么样
like what what's it gonna do it takes time to 比如它会怎么做，这需要时间
to have like a nice advance in a stock 一只股票的上涨需要时间
it doesn't generally just happen in like a week 一般不会在一周内发生
obviously there are situations where that does happen 当然也有这种情况
it's generally very you know small cap type stocks 一般都是小盘股
okay 7 as we get deeper 好吧，随着我们的深入
can we actually a step out 我们能不能走出一步
so there's a really good question here from Jonathan 乔纳森提出了一个非常好的问题
with regards to No. 4 and 5 关于第 4 和第 5 个问题
when you evaluate where we are in the cycle 当你评估我们所处的周期时
is it only the stock cycle 仅仅是股票周期
or is it also the overall market cycle 还是整个市场周期
so you always want to be taking 所以你总是希望
into account the overall market 因此，你总是希望考虑到整个市场
you know all the time 你知道所有的时间
like if you think that we're later staged in the index 如果你认为我们的指数是后来的阶段性指数
like you know maybe you decide 也许你会决定
hey I'm not going to put any positions on 嘿，我不打算建立任何头寸了
new positions on no matter what 新的仓位
or maybe I'm going to put on 或者我打算加仓
you know 你知道
very very small positions to kind of test the water 非常非常小的仓位来试水
so you always want to be taking the index into account 所以你总是希望把指数考虑在内
but as far as managing your actual position 但就管理实际仓位而言
you want to be trading the stock you're trading 你要交易的是你正在交易的股票
not the index 而不是指数
so 所以
I know some people say to completely ignore the index 我知道有些人说要完全忽略指数
and I'm not saying like you know 我并不是说
pay attention to 关注
everything that happens with the index 指数所发生的一切
definitely not 绝对不是
but I think it's something you have to be aware of 但我认为你必须意识到这一点
because at the end of the day 因为说到底
I mean you see it on how to make money 我的意思是，你看到它是如何赚钱的
money stocks 赚钱股票
like 75 percent of a stocks movement is driven by 75%的股票走势是由指数驱动的
the index 指数
so you know for example this past week 所以你知道，比如上周
if you were trying to buy breakouts 如果你想买突破
you know they were getting slammed in your face 你就会发现它们被打脸了
because the index was selling off 因为指数在抛售
um see you 你看
you know you do have to take the index into account 你必须把指数考虑在内
okay so as we get deeper into the trend you know 好了，随着趋势的深入，你知道
has a trend line developed with two to three touches 趋势线是否已经发展到了两到三点
you know are we seeing 我们是否看到
are we tracking a specific moving average 我们是否在追踪一条特定的移动平均线
and again don't like force this 再次强调，不要勉强
don't say like hey we're in week 4 不要说我们已经进入第4周了
like there's a trend line here somewhere 这里有一条趋势线
no like you should see it 不，你应该看到它
it should be there if it's there and if it's not there 如果有的话就应该有，如果没有的话
don't force it just 不要强求
start to try to look for that type of stuff to develop 开始尝试寻找这种类型的东西来发展
and then always have context on the weekly 然后在周线上随时观察
so number 8 you know 第 8 条
are we getting extended from the 10 我们是否从 10
week moving average 周移动平均线
if so are we looking for a second 如果是，我们是否在寻找第二个
extension on the daily to sell partials into 如果是，我们是否在寻找日线上的第二次延伸，以便卖出部分
and it's what I mean by that is like hey 我的意思是说
we're getting extended from the 10 week 我们正从 10 周均线开始延伸
like okay 好吧
we're having a huge gap up in my stock this morning 今天早上我的股票出现了一个巨大的跳空缺口
don't get excited 别激动
like you know that's probably 这可能是
a partial profit taking opportunity 部分获利机会
just kind of based on 只是基于
where we are so be aware of that 我们现在所处的位置，所以要注意这一点
so that you can 这样你才能
you know kind of better 更好地
control your emotions when you see that cap up 控制自己的情绪
later in the cycle 在周期的后期
are we seeing an acceleration in the price action 我们是否看到了价格行动的加速？
frozen rope structure 冻结的绳索结构
all of the sudden after holding the 20 day for 在维持 20 日线 5 周之后
5 weeks are we starting to see the sock 我们是否开始看到袜子
respect a faster 更快的
moving average than the majority of that run 移动平均线
and I say eg the five day 我说eg the five day
even 甚至
if so we want to be looking to raise stops with 如果是这样，我们就应该提高止损点
the price section 价格部分
so you'll often see this and in 所以你会经常看到这种情况
you know some of your bigger winners 你知道一些大赢家
where maybe you've been in the stock for 也许你已经在这只股票上
you know multiple weeks or 你知道多个星期或
you know hopefully in multiple months 多个月
you'll 你会
start to see a change in that character of the stock 开始看到股票特性的变化
where it starts to accelerate 开始加速
and that is actually generally 这实际上一般是
well one it's great because you can 首先，这很好，因为你可以
you know make 你知道
you can even make the majority of your gains sometimes 有时甚至能获得大部分收益
on that final 在最后
you know 你知道
quote and quote blow off 报价和报价吹掉
but it's also a sign that you may be 但这也预示着你可能会
getting to the end of the advance 前进的终点
and you want to start to pay attention to that 你要开始注意这一点
and recognize that changing character of the stock 并认识到股票不断变化的特征
and be aware so that you don't give back all your gains 并提高警惕，这样你就不会因为等待最初的移动平均线而回吐所有收益。
waiting for that original moving average 等待最初的移动平均线
it had respected the whole move 它在整个移动过程中一直受到尊重
and I'll show some examples of that 我将举例说明
when we run through the example section 当我们看完示例部分
and then the last couple things here 最后几件事
you know take your cell signals 你要知道，你的手机信号
on a loss of the respected moving average of 在失去受尊重的移动平均
trend line 趋势线
and then 12 然后12
you know if you don't sell that second extension 如果你没有卖出第二根延长线
or it doesn't materialize 或者它没有实现
because it doesn't always show up 因为它并不总是出现
and you know maybe you even miss 也许你会错过
the trendline cell or the moon average cell 趋势线单元或月平均单元
pay attention to the cycle because 注意周期，因为
you will always get a wedge drop 因为你总会遇到楔形下跌
on a stock you literally have to 在股票上，你必须
and it can protect you and take you out of the tray 它可以保护你，把你从盘子里拉出来
so I want to emphasize like 所以我要强调
you're never going to be perfect 你永远不会完美
I mean you know sometimes you are but 我的意思是，你知道有时你是完美的，但
you're never going to be perfect on every single trade 你永远不可能在每一笔交易中都做到完美
obviously 很明显
and when you're not perfect 当你不完美的时候
and you miss analyze 你错过了分析
and you miss the proper cell or whatever 你错过了适当的细胞或其他
you know don't be stubborn and 不要固执己见
you know think the stocks gonna go back up 不要固执地认为股票会涨回来
to where you should have sold 到你应该卖出的地方
when that wedge drop happens 当楔形下跌发生时
you know let the cycle protect you 让周期保护你
just just just get out and play to live another day 你知道的，让周期保护你 你知道的，让周期保护你
and take the games you got 玩你能玩的游戏
and then lastly you know once the trade's completed 最后，一旦交易完成
and you've had a multi week 你就会有一个多星期
you know trade often 经常交易
that's gonna align 会与
with the multi week advance in the actual market 与实际市场的多周进展一致
you know be patient 要有耐心
you know let the market reset after a nice run 让市场在良好运行后重置
you know things need to rebuild 市场需要重建
stocks don't just go straight up 股票不会一飞冲天
without ever consolidating 而不加以巩固
you know I think you read stuff 你知道，我认为你读到的东西
stocks consolidate 50 percent of the time so 股票50%的时间都在盘整，所以
be patient you know 要有耐心
after you make nice games you're unlikely to just 在你玩出好游戏后，你不可能再以同样的方式
make those nice games in the exact same manner again 以完全相同的方式再做那些好游戏
like right away 比如马上
and that's you know 这就是你知道的
kind of the thought process from beginning to end 从头到尾的思考过程
you know of a trade or a run 你知道交易或运行
whatever you want to call it 随便你怎么说
so I just kind of outline that there 所以我只是概述了一下
so any questions on that 有什么问题吗？
no questions but there are some comments about how 没有问题，但有一些关于如何
yeah these slides really sum everything up and 是的，这些幻灯片确实概括了一切
and like you said with number 13 就像你说的第 13 条
pullbacks and correction set up 回调和修正为
the next batch of leaders and it's always exciting 下一批领导者，这总是令人兴奋的
to have that and have the new opportunities popping up 有新的机会出现
so it's never a bad thing 所以这从来都不是坏事
for things to reset 因此，重启从来都不是坏事
yeah exactly so I've said this before 是啊，我以前也说过
Trader Florida 佛罗里达交易员
one of his big things he always says is you know 他常说的一句话是
corrections are great 调整是好事
as long as you don't ride him down 只要你不乘人之危
so look you can make good money short in the market 所以你可以在市场上做空赚大钱
you know oftentimes you can make 你知道很多时候你可以
more money more quickly 更快地赚更多的钱
but it's like extremely difficult 但这非常困难
and you get shaken out a lot 你会经常被动摇
and it can be very frustrated 你会感到非常沮丧
you know 你知道
sometimes the best thing to do is to just sit in cash 有时最好的办法就是坐在现金里
and and be like excited almost 然后兴奋地
like you're about to uncover new opportunities 就像你即将发现新的机会
you know like 就像
maybe the market topped out 也许市场见顶了
and we're gonna sell off for two years 我们要抛售两年
or maybe the market is just like 或者市场只是
gonna consolidate for a month 会盘整一个月
and we're going to get some awesome new opportunities 然后我们会得到一些很棒的新机会
to trade and maybe they're going to be the same as 新的交易机会，也许它们会和我们刚刚交易过的股票一样
the names we just traded 我们刚刚交易的股票
but maybe there's gonna be new 但也许会有新的
ideas that we didn't even know 我们甚至不知道
know about right 知道的新想法
so look for relative strength like Embrace Corrections 所以要寻找相对强势的股票，比如Embrace Corrections
Embrace Corrections 拥抱修正
they're awesome 它们很棒
you make your biggest money after a correction 修正后你会赚到最大的钱
right right 对对对
let's see this isn't strictly related to the slide 这跟幻灯片没什么关系
but here's a question from Philip 但这里有一个来自菲利普的问题
Oliver from your experience 奥利弗，根据你的经验
what's your proportion of selling into strength versus 在强势中卖出和在弱势中卖出的比例是多少？
selling into weakness 向弱势卖出
versus 与
like selling into a moving average or a trend line 比如卖到移动平均线或趋势线上
so I would say that I 所以我想说，我
I am learning better how to sell in the strengths 我正在学习如何更好地卖出强势股
like I would emphasize that I'm like a pretty young guy 我想强调的是，我还很年轻
like I don't have all the answers 我没有所有的答案
I there's certainly 当然
people who have much more experience than me 比我更有经验的人
I would say you know 我想说的是
traditionally I would more sell into weakness 传统上，我更愿意卖弄自己的软弱
because I didn't 因为我没有
have the skills that I'm developing to sell 因为我不具备我正在发展的销售技巧
into strength 强势
um and I am 我
hopefully getting better at 希望在
taking my gains into strength 把我的收获转化为实力
um 嗯
but I do think it's valid to you know 但我认为，你知道
always try to hold at least a portion of your position 总是试图至少持有一部分仓位
or maybe you sell it into weakness because 或者在弱势时卖出，因为
I think some stocks can go a lot further than you 因为我认为有些股票会比你预期的走得更远
expect 预期
but I also think that 但我也认为
you know 你知道
when a stock is ready to be sold into weakness 当一只股票准备好卖到弱势时
it are into strength 是强势股
sorry it almost can sort of like be obvious 对不起，这几乎是显而易见的
if you just like wait long enough 只要你等得够久
where it just gets like 它就会像
so extended that it's very unlikely to continue hire 它不太可能继续雇用
but sometimes when you sell into strength 但有时当你卖到强势
you're selling into strength 你卖到了强势
like far before that point 就像在那之前
and that's just kind of how it goes 事情就是这样的
so I guess it's not an exact answer 所以我想这不是一个准确的答案
and I think in a couple of years 我想再过几年
if you were to ask me that again 如果你再问我这个问题
I could answer it better 我可以回答得更好
but 但
you know I'm getting better at selling into strength 你知道，我越来越善于推销实力了。
I think in the past I've more kind of got stopped 我觉得过去我更多的是
out on beatiness 因为
because I just you know didn't have the skills 因为我没有技巧
perfect uh yeah I think that's uh 是的，我想这就是问题所在
most of the questions relate to these slides 大部分问题都与这些幻灯片有关
so I think we can move on 我想我们可以继续了
all right 好的
so we're going to run through some examples now 现在我们来举几个例子
and like many of these have been things 其中很多都是
we may be reviewed in the BI sections and stuff 我们可能会在 BI 部分和其他部分进行复习
but I want a more talk about like 但我想更多地谈谈
the trade management this time 贸易管理
so I'm not going to really talk 所以我不打算
about the actual BI areas 实际的商业智能领域
because we already kind of did that 因为我们已经做过了
but so this is upst and we had the Bible gap up 但这是向上的，我们有圣经的差距了
and so the thought process is here 我们的思考过程是这样的
you know if you were real aggressive 如果你真的很激进
you could have played this Day 1 你可以在第一天就玩这个
but really the actual buyer is to take out of the Day 1 但真正的买方是在第一天就把它拿出来
so you take out Day 1 所以你在第一天就出局
and your stop bus would be the low of this day 你的止损点就是今天的低点
as we get followed through here 当我们跟进这里时
especially here since you have a gap up 特别是在这里，因为你有一个向上的缺口
you know gaps as we know 我们都知道跳空缺口
big gap up equal strength right 大的向上跳空缺口等于力量
so this is like almost like an ignite bar 所以这就像一个点火棒
I guess technically it is 我想技术上来说是的
so early in the move here 这里的走势还很早
I wouldn't be moving my stop up to here 我不会把止损点移到这里
mainly because like 主要是因为
I want to see if this thing can work but it's what I 我想看看这东西能否起作用，但我
would be doing here 会这么做
as I probably get my stop up to like 因为我可能会把我的止损点移到
this rough area right in here 这里的粗略区域
just because you know we break out we follow through 只是因为你知道，我们突破了，我们跟进了
like I don't really want to lose money on this 我真的不想在这笔交易上亏损
trade at this point 在这一点上
but then is what happens is as we consolidate 但随后发生的事情就是我们盘整
you know that's all fine 你知道这很好
and 然后
you know then we get this Wick play here which could be 然后我们就可以在这里玩威克的游戏，这可能是第二点
a second by point 第二点
so if you wanted to pyramid your position 所以，如果你想把你的仓位金字塔化
or if you missed this 或者你错过了这个
and want to take an initial position 想建立一个初始仓位
for I'll call this position a 我把这个位置称为
once we break out here 一旦我们突破这里
you can move your stop up to below this consolidation 你可以将止损点移到盘整下方
this is really just a reconformation 这实际上只是一个重新形成
reconfirming price strength confirmation 重新确认价格强度
if you started a position here 如果你在这里建仓
you know your initial stop would probably be below this 你知道你的初始止损点可能会低于这个
this Wick area 这个威克区域
but then as it gets going 但随着行情的发展
you want to have position bees stop at the days low 你要在这几天的低点设好止损点
and then is what happens we move up 然后发生的情况是，我们向上移动
we pull back and we base 我们回撤，我们立足
and then when we reconfirm higher 然后当我们再次确认更高
on both positions position a and B 在这两个位置A和B上
you know you want to raise your stop to below this 你知道你要把止损点提高到这个位置以下
this press consolidation here 这里的压制盘整
now this could be viewed as a by area as well 现在，这也可以被视为一个区域
and that you have a tight inside day 你有一个紧张的内线日
and we take this out 我们将其取出
I would say kind of like 我想说的是
after that second by area for me 在我的第二个区域之后
you know you can still take it for sure 你知道你仍然可以把它肯定
but kind of after those first two areas 但在前两个区域之后
I think kind of by area 3 and on should be treated more 我认为应该更多地从第三方面着手
you know for quote unquote like cash flow if you will 你知道，如果你愿意的话，就像现金流一样
more like swinging type stuff 更像摇摆型的东西
where you know maybe you're selling it like here here 你知道，也许你会像这里一样卖掉它。
so I'm going to focus on buyeries a and B for the 所以我打算把重点放在A和B区。
for the rest of this 剩下的部分
but you know we we move up and and we you know move up 但你知道，我们往上走，我们往上走
this is this is an ignite bar 这是点火柱
um so your rough stop is 所以你的止损点
is right in here on this this low 就在这个低点
so you know you could have been shaken out here 所以你可能会在这里被震出来
um totally reasonable that that you might have been um 你可能会在这里被震出来 这完全是合理的
but for the sake of this I'm gonna keep going 但我还是要继续下去
cause I do think that 因为我觉得
this is kind of like a top dog stock 因为我确实认为
I think most people would agree with that 我想大多数人都会同意这一点
and at this point you're still kind of 在这一点上，你还在学习
learning which moving average it's going to respect 你还在学习它会尊重哪条移动平均线
which to me this is kind of the 对我来说，这是
first rough area where it's sort of 第一个粗略的区域
you know shows it may be respect in the 10 day a little 你知道，这表明它可能会在 10 日均线上稍作调整
it doesn't really test it so it's not that that valid 它并没有真正测试它，所以并不是那么有效
but here it tests the 10 day 但在这里，它测试了10天
like 就像
I think you want to be careful in a top dog earlier 我认为你要小心的是，在10天甚至更早之前的走势中
in the move before the 10 days even tested 在 10 日测试之前
because I do think the 10 day gets tested at least once 因为我认为 10 日线至少会被测试一次
on most you know real winners 在大多数真正的赢家身上
you want to be careful just 你要小心
losing your position 失去你的位置
but this could be viewed as a buyer here 但这里可以被视为买方
I think it definitely is kind of through this area 我认为它肯定会穿过这个区域
but again I view it more like a swing 但我还是认为它更像是一个波段
because it's just a little later in the move 因为它只是在移动的稍后阶段
but if you did buy here 但如果你在这里买入
your stop would be quickly moved to this days low 你的止损点会迅速移至本日低点
whereas your a and B's you know you would 而你的 A 和 B，你知道你会
you would adjust it to here 你会把它调整到这里
and then as we follow through pull back 当我们回调时
you know you want to raise the stop here 你要提高止损点
and then when we reconfirm 然后当我们再次确认
raise it to here 提高到这里
this ignite bar 这个点火柱
based on where we are on the trend I would 根据我们的趋势，我会
I would definitely be adjusted 我肯定会调整
you might stop up 你可能会停止上涨
you know more aggressively 你知道更积极
signite bar low because of when it's happening 因为它发生的时间是点火柱的低点
and then as we continue to move up 然后随着我们继续上行
you know we pull back we test the 10 day again 你知道我们会回撤，我们会再次测试 10 日线
so you've kind of got one two three 这样你就有了一二三
you know 你知道
I think the 10 days started to become valid here 我认为 10 日线在这里开始变得有效
and then start to notice some 然后开始注意到一些
some of the different types of price action here 一些不同类型的价格走势
so we did see a hanging man here 所以我们确实在这里看到了一个悬挂的人
but it but it never 但它从未
it never you know 你知道
confirmed right 确认正确
the next day it was up showing to me that 第二天它就上涨了，向我表明
you know that initial selling pressure wasn't important 最初的卖压并不重要
and then you do see I guess a Barrish engulfing here 然后你会看到一个巴里什吞没图形
so those are kind of two 所以这是两个
you know rough areas but 粗略的区域，但
we really start to see a bunch of 我们开始看到一系列
different signs here we see a doji here 我们在这里看到了一个十字星
after just kind of seeing what I call these empty wicks 在看到我所说的空灯芯之后
when you start to get extended 当你开始延伸
and you get these little wicks 这些小灯芯
I just call them like 我称之为
empty wicks I don't know if that's actually a thing 空灯芯，我不知道这是不是一个东西
but that's what I call it 但我就是这么叫它的
followed by a doji 然后是十字星
followed by like another empty Wick spinning top 接着是另一个空灯芯陀螺
and then notice how we kind of had this like 然后注意到我们是如何出现这种
little two days of consolidation 两天的盘整
there's other times in this move where we saw it 在这一走势中，我们还看到了其他一些时候
we saw it right here 就在这里
and we continued higher but notice how we see it here 我们继续走高，但注意这里
and they trade it up 他们在交易
but there's no follow through 但没有跟进
so we're starting to see some 所以我们开始看到一些
slight signs of a weakening and trend 趋势减弱的迹象
and then we definitely 然后我们肯定
see a shake out here that holds the 10 day 在这里，我们肯定会看到维持 10 天的震荡。
but for me when I see this bar I'm thinking okay 但对我来说，当我看到这根柱子时，我会想
if we trade down and take this out 如果我们向下交易并把这个取出来
I'm gonna view this as like a loss of the 10 day 我会把这看作是10日线的失守
and I'm definitely gonna be getting stopped out 我肯定会被止损的
but what happens like it trades back up 但是会发生什么呢？
which you know is great right 你知道这很好
but they close it off the house 但他们关闭了房子
now we're kind of seeing like one two 现在我们看到的是一二
three four five like six bars in a row 三 四 五 连续六条
that are just sort of like 就像
quote and quote 引用和引用
you know 你知道
weakening bars or slowing rate of change type bars 减弱的柱状图或变化率减慢的柱状图
we get another spinning top here 这里还有一个陀螺
but then we kind of have a shelf built 但我们在这里建了一个架子
right here 就在这里
which to me can be like your wedge drop shelf 对我来说，这就像是楔形下跌架
and so to me you would be stopped out 因此，对我来说，你会被止损
on this loss of the 10 day here 在这里失去10天
and it does end up supporting and going higher 它最终会支撑并走高
but you just never know when it's going to 但你永远不知道它何时会
break and continue lower 打破并继续走低
and so to me 所以对我来说
this trade ended for a couple of different reasons 这次交易结束有几个不同的原因
1 I think the stock showed that it held the 10 day 1 我认为股价显示它守住了 10 日线。
2 I think we had a defined trend line here with 1 2 3 4 2 我认为这里有一条明确的趋势线，1 2 3 4
and this would be like the fifth touch brake 这将是第五次触及刹车
all combined with the fact that you start to see 再加上你开始看到的事实
you know 你知道
just type of stallish losing losing momentum type 只是失速失去动力的类型
price action here 价格走势
so you know let's say that you got stopped out around 比方说，你在大约
you know 3 15 or so 你知道 3 15 左右
give or take 或多或少
you know you caught a move from like 185 to 3 15 你知道你抓住了从 185 到 3 15 的走势
and to me there was never like a ridiculous 对我来说，从来没有像一个荒谬的
the extreme extension here to really sell 这里的极端延伸真的卖出
like this to me right here in hindsight 对我来说，事后看来
was obviously the area to sell the stock 显然是卖出股票的区域
but I think at the time 但我认为当时
you know I actually know for a fact at the time 你知道，我其实知道当时的事实
that I wasn't thinking that 我并没有这么想
but this is 但这是
this is the break because of all those examples 因为所有这些例子
and you'd be out of the stock now 而你现在已经没有股票了
I can tell you 我可以告诉你
a lot of people I saw wanted to buy the 20 我看到很多人都想在 20
day pull back here 日的回调
and I can tell you on this day 我可以告诉你
I actually bought it and just 我实际上买了它，只是
got rid of it that day 当天就把它扔掉了
because I thought this was a 因为我觉得这是一个
dark club cover that could have LED to 黑暗的俱乐部封面，可能会让 LED
a negative Wick 负极灯芯
but I'm not as much of a fan of buying this 但我不太喜欢买这个
pull back to the 20 day here 拉回到 20 日这里
the reason being 原因是
is that it had shown it was respecting the 10 day 因为它已经显示出对 10 日线的尊重
and so to me the 20 day wasn't necessarily as relevant 所以对我来说，20 日线不一定那么重要
because the stock had respected the 因为股价在整个过程中
10 day the whole time 10日
now it did end up working 现在，它最终成功了
you know but that 但是
that was my thought process at least when I 至少在我
when I was trading this 交易时
so for me 所以对我来说
the way I played this is 我交易的方式是
I got back involved in this stock 我重回这只股票
when it when it took out this 当它走出这条
this trend line 这条趋势线
on this Wick play here 在这里玩威克
and I actually tried it on this day and didn't hold it 实际上，我在这一天尝试过，但没有持有它
but then I got back in it and held it on this day 但后来我又参与了，并在这一天持有了它
so you know the buck the buyer is here stops down here 所以你知道买方在这里止损了
and I think when it falls through 我认为当它跌穿
you get your stop to here 你就在这里止损
and really 真的
when you get this ignite bar you move it up to here 当你看到这个点火柱时，你就把它移到这里
so this ignite bar is definitely relevant 所以这个点火柱是绝对相关的
and that we're later in the trend 我们处于趋势的后期
and then this was the second extension 然后这是第二个延伸
again I didn't sell this 我没有卖掉这个
I didn't I didn't 我没有
pick up on it at the time 当时没有注意到
but actually when you go back and study 但实际上，当你回去研究
this chart and you look at the weekly in the daily 这张图，看看周线和日线
in hindsight I think it was pretty obvious 事后看来，我觉得这很明显
but I think I should have seen this at the time 但我认为我当时应该看到这一点
I think part of me was kind of thinking that 我想我的部分想法是这样的
but I just didn't act on it 但我没有付诸行动
but is what did end up happening here 但最终还是发生了
we gap down they support it 我们的差距缩小了，他们支持我们
but then what happens 然后呢？
we get that you know barrish piercing pattern 我们出现了巴里什刺穿形态
they gap it up and sell it 他们跳空卖出
it falls her down 然后下跌
but this to me 但对我来说
was the bar that I did notice a changing character on 这是我注意到的一个变化特征
and that you know we got this kind of 你知道我们得到了这种
you know empty Wick extension type bar 你知道的，我们得到了这种空的威克扩展型酒吧
we got the you know 我们得到了你知道的
gap and trap bar here that's kind of you know 这里的缝隙和陷阱是一种你知道的
chink No. 2 2号缺口
but then No. 3 years they traded up and back down 但随后的第 3 年，他们的交易上升又回落
and for me I exited the position 对我来说
when we lost this area 当我们失去这个区域时
because I kind of viewed it like 1 2 3 因为我认为 1 2 3
lose that four 失去四个
and it did pop back up here but the trade was over 它确实在这里弹了回来，但交易结束了
like the momentum was gone 就像势头消失了一样
so that's that's sort of how I played U P s t 所以我就是这么做的。
you had one really nice trade 你有一笔非常不错的交易
and this was actually a pretty good swing trade if you 如果你卖对了，这其实是个很好的波段交易
if you sold it correctly 如果你卖得对
but even if you didn't handle it great 但即使你处理得不好
you know you still 你仍然
you still made a little 你还是赚了一点
and what happened on this bar here 这根柱子上发生的事情
too is we lost this ignite bar loud 我们失去了这个点火器
which you know even if you didn't even recognize this 即使你不认识它
you know your 你知道你的
your stop loss would have taken you out down here 你的止损也会让你在这里出局
and you know that's part of the game 你知道这是游戏的一部分
you made 6 or 7% or so 你赚了6%或7%左右
if you sold it correctly you could have made a lot more 如果你卖得正确，你本可以赚得更多
but again you know not always going to be perfect 但同样的，你知道并不总是完美的
so that's kind of how I would analyze 这就是我的分析方法
upst 向上
I'm not seeing any specific questions on this chart 我在这张图上没有看到任何具体的问题
so I think we can 所以我想我们可以
go on to the next 下一个
the next example 下一个例子
okay so crowd strike 好了，人群出击
so this is like a trade that 这个交易
like I don't always want to show like 我并不总是想展示完美的交易
the perfect trades because most trades are not perfect 完美的交易，因为大多数交易并不完美
so this was a trade last year 这是去年的一笔交易
we had this basing pattern 我们有这样的基础模式
and then as what happened is this broke out on earnings 然后发生的事情是在盈利时出现了突破
so this was a Bible gap up 所以这是一个 "圣经 "式的跳空缺口
so if you played this 所以如果你玩过这个
you can get it on the urines gap 你可以在尿液缺口上得到它
and probably add to your position here 可能会在这里加仓
your stop losses down in this area 在这个区域止损
and then when it falls through 然后当它跌穿
you move it to this days low 你就把它移到这几天的低点
it goes up it pulls back 上涨后回调
it reconfirms 再次确认
so what do you do it reconfirms 你该怎么做？
you adjust your stop down to this area 你把止损点调整到这个区域
and the nice thing is too 这样做的好处是
is when it trades back up here 当它回到这里时
the 10 day comes in under 10日线在
the up bar so I kind of view it like when that happens 所以我认为当这种情况发生时
in addition to this being that reconformation 除了重新形成
you're also partially 你还部分
protected by the 10 day moving average 受到 10 日移动平均线的保护
and then you get a couple tight price bar days 然后你会有几个价格紧绷的交易日
this to me is a valid buyer here so we break out 在我看来，这是一个有效的买方，所以我们突破了
if you were 如果你
initially buying this here 在这里买入
I think an aggressive entry would have been this day 我认为积极的入场时机应该是今天
you know another entry would have been this day 另一个进场机会是今天
and you know you'd keep your stop either here or here 你会在这里或这里止损
depending on on where you played it 取决于你在哪里操作
and then when you get this gap up 然后当你得到这个向上的缺口
this is definitely an ignite bar because of the gap 由于缺口的存在，这绝对是一个点火棒
especially when you get this follow through 尤其是当你看到这个跟进时
so you raise your stop to this bar is low 所以你要把止损点提高到低点
and then it continues up 然后继续向上
and to me this is sort of like a short shelf where 在我看来，这就像是一个空架子
maybe maybe you take some off the table 也许你可以放弃一些
but it really is so early in the trend 但这确实是趋势的早期
that it hasn't actually 它实际上还没有
you know 你知道
this is kind of the point where you're trying to like 这是一种你试图像
like I say 就像我说的
you want to learn the personality of the stock 你想了解股票的个性
and figure out what it wants to do 搞清楚它想做什么
you know you're still kind of at that phase 你知道你还处于这个阶段
because it's not always just going to pull back here 因为它不会总是在这里回调
like someday it's going to base and go higher 就像有一天它会在此基础上走高一样
so you want to be careful choking this off 所以你要小心掐住它的脖子
but to me this is an extension 但对我来说，这是一个延伸
if you look at the air to the 10 day 如果你看看10日线的走势
for sure 当然
and so we pull back we come up here 所以我们回调到这里
and to me I treated this as a wedge drop 对我来说，我把它当作楔形下跌
just how I felt about it 就是我的感觉
so if you if you exited here 所以如果你在这里退出
you could re enter 你可以重新进入
but if you decided hey 但如果你决定
I still want to wait and see 我还是想等等看
which moving average respecting 移动平均线
you know it ends up showing you that the 20 day 你知道它最终会告诉你，20 日移动平均线
it is probably more irrelevant 这可能更无关紧要
but you know if you took it off like me 但如果你像我一样把它取下来
this is the re entry kind of on this Wick area 这是在威克地区的重新入市点位
and if you took this your stop is this days low 如果您买了这个，您的止损点就是今天的低点
if you were still in the position 如果你还在这个位置
I would say once it takes this out 我会说，一旦它走出这个位置
you know 你知道
you're probably keeping your stop kind of down here 你的止损点可能会在这里
you could give it all the way to down here 你可以让它一直跌到这里
but I would feel like if it lost this area 但我觉得如果它失去了这个区域
it's going to lose the 20 day anyway 就会失去20日线
so you keep it here 所以你把它放在这里
and kind of when it starts to move up more 当它开始向上移动时
you know both stops kind of move up 两个止损点都向上移动
this to me is a reconformation right here 这对我来说是一个重组
because you can have a line drawn across here 因为你可以在这里画一条线
so we test that we pull back 所以我们要回撤测试
and when we take it out you're reconfirming 当我们把它拿出来的时候，你就重新确认了
so all stops would be moved up to this day's low 因此，所有止损点都将上移至当日低点
for this secondary stop you basically 对于这个二级止损，你基本上
adjusted your stop to protect your price right 调整你的止损以保护你的价格
and then to me this isn't an extension 对我来说，这不是延期
it's just not like I get it in hindsight that 我事后才明白
this you know is an extension but 你知道这是一个扩展，但
it's more just as stalling in that 更多的是在拖延时间
this stock wasn't really ready to blow higher 这只股票还没准备好走高
and the thing is this trade just didn't work that great 问题是这次交易并不成功
we pulled back to the 10 day 我们回撤到 10 日线
this kind of looks like a bowl flag 这看起来就像一个碗旗
it doesn't really have any momentum when you're going 当你经过时，它并没有任何动能。
through so a couple thinks the highlight here is 所以我认为这里的亮点是
I do think you know 我觉得你知道
if you're if you're right here and you're looking back 如果你就在这里，回过头来看
you're thinking wow 你会想哇
they didn't really have the Momo to kind of 他们真的没有莫莫那种
send this thing 发送这个东西
like UPS t were trended 就像UPS一样
this is acting like more of a choppy stock 这更像是一只波涛汹涌的股票
but then right here we have this shooting star 但这里有颗流星
which you then get the 然后你会看到
you know the big cell bar 你知道的大单元条
it's not a Barrish engulfing or anything 这不是巴里吞没或什么的
but it's that type of action right 但就是这种走势
and then this bar as well 然后这个柱子也是
and then what happens they supported okay but there's 然后会发生什么呢？ 他们支持好吧，但有
there's no rumor meant to amount of this bowl flag 没有谣言说这个碗形旗帜有多大
like if you were looking at this 如果你在看这个
you probably had a bowl flag 你可能有一个碗旗
and you're expecting a breakout 你期待着突破
it just doesn't really go right 只是没有真正走对
and then this is embarrassing golfing 这是令人尴尬的高尔夫球
this is like a spinning top 这就像一个旋转的陀螺
or they traded up and back down 或者他们向上交易，然后回落
and then is what happens in this 然后就是这样
I can't emphasize enough this happens so much 我再三强调，这种情况经常发生
they gap it up and they sell it down 他们向上跳空，然后向下卖出
and that's the wedge drop right there 这就是楔形下跌
so you should be stopped out of this around 2 20 所以你应该在 2 20 左右止损出局
so if you had your initial entry 所以，如果你有你的初始入口
and you held through this 20 period 并持有到20点
you know you had a gain of you know 你就会获得
about 1920 percent 大约 1920
if you had it here and you sold here 如果你在这里卖出
you know let's say you made about like 10 percent 比方说，你赚了 10%左右
and then you made you know like like 2% 然后你赚了2%
and that's just how it goes 就是这样
I mean there were a couple different ways to play it 我是说有几种不同的玩法
this wasn't that sexy 50 60 percent winner 这并不是那个性感的50% 60%的赢家
but in reality 但实际上
you know you're gonna have like maybe 5 to 8 你知道你可能会有5到8个
3 to 8 of those 50 3到8个50%
60 sometimes even much larger winters a year 有时甚至是更大的冬天
and you know a lot of your trades might 你知道你的很多交易可能会
might kind of be like this 可能是这样的
so it's important when you're going through and you're 所以，当你在经历这些的时候
you know looking at the hundreds of 查看数以百计的
different charts and trying to trade them 不同的图表并试图交易它们时
that you 你
try to be as honest 尽量诚实
with yourself as possible as to 对自己尽可能诚实
how you would handle it 你会如何处理
because you know you can you can stack these types of 因为你知道你可以堆叠这些类型的
to mean not really like winning trades up and they 并不是真正喜欢获胜的交易，它们
and they can really help your account 它们真的可以帮助你的账户
but like this is probably the type of stuff that 但像这种类型的东西
people don't always show 人们并不总是显示
which this is this is like kind of trading 这就是交易
it's like how you 这就像你
how you manage these these trades that just like 如何管理这些交易
don't kill it for you 不会对你造成伤害
so that's how I would look at 所以我会这样看
look at this crowd strike trade 看这个人群罢工交易
so any questions on on that Richard 还有什么问题吗？
yeah we have a few let me get that up 是的，我们有几个问题，让我来回答吧
oh let's see 让我看看
so here's one from manual 这里有一份手册
would that cell be based on the fact that is a gap up 这个单元是基于向上跳空缺口的事实吗？
slash reversal 斜线反转
or due to the cross of the 10 Ma 还是由于 10 Ma 的交叉
I think it's the wedge drop 我认为是楔形下跌
yeah so I think this is sort of the wedge drop and that 我认为这是楔形下跌
we basically so there's a couple things right 基本上有几件事
we we 我们
when we take out a level 当我们把一个级别
like if a stalk's gonna trend like it 就像如果一个梗的会像它一样的趋势
it should go higher 它应该走高
so in reality when we lose this kind of area 所以实际上当我们失去这个区域时
you know it's a quote unquote like like false breakout 你知道这是一个引号，就像假突破一样
I don't really think there's a true 我不认为这里有真正的
buy area here to fail on but 买入区域
when you don't 当你没有
continue higher 继续走高
it's just a sign like there's not a lot of momentum 这只是一个迹象，就像没有太多的动力
right and 而
we want to be in stocks that 我们要买那些
have momentum and are moving higher 有上涨动力的股票
or like maybe it's better to just be in cash 或者最好还是持有现金
because it's like when you're in cash you're in safety 因为当你持有现金时，你是安全的
but when you're invested you're 但当你投资时，你就会
you're exposed right 你就会暴露在风险中
and we see this 我们看到
kind of inability to move higher 无法走高
followed by some profit taking 随后是一些获利回吐
I think you see more profit taking here 我想你会看到更多的获利回吐
and then again like 再比如
this could be tray as a buyer 这可能是一个买方托盘
and there's like no momentum out of it 而且没有任何动能
so to me when I see kind of like 所以对我来说，当我看到
all of this collective price action together 所有这些集体的价格行动
I see just buyers that 我看到的只是买家
are not willing to step up and move the stock higher 不愿意站出来推动股价上涨
and then 然后
you do have a shelf here 你在这里确实有一个货架
especially in that you get proved 尤其是在过去两天里
taken here in these last two days 在过去的两天里
lows define 2 20 as an area of significance 低点定义 2 20 为重要区域
so you get this gap up you go green to red 所以你得到了这个向上的缺口 你从绿色变成了红色
and you take out this area significance 你把这个区域的重要性
that's that's a wedge drop to me 对我来说这就是楔形下跌
now does it follow through and follow part 现在它是否跟进和跟进部分
no it doesn't 没有
but in reality 但实际上
even though this thing like goes hired stuff 尽管这东西就像被雇佣的东西
this is not 这不是
like the one of the faster moving stocks in the market 像市场上流动较快的股票之一
most likely and 最有可能
these cell areas kind of allow you to put your capital 这些单元区域可以让你把资金
somewhere else 放在其他地方
so some people will say 所以有些人会说
you know well it held this supporter and went higher 你知道的，它是支持者，而且涨得更高
like you know you're 就像你知道你
more on or whatever 更上或什么的
um and like that's okay 没关系
like I had my capital 就像我有我的资本
for something 的东西
that was probably going to be moving a little bit 可能会进展得更快一点
quicker um so that's kind of why like 所以这就是为什么
look 看
some people use the 50 day and what it kept you in 有些人使用50天，它让你在
and I and I agree with that 我同意这一点
for me I use these moving averages 对我来说，我使用这些移动平均线
because I think that I can get something better 因为我觉得我能得到更好的东西
but this all collective action is what defined 但这所有的集体行动是什么定义
this is the wedge drop for me 对我来说，这是楔形下跌
perfect 完美
all right there's some more questions coming in here 好了，又有问题来了
here's a good one from Luigi 路易吉提出了一个很好的问题
when you have the stop at the low of an ignite bar 当你在点火柱的低点设置止损点时
but then a pullback follows at triggers of stop 但在触发止损点后出现回调
but it is still holding the 10 day EMA 但仍守住了 10 日 EMA
which stop ruled do you ultimately respect 您最终尊重哪个止损点
so I would say it depends where you are in the move 因此，我认为这取决于你所处的位置
so like early in the move like 比如说，在走势的早期
you know an ignite bar 你知道点火柱
it's just like the beginning of the move and 它就像移动的开始，而且
and and you maybe want to give it more room 你也许想给它更多空间
but if it's like 但如果
coming out of a bowl flag like it's step 3 or 4 就像第三或第四步一样
like I'm probably gonna take the stop 我可能会停住
because there's like an air pocket at that point 因为在那个点上有一个气囊
where if it does fail 如果失败了
like you got more room to drop 你就会有更大的下跌空间
where is early in the move 在移动初期
you've got more support 你有更多的支撑
kind of below the stock if that makes any sense 在股价下方，如果这样说有意义的话
generally speaking 一般来说
when a stock is above its 10 day moving average 当股价高于 10 日均线时
like it's fine 这很好
like you want to try to 就像你想尝试
give that thing the benefit of the doubt 但你要考虑到
but you want to take into account like where we are 但你要考虑到我们所处的位置
like a foreign week sticks versus Week 1 or 2 就像国外的周线与第一周或第二周相比
you know 你知道
you've got to treat it a little bit differently 你得区别对待
Week 1 or 2 第一周或第二周
I want to try to allow that 10 day moving average to 我想让 10 日移动平均线
you know help me 帮助我
whereas Week 5 or 6 or so 而第 5 周或第 6 周左右
where there's more of an air pocket if that thing fails 如果那东西失效了，会有更多的空气袋
you know I want to be 我想
more defensive 更具防御性
perfect 完美
and there are some questions related to whether you use 还有一些问题与你是否使用
any lower time frames for selling 任何较低的卖出时间框架
kind of like how we did with buying 就像我们买入时一样
where 在那里
you look for maybe a signal on a lower time frame 在较低的时间框架内寻找信号
within the context of an overall point on the chart 在图表上的一个整体点的背景下
where you might want to 你可能想
sell on the daily or weekly 在日线或周线上卖出
yeah for sure 当然
so you know let's say we've got all this evidence here 所以你知道，比方说我们在这里得到了所有这些证据
and 和
you know maybe maybe even right here you know 也许就在这里
you decide to exit 你决定退出
because the same way this gaps up and goes down 因为这个缺口向上和向下的方式是一样的
this kind of gaps up 这种跳空上涨
and maybe you see on a lower time frame 也许你在较低的时间框架上看到
it tells you that this is going to occur 它告诉你这将会发生
then you exit 然后你退出
but when you see all this evidence 但当你看到所有这些证据
right here that I've talked about 就在这里
and you get this kind of gap up 并出现这种向上跳空缺口时
really this stops to 20 这真的会停在 20 点
but 但
you know maybe you exit here when it goes red degree 你知道，也许你退出这里时，它去红度
because it's just like you expected to fail 因为这就像你预期会失败一样
and maybe you 也许你
can assess and see that on a lower time frame 你可以在较低的时间框架内进行评估和观察
sure 当然
but kind of the same way is on the by side of things 但同样的方法是在事情的另一面
you know you want to try 你知道你想尽量
to avoid looking at that lower time frame 避免查看较低的时间框架
unless the overall 除非整体
like bigger picture evidence tells you like hey 大局观的证据告诉你
there might be a reason to kind of 可能有理由
zero in on this thing 把这件事归零
right right the 对对对
the higher time frames are always the most important 更高的时间框架总是最重要的
and the context is so so important as well 背景也很重要
exactly yeah 没错
perfect um I think 很好，我觉得
let's see here's one for Philip 我们来看看菲利普的例子
it seems that the gap up and close 似乎向上跳空缺口和收盘
red is a very strong 红色是非常强烈的
negative signal 负面信号
would you sell in the post market directly 你会在后市直接卖出吗？
when you see that type of action 你会直接在后市卖出吗？
well the gap up would occur in the morning 向上跳空缺口会在早上出现
for one and 其一
I would 我会
look I'd love to say I'm good 我很想说我很好
enough to sell in the premarket 在盘前卖出
but I'm not 但我不是
usually I'm cognizant of the fact 通常我会意识到一个事实
like for example this could have gapped up and 比如说，这可能会向上跳空，然后
and and 和
and it broken out right 然后就突破了
but usually around like here 但通常像这里
you know I'm gone 你知道我已经走了
and I do think that you see this happen 我认为这种情况
very very regularly 非常非常有规律
and it's usually when you have kind of three to four 而且通常是在你有三到四个
to five kind of 到五种
you know types of things that I've shown you 你知道我给你看的那些类型的东西
yeah so you know 是的，所以你知道
you know I don't know 我不知道
there's probably 有可能
people that could back test this or something 有人可以回溯测试一下
but 但是
I'm not really that type of guy 我不是那种人
but I think that 但我觉得
you know if you start to 如果你开始
see stuff like this 看到这样的东西
and you start to see gap UPS that don't follow through 你就会发现 UPS 的缺口没有得到弥补
you know you want to be more aware of it 你就应该多加注意
that it could be leading to 这可能会导致
you know some downside shake 可能会导致一些负面影响
great I yeah I think we can move on to the next example 很好，我想我们可以继续下一个例子了
okay all right so peloton so 好了，我们继续
one of the things I'll say is that 我要说的其中一件事是
your best opportunities that 最好的机会
can lead to big gains are often going to be 能带来巨大收益的机会往往是
like stage 1 IPO based breakouts 比如第一阶段的首次公开募股
and look 你看
I'm not talking about like your week 2 or week 3 IPO 我说的不是第 2 周或第 3 周的 IPO
I'm talking about your 6 month to 我说的是 6 个月到
24 month type IPO breakout 24个月的IPO突破
reason being is like 原因是
no institutions on the stock yet 股票上还没有机构
except like you know 除了像你知道的
the ones that maybe got an allocation on the IPO 那些可能在首次公开募股中获得分配的机构
or I think we're seeing more and more companies now 或者我认为我们现在看到越来越多的公司
you know 你知道
get involved in stocks in the in the private market 参与私人市场的股票交易
but for the most part 但大多数情况下
you know all that IPO stuff like IPO 你知道所有 IPO 的东西，比如 IPO
do diligence phase and stuff like that 尽职调查阶段等等
you know that first six months 前六个月
people are deciding whether they 人们在决定是否
want to own the stock or not 是否想拥有这只股票
and if they decide they want to own it 如果他们决定要拥有它
they're probably 他们可能
gonna take multiple months to accumulate their shares 他们可能需要多个月的时间来积累股份
and when you get it stage one IPO that works 当你的首次公开募股阶段成功时
you know that's when you're going to get a big move 就会有大的波动
so I would say with these types of stocks in particular 所以我会说，尤其是这些类型的股票
you know tried it particular 你知道的，尝试它特别
give them the 给他们
room to really allow you 让你
to tell you what move and average 告诉你什么是移动和平均
are going to use 要使用
so I'm going to analyze this 所以我要分析这个
and this is also an example of that time stop 这也是一个时间停止的例子
so to me 对我来说
peloton originally broke out right here 皮队最初在这里爆发
I believe I don't see it here 我相信我没有在这里看到
but just off the top of my memory I believe 但凭我的记忆，我相信
this price was about 28 bucks 这个价格大约是28美元
because I remember I was real fired up about this 因为我记得我对这个很感兴趣
but it broke out and ripped 但它爆裂了
and I believe the top here is around 38 bucks 我相信这里的最高价是 38 美元左右
which was the actual IPO high 这是首次公开募股的最高价
and it rejected it 它拒绝了
and that's okay 没关系
it never took out the stop area 它没有突破止损区
but what happened here to me and 但在我这里发生了什么
and I know this like I got time stopped like 我知道这就像我的时间停止了一样
like right here 就在这里
when it kind of didn't fall through again 当它没有再次通过时
I was really really disappointed actually 我真的非常失望
because I thought this thing was gonna explode 因为我以为这东西会爆炸
but I got time stopped and it was mortars 但我让时间停止了，那是迫击炮
because like it 因为
when it pulled back it held the break out area 当它拉回来的时候，它抓住了突破区域
but then when it failed to reconfirm here 但当它无法在这里重新确认时
it was just kind of like ah 就像啊
like all right 好吧
like maybe maybe this thing isn't isn't gonna work 也许这件事不会成功
but then you get another breakout right here 但是你在这里又得到了一个突破
so it breaks out 所以它突破了
your stock pride below this area 你的股票傲慢地跌破了这个区域
kind of below the movement editors 低于运动编辑器
and then when it kind of falls through 然后当它跌穿
notice how kind of pulls back and falls through 注意它是如何回撤并跌穿
through the highs 突破高点
you know you can raise your stop to this area 你可以将止损点提高到这一区域
and then when it gets up here 然后当它上升到这里时
you know you raise your rough stop area 你就可以提高你的粗略止损区域
even though you're 即使你是
the early break 早期突破
I was here 我在这里
and that's probably roughly around where you're 大概就在你的附近
where you're 你的
price was when it takes this out 价格时
like recognize 认识到
like a lot of people prided by to like up here 很多人以这里为荣
so when it pulls back and goes like 所以当它回调时
get your stock up to this 让你的股票涨到这里
kind of rough area right here 就在这里
so what happens we go up 会发生什么呢？
I think an aggressive wedge drop was right here 我认为楔形下跌就在这里
but I think since 但我认为
I know this was a stage 1 我知道这是第一阶段
so I was trying to give this room 所以我试图给这个空间
but then this was the shakeout right here 但这是一个震荡
where again I was like 我又觉得
gosh this stock 天哪，这只股票
I keep things going to work and it doesn't 我让事情继续发展，但它没有
it shakes at the 20 and it closes higher 它在 20 点震荡，收盘价较高
so to me you know you get stopped out here 所以对我来说，你知道你在这里被止损了
but I'm going to show you some more examples of this 但我会给你看更多这样的例子
where it shakes the 20 它在 20
day early in the move 日的早期走势
and then it re takes it 然后重新走高
and the old William O'Neill 威廉-奥尼尔
William O'Neill has the same 威廉-奥尼尔（William ONeill）也有同样的
he used it on the 50 day 他把它用在了 50 日线上
but when a stock like shakes out and then 但当一只股票像震荡出来，然后
you know comes back 然后又回来了
I think it's within like a day or two 我认为是在一两天之内
you actually want to like 你实际上想
buy double your position or you want to buy more 买入双倍仓位，或者买入更多
and I think it applies for me as well with the 20 bag 我想这也适用于我的 20 个袋子
and I'll show you other examples of this too 我还会给你看其他的例子
so to me this is a re entry 所以，对我来说，这是一次
on this shake out 这次震荡
like literally 就像字面上
like you're out in the morning 就像你早上出门
and you're back in the afternoon 下午回来
and it goes up and it bases 它上升，它的基础
it holds the 20 day again 它又保持了20天
so when you re enter here 所以当你进入这里时
you know your stop is going to be down here 你就知道你的止损点会在这里
and then when it falls through 然后当它跌穿
you're going to get it right to this rough area 你要把它放到这个粗略的区域
it goes up it tests resistance pulls back 它上升，测试阻力，回撤
and when it holds the 20 day again 当它再次站上 20 日线时
you're now going to raise your stop to below this 你现在要把止损点提高到这以下
this 20 day hold area 这个20日阻力区
and to me two tests of the 20 day 对我来说，两次测试 20 日线
you know the 20 day is being defined 你知道 20 日线被定义为
as the movement average that's relevant 相关的运动平均线
it's still early 现在还早
but the 20 days 但这20天
like pretty much showing you that 就像在向你表明
that's what this stock wants 这就是这只股票想要的
so we base this is like a cup and handle 所以我们把它看成是一个杯形和手柄形
you take this this is a breakout 你把这个作为突破口
so you buy here your stops the days low 所以你在这里买入，止损日低点
this does squad a little bit 这确实有一点
the one thing here is a gap style 这里有一个缺口
and it holds a higher low this next day 而且第二天的低点会更高
so to me 所以对我来说
I would actually probably raise my stop to that 实际上，我可能会提高我的止损点
gap down low and I know the way I am on this squat day 我知道我在这个下蹲日的表现
I'm probably like oh man 我可能会想
this isn't going to work 这行不通
but then is what happens is it is it firms up and it 但接下来会发生什么呢？
and it pushes higher 然后推高
I'm raising my stop to kind of this rough area 我把我的止损点提高到这种粗略的区域
so it's almost like this stock is taken like 所以它几乎就像这只股票是采取像
five or six days to get going 五六天的时间
but the stop levels are holding 但止损位保持住了
and then it's working higher 然后它继续走高
I would have I know I didn't 我知道我没有
I would have never seen this bar coming 我永远也不会看到这根柱子
like no way in heck 绝对不可能
but it comes we hold the 20 day we kind of rebase 但它来了，我们守住了20日线，我们反弹了
this could be viewed as another buyatt area 这可视为另一个买入区域
we continue to hold the 20 day 我们继续守住 20 日线
and you can raise your stop to below this area 你可以将止损位提高到这一区域下方
and then for me this is the first area where 对我来说，这是第一个区域
you could have likely been stopped out 你可能会被止损
well I guess I showed the shake out area 我想我展示了震荡区域
and you can get taken out here 你可以在这里止损
or often you'll find this breakout area will hold price 或者，你经常会发现这个突破区域会支撑住价格
which is exactly what happens 这正是发生的情况
so I would just say 所以我想说
you could try to hold through this 你可以试着守住这里
because it never really definitively loses it 因为它从未真正明确地失去它
but if you do get stopped out 但如果你被止损了
do not be afraid to buy the stock back 不要害怕买回股票
because that's often what you'll see 因为你经常会看到
is stop areas 止损区
almost become support areas at the same time 几乎同时成为支撑区域
and it's kind of a tricky game 这是一个棘手的游戏
and if you get it wrong just buy it back 如果你做错了，就买回来
it's just 这只是
it's not an exact science but that's how it is 这不是一门精确的科学，但事实就是如此
the 20 day really pretty much continues to hold 20 日线基本继续保持
here 这里
we go up to me this is a really good buyer 对我来说，这是一个很好的买家
and that you get a gap up 而且会出现向上跳空缺口
this reminds me a lot of Tesla last year 这让我想起了去年的特斯拉
when you had that kind of 的那种
I think it was when it got out of the SMP 我想这是当它走出SMP的时候
where you're in a base it gaps up 你在底部，它却向上跳空
it holds that pivot high area 它守住了中枢高点区域
and when you take this out 当你把这个
this is a breakout your stops the day low days low 这是一个突破，你的止损点是当日低点当日低点
we move up you get a hanging man this early 我们往上走，你就会在这个时候被挂住
because I think that this is a valid 因为我认为这是一个有效的
you know by I would not be looking to take games here 我不会在这里玩游戏
I'd be looking to see where the stock gets supported 我会看看股价在哪里得到支撑
and sure enough it has a big shakeout 果然，股价大幅震荡
it holds the 20 day and the breakout day low 它守住了 20 日低点和突破日低点
and it moves back higher 并重新走高
your stop would definitely be moved up to this 你的止损点肯定会上移到
day's low in this reversal 当天的低点
I can show you 我可以向你展示
other examples of breakouts that occurred like this 其他类似突破的例子
in a videos one 视频
earlier this year that was very similar 今年早些时候也非常相似
and to me 对我来说
you're thinking here wow this is loose price action 你会想，哇，这是松散的价格行动
you know this is not a good sign 你知道这不是个好兆头
that's just flat out this is not a good sign 这绝对不是个好兆头
the one thing that occurred here though with pelotonist 但有一件事发生了，在 "Pelotonist "事件中
the market was actually 市场实际上
correcting when this was happening 当这种情况发生时
so you're getting loose action 所以，你会看到一些松动的动作
but it's actually showing relative strength 但它实际上显示出相对强势
to the overall index 相对于整体指数
so it's tough to really show this stuff 所以很难真正显示出这些东西
because we're not looking at the index too 因为我们看的不是指数
but it continues to hold the 20 day 但它继续保持 20 天
and show that character 并显示出这一特征
and then to me this is another byad area 在我看来，这是另一个区域
the reason being is because the index 原因是指数
starts to kind of come together here too 因为指数也开始在这里聚集
so it breaks out 所以它突破了
for your initial 对于你最初的
you know if you had been able to hold in through here 你知道，如果你能坚持到这里
you know your stops coming down here 你知道你的止损点在这里
if you bought here 如果你在这里买入
your stops here 在这里止损
if you're playing this fire 如果你在玩火
or your stop would be this stays low 或者你的止损点就在这里
and as it works up 当它上升时
for everything 一切
you know even this stop 你知道，即使是这个止损点
down here you're probably moving it up to here 你可能会把它移到这里
when you get this pull back and reconformation 当你回调并重新形成时
now you're trading all the positions together 现在你把所有仓位都放在一起交易
you know if you're stopped down in this area 如果你在这个区域止损了
I think like taking this out it's not tight 我觉得把这个拿出来就不紧了
it's not a real buyer 这不是一个真正的买家
I think you gotta be careful buying stuff like this 我认为你必须小心购买这样的东西
this extended 这种扩展
even though it does work here 即使它在这里起作用
it just is not a buyer 但它不是买家
it's extended from the 10 day 它是从 10 天延长的
but basically we take this out you're reconfirming 但基本上我们把这个拿出来，你再确认一下
you pull back you take this out again 你拉回来 你再把这个拿出来
to me you're reconfirming again 对我来说，你又再次确认了
and you're raising your stop to this 你把止损位提高到这个
and then after holding the 20 day this whole move 然后在持有20天后，这整个移动
is what we start to see through this 这就是我们开始看到的
this is like basically sort of like a frozen rope 这基本上就像是一根冻结的绳子
it doesn't create like a tight channel 它不会形成一个紧密的通道
but it's the concept of a frozen rope 但这是冻结绳索的概念
where you could draw a line here and here 你可以在这里和这里画一条线
and it's tight low volatile action 这是个紧密的低波动动作
where after holding the 20 day for like months 在保持 20 日线几个月之后
we start to see it show a change of character 我们开始看到它的特征发生变化
and hold the 5 day 并保持 5 天
and to me when you're getting this 在我看来
you're pulling back and you're reconfirming higher 当你回调并再次确认高点时
you know getting an ignite bar here 你知道这里有一个点火柱
this is an ignite bar here 这是一个点火柱
and then to me you're stopped out right here 然后我认为你在这里止损了
when you lose this acceleration 当你失去这个加速度
and we create a short shelf here 我们在这里创建了一个空架
and then you get a doji 然后你得到一个十字星
you get a Dignite bar with little volume 你会看到一个成交量很小的十字星柱
you get a barrish piercing this 你会得到一个刺穿这里的条形图
test the shelf again 再次测试架子
and it kind of defines this level here 它在这里定义了这个水平
and then when you get this bearish outside reversal 然后当你得到这个看跌的外部反转时
I think it'd be totally fine 我认为完全没问题
sound at the low of the day here 听起来在这里的一天的低点
or the shelf if you're very aggressive 如果你非常激进的话，也可以在架子上
but you can kind of see the change in character here 但你可以看到这里的特征变化
which is something you've got to pick up off 这是你必须要抓住的东西
as you get later into an advance in a stock 当你进入股票上涨的后期
you know early in the advance like like right here 你知道，在上涨初期，就像这里一样
it 它
could just be a sign that a stock is being accumulated 这可能只是一个迹象，表明股票正在积累
but later in an advance 但在后期
you know multi months like this is like month 4 多个月，比如现在是第 4 个月
to me 对我来说
it's a change of character 它的特征发生了变化
to what the stock has done the whole time 这只股票一直以来的表现
and you need to pick up on that 你需要抓住这一点
because then the stock you know sort of falls apart 因为这样一来，股票就会分崩离析
and then you get real loose price action which 然后你就会看到真正松散的价格走势
which this was of I area 这是我的区域
but I think I showed you on the weekly 但我想我在周线上向你展示了
you could really see 你真的可以看到
how this 这个
total basing structure was much different than 总的基础结构与
anything else we saw in the stock the whole move 我们在股票的整个走势中看到的任何其他东西都不一样
and this is kind of when the 这是一种当
I mean look I get it it went higher 我的意思是，我明白它走高了
but this is sort of when 但这是
like the healthiness of the stop changed 止损点的健康状况发生了变化
when when you got stopped out here 当你在这里止损的时候
so that's that's kind of how 所以这就是如何
you know you you can analyze peloton 你知道你可以分析皮洛顿
and peloton wasn't easy 中段并不容易
I mean there were definitely 我的意思是
areas where you could have been shaken out of this 我的意思是肯定有一些地方你会被震出来的
like I know I was shaken out of this and rebought it 就像我知道我被震出来了，然后重新买了它
uh definitely here and and here as well 这里和这里也是
um so that's kind of part of it 所以这也是其中的一部分
like I was shaken out here and I got it back here 就像我在这里被震出，又在这里买了回来
literally about the same price 价格差不多
which like I get it like 我明白了
I'd like to not do that 我不想这么做
but you just never know when this buyer is gonna roll 但你永远不知道买家什么时候会出手
over you just never know 你永远不知道
so that's I'm okay with that 所以我没意见
how do you usually handle 你通常怎么处理
times when the stock is so volatile 当股票波动很大的时候
but 但
it is showing relative strength first at the market 它首先在市场上显示出相对优势
are you just trying to 你只是试图
watch the moving averages mentally or 在心理上观察移动平均线还是
yeah had you kind of handle that situation well 你是否能很好地处理这种情况
so sometimes I handle it well 有时我处理得很好
and sometimes not so well 有时不太好
I can tell you 我可以告诉你
like if we went back and looked at 如果我们回头看看
zoom when zoom was showing relative strength zoom显示相对优势的时候
like I can remember definitively 我记得很清楚
I wish I had the chart here but zoom kinda was finding 我希望我有图表在这里，但zoom有点发现
zoom zoom I was in and it shook the moving averages 我当时在zoom zoom，它震动了移动平均线
and it was really volatile and I got shaken out 它非常不稳定，我被震出来了
and then it was 然后它
finding support on the 50 day moving average 找到了 50 日移动平均线的支撑
and I was actually 我实际上
trying to buy it in there and it worked 试图在那里买入，结果成功了
I was trying to buy it in there because it was shown 我试图在那里买入，因为它表现出
so much strength and 如此强劲
and I gotta say I was like so perfectly positioned 我得说我的位置非常好
right off the 50 day 就在50日线附近
but one of the days it like 但有一天
I can't exactly but it like gap down in either way I 我也说不清楚，但不管怎样都是向下跳空缺口
I ended up like 我最后
basically taken about a scratch and then it moved 基本上是一抓一大把，然后就动了
I ended up by an eye 最后我的一只眼睛
um but 但是
you know you're trying to let the movement average 你知道你想让运动的平均值
be your guide 是你的向导
and it's almost like 就像
you know I said last time 我上次说过
like our job is to pick spots and see what happens 我们的工作就是选点，看看会发生什么
like if you can be in the money 如果你能赚钱
you want it 你想要它
and it's shown relative strength that's the key 关键是要有相对优势
obviously like 很明显
like if it's not shown relative strength you 如果没有表现出相对优势
you don't want to try to let it work 你不想让它起作用
but if you can be in the money 但如果你能在你的资金
in your spots holding and it's volatile 在你持有的点位上，它是波动的
and it's showing strength 而它又显示出优势
like you want to try to stick with it 你就会想坚持下去
like it's not always going to work obviously 很明显，这并不总是有效的
but that's what I try to do 但这就是我想做的
I mean your goal is to catch a real 我的意思是，你的目标是抓住一只真正
move in a stock you know 你知道
not take like a 3 to 5 percent gain or so 而不是3%到5%的涨幅
but you also don't 但你也不
don't want to take a loss if you don't have to 如果没有必要，也不想吃亏
so sometimes in action like this 所以有时在这样的行动中
depend on where you got it 取决于你从哪里得到它
you know maybe you get stopped out 也许你被止损了
and then you end up re buying it here 然后在这里重新买入
sometimes you're able to stick with it 有时你能坚持下去
you know you're not 你知道你不
always going to make the right decision 总是会做出正确的决定
because 因为
you can only make the right decision in hindsight 因为你只能在事后才能做出正确的决定
at the at the time 在当时
you know 你知道
look like people say don't hope and pray 就像人们说的，不要希望和祈祷
I say get a good price protect your cost basis 我的意见是卖个好价钱，保护你的成本基础
and hope it works 希望能成功
under the caveat that 前提是
you know you're going to be protecting your cost bases 你知道你要保护你的成本基础
so you know sometimes you get to survive and 所以你知道，有时你能活下来
and sometimes you don't 但有时却不能
there's not a perfect answer for that 这没有完美的答案
I think that's just the nature of the beast 我认为这就是野兽的本性
perfect 完美
and 还有
let's see there's some questions here 我们来看看这里有些问题
first peloton 第一轮比赛
with that Barrish engulfing you called out in June July 你在六月七月提到的巴里什吞噬事件
do you let the fact that it's holding the moving 你是否会因为它守住了移动平均线
averages keep you in 而不是认为这是性格的改变
rather than considering it a character change yeah 而不是把它看成是性格的改变 是的
so to me this would be chink in the armor No. 1 所以，对我来说，这将是铠甲上的第一个缺口
yep because really the 20 day was the 是的，因为20日移动平均线
moving average of relevance 移动平均线
I don't see how anybody would have seen this coming 我不明白怎么会有人预见到这一点
right 对
because it was it was really chink No. 1 因为这确实是1号缺口
now this bar right here would have been 现在这根柱子
more of a concern to me 更让我担心
well like this would be concerning obviously 很明显，这也是个问题
but it's like chink No. 1 right 但这就像1号缺口对吧
where is this 这是哪里
you're thinking like wedge drop 你在想楔形下降
you know I would have been 我也会这么想
but you're able to kind of hold it the next day 但你第二天还能保持住
you know this is just kind of basing 你知道这只是一种基础
like a lot of these 就像很多这些
stocks where we're like this where they're 就像很多股票一样
they were volatile 它们很不稳定
I mean you'll see this a lot with grow stocks 我是说，你会在成长股中经常看到这种情况
but on kind of chink in the armor No. 1 但这是第一点
really 真的
I think it's when you get chink in the armor number 我认为这是当你得到 在盔甲号的缺口
like 3 比如 3
is where you want to be 就是你要
more concerned and ready to kind of hit out 更多的关注和准备
so that that's not the best dance 所以这不是最好的舞蹈
but 但是
I don't know how anybody could have anticipated this 我不知道谁能预料到这一点
and I think the fact that it had 我认为
showed your hold in the 20 在 20
day is the reason why you don't act there 这就是你不在那里行动的原因
like the stock had said the 20 days what matters 就像股票上说的，20 天是最重要的
and you you just have to trust that 你必须相信
perfect 完美
let's see yeah I think we can move on 让我们看看 我想我们可以继续了
yeah I think we can move on to the next example 我想我们可以继续下一个例子了
so just to kind of elaborate on that a little 我想我们可以继续下一个例子了
sorry is like right here I can tell you I was 对不起，就在这里，我可以告诉你，我当时
I was shaking out 我在发抖
and the reason being is because we had a chink one 原因是我们有一个缺口
to me this was like chink too 对我来说，这也是一个缺口
this kind of like failed breakout 这种像失败的突破
to me right here as well 就在这里
and then when we fall through on that 当我们失败的时候
I was thinking this thing could come in 我在想这东西可能会进来
where is here it's like 这里就像
you know you're probably like oh man 你可能会想
I hope this thing holds the 20 day again 我希望这东西能再坚持20天
because there was really no reason 因为真的没有理由
to me I mean 我是说
I guess maybe you could say this kind of candle here 我想也许你可以说这里有这种蜡烛
maybe but to me 但对我来说
this is really kind of the first chink in the armor 但对我来说，这真是盔甲上的第一个缺口
where is up here 这里
I think you had more of them 我觉得你有更多
um so that's 所以
that's a bad day 这是糟糕的一天
where where nothing wrong has really occurred yet 还没发生什么事
perfect 完美
all right so fastly this was a great stock 好了，这只股票很不错
until it wasn't 直到它不是
but let's look at really 我们来看看
the meat of the move of this stock 这只股票的走势
so this was another 这是另一个
stage 1 IPO base 第一阶段 IPO 基础
if you go open this up and look at the weekly you can 如果你打开看看周线，你可以
you can better see it 你会看得更清楚
but basically we broke out 但基本上我们突破了
this is a Bible gap up this is the earnings day 这是一个 "圣经 "缺口，这是收益日
so it breaks out 所以它突破了
you could buy the break out day with the stop at 你可以在突破当天买入，止损位在
the days low or 当日低点或
the next day 第二天
you can buy the push through here with the stop at 您可以在这里买入突破，止损位在
this day is low 这一天的低点
both would have worked 两种方法都可以
kind of once it gets going here 一旦它在这里启动
you know 你知道
I think you kind of adjust your stop up to this 我想你可以把止损点调整到这里
this rough area 这个粗糙的区域
it gets going 它开始移动
this is kind of your first sign of distribution 这是你的第一个分布迹象
a little bit after the breakout 突破后的一点点
I wouldn't be too concerned with it cause it's 我不会太在意它，因为它
it's so early after the breakout and 现在是突破后的初期，而且
and we're really holding the 5 day moving average 而且我们真的守住了5日均线
like we haven't even 我们甚至还没有
like it's so early nothing's been defined 就像现在什么都还没确定一样
so you're stopped you're just 所以你停了下来，你只是
you're keeping down in this area 在这个区域保持下跌
you know you're protecting your cost basis 你知道你在保护你的成本基础
we go up this is kind of chink No. 2 我们涨价了，这是第二个缺口
and that you get that that barrish 这样你就能得到巴里什
piercing pattern or you know almost in golfing 穿透模式，或者你知道几乎是在打高尔夫球
um but we're still above the movement amateurs 但我们仍然高于业余运动
nothing's been defined 什么都还没确定
we're in a stage 1 situation 我们还处于第一阶段
so we want to try to get let this thing work now 所以我们现在要让这东西发挥作用
this nearly does test what 这几乎测试了什么
what would have been your stop 你会怎么做？
um I can tell you that I was able to hold through this 我可以告诉你，我能坚持到现在
because I just was like I had conviction in it 因为我对它有信心
and had it picked a moving average it had it to find 它选择了一条移动平均线，它找到了
anything yet 任何东西
and this is really the first 这是第一个
kind of reconformation point where we pull back 我们回撤
we reconfirm higher 我们重新确认更高
but this was a secondary by area 但这是一个次级区域
so this was a bull flag 所以这是一个牛旗
you could have added your position 你可以加仓
or take it in initial position 或者把它放在初始位置
and it's the second by area it's by point B 这是第二个区域，是B点区域
so I think it's a valid by area for sure 所以我认为这是一个有效的区域
so you can buy it 所以你可以买入
if you bought here 如果你在这里买入
I think your stop is probably this area 我认为你的止损点可能就在这个区域
and when you fall through 当你跌穿时
you want to try to get it to here 你想把它移到这里
if you're alarmed from down here 如果你从这里开始下跌
you still just want to keep your stop here 你还是要在这里止损
and then kind of as it falls through 然后在跌穿时
you adjust it up to here 调整到这里
when we reconfirm 当我们再次确认
we go up and to me this is 对我来说
this is you know more type of concerning action 这是你知道的更多类型的有关行动
you get that 你会发现
I wouldn't even really call this a shooting star 我甚至不会真的把它叫做流星
I'd more call it a doji 我更愿意称之为十字星
a spinning top 陀螺頂
another spinning top 另一个旋转顶部
but we we 但我们
supported here in our stop area isn't pushed at all 在我们的止损区域内没有受到任何支撑
and then when we push out of this area we reconfirm 当我们突破这一区域时，我们会重新确认
I do think this is a valid by area because of how 我认为这是一个有效的区域，因为
long the basin period is 因为盆地周期很长
so for all by areas 因此，对于所有区域
your stops would be moved up to here 您的止损点将上移至此处
if you bought this breakout 如果你买了这个突破
you know your stop would be this stays low 你知道你的止损点会停留在这个低点
and then when we follow through on everything 然后当我们跟进一切
I think at this point when you 我认为在这一点上，当你
when you get up here 当你到达这里时
you want to have your stop around this area for all 你希望所有仓位的止损点都在这个区域附近
positions and then when we fall through here 当我们跌穿这里时
this is an ignite bar 这是一个点火柱
you want to get your stop up here 你要在这里止损
we continue higher 我们继续走高
to me 对我来说
in the moment when you're seeing this type of action 当你看到这种走势时
I'm sort of expecting a couple days of consolidation 我预计会有几天的盘整期
but as what we get is an ignite bar 但由于我们得到的是一个点火柱
the volume is big at the time 当时的成交量很大
for sure 当然
and it continues higher 并继续走高
now 现在
this shooting star to me is a relevant shooting star 这颗流星对我来说是一颗相关的流星
you know someone asked earlier would you be concerned 之前有人问你会不会担心
and in this situation absolutely 在这种情况下
because we've come multiple weeks 因为我们已经走了好几个星期
and it's on big volume 而且成交量很大
and I think that's why you kind of get this 我认为这就是为什么你会得到这种
shake out here 震荡
now I can tell you I did get shaken out here 现在我可以告诉你，我确实在这里受到了冲击
but I can totally see why this occurred 但我完全明白为什么会出现这种情况
because you have a big volume shooting star after 因为你有一个大成交量的流星
a major advance 大幅上涨
but to me it's kind of like you at stage 1 但对我来说，这有点像你的第一阶段
this is sort of like your stage 2 base 这有点像你的第二阶段基础
and you're still sort of early 你还处于早期
in a way 在某种程度上
and I mean you're not early because you're just not 我的意思是，你并不早，因为你还没有
but you come down 但你下来
you set this and to me you reconfirm again 你设定这个，然后再次确认
and then you raise your stops to hear 然后你停下来听
you come up to me this is your first real extension 这是你第一次真正意义上的延期
I guess you could do this 我想你可以这样做
your second extension actually 实际上是第二次延长
because this is the first 因为这是第一次
this is the second 这是第二次
so I think this is the first real like major cell 我想这是第一个真正的主要细胞
in distrent the area up in here 在这个区域
we pull back on volume 我们放量回调
to me even though we didn't hit the 10 day 对我来说，即使我们没有触及 10 日线
if we had followed through here 如果我们突破了这里
I would have got out of the position 我就会离场
but we based out 但我们基于
this is a buy area 这是一个买入区域
but this is definitely a swing area for sure 但这肯定是一个震荡区域
because you've got major distribution here 因为这里有主要分布
you've got distribution here 这里有分销
you've kind of got like two pretty significant 这里有两个非常重要的地方
things to take note of 需要注意
I think the reason 我认为原因是
because I went back and I looked at my trade 因为我回头看了看我的交易
because when I was going over this 因为当我查看这个
I noticed this 我注意到了这一点
and that's kind of why I bring it up 这就是我提出来的原因
and I was viewing this is like the first red flag 这就像是第一面红旗
which is why I was able to hold through it 这也是我能够坚持到底的原因
this was the second red flag 这是第二面红旗
unfortunately in hindsight 不幸的是
and I'm noticing this more and more 我越来越注意到这一点
you kind of get these 3 ignitish type bars in a row 你会发现连续出现三根点火棒
and I'm going to start 我要开始
selling into this type of action later in the cycle 我将开始在周期的后期卖出这种类型的行动
more from now on 从现在开始
because I think you get your first 因为我认为你的第一个
your second extension you're extended on the weekly 你在周线上的第二个延伸
but you know even if you didn't do that which I didn't 但你知道，即使你没有这样做，而我没有
the way that I played this is 我的操作方式是
these were ignite bars 这些是点火棒
and you raise your stop to this bars low 你把止损点提高到这根柱子的低点
and then this bar is low 然后这根柱子是低点
and then you kind of have this defined trend 然后你就有了这种明确的趋势
and this is this is when I was taken out of it when my 这就是当我的
when my ignite bar lows stop 当我的点火柱形低点止损
Scott got triggered 斯科特被触发
so I do think that this was a situation 所以我认为这是一种情况
where I gave a lot back 我回吐了很多
not selling into strength 没有卖出强势股
but at the same time 但同时
feel like I would have sold down here or here 我觉得我应该在这里或这里卖出
you know with that kind of thought process 你知道，在这种思维过程中
of keeping things too tight 把事情看得太紧
so you know 所以你知道
this is really where the trade kind of ends 这就是交易的终点
down in this area 在这个区域下跌
I think if you if you go back and look at this stock 我想如果你回头看看这只股票
in reality we sort of held the 10 day here in a way 实际上，我们在某种程度上守住了 10 日线
but it was so early you had no idea 但当时太早了，你根本不知道
we held it again here which kind of same deal 我们在这里再次进行了同样的测试
this is kind of the second test 这是第二次测试
and then we start riding up you hold it again here 然后我们开始往上爬，你在这里再保持一下
and I think at worst 我想在最坏的情况下
you know you would have sold 你会卖出
even if you sold down here on this bar 即使你在这条线上向下卖出
you know you would have sold this 10 day break 你知道你会卖掉这个10天的休息时间
but I do think you could accident hire 但我认为你可以意外地雇佣
just by strictly being stopped out of your ignite bar 只是因为你的点火杆被严格止损了
stop 停止
so that's you know that's how I played 这就是我的玩法
how you could have played fastly 你本可以打得很快
and after that shooting star 在那颗流星之后
Middleway through the up trend 在上升趋势的中途
what would have caused you to sell 是什么让你卖出
after that occurrence 在那之后
if we didn't have that nice upside reversal 如果我们没有那个漂亮的上行反转
outside reversal to the upside 外部反转上行
yeah so one at worst your 是的，所以在最坏的情况下
your stop sometimes like when I get my 你的止损，有时就像当我得到我的
when I get my stops and I try like not to 当我得到我的止损点，我尽量不
like pay too close attention 我试着不太注意
almost 几乎
like once I'm like in the money and my risk is to find 一旦我赚了钱，我的风险就是要找到
so like your stop is this area 你的止损点就是这个区域
and then at this point 然后在这一点上
you know you're just kind of watching 你知道你只是在观察
and then your stop gets brought up to here 然后你的止损点在这里
on this reversal 反转时
if we had tanked back down 如果我们回落
like 那么
you would have given back a good chunk of your gains 你就会损失一大笔收益
it was sucked 太糟糕了
but really 但实际上
we had this reverse because the stock was so strong 我们有这样的反转是因为股价非常强劲
it was just a little stretched from the 10 EMA 只是从 10 EMA 开始有点拉伸
but yeah I would have been stopped down here 是的，我会在这里止损
and it happens like it's happened to me 我也遇到过这种情况
where I'm 我
you know and that's almost like the cell 你知道，这几乎就像细胞
some holds them 有些人持有它们
that's probably why some people took them off 这可能就是为什么有些人把它们拿掉了
here is this is an example where your open 这里就是一个例子
gains give you exposure 收益让你曝光
and it makes sense to take some off 所以拿掉一些是有道理的
I would have to go back and see how 我必须回去看看
quickly this happened on the Inter chart 这在 Inter 图表上发生得有多快
to see just kind of how realistic 看看有多现实
that was at least like for me 至少对我来说是这样
and knowing how I trade 并了解我的交易方式
I would not have been 我不会
really looking to take it off there 真的想把它拿下来
because I hadn't really seen any 因为我还没有看到任何
signs of distribution so just knowing how I think 因为我还没有看到任何分销的迹象
you know I would have been waiting 你知道我会一直在等待
just like I did on the crowd trade 就像我在人群交易中做的那样
where it pulled back 它回撤了
and you got to really stop that 你必须真正阻止它
that would be my thought process here 这就是我的想法
and then when we reconfirm you bring it up 然后当我们再次确认时，你再把它提出来
you know and that's how I treated it 我就是这样处理的
perfect and 完美
for this one did you pyramid into your position at all 这一次，你有没有在你的位置上形成金字塔
on those earlier vibe points 在这些早期的振动点上
or did you just kind of establish a core and 还是你只是建立了一个核心
just keep it all the way through 一直保持下去
yeah I did so on this one I'll tell you 是的，我是这样做的。
I took a pretty huge position here 我的仓位很大
because my little brother works and 因为我弟弟在
and my little brother works for 我弟弟为
I need to know if I can say the company or something 我想知道我能不能说公司什么的
yeah he worked for Oracle at the time 他当时在甲骨文工作
and he basically sold in this 他基本上就是卖这个的
space and he had basically told me 他告诉我
this company has the best product by far 这家公司的产品是目前最好的
and he and I and I 我和他
I definitely don't trust his opinion on stocks 我绝对不相信他对股票的看法
but I trust when he tells me something 但我相信他告诉我的
about an industry he's in 他所从事的行业
so I actually had been 所以我其实一直
I've tried this stock 我试过这只股票
I think down in here somewhere 我想就在这里的某个地方
I came over exactly where 我来到这里
and then my buddy Joe uh he 然后我的朋友乔
I don't know Joe's Joe's probably on here 我不知道乔是谁 乔可能在这里
my buddy Joe who I who I 我的朋友乔
you know he's probably one of my best traded buddies 他可能是我最好的交易伙伴之一
he was really onto this story like big time 他对这个故事非常感兴趣
like in advance 提前知道了
and we had been like waiting for this thing 我们一直在等这件事
kind of like you know 就像你知道的
some people have been playing 有些人一直在玩
some of these stage 1 ipos 一些第一阶段的IPO
like a Furman stuff 就像富尔曼的东西
like at the time 当时
like we were really fired up about this thing 我们对这件事充满热情
so we were ready to go on day one and 所以我们第一天就准备好了
I sized this pretty good 我把这个尺寸定得很好
and then I bought more here and I bought more here 然后我在这里又买了一些，在这里又买了一些
I think I had taken some of this off 我想我已经把一些
into here like a small amount 到这里，比如少量
because at the time 因为当时
like this doesn't look extended here 因为当时
but it did at the time right 但当时确实是
but then in here we we 但在这里，我们
yeah we went after this thing pretty good 是的，我们很好地处理了这件事
like this was one of my my really 这是我去年
big winning stocks last year 大赢家之一
because of the size I had in the stock 因为我的股票规模很大
so yeah definitely pyramided this 所以是的，绝对是金字塔式的
and that's like a good thing to note is 值得注意的是
you know your big winners are like think about it 你知道你的大赢家就像想想看
you had one two three good buy areas in the stock 你在股票上有一二三个好的买入区域
whereas some stocks give you like 而有些股票给你
one buy area and they go 一个买入区域，然后他们就走了
and you're not going 你就不会
to make as much money in those stocks 在这些股票上赚不到那么多钱
because 因为
you're just not going to get the chance to get really 因为你不会有机会真正
really really big in the stock 大赚一笔的机会
so it's almost better when a stock doesn't just rip 所以，如果一只股票没有暴跌，那就更好了
and it gives you some 并给你一些
different buyeries kind of near the top 在顶部附近有不同的买点
called it 1/3 of the run 称为运行的 1/3
because then you can really really you know hit it hard 因为这样你就可以真正地、真正地、你知道地重创它
great 很好
alright so levango 好吧，那么Levango
I would say levango and fastly 我会说Levango和Fastly
like first part of the year last year 就像去年上半年
we're definitely Oliver Cass 我们肯定是奥利弗-卡斯
there was actually one more question 其实还有一个问题
that third night bar in July 七月第三晚的酒吧
do you consider the psychological number like 你认为心理数字
the 100 level 100水平
because it looks like it 因为看起来
it tried to take it and failed right there 它试图攻占它，但在那里失败了
yeah exactly 没错
I think this is a good area to sell 我认为这是一个很好的卖出区域
I can just 我可以
look I'll tell you I got excited with this stock 我会告诉你我对这只股票很兴奋
I mean I did I just did for sure 我是说，我确实很兴奋
but yeah I think the whole number 但我觉得整个数字
you read Livermore we failed the whole number 你看利弗莫尔，我们整个数字都失败了
and that was probably an area to get off the stock 这可能是我放弃这只股票的一个原因
unfortunately I got off the 不幸的是，我放弃了
you know down in this area more 你知道在这个领域
but I but that's another 但这是另一个
great thing to call out 很值得一提
yeah you let price action dictate at the end of the day 是啊，最终还是要看价格走势
yeah but yeah 是的，但是
I mean basically is you had like the 10 day 我的意思是，基本上是你有像 10 天
the rising trend line 上升趋势线
your ignite bar stopped 你的点火柱停止了
you had a couple different things 你有几个不同的东西
so if you handle it perfectly you sold into this 如果你处理得很好，你就能卖到这个价位
but if you didn't do as well you know you 但如果你做得不好，你就会知道
there's a reason why this bar was so big 这根柱子这么大是有原因的
because a lot of people were probably doing 因为很多人可能都在做
exactly what I did 和我做的一模一样
I was just part of the herd you know right 我只是羊群中的一员，对吧
all right so levanga 好吧，那么莱万加
this was like another name that was just awesome 这是另一个很棒的名字
and really I went over on the by side 我把它作为一个相对优势的例子
I used this as a relative strength example 我把它作为一个相对强势的例子
so I'm not going to go too deep on that 我就不多说了
but basically 但基本上
you know this was up an EMA crossback a bull flag 你知道这是一个向上的 EMA 十字星，一个牛旗
this is kind of the breakout 这是一种突破
you know you're stopped with a bit below the movement 你知道你的止损位低于运动位
arid is this was like a secondary area 这是一个次级区域
where we reconfirm and you bring your stop up to here 在这里我们再次确认，你把你的止损放在这里
I think because you're just taking out this IP of high 我想是因为你刚刚突破了这个高点
you know this is still like 你知道这仍然像
oh like some people probably this is their initial buy 哦，就像有些人可能这是他们的初始买入
right 对吧
and so it goes up and it pulls back 因此，它上升，它拉回
and this is a very good buy area 这是一个很好的买入区域
I think I told you guys before 我想我之前告诉过你们
one of the biggest mistakes I made 我犯的最大错误之一
that I didn't make it vastly but I made in Levango 但我在 Levango 犯了一个错误
as I had had a pretty outsized position on this 因为我有一个相当大的仓位
and I'd taken a little bit off 而我在
into this into this rally into this 40 area 在反弹到40点区域时
and I didn't and I didn't 我没有，也没有
take this by area here to add more to my position 在此区域加仓，这真的是一个非常大的错误。
which was a really really big mistake 这是一个非常非常大的错误
even at the time I knew this was a good by area but I 即使当时我知道这是一个很好的区域，但我
I think I didn't want to mess up my price or something 我想我不想搞砸我的价格或什么的
like I trust me 我相信我
this haunts me a little bit 这让我有点耿耿于怀
because this was a really good buy area 因为这是一个非常好的购买区域
but basically this is the next bier 但基本上，这是下一个啤酒
if you take this 如果你把这个
you know your stop initially is below the 20 day 你知道你的止损点最初在20日线下方
and then when it falls through 然后当它跌穿
you move it to the day slow 你就把它移到慢速日线上
insane with your bier is down here 你的止损位在这里
you know when they come up and you 你知道，当他们上来和你
and you 你
and you reconfirm your stop areas going to here 你会再次确认你的停机位在这里
and then as the moving 然后随着移动
I would just kind of get above your BI 我就会在你的BI之上
are they become more relevant 它们会变得更加相关
and that's exactly what happens here 这正是这里发生的情况
so you move your stop to here 所以你将止损点移到这里
if you would add a deer position 如果你想增加一个鹿的位置
position a or stop would still be down here 位置 A 或止损点仍在这里
position B or stop would be the days low 位置 B 或止损点将是当天的低点
and then as it works up you 然后当它向上运行时，你
bring both positions up to here 将两个仓位都移到这里
so we go up this is an example 这样我们就上升了，这是一个例子
again I want to emphasize this because 我想再次强调这一点，因为
because I used to really make this mistake a lot 因为我以前经常犯这样的错误
I would sell like right here 我会在这里卖出
and I'd be kind of you know buying it back higher 然后再买回更高的价位
this is day 3 of the breakout 这是突破的第三天
and you get that shooting star 然后你就会看到流星
this is all about that that whole concept of context 这就是关于背景的整个概念
and then it's it's it's not that significant 然后它的意义就不大了
it's not a significant shooting star 这不是一个重要的射击之星
so we pull back 所以我们回撤
we work higher 我们再往上爬
I can tell you 我可以告诉你
I got shaken out of Lebango right here 我在莱班戈被套了
and I bought it back 我买了回来
and the nice thing that I did do here 我在这里做了一件好事
I didn't add to my position here but I did 我没有加仓，但我确实
take a significantly larger position here 但我的仓位明显增加了
based on that William O'neal 基于威廉-奥尼尔
concept of once you get shaken out 的概念
you have to buy more back 你就得买回更多
so we go up 所以我们上涨
I do think that this was a buy area right here 我确实认为这里是一个买入区域
that ended up failing 但最终失败了
I didn't take this because I had just been in this but 我没有买入是因为我刚刚买入了这只股票，但
if I hadn't been in the stock this was a buy area 如果我没买这只股票，这就是买入区域
we break out stop days low and it fails 我们突破了止损日低点，但却失败了
this would be a situation that just stinks like it 这将是一个情况，只是臭喜欢它
it supports at the 20 day and 它支持在20天和
and it ends up going higher 而它最终会走高
and that's just like part of the game 这就是游戏的一部分
that stuff happens and you know it's gonna happen 这种事情时有发生，你知道它会发生
a million more times if you trade long enough 如果你交易的时间足够长
but if you had this area down here 但如果你在这个区域
you know you held through 你知道你持有通过
we hold the 20 day 我们守住了 20 日线
I think this is another buy area right here 我认为这是另一个买入区域
I'll never forget this 我永远不会忘记这一点
because I think Goldman Sach said like 因为高盛说过
sell the stock 卖出股票
and then they probably bought a ton of it 然后他们可能买了一大堆
and we break out 然后我们就突破了
if you're in from one of these areas 如果你从这些区域之一进入
you know down here your stop 你的止损点
is below the 20 day 是低于20天
like I think at this point it's pretty well defined 我认为在这一点上已经很明确了
the 20 day is the movement average of note through here 20 日线是这里的移动平均线
so we go up this is another example 所以我们往上走，这是另一个例子
where we just break out 我们刚刚突破
and you get like a shooting star 就像一颗流星
this is unlike day too 这也不像一天
and it's just not relevant 这只是无关紧要
which is why do you get that support 这就是为什么你会得到支撑
so we start to get extended here 所以我们开始在这里延伸
and we pull back 我们回撤
and notice now how we're holding the 10 day 注意现在我们是如何守住 10 日线的
so to me this is like a slight changing character 所以对我来说，这就像一个轻微变化的特征
it doesn't mean much 这并不意味着什么
I can tell you that if we had lost this area 我可以告诉你，如果我们失去了这个区域
I probably would have sold this stock 我可能会卖掉这只股票
but it's what we do is we break out 但我们要做的就是突破
I think this is a ballad by area 我认为这是一个区域
and we really start to get to get moving now 现在我们真的开始行动了
so if you bought this by area your stops the days low 如果你买了这个区域，你的止损点就是当天的低点
as we follow through you're raising it 当我们突破时，你的止损点就会提高
and on 和上
every position you have now 你现在的每个仓位
your stop is now raised to the ignite far low here 你的止损点现在提高到了点火的低点
because you also have this big gap 因为你还有这个大缺口
which big gap UPS equal strength 这个大缺口与UPS的强度相当
when you take this out and then also follow through 当你把它取出来，然后再跟进
all positions are here 所有仓位都在这里
this is the first extension 这是第一个延伸
the first sign of distribution which it's supported 它得到支持的第一个分布迹象
when it gets supported 当它得到支撑时
and you reconfirm your raising stops to this area 你要重新确认你在这个区域的止损点
and when we break out here 当我们突破这里时
this to me is definitely not a valid fiery 这对我来说绝对不是一个有效的火势
because you're also overcoming this distribution 因为你也在克服这种分布
which I always think you want to be careful 我始终认为你要小心
like taking new positions around distribution 比如在分布区附近建立新仓位
but you raise your stop to this area 但你把止损点提高到这一区域
and sure enough that's exactly where we support 果然，这正是我们支持的位置
but we're starting to see tiredness build up here 但我们开始看到疲惫感在这里积聚
this is kind of chink in the armor number two 这是第二个缺口
and then I guess this is a breakout again here again 然后我想这又是一个突破口
I just think you're playing with fire 我只是觉得你在玩火
buying these types of breakouts 买这种突破
we've started to see the stock go from respecting the 我们已经开始看到股价从遵守
20 day 20天
to the 10 day 到 10 日线
and now it's really accelerating 现在它真的加速了
um and then is what happens is we 然后我们
we gap up here on the tele DOC news 我们在电视DOC新闻上跳空上涨
um and I gotta give a shout out here to 我得在这里大声喊出来
to Puru Sexina he literally tweeted out in the morning 他早上在推特上说
that he thought Lavango 他认为拉万戈
selling their business was a huge mistake 出售他们的业务是个大错误
and I got out of half my position in the premarket 我在盘前卖掉了一半的仓位
and unfortunately I think I sold the rest 不幸的是，我想我卖掉了剩下的
I can't remember exactly where 我不记得具体位置了
but like kind of down here 但就在这里
same deal as fastly I've done so well in it that I was 同样的交易，我做得很好，以至于我
I didn't fade myself as hard as I should have 我没有像我应该做的那样拼命减仓
but I think I could have got out of the whole thing 但我想我本可以全身而退的
definitely 绝对
140 ish I think I got out of the rest like 140秒左右，我想我剩下的就像
literally like the low 1 30s 就像低130
so I gave back you know 所以我还了
that was a big bar I gave back a chunk 这是个大交易，我回吐了一大块
but huge trade awesome trade 但这是一笔巨大的交易，很棒的交易
notice how we top on good news 注意到我们是如何在好消息时见顶的
I think I'd highlight again that like 我想我要再次强调
there's volatility in these grow stocks 这些成长股有波动性
and if you're not willing to trust your stops 如果你不愿意相信你的止损点
like these stops literally worked this whole way up 就像这些止损在整个上涨过程中都起了作用一样
but it definitely wasn't pretty 但这绝对不是好事
so you gotta kind of be vulnerable 所以你必须要有
enough to trust your stops 足够信任你的止损点
and just you know 你知道
hope that they work almost 希望它们起作用
because they do work 因为它们确实有效
and there's a reason why this low is like 这个低点在这个低点之上是有原因的
above this low 在这个低点之上
you know what I mean 你知道我的意思
there's a reason for that 这是有原因的
and then notice the acceleration into the top 然后注意加速到顶部
topping on good news 好消息的顶部
I think 我认为
is something you're going to see very regularly 是你会经常看到的事情
and that's you know 你知道
that was an aggressive cell signal 这是一个积极的细胞信号
but if you didn't take that 但如果你不这样做
you know 你知道
I think your cell signal would have been down here 我想你的手机信号就会下降
when we when we lost the 10 day 当我们失去10天的时候
because that's kind of what we had 因为我们已经
started to show respect for 因为那是我们开始尊重的东西
so at worst I think you get out down here 所以最坏的情况下，我想你会到这里来
and at best 最好的情况
you know I think you get out selling into strength 你知道，我认为你可以卖出强势股
and then let's say that you had still been 比方说，你还在使用
using the 20 day 使用 20 天
which I think was okay 我认为这是好的
you know maybe you got shaken out here 你知道，也许你会在这里受到冲击
but if you held 但如果你持有
definitely this wedge drop here is what's going to 这里的楔形下跌会保护你
protect you and really 保护你
keep you out 让你出局
so notice how that there are ways to play the stock 所以，注意到如何玩股票是有方法的
but then the cycle ultimately protected you 但周期最终保护了你
because you don't actually get your wedge drop until 因为你要等到楔形下跌
right here 就在这里
but 但
it protects you from going through what occurred 但它保护你避免了接下来发生的情况
next which was this ended up being the top of the stock 接下来发生的事情，这就是股价的顶部
so if you bought this breakout 所以，如果你买了这个突破
it didn't exit till the wedge drop 直到楔形下跌才退出
you know you were protected by the cycle 你知道你受到了周期的保护
yeah I remember going into that morning 我记得那天早上
I had Tele DOC and Levango 我有 Tele DOC 和 Levango
and that was an interesting morning for sure 那肯定是个有趣的早晨
yeah yeah and also it looks like here we're about 是啊是啊，而且看起来我们在这里大约
I don't know is 50 我不知道是50
60 percent above the 50 day moving average 比50日移动均线高出60%
it might have been a weekly extension to 可能是周线延伸到
on that time frame 在那个时间框架上
yeah it would have been 是的，应该是
I didn't have those stats or anything like that that I 我没有这些统计或类似的东西，我
you know looking at now 你知道现在看
but now 但现在
that's something that I'm gonna more incorporate 但现在，我会更多地把这些纳入进来
I'm gonna I'm gonna more 我会更多
even though I use the 10 20 day 即使我用10到20天
I'm gonna be paying attention more 我会更加关注
to how extended my stocks get from the 5200 我的股票从 5200 点开始的时间有多长
and I'm gonna kind of cross reference that chart 我会交叉参考那个图表
so like I'm not gonna 所以我不会
like to me this would have been in that small Capcom 对我来说，这应该是那个小卡普空
so I'd probably be looking at that 所以我可能会看
those set of numbers 这组数字
but I'm going to be paying more attention to that 但我会更关注这个
especially more once I kind of study names 尤其是当我研究了名字之后
and verify that I think those numbers are legit 并确认我认为这些数字是合法的
which based on what I've done so far I think they are 根据我目前所做的工作，我认为它们是合法的
and we've got 我们已经
Sunil's pointing out that we're kind of 苏尼尔指出，我们有一种
this is also an example of where 这也是一个例子
we kind of respect that 我们尊重
5 day moving average with that accelerated advance 5日均线的加速上涨
versus the 20 day absolutely 与 20 日均线绝对
so I think that if somebody had even wanted to sell 所以我认为，如果有人想卖出
into this 卖出
like when I go back and look at this 当我回过头来看
actually like I think 其实我觉得
I think now with my experience 以我现在的经验
like I'd probably be selling into this or this 我可能会卖掉这个或这个
because I do think that this was pretty extreme 因为我觉得这很极端
and I think generally most markets 我认为一般来说，大多数市场
I think that these areas like 我认为这些地区
really if you think about a first second 如果你想想第一秒
this is like the third extension 这是第三次扩展
right and a lot of the times you're not gonna get that 对，很多时候你是不会得到的
like this if you go study this 像这样，如果你去研究这个
like this was a true blow off top 就像这是一个真正的爆炸顶部
like try to convince me that somebody didn't know this 试着让我相信有人不知道合并的事
merger was gonna happen 合并会发生
yeah right like 没错
people knew people knew in my opinion 在我看来，人们知道人们知道
but they got faded 但他们被淡忘了
and I think that's often 我觉得这经常
gonna happen where 会发生在
you know big grow stocks after an extended move 你知道大盘股在长期上涨后
top on good news 在好消息的推动下
and people had some questions about the shakeout Rebi 人们对震荡有一些疑问，雷比
so could you talk through 你能谈谈
first of all kind of what O'neal says about that 奥尼尔是怎么说的
and also how you manage to stop boss on that position 以及你是如何在这个位置上止损的
and position sizing and all of that 以及仓位大小等等
yeah so O'Neill's rule 奥尼尔的规则
I don't know the exact rule but he uses the 50 day 我不知道确切的规则，但他使用 50 天
and it's basically just it is what it is 基本上就是这样的
like you have a good position you really like 就像你有一个你非常喜欢的好位置
it's got big earnings it got big sales 它的收益很高，销量也很大
and also I would 而且
I would imagine that O'Neill is not like 我认为奥尼尔不会
buying a shake out later in the move 买入震荡后的走势
you know so I would 所以我会
say that as well 我也这么认为
but it is what it is 但事实就是如此
you know you get shaking out so you get to stop 你知道你会被震出来，所以你要停下来
because you gotta be disciplined 因为你必须有纪律
like you don't know if this is gonna 就像你不知道这会不会
fail and go all the way down here 会不会失败
you have no idea 你不知道
so you know you you get stopped because 所以你知道你会停下来，因为
you know that's 因为你知道
you're following your rules 你是在遵守规则
but then you show a little humility and say like wow 但你会表现出一点谦虚，说哇哦
like I got shake it out and I was like wrong 我摇出来了，我错了
but the buyers showed me I was wrong 但买家告诉我我错了
and so you buy it back through the high of the day here 所以你在这里买回当天的高点
or you know if you're aggressive maybe 或者你知道，如果你很激进，也许
maybe buy some back that day 也许那天会买回来一些
I I really can't remember what I did 我真的不记得我是怎么做的了
actually if I bought it back this day 实际上，如果我在这一天
or through the high of the day 还是通过当天的高点
but but I I know that I bought back 但我知道我买回的
more than what I sold 比卖出的多
part of the reason I did that 我这么做的部分原因
bought more is because I realized I had made a mistake 是因为我意识到我犯了一个错误
not buying here 没有在这里买入
and I kind of viewed this shakeout 我把这次震荡
as an opportunity to get back on like real size 我把这次震荡看成是一个机会，可以买回真正的股票
so it's just is what it is like when you see a shakeout 所以，当你看到震荡的时候，就会觉得是这样的
if you think about the psychology 如果你考虑一下心理因素
weak hands like myself sold 像我这样的弱者卖出
and strong hands bought our shares 强者买入我们的股票
and 而
you know we want to be 你知道我们想
following the strong hands 跟随强手
the institutions the guys moving around real cash and 机构，那些动用真金白银的人
and that's really what a shake out is 这才是真正的洗牌
is the transfer of ownership from week 是所有权的转移
momentum players whatever you want to call me 不管你怎么称呼我
um to Fidelity it's zero price 转到富达，零价格
um 嗯
who are stepping in and in Columbia whatever whatever 他们插手了哥伦比亚，不管是什么
yeah any institution 任何机构
and and they're supporting the stock and saying 他们支持这只股票，并说
no we like this stock 不，我们喜欢这只股票
because they're the ones who are holding for this move 因为是他们持有这只股票的
they're the ones that are creating this move 是他们创造了这种走势
and so that's the logic behind buying more 所以这就是买入更多股票的逻辑
you know more shares on a shakeout 在震荡中买入更多股票
is it's just the idea 就是因为
that it was a shakeout 这是一次震荡
therefore the stock should go higher 因此股价应该上涨
and it's also a sign 这也表明
that institutions are showing support for the name 也表明机构对这个名字的支持
perfect and there's also a question here for Mark 完美，这里还有一个问题要问马克
on an extension if you're selling into it 如果你卖出股票，你的仓位有多少？
what portion of your position 你卖出的仓位
of your total position size are you selling into 你卖出的仓位占总仓位的比例是多少？
strength 力量
sure so 当然
you know if you're going to take some off in the first 你知道，如果你打算在第一次延期时减持一些股票
extension that's kind of like when I talked about 这有点像我之前谈到的
cells and hold some or whatever earlier 细胞，并持有一些或什么的时候
that's kind of No. 2 这是第二种
where you're probably taken off like a quarter to a 30 在那里，你可能会采取像一个季度到30
year position 年的位置
whereas the second extension 而第二次延期
I I actually think based on just 我认为
looking through tons of names I think it's 通过对大量名字的研究，我认为
reasonable to take your position off 把你的仓位
into the second extension 第二次延期
but you could also 但你也可以
take the approach of 采取
taken off another quarter or third 再减仓四分之一或三分之一
so that you've got 这样
you know maybe 你知道也许
like a third of your position left to sell 三分之一的仓位
into weakness 进入弱势
so it just depends how 所以这只是取决于
aggressive you want to be selling into strength 你想在强势时卖出
I think a sort of you know 我认为
I don't know if this is the way to put it but a less 我不知道这样说对不对，但是一种压力较小的交易方式
stressful way to trade is you can take it off 交易压力较小的方式是，你可以在强势时脱手
into strength 强势
and just be at peace with the fact 并心平气和地接受这一事实
that you might not always sell the top 你可能不会总是在顶部卖出
but so let's say you do like a third 但比方说，你可以把三分之一
a third and a third into weakness 三分之一，三分之一进入弱势
you know I think that 我认为
that's a good approach to take 这是一个很好的方法
with selling into strength 强势卖出
so you know 所以
let's say that you sold a third of this on this first 比方说，你在第一次延期时卖出了三分之一的股票
extension I personally 我个人
only think that 我个人认为
this looks like the first extension in hindsight 事后看来，这就像是第一次延期
yeah 是的
I certainly didn't see this coming 我当然没料到会这样
whereas you know this to me I think 而我认为
is when you see this false breakout here 当你看到这个假突破时
you know I think even if you didn't get out of it 你知道，我认为即使你没有摆脱它
until the closer whatever 直到最后
I think this is a little more 我认为这是一个有点
reasonable to take some off into 我认为这是更合理的
and you know this is 你知道这是
definitely an extension that's more obvious 绝对是一个更明显的延伸
um in this 嗯，在这
this is the second or third extension 这是第二个或第三个延伸
depending on how you interpret it 取决于你如何理解
and I think this is a fairly obvious extension 我认为这是一个相当明显的延伸
and that's why I say like 所以我说
you want to be more aggressive selling that 你要更积极地推销
second extension 第二个扩展
and I think that 我认为
second extension is going to be more obvious 第二个扩展会更明显
and that you have the acceleration 而且你有加速度
you're further than the trend 你比趋势更进一步
like anyone who doesn't kind of sense this euphoria 就像任何人都不会感觉到这种兴奋一样
in a way 在某种程度上
you're probably like a little bit married to your 你可能就像嫁给了你的
to your position 你的立场
because I think this is pretty obvious 因为我觉得这很明显
whereas this is and 而这是
but yeah generally about a third or a quarter 但一般来说，三分之一或四分之一
just kind of depending on on how you choose to plant 这取决于你如何选择种植方式
great 很好
all right so zoom I wanted to look at like this is 好了，我想看看这个放大镜
this is definitely not a buy from a base 这绝对不是从基地买来的
like this is a little bit more later stage right 这是更晚一点的阶段，对吧
so this 所以这
was a later stage swing trade 是一个后期的波段交易
that ended up developing into a rising wedge 最后发展成一个上升楔形
into the top on zoom 在放大时进入顶部
so it gapped up on huge earnings 所以它在巨额收益时跳空上涨
so this is a big bull snort 所以这是一个大牛市
and then it pulled back inside bar 然后回撤到横盘内
which to me it's going to go either way right 在我看来，它可能会向两个方向发展
it's going to break down through the lows here 它会向下突破这里的低点
it's going to break up through the highs here 它会向上突破这里的高点
and it's pulling back and it's respecting the 10 day 它在回调，并且尊重10日线
so it takes this out and that's your buy area 因此，这是你的买入区域
your buyer is really 你的买方是
you know pull back to the 10 day 你知道回调到10日线
breaking out of a bowl flag 突破碗形旗
it goes up it pulls back and then right here 它上升，回调，然后在这里
to me right here is where it reconfirms 对我来说，这里就是它再次确认的地方
and you're raising your stop to this area 将止损点提高到这一区域
so your risk is managed at this point 这样你的风险就得到了控制
and then I can just tell you right here I was like 然后我可以告诉你，在这里我就像
really hoping it was gonna push out 真的希望它能冲出去
so I could get my stop up to this area 这样我就能把止损点提高到这个区域
and it kind of 结果
stalled here a little but nothing bad happened 在这里停滞了一下，但没有发生什么不好的事情
and this is kind of one of those 这是一种
situations where at the time 当时
you're pissed 你很生气
but at the end you're good with it 但最后你又觉得很好
where it gap down 缺口在哪里
stop was right here 止损点就在这里
I could easily been stopped out 我很容易就被止损了
if it failed through the 10 day 如果它在 10 天内失败
but they supported it 但他们支持它
and now even before it follows through 现在甚至在它突破之前
I'm definitely raising my stop to hear 我肯定会提高止损点
and then when we get follow through 然后当我们突破
which this could be viewed as another 这可能被视为另一个
byad area 区域
when you get followed through here 当你突破这里时
now you're raising your stop to this days low 现在你要把止损点提高到这几天的低点
this is an ignite bar 这是一个点火柱
you're raising your stop to this low 你要把止损点提高到这个低点
in this actually when I was reviewing zoom again 实际上，当我再次查看缩放时
this reminds me a lot 这让我想起了很多
almost this kind of extension here 几乎是这种延伸
of like the recent UPS t trade 就像最近的 UPS t 交易
this happened to make a third extension but 这是第三次延长
you know it just kind of reminded me of it when I was 你知道，这只是让我想起它，当我
going through this 通过这个
but 但是
so your stop is at this ignite Barlow at this point 所以你的止损点在这个点燃巴洛的点上
we pull back we come up 我们拉回来，我们上来
I'm waiting for reconformation at this point 此时我在等待重组
so I get my stop up to here 所以我把止损设在这里
it doesn't quite happen 这并没有发生
we start to show respect for the 10 day again though 不过我们又开始尊重 10 日线了
which is why we bought in the first place 这也是我们当初买入的原因
it respected here 它尊重这里
it respects here 它尊重这里
so I'm actually right here 所以我其实是对的
when we trade up 当我们向上交易时
I'm raising my stop to below the 10 day here 我把止损点提高到 10 日线以下
because that's what it's respecting 因为这就是它所尊重的
we put in a bunch of tight candles here 我们在这里放了一堆紧绷的蜡烛
I sort of view this is like a chink in the armor 我认为这就像是盔甲上的一个缺口
this is a chink in the armor 这是盔甲上的一个缺口
so we got three of those 所以我们有三个
and we're continuing to hold the 10 day 我们继续持有10日线
I'm also noticing here that 我还注意到
that we've got a developed trend line at this point 在这一点上，我们有一条发展的趋势线
so at this point 1 touch 2 touch 3 touch 所以在这一点上，1触及2触及3触及
this is an inside bar which could be a swing entry 这是一个内柱，可能是波段进场
long ignite bar 多头点火
stop up to this days low 止损至当日低点
and so you've got the 10 day defined 因此，您已经确定了 10 日线
you've got the trend line defined 趋势线已经确定
this to me is the third extension 这对我来说是第三个延伸
I can tell you that 我可以告诉你
I did take this off when we lost this spinning top low 当我们失守这个纺锤形顶部低点时，我确实把这个撤掉了
you know the other area would be a loss 你知道另一个区域将是一个损失
this trend line in the 10 day right here 10日趋势线就在这里
and then your absolute stop loss if you 然后是绝对止损，如果你
if you missed both of these areas 如果你错过了这两个区域
would be the wedge drop um 将是楔形下跌
right here um 这里
and a couple things to note here is we've got 这里有几件事需要注意
you know kind of just 你知道那种只是
you know first little shooting star 第一颗小流星
nothing crazy 没什么疯狂的
no follow through here kind of chink two 这里没有跟进，有点像第二颗流星
No. 3 here 这里是3号
no follow through here 这里没有跟进
just kind of like the chink in the armor No. 4 就像盔甲上的缝隙 4号
and then here if you 然后这里，如果你
you know someone talked about resistance lines earlier 你知道之前有人说过阻力线
I had this drawn 我画了这条
which is partially why I was able to exit on this 这也是我能退出的部分原因
you know spinning top 你知道陀螺
or I guess you could maybe call this a shooting star 或者我想你可以称它为流星
it's sort of like a spinning top to me 对我来说有点像陀螺
but it's because it failed at this resistance line 但这是因为它在阻力线处失败了
you had the wedge and if you look at the weekly 你有楔形线，如果你看周线
I didn't pick up on this extension at the time 我当时没有注意到这个延伸线
but by this point on the weekly it was 但从周线上来看
it was clear we were pretty extended 很明显，我们的走势已经相当延伸了
and in hindsight totally in hindsight 事后看来，完全是这样
I might actually have 我可能真的
you know with what I know now 以我现在所知道的
I might assorted the swedge drop moving forward 我可能会把swedge降下来
just because of all the things that I talk about here 就因为我在这里说的那些事
but that's kind of how you could have played zoom 但这也是你可以变焦的方式
and you know that's how I did play 我也是这么做的
but this is more of a later stage 但这更像是后期阶段
5 or so like out of the base breakout 5左右，比如从基地突围
and how using the rules you know reconformation 如何使用规则，你知道重组
you know utilize in the 10 day 你知道利用 10 天
I would say like a later stage area 我想说的是后期阶段
you know you want to 你知道你想
you don't have the luxury of waiting for like a 4 to 6 你不能奢望等待4到6
8 week move or so 8周左右
like when you have a stage 1 base breakout 比如当你有第一阶段的基础突破时
to see which moving average it's going to use 看它会使用哪条移动平均线
unfortunately this lets you know pretty early 不幸的是，这让你很早就知道
that it was going to respect the Ted Day 它会尊重特德日
and it was almost like amazing 这简直太神奇了
how this held the 10 day 3 它是如何保持 10 天 3
I remember sitting through this every day 我记得我每天都坐在这里
getting pretty frustrated 非常沮丧
I can tell you I was about the time stop myself on this 我可以告诉你，我是时候停止自己了
because I was thinking right here 因为我在想
it was definitely gonna lose this 它肯定会输的
and it just kind of like held the 10 day like every day 它就像每天都在坚持 10 天一样
and when you see that when you lose it 当你输掉比赛的时候
remember everybody else sees it too 记住其他人也会看到
so if we had lost this year 所以如果我们今年输了
you know you would have wanted to be a seller 你就会想成为卖家
but then even here it doesn't follow through 但即使在这里，它也没有跟进
the evidence is piling up 证据堆积如山
especially if you're seeing 尤其是当你看到
the big picture of the weekly 周线大盘
that this was probably 这可能是
look if this hadn't lost the slow and it had basin 如果它没有失去缓慢的发展，而是继续前进的话
kept going I would stay with it 我会坚持下去
but you know I would have 但你知道我会
I would have started to keep moving my 我会开始不断移动我的
moving my stops up 因为有时候
because sometimes 因为有时候
and I think because of where this was on the weekly 我想因为这在周线上的位置
it would a lead to blow off top 它会导致顶部炸开
but sometimes you can get these resistance signs in 但有时你会遇到这些阻力迹象
it'll base and it'll blow through 它的底部会被突破
and that's almost like a Bay Area 这几乎就像一个湾区
which often leads to like a blow off 这往往会导致像吹走
but that's how it happened here 但这里的情况就是这样
I'm just saying it because you know 我这么说是因为你知道