7月第18天
昨日阅读5小时，累计阅读352小时
1.今天你阅读到的有价值的全文内容链接
推荐：高盛前台交易部门内部培训教材----技术分析（technical analysis）
April 2016 10B，有点小贵。
https://bbs.pinggu.org/thread-5749425-1-1.html
2.今天你阅读到的有价值的内容段落摘录
今天开始读：《Definitive Guide to Position Sizing》: Perface
Preface
Perhaps the greatest secret to top trading and investing success is appropriate money management or what we now call position sizing. I call it a “secret” because few people seem to understand it, including people who’ve written books on the topic. Some people call it risk control; others call it diversification. Money managers call it managing other people’s money and still others call it how to “wisely” invest or spend your money. However, the money management that is the key to top trading and investing simply refers to the algorithm that tells you “how much” with respect to any particular position in the market. And because the topic of money management is so confliction, I’ve elected to call it position sizing throughout this book.
I’ve written this book to give you an overall understanding of the topic and show you various models of position sizing. Enjoy the journey; it’s potentially the most profitable journey you will ever take as a trader. The material is quite complex, despite my attempt to make it simple. However, you’ll find it well worth your while to go through all the examples until you have mastered it.
One of the fundamental concepts that you will learn in this book is that position sizing is the key to meeting your objectives as a trader. Most people assume that there is just one objective to trading –their own----and thus their view is biased by their objective. As a result, they never realize that the purpose of position sizing is to meet your objectives.
The purpose of position sizing is to meet your objectives.
There are many other key concepts that stem from this primary one.
There are probably an infinite number of objectives that you could have and thus, an infinite number of ways for you to use position sizing.
It is important for you to define your objectives before you develop a system and before you develop your position sizing routine.
Although your system has very little to de with meeting your objectives, we have developed a method to quantify the quality of your system, which we call the System Quality NumberSM or SQNSM for short.
We've discovered that the higher your System Quality NumberSM, the easier it is to use position sizing to meet your objectives.
You might even think of position sizing as a separate system, overlaid upon your primary system, which is designed to meet your objectives.
These key ideas are the foundation that you need to understand to make position sizing useful to you.
These key ideas are the foundation that you need to understand to make position sizing useful to you.
This book is one of the most important books you could ever read if you want to be a professional investor or trader. The material in this book provides the foundation for everything you do as a trader or investor. Only your personal Psychological work is more important because you are the source of your trading success. In fact, there are many psychological biases that keep people from practicing sound position sizing. In addition, there are also practical considerations, such as not understanding position sizing or not having sufficient funds to practice sound position sizing.
The higher your System Quality NumberSM, the easier it is to use position sizing to meet your objectives.
Let’s look at the facts. The entry price to being an investor or trader is fairly low. All you have to de is have enough money to open an account. Your brokerage company doesn’t care whether you understand expectancy. Your brokerage company doesn’t care whether or not you understand that position sizing is the key to meeting your objectives. And your brokerage company certainly doesn’t care that you must have your personal psychology together in order for any of this to matter. They simply don’t care.
Your brokerage company cares about three things: 1)that you have enough money to open an account, 2)that you don’t do things that might cause you to lose many times the value of your account so that you get your broker int trouble ,and 3)that you generate a lot of commissions through your trading. That’s it. You can make every mistake described in this book and it’s still okay with your brokerage for you to open an account.
……
3.今天你阅读到的有价值信息的自我思考点评感想
在论坛里没有找到这本书的新版，只找到了2008版。上某网查到正版需要二百多刀，实在是太贵了：先看好这本赚钱再来买正版吧。
不读这本书，读十遍《通向财务自由之路》也无法成为超级交易员：“if you want to safely master the art of trading or investing,you must thoroughly understand all of the material in this book.” Must Thoroughly Understand All!
这是一个决心，也是为自己的目标负责任的第一步。今天开始了！
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