First talk about what is the right side of the deal, I get the mouse to draw a diagram to explain, not too rough, they get on the line.
This chart understand it, is to advance the transaction before the minimum value appears left, right after the transaction is the lowest value appears lag. At first I take it for granted that the left side of the transaction is king, then I think the right side of the transaction are more certainty to make money, but with the increase of trading experience, and now I think everyone's character is not the same for the way to go also vary, barely not come.
So of you reading turtles that book, do not read the classics with a sense of worship, or after long-term losses to seize back the feeling of this straw inside the set of trading systems around the world many people know but not necessarily know that these people can make money, to study focuses on the importance of the right side of the transaction and the transaction spiritual discipline of understanding.
Even so, if you feel that from the outset the book talking about, and I say, let you listen very hard to accept, not accept, then put it all when ass, and then continue to the left side of the transaction cheerful, As long as you can make money how do all right.
● Content Turtle Trading Rules
First, to explain, because the overwhelming majority of fans in the A-share investors, so I will try to explain when speaking part have operational meaning of the A-share talk, not to mention such a short reverse.
Turtles when trading?
There are two trading strategies.
Midline strategy intraday price break 20, the highest price to buy, sell below the 10-Day Low;
Long-term strategy is to break the 55-day intraday stock price highest price to buy, sell below the 20 lowest.
In addition there is a shield, when the 55-day line below the 300 day line, giving a buy signal even if not to buy.
Middle and long-term strategies have advantages and disadvantages, choose which one depends on your specific preferences transaction frequency.
Note that in addition to selling strategies above that fell below 10/20 daily low, there is a complementary stop conditions are relatively complex, involving ATR and computation of N, after roughly meaning a single Jiancang loss account 2% of the funds on the flesh.
If you just want a simple understanding of Turtle Trading Rules, above those on the same subject, is not that simple? Complete rules turtles complicated than this much, it comes to a very sophisticated seat inventory control, here I say fine point, if you have the patience to best take the time to read, to learn more no harm.
● Why Turtle Trading difficult
I do not know what the reasons are, most traders are natural lovers of the left, including me. I have carefully pondering, concluded that the left side of the transaction more easy to give in to buy and sell to make a moment to grasp the future pleasure, although coming from not control.
正是因为大多数人天生就喜欢左侧，所以从本能上就会抵触类似于海龟这种很明显的右侧交易。根据海龟的规则，突破20天的最高价买入，你买的成本比最近20天所有人的成本都高，心里有点不痛快是难免的。
其次就是海龟交易的正确率很低，按照书里作者说的大概是35-40%，之所以能赚钱，是因为对的时候往往赚很多，而错的时候很快就卖了。这个特征我一点也不奇怪，因为所有的右侧交易都这样。
右侧交易的特点就是这样，往往一次大趋势能赚到你花枝乱颤，但这样的一次大交易可能1年才1次，甚至2-3年才出现一次，而在那之前要忍受连续的小幅亏损，资金最大回撤有可能超过30%，交易体验很不好，长期挫折会让你的脑海里闪现各种动摇的念头，能坚定执行下去的人可能十中无一。
原先我虽然知道结果，但一直不明白右侧趋势交易为什么成功率那么低，有意思的是我在海龟这本书里找到了答案。。。
-------------------------
拓展阅读：
