Scalping刷票是基本功

Scalping刷票是基本功

Scalping刷票是基本功

Definition: The term ud for a day trade method where trades are opened and clo within a very

short time scale, perhaps anything from a cond or two to a few minutes.

定義：用于日內短期交易，平倉開倉在很短的時間內完成（一兩秒到幾分鐘）

One who employs this methodology is referred to as a scalper.

受雇于這種的方式的人就叫做刷單員

Frequency

頻率

Scalpers tend to make veral, perhaps hundreds of trades a day, accruing a number of small profits

into a respectable daily total. Loss per trade tend to be minimal, from scratch to a few ticks

at most. A scalp trade would certainly never be held overnight.

刷單員往往在一個交易日做些，也許數單，累積了一些小的利潤為每日凈利潤。每筆交易的損失往往是最

小的，從小單做到幾手最多。每個頭寸是絕不會拿過夜的。

Requirements：

rice spreads and commissions must be as low as possible in order to reduce the cost of doing

business to a realistic proportion of turnover. Data provision and execution must be fast Adequate

liquidity A sufficiently large capital ba in order to make the small targets and time spent

monetarily worthwhile. Scalping is sometimes referred to as 'the quick and the dead', as it takes

a lot of mental discipline, inten focus and quick reactions to be able to scalp successfully

and most people would agree that it is not for the novice trader.

價差和傭金必須盡可能低的水平，按實際的比例以降低成本，在流動資金相當大的資本基礎數據提供和執

行必須足夠快，以使小目標和花費的時間金錢是值得的。刷單有時也稱為'快速、死亡' ，因為它需要很大

的精神紀律，緊張的注意力和快速的反應，以便能夠刷單成功。大多數人都知道，這不是新手能輕易做到

的。

Scalping Strategies Some scalpers work around the bid/offer, buying on the bid and lling on

the offer to pocket the spread, or perhaps a tick or two more. This is perhaps the "purest" form.

刷單策略：一些刷單操作員圍繞買入價/賣出價操作，賣價買和買價上賣去掙取差價，可以一手或幾手。這

就是刷單的“純粹”形式。

Slightly longer term scalp trades (there's an oxymoron!) are generally taken from three different

trading patterns:

稍微長一點的刷單交易（有一個矛盾！

）一般采取從三個不同的交易模式：

Breakouts from consolidation

突破

Bounces off support and resistance

反彈支撐和阻力

Retracements in a trend. Retracement scalps may be taken with the trend following a pullback,

or, if the trader is sharp and brave, countertrend during the pullback.

在趨勢中的回調。回調刷單可在趨勢后的回調采用，或者，如果交易員夠敏銳和勇敢，可以在回落中反趨

勢而為。

What ts a scalper apart from other traders is that the profit target is likely to be small.

While a longer term breakout trader might wait for the breakout to turn into a trend, the scalper

will generally be happy to pocket a few points during the frenetic trading activity as the breakout

occurs. (S)he may well trade in large size with an eye on the order flow in order to spot the

optimum time to enter and exit.

盈利的目標很可能很小是一個刷單員有別于其他交易員區別。雖然較長期的突破交易員可能等待突破變成

趨勢，刷單員通常會很樂意在猛烈突破行情的時候小掙幾筆。他很可能交易的量很大并著眼于盤口數據，

以實現的最佳時機進入和退出。

Some traders will scale out most of their position for a scalp but leave some on, in order to

capitali on further price movement, should it appear. Different market conditions often require

different approaches so scalping can be a tool in the trader's box as oppod to the method always

ud.

一些交易員會平掉大部分倉位，但會留下一些，以便進一步利用價格波動，如果出現。不同的市場條件往

往需要不同的方法，所以刷單是交易員盒子里的一個工具交易，而不是經常使用的方法。

In most cas, and certainly for the shortest term of scalps, traders will require some knowledge

of the order book, coupled with time and sales and possibly also Level II. Some scalpers work

principally off the order book, reading the tape rather than making purely chart-bad entries

and exits.

在大多數情況下，當然也為最短的刷單，交易員們將需要一些盤口知識，加上時間、買賣及LEVEL 2。一

些刷單員的工作主要是從盤口，看盤口而不是純粹的以圖表為基礎進行進和出。

Advantages

Very effective u of capital with minimal risk per trade.

High percentage win rate.

Suitable for the impatient trader who is prepared to devote a lot of time and continuous focus

to the market.

Event risk is small as the scalper will usually be almost certain of a fill at the chon exit

point even if conditions suddenly change.

Knowledge of fundamental analysis not required, although scalpers should be aware of news and/or

earnings releas。

優點：

以最小的風險非常有效地利用資本進行每筆交易。

獲勝概率高。

適合沒有耐心愿意花大量的時間并持續關注的市場的交易員。

即使條件突然改變，交易員通常幾乎可以肯定的事先選擇好出場點，因為操作風險小。

知識經濟的基本分析并不需要，但交易員應該知道的新聞和（或）收益情況的更新。

Disadvantages

Inten, draining and demands a lot of screen time. Accurate timing is vital.

Trading platform, data provision and connection the the exchange often expensive.

Danger of "death by a thousand cuts" to the inexperienced.

Higher cost per unit of profit than longer term strategies.

Requires complex knowledge of market structure and order flow.

Can be stressful

Not suitable for spread betting。

缺點

激烈，快速，并要求長時間的盯盤。準確的時間是至關重要的。

交易平臺，提供數據和連接的交流往往昂貴。

對沒經驗的是很危險的（沒看懂）。

交易成本要比長期戰略高。

需要市場結構和秩序的流動等復雜的知識。

可以承受壓力

不適合賭單。

Scalping: Small Quick Profits Can Add Up

by Vadym Graifer

Scalping is a trading style specializing in taking profits on small price changes, generally soon

after a trade has been entered and has become profitable. It requires a trader to have a strict

exit strategy becau one large loss could eliminate the many small gains that the trader has

worked to obtain. Having the right tools such as a live feed, a direct-access broker and the stamina

to place many trades is required for this strategy to be successful.

刷單是一種專門在小價格變化獲利的交易，一般在入場后不久就已經有利潤。它要求交易員有嚴格的退出

戰略，因為一個大的損失可以消除許多小的成果交易已獲得。也要有正確的工具，如實時數據，與券商的

直接通道和足夠多的交易員也是這一戰略成功的關鍵。

Scalping is bad on an assumption that most stocks will complete the first stage of a movement

(a stock will move in the desired direction for a brief time but where it goes from there is

uncertain); some of the stocks will cea to advance and others will continue. A scalper intends

to take as many small profits as possible, not allowing them to evaporate. Such an approach is

the opposite of the "let your profits run" mindt, which attempts to optimize positive trading

results by increasing the size of winning trades while letting others rever. Scalping achieves

results by increasing the number of winners and sacrificing the size of the wins. It's not uncommon

for a trader of a longer time frame to achieve positive results by winning only half or even less

of his or her trades - it's just that the wins are much bigger than the loss. A successful scalper,

however, will have a much higher ratio of winning trades versus losing ones while keeping profits

roughly equal or slightly bigger than loss.

刷單是基于一個假設，即大多數股票將完成第一階段的運動（股票將在希望的方向進行了短暫的時間，但

從哪里開始是不確定的） ;一些股票將不再前進而其他將繼續下去。一個刷單交易員會盡可能的采取許多

小的利潤，而不是讓他們消失。這種做法“讓你的利潤不斷加速擴大”的心態相反，企圖以優化的積極成

果交易，增加獲利交易的規模，減少虧損的規模。刷單取得的成果，增加獲利單的數量和犧牲大的獲利空

間。交易員較長的時間內取得積極成果且獲得只有一半或甚至更少的交易是很平常的-它只是說，勝則遠遠

大于損失。一個成功的刷單員，但將有高勝率的獲利單比率，同時保持利潤大致相等或略大于損失。

The main premis of scalping are:

Lesned exposure limits risk - A brief exposure to the market diminishes the probability of

running into an adver event.

Smaller moves are easier to obtain - A bigger imbalance of supply and demand is needed to warrant

bigger price changes. It is easier for a stock to make a 10 cent move than it is to make a $1

move.

Smaller moves are more frequent than larger ones - Even during relatively quiet markets there

are many small movements that a scalper can exploit.

Scalping can be adopted as a primary or supplementary style of trading.

刷單的主要紀律是：

減少接觸限值的風險-以簡短的接觸減少市場運行到不良事件的概率。

小波動更容易獲利-不平衡的供應和需求是需要更大的價格變動來保證。對于一支股票來講價格變動10美

分是比變動1美元要容易得多。

小波動遠多于較大的-即使在相對平靜的市場，一個刷單員也可以利用這之間的很多小波動

刷單可以作為一個主要的或補充的交易風格。

Primary Style

A pure scalper will make a number of trades a day, between five and 10 to hundreds. A scalper

will mostly utilize one-minute charts since the time frame is small and he or she needs to e

the tups as they shape up as clo to real time as possible. Quote systems Nasdaq Level II,

TotalView and/or Times and Sales are esntial tools for this type of trading. Automatic instant

execution of orders is crucial to a scalper, so a direct-access broker is the favored weapon of

choice.

專業的刷單員在一個交易日會交易很多次，5次，10次乃至數百次。刷單員將主要利用一分鐘的圖表，因

為時間周期短且他（她）需要看到設置它們形狀為接近實時的。納斯達克報價系統LEVEL 2， TotalView

和TIMES AND SALES是這種交易類型必不可少的工具。對于刷單員，即時自動執行的命令是至關重要的，

所以直接成為經紀商青睞的首選武器。

Supplementary Style

Traders of other time frames can u scalping as a supplementary approach in veral ways. The

most obvious way is to u it when the market is choppy or locked in a narrow range. When there

are no trends in a longer time frame, going to a shorter time frame can reveal visible and

exploitable trends, which can lead a trader to scalp.

交易員在其他時間內可以利用刷單作為一種補充辦法，有幾個方面。最明顯的辦法是使用它時，市場波動

局限在一個狹窄的范圍內。當在較長時間周期里沒有任何的趨勢時，在較短的時間周期里可以發現震動和

可利用的趨勢，從而指引交易員刷單