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所以,交易者一定要防止發生大虧損的交易,要果斷止損。止損是交易者最先接觸也是最先學會的一門實戰課程,它能保護交易者的本金支撐到下一關。To get more news about 外匯教學, you can visit wikifx.com official website.
順勢關
學會止損後,交易者經過一段時間的操作,卻猛然發現自己的本金還是一如既往地減少,只是減少的速度慢了很多,即止損止損,越止越損。經過分析自己的交易記錄,發現原來自己很多筆交易的方向有問題,與行情的大方向不符,所以很多交易最終都是止損平倉,這時的資金曲線表現為連續的碎步式的下跌。
輕倉關
交易者在做到了既能止損,又能順勢後,交易績效有所改善,逐漸贏多輸少,但此時,快速發財的欲望膨脹,膽子越來越大,倉位也越來越重,終於有一天出現了交易者雖然設置了止損但市場沒有給予執行的機會,於是資金大幅回撤甚至出現重大虧損,一筆輸掉了很多,這時的資金曲線表現為總體上行但偶爾再次發生斷崖式下跌。
這類似於健康的人遭遇車禍,交易中的意外總是不期而至的。交易者要認識到交易生涯中偶然性的重大負面作用,明白期望“一朝暴富”但結局卻往往是猝死。要防止這種意外發生,就不能重倉,否則一旦出現特殊情況就沒有了迴旋餘地。交易者要輕倉交易,不再急於求成。
擇時關
學會了截斷虧損讓利潤奔跑,但在輕倉操作下,賺錢的速度畢竟也慢了,於是交易者恨不得每時每刻都有交易做,恨不得每時每刻都有驚天大行情,整日東征西討,一看到所謂的“機會”出現,就一個猛子紮進去。但經過一段時間的操作後發現,資金曲線上大的回撤雖幾乎沒有,但是資金曲線近乎上下波動而無明顯增長。分析交易記錄後發現,原來自己是在行情的振盪期不斷操作,因為沒趨勢,或者說沒行情,因此縱使做得再多再好也賺不到多少,倒是自己的交易費用上升了不少。
所以做交易原來不用每天都呆在市場中,有的時候休息一下反而效果更好,交易者此時明白了張弛有道,一年中只需要抓住那幾次有限的行情即可,不必時時交易。
系統關
如果前四關過了,那麼能讓交易者快死、慢死、猝死的主要障礙業已都理清,即該吃的虧都吃過,該吸取的教訓也都吸取了,至此一個較為完善的交易理念初步形成。雖然如此,但交易者還是會不時地犯一下上面所列的錯誤,例如有的時候止損不堅決,或一再放寬止損額,有的時候靈光一閃要抄個底,有的時候一放縱自己就重倉了,有的時候幾筆虧損後急於翻本又過度交易。總是不自覺地錯了改,改了又犯,仿佛永遠無法杜絕。
因此,交易者必須把交易理念轉化為具體的操作規則,使之成為可供遵守的紀律。經歷了艱苦的嘗試,交易者終於在此基礎上構建了自己的交易系統,也意識到了一個完善的交易系統必須是初始資金、入場、止損、止盈、加減倉五位一體的系統,不可能先解決了其中的一個,再去解決其他的,所有的關節必須同時打通。
自信關
交易系統構建成功了,而且歷史數據測試很理想,交易者心想終於可以輕鬆地賺錢了。但嚴格按照信號操作後,卻碰到了連續虧五六筆的情況,極端的還有將近二十筆的虧損,交易者此時又開始懷疑自己的系統,認定系統必定有自己不知道的重要缺陷。
具有完美主義傾向和勤奮鑽研精神的人往往又會陷入到系統的修修補補中,遺憾的是這個問題並非努力就可以解決,也許要經過很長時間交易者才會明白,連輸連錯不過是壞的游程在起作用,因為交易系統並不適合當時的行情,資金管理的作用之一就是要能熬過這種行情。
重複關
經過磨練,交易者明白了虧損是交易的必然組成部分,賺錢的交易不一定是好的交易,虧錢的交易也未必就是壞的交易。重讀經典著作,才發現原來交易的奧秘前人都講過,可惜不親身經歷就難解其中真義。這個階段交易者已經可以穩定盈利了,但是交易者心中始終存有一個問題:成功是否還有其他捷徑可走呢?換句話說,雖然交易者有了自己的交易系統,但是別人的交易系統會不會更好呢?不能為了抱牢一棵樹而放棄整個森林,於是交易者又會全身心地投入到其他系統的設計和測試中來,結果不甚了了。
其實,只有經歷了很多的挫折,吸取了很多失敗的教訓,交易者才會形成自己的交易理念,而系統就是要將這個可行的理念具體化,從這一點看,所有的交易系統都有相同的特點,萬變不離其宗。因此,交易者應專心按照既有系統信號操作,不斷重複盈利模式,資金才能穩定增長。
自在關
通過上述修煉,交易者防止每個錯誤的方法都已規則化,並且每次交易都能做到嚴格執行規則,這時的資金曲線逐漸上行、斜率適當且沒有很大的回撤,交易者自身也會感覺到交易不那麼累了,雖然還在天天盯盤,但是做單數量越來越少,成功率卻越來越高。此時交易者相信自己的交易系統,也明白系統雖然有一些缺點,但是堅持下去,賺錢是必然的。這時候,交易者定力仍然不足,容易受到外界資訊的干擾,比如自己仰慕的高手的建議、有關莊家主力的報導、似是而非的基本面資訊等,交易者還會因輕信而犯錯吃虧。
這一階段交易者最重要的是修煉定力。隨著心態的不斷改善和經驗的豐富,交易者漸至耳順境界,能輕鬆辨別資訊的真偽輕重,不為外界資訊所擾。此時交易者回顧自己的交易記錄會發現,原來一年之中單子雖不多做,但錢並不少賺,長此以往,必能逐漸達到財務自由、心神自在的境界。
The prime minister and the European Unions chief official will now allow their negotiators --David Frost for the U.K. and Michel Barnier for the EU -- to resume trade talks in London, in what a U.K. spokesman described as a redoubling of efforts. They had been paused since Thursday to enable the two sides to take stock.
“Some progress has been made, but large differences remain especially on level playing field and fisheries,” von der Leyen said in a Tweet. “Our teams will continue working hard next week. We will remain in close contact in the next days.”
Both the EU and U.K. have previously indicated that Nov. 15 is the very last moment a deal can be done if it is to be ratified by their respective parliaments before the post-Brexit transition period ends on Dec. 31 and the U.K. formally leaves the European single market.
A statement from the U.K. echoed both the determination and the difficulties. Talks have been stuck for months on the key issues of the level playing field for business and access to British fishing waters.
Prime Minister @BorisJohnson and Commission President @vonderleyen spoke today about our negotiations with the EU.
My talks with @MichelBarnier will continue in London on Monday. pic.twitter.com/BfmJm7oVFD
— David Frost (@DavidGHFrost) November 7, 2020
“The Prime Minister set out that, while some progress had been made in recent discussions, significant differences remain in a number of areas, including the so-called level playing field and fish,” a U.K. government spokesperson said. Johnson and von der Leyen “agreed that their negotiating teams would continue talks in London next week, beginning on Monday, in order to redouble efforts to reach a deal,” the spokesperson said.
After 14 straight days of negotiations, the two sides offered a downbeat assessment earlier this week on the state of play, with each blaming the other for the lack of progress. The talks are stuck on three big issues: the so-called level playing field for business, access to British fishing waters and how any potential deal is enforced.
Returning to London tomorrow night. Negotiations will continue next week with @DavidGHFrost and the UK team to find an agreement that respects the interests and values of the EU and its 27 Member States. https://t.co/eDSzleyqoV
Compared to this time last year, 30-year fixed rates were down by 91 basis points.
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30-year fixed rates were also down by 216 basis points since November 2018s most recent peak of 4.94%.
Economic Data from the Week
Economic data was on the heavier side in the 1st half of the week.
Key stats included the markets preferred ISM private sector PMIs and ADP Nonfarm Employment figures for October.
It was another mixed bag on the data front.
Manufacturing sector activity saw a further pickup in October, with the ISM Manufacturing PMI rising from 53.3 to 53.4.
The all-important ISM Services PMI fell from 57.8 to 56.6, however, which was somewhat disappointing.
ADP nonfarm employment change figures also disappointed. A 365k increase in October fell well short of Septembers 749k rise and a forecasted 650k increase.
While there were plenty of stats to consider, the U.S Presidential Election was the main event of the week.
A projected Joe Biden victory and a Republican hold of the Senate drove expectations of further monetary policy easing.
Policy gridlock on Capitol Hills is expected to place the onus on the FED to deliver support for the economic recovery.
There were also concerns over how Biden will influence, particularly with Biden unlikely to deliver planned infrastructure spending to support the economy.
Weekly figures released by the Mortgage Bankers Association showed that the Market Composite Index, which is a measure of mortgage loan application volume, increased by 3.8% in the week ending 30th October. In the week prior, the index had risen by 1.7%.
The Refinance Index increased by 6% and was 88% higher than the same week a year ago. In the previous week, the index had risen by 3%.
The refinance share of mortgage activity rose from 66.7% to 68.7%. In the week prior, the share had increased from 66.1% to 66.7%.Key stats include JOLTs job openings for September, which will garner some interest as the markets monitor the labor market recovery.
Nonfarm payroll and unemployment numbers for October were relatively upbeat last Friday. The weekly jobless claims figures continued to disappoint, however.
Away from the economic calendar, the markets will also continue to monitor chatter from Capitol Hill and COVID-19 news.
New York traders started to pile into the US dollar on upbeat data and due to month-end. XAG/USD fell from a high of $26.19 and some change to a low near $25.80.
However, the bears will be looking for further dollar weakness for the time to come.
The greenback will be sensitive to the economic data coming through after the Fed's policy meeting on Wednesday where Feds Chair Jerome Powell said there was not enough evidence of “substantial further progress” toward recovery to warrant a change to its ultra-loose monetary settings.
We saw a 4.2% rebound in US consumer spending for March amid a 21.1% surge in income which resulted in a 0.4% rise in the core personal consumption expenditures (PCE) index.
This data was compared with a gain of 0.3% the previous month and as a result of the additional COVID-19 relief money from the government.
Also, the Chicago Purchasing Management Index (PMI) showed a reading for April of 72.1, the highest in almost four decades.
The week ahead includes US jobs data and the Consumer Price Index.
Considering the Fed's lower for longer, the US dollar would be expected to only react to extraordinary deviation from market expectations with respect to CPI. However, the daily resistance just below 26.00 was formed following a break of prior support on Thursday and failures at the area on a retest, the bears will be fully back in control for a break of recent lows at 25.71.
The purple and orange away-shirt drew criticism, including from Alliance MP Stephen Farry who said it bore a striking "similarity to UVF colours".Get more news about cheap Soccer shorts,you can vist futbolucl!
Linfield said the similarity was "totally coincidental and entirely unintentional".Umbro has distanced itself from the shirt design.An Umbro spokesperson said: "Kit designs are a collaborative process and this kit was based purely on guidance from the club. "We apologise unreservedly for any offence we have unintentionally been party to."Furthermore there will be no promotion of this product on any Umbro channels." Although the company said it would stop promoting the shirt, it did not mention whether manufacturing would cease. The statement added: "At Umbro we believe in the unifying and democratic power of football. This is why we are opposed to all forms of discrimination, discriminatory behaviour and violence."This may well be purely coincidental and unintentional, but I do think a rethink would be appropriate," he tweeted.
"The similarity to UVF colours is too striking. Many other colours and designs are available. Why leave any ambiguity and risk offence to so many?"The comments provoked a critical response from Linfield's chairman Roy McGivern. "Is this where we are as a society when an elected MP thinks that ordinary every day colours can be owned or monopolised by a paramilitary organisation?" he tweeted.The chairman described Mr Farry's remarks as "truly staggering" and assured him "there will be no rethink". SDLP MLA Justin McNulty said if it was "just a genuine oversight, they should change the colours".However, DUP MLA William Humphrey, who is a Linfield fan, defended the club.
In a statement on Friday, Linfield said: "For the avoidance of all doubt, the design is of a football kit for a football club and any similarity/likeness/resemblance with any other design used by any other entity is totally coincidental and entirely unintentional."Any allegation or inference to the contrary is robustly and vigorously rejected by this club which prides itself on being inclusive, open to all and representative of all." There has been no response yet from Linfield to the Umbro statement, but a club source indicated the club's current deal with Umbro is due to come an end next year and they are already talking to a number of companies about their options.
Leaked images on football kit news site Footy Headlines have revealed a controversial new logo alignment that has sparked huge debate among fans.Get more news about soccer training suit,you can vist futbolucl!
The new style has already been badly received following the unveiling of Puma’s new international kits, ahead of Euro 2020, and these leaked AC Milan third kit images suggest a similar template will be used for some of Europe’s top clubs like Manchester City and Borussia Dortmund. It is expected the new style will only feature on Puma clubs' away and 3rd kits. A centrally aligned club crest and Puma logo is separated by a dividing line, beneath which sits the name of the club, and then their sponsor's logo.
It makes for a very cluttered, unusual style that looks more akin to a training kit than match day kit.Puma’s marketing notes for their new international designs reason that the new logo alignment puts forward the notion that the ‘jersey (and not the federation badge) symbolises the national pride and identity of each nation’. A recent kit survey published by Chronicle Live revealed that just 3.2% of Newcastle fans would have Puma design the club’s kit if they had the choice.It’s a badly kept secret that premium sportswear brand Castore, who have only been in operation for five years, will takeover from Puma in the close season. Reacting to the Puma kit leak, Newcastle fans were pretty unanimous in their opinion that a change from Puma was a good thing:
Starting at the outside, Shimano XT rims are constructed from aluminum with a 30mm internal width. While these XT wheels sit second-to-the-top of Shimano’s mountain bike wheel line, only their highest-level, XTR-branded wheels get carbon hoops. The XT rims come taped and ready to roll tubeless, and Shimano recommends pairing with 2.25- to 2.6-inch-wide tires.
Both the front and rear wheel feature 28 asymmetrically-drilled spoke holes, and Shimano uses the same 2-cross lacing pattern on the left and right sides of each wheel. My test set uses the same J-bend, round (non-bladed) 2.0-1.8-2.0 double butted spokes front and rear, which should make finding and replacing them pretty straightforward down the line.
The front hub is fairly standard, with a 15mm diameter thru axle, 110mm spacing, and Center Lock rotor mounts.
A Micro Spline driver in the rear is compatible with all of Shimano’s latest 12-speed drivetrains, and it’s designed to fit the tiny 10T cog that lets riders go fast. The 148mm Boost-spaced hub only offers 7° of engagement, though prospective buyers might be willing to overlook that slower engagement considering the pair of wheels is priced under $500.Although Micro Spline may be new for many riders, the good news is the cassette tool you already have will probably work with your Shimano 12-speed cassette lock ring. It’s easy to line cogs up and slide them in place with the wide key gap on the driver body.
I tested a couple different tubeless tires with these rims and all went on smoothly and easily. The included tubeless valve stems fit tightly and aren’t the flimsy type that threaten to bend or break every time you fiddle with the pressure.
The Micro Spline freehub does essentially tie buyers into the Shimano universe when it comes to drivetrain options. Of course, it’s not a supermax prison, as adapters and workarounds are available, but switching brands will involve a bit of extra work and potential expense when it’s time to upgrade.In fitting with the XT designation, Shimano positions the M8120 as a wheelset for trail bikes, so I mounted mine to an Orange P7 29er hardtail trail bike. Hardtails work great for testing wheels since the feedback is much more direct compared to a full suspension bike. The tires I tested with these wheels ranged from 2.4 to 2.6″ wide.
Pedaling out of the gate, the Shimano XT wheels feel stiff and responsive. There’s little noticeable flex in any direction, whether mashing pedals hard or braking into a turn. While the aluminum rims add a bit of rotational weight over the carbon hoops I had mounted on this bike previously, their ability to accelerate isn’t noticeably lacking thanks to the overall stiffness from the rim through the spokes. Put another way, while on paper it probably takes a bit more energy to get the wheels rolling, drivetrain power seems to be transferred more quickly and efficiently thanks to the overall stiffness of the system.
You can listen to the interview with Travis in this week's Pinkbike Podcast, as well as our commentary on what it could mean for the industry. But we figured this deserved its own transcription as well, for the people who don't want to listen to an hour of banter.
If you followed cross country racing in the '90s and the 2000s, you've probably heard of Travis Brown. He was a regular on the World Cup circuit, before turning his attention to product development with Trek in the mid-2000s. These days he's the field test manager, running an entire crew of riders who are working on products that we're going to see in the future.
Travis Brown: Yeah, I don't know what bird got out of the cage, but we have been messing around with some unusual wheel sizes. It has always been interesting from the 26, 29 comparison and mixed wheel platforms in 27.5, those kinds of things influence the character of a bike so much. So yeah, we're still messing with that.
Travis Brown: When I moved into the R&D department, we still had the Trek brand and the Fisher brand independently. The Fisher brand was our 29 inch wheel platform brand and we honestly struggled with that wheel platform under that brand for nearly 10 years before the rest of the biking world decided, "Yeah, that's probably pretty good for some applications. We should try it."
Ironically for the Fisher brand and as it got absorbed into Trek as like the Gary Fisher line in Trek, was right around the time where it didn't seem like the European market was going to ever adopt the 29 inch wheel. And then almost overnight, there were a couple German mags that did some field tests and said, "Hey, this works really good." And the next year 29 inch wheel bikes in Europe were huge. So, I don't know how you predict that kind of thing.Travis Brown: Well, we've done a little experiment. We've continued to experiment with mixed wheel platforms, not with the idea that we're going to go to production with it, but because it gives us a really good understanding of the independent roles of the front and the rear wheel. We've been also messing with diameters larger than 29 to see if there's efficacy and where that space might land and what the advantages and what the liability are.
Lightweight wheels keep rotating weight down by having a shallow rim profile and low spoke count. As well as reducing overall weight, a fringe benefit of this is comfort. Deeper wheels are fast but the ride quality is often described as 'harsh', conversely lightweight wheels often provide good levels of compliance. Quality lightweight wheelsets will typically be below 1,400 grams, some extremely lightweight wheelsets coming in under 1,000grams for the pair!
Aerodynamic wheels aim to be as fast as possible by reducing drag. Aerodynamic wheels are typically greater than 40mm deep at the rim and are becoming wider as well. This speed does come at a cost with deep-section wheels more susceptible to crosswinds which can make them difficult to handle, and the extra material does add weight.
Wheelsets not so focused on performance commonly have features which make them more appropriate for everyday use or general training. The braking surface is aluminium providing better performance in all weather conditions when compared to carbon fiber, higher spoke counts are used to aid strength, and rim width is wider to cater for larger tires. As a result of these features, weight increases with quality wheelsets typically ranging from 1,500 - 1,800 grams.
Wheelsets designed for loaded touring or to withstand regular use under heavier riders (120kg +) are typically hand built with higher spoke counts of 32 or even 36 spokes. With the extra strength, wheels in this form typically weigh in excess of 1,900 grams.Most entry to intermediate level wheels will feature aluminium rims of varying quality, while high level wheels will typically feature rims made of carbon fiber which reduces the weight while increasing stiffness.
Aluminium as a rim material provides better braking performance than carbon fiber, which tends to perform poorly in the wet and on long descents as heat builds up under braking. Based on this, some brands offer an aluminium braking surfaces fitted to a carbon fiber rim. It’s worth noting however that these designs are typically heavier than a single-material rim.
Precision metal stamping is an industrial process that uses machinery fitted with dies to transform flat sheet metal in either blank or coil form into different custom shapes. Besides stamping, these metal presses can also perform a wide range of processes such as punching, tooling, notching, bending, embossing, flanging, coining, and much more.To get more news about deep draw metal stamping, you can visit tenral.com official website.
Precision metal stamping is widely used for the production of a large variety of products. It can be executed as a single-stage operation— where each stroke of the metal press produces the desired shape on the sheet metal— or in a series of stages. The growing demand for precision metal parts in various industries— from medical to automotive to aerospace— has pushed precision metal stamping to the forefront of manufacturing today. This is because it offers a high degree of design flexibility for defining and implementing minute features with tight tolerances and unique configurations. Furthermore, custom applications are extremely well served by the adaptability of precision metal stamping, with tooling tailored to the exact requirements of each application. In all, this makes precision metal stamping an ideal solution for the high-volume production of complex products, thanks to its flexibility, speed and cost-effectiveness.