來自華爾街的經(jīng)典語錄A
dmctrader | 更新時(shí)間:2010-11-06 21:11:11 | 點(diǎn)擊數(shù):9
1. Plan your trades and trade your plans.
為你的交易做好計(jì)劃；按你的計(jì)劃執(zhí)行交易。
2. Hope and fear are the two greatest enemies of speculators.
期冀和恐懼是投機(jī)者兩個(gè)最大的敵人。
3. Keep records of your trading results.
對(duì)你的交易結(jié)果做好紀(jì)錄。
4. Maintain a positive attitude no matter how much you lose.
不管你輸了多少，保持一個(gè)積極的態(tài)度。
5. Avoid overconfidence——it could be your greatest enemy.
不要過分自信——它會(huì)成為你最大的仇敵。
6. Continually set higher trading goals.
不斷設(shè)定更高的交易目標(biāo)。
7. Stops are the key to success for many traders——limit your losses!
設(shè)定止損是很多交易者成功的關(guān)鍵——限制你的虧損！
8. The most successful traders are those that trade long term.
最成功的交易商是做長(zhǎng)線交易的交易商。
9. Successful traders buy into bad news ＆ sell into good news.
成功的交易者在壞消息時(shí)買，在好消息時(shí)賣。
10. The successful trader is not afraid to buy high ＆ sell low.
成功的交易者不怕在高位時(shí)買進(jìn)，在低位時(shí)賣出。
11. Successful traders have a well scheduled planned time for studying the markets.
成功的交易者有效地規(guī)劃時(shí)間來進(jìn)行市場(chǎng)研究。
12. Successful traders set profit objectives for each trade they enter.
成功的交易者為他們所做的每一筆交易都設(shè)定有贏利目標(biāo)。
13. Do not collect the opinions of others before entering trades——facts are priceless——opinions are worthless. In short successful traders isolate themselves from the opinions of others.
不要在還沒進(jìn)入交易以前就到處徵求意見——事實(shí)價(jià)值無窮、意見一文不值。簡(jiǎn)單地說，成功的交易者不為別人的意見所左右。
14. Continually strive for patience, perseverance, determination, and rational action.
不斷地為耐心、毅力、決斷和理性的行為作努力。
15. Never ** out of the market just because you have lost patience or ** into the market because you are anxious from waiting.
決不要因?yàn)槭ツ托亩顺鍪袌?chǎng)，也決不要因?yàn)槠炔患按M(jìn)入市場(chǎng)。
16. Avoid **ting in or out of the market too often.
進(jìn)出市場(chǎng)不要過於頻繁。
17. The most profitable trading tool is simply following the trend.
最佳的贏利方法就是跟隨趨勢(shì)。
18. Never change your position in the market without a good reason. When you make a trade, let it be for some good reason or according to a definite plan; then do not ** out without a definite indication of a change in trend.
除非有充分的理由，不要改變你在市場(chǎng)裡的頭寸。每做一手交易時(shí)，你都要有可以依據(jù)的理由或者明確的計(jì)劃；此後，除非有明確的趨勢(shì)改變的跡象，不要退出。
19. Losses make the speculator studious——not profits. Take advantage of every loss to improve your knowledge of market action.
賠錢不能贏利，但能使投機(jī)者細(xì)心鑽研。抓住每一次賠錢的機(jī)會(huì)，改進(jìn)你對(duì)市場(chǎng)行為的瞭解。
20. The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the success equation.
在投機(jī)裡最難的任務(wù)不是預(yù)測(cè)，而是自我控制。成功的交易是艱難和令人煩惱的交易誄曬Φ牡仁窖e，你是最重要的因素。
21. The basic substance of price change is human emotion. Panic, fear, greed, insecurity, anxiety, stress, and uncertainty are the primary sources of short-term price change.
價(jià)格變化的基本要素是人的情感?；艁y、恐懼、貪婪、不安全感、擔(dān)心、壓力和猶豫不定，這些是短期價(jià)格變動(dòng)的主要根源。
22. Bullish consensus is typically at its high when the market is at a top. Also there are few bulls at major bottoms.
典型地說，當(dāng)市場(chǎng)在頂部時(shí)，異口同聲地看多的人最多；在重大的底部時(shí)，很少有人持牛市的觀點(diǎn)。
23. Watch the spreads i.e., don't be bullish if inverses are narrowing.
注意多空套做。也就是說，如果逆差在減小，不要看多。
24. Remember that a bear market will give up in one month what a bull market has taken 3 months to build.
記住，一個(gè)月的熊市能讓你失去在三個(gè)月的牛市中所得到的。
25. Identify "the dominant factor" in each commodity. Be prepared to redefine this factor as conditions change.
找到每一種商品期貨裡的"決定性因素"。隨著情況的變化，隨時(shí)準(zhǔn)備重新判定著一因素。
26. Expand your sources for market info but limit your sources for market opinion.
擴(kuò)充你的市場(chǎng)信息 來源；限制你的市場(chǎng)意見來源。
27. Don't ever allow a big winning trade to turn into a loser. Stop yourself out if market moves against you 20％ from your peak profit point.
永遠(yuǎn)不要讓一場(chǎng)大贏的交易轉(zhuǎn)變?yōu)檩敿摇Ｈ绻袌?chǎng)使你的贏利從最高處下滑了20％，止損出市。
28. It is never possible to know everything about anything. A commodity trader is in constant danger.
沒有人能夠做到萬事皆知。從事期貨交易總要面臨危險(xiǎn)。
29. Successful trading requires four things. Knowledge, disciplined courage, money, and the energy to merge the first 3 properly.
交易要具備四大要素才能成功：知識(shí)、控制得當(dāng)?shù)挠職?、金錢以及將這三者妥善結(jié)合在一起的精力。
30. Expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.
預(yù)見到會(huì)有虧損，雍容大度地接受虧損。那些對(duì)虧損苦思冥想的人總是失去下一個(gè)機(jī)會(huì)，而下一個(gè)機(jī)會(huì)很可能是個(gè)贏利的機(jī)會(huì)。
31. The one essential ingredient to making money with money and keeping it is having an organized effort.
用錢來掙錢以及保住錢的一個(gè)根本要素是做事要有板有眼。
32. Unless you progress, you go backwards. Once you complete a trading goal it is crucial that you immediately set a new goal.
不進(jìn)則退。要緊的是一旦實(shí)現(xiàn)了一個(gè)交易目標(biāo)，你應(yīng)該立刻設(shè)定一個(gè)新的目標(biāo)。
33. The art of concentration can help you become a great trader. In other words, set aside time to think, plan, meditate, investigate, research, analyze, evaluate and select your trades carefully.
孭鬧輪鏡乃囆g(shù)能夠幫助你成為一個(gè)傑出的交易者簿褪欽f，安排出時(shí)間來仔細(xì)地思考、計(jì)劃、琢磨、調(diào)查、研究、分析、衡量和選擇你的交易。
34. Split yo profits right down the middle and never risk more than 50％ of them again in the market.
把你的盈利一分為二，決不拿其中的百分之五十以上再到市場(chǎng)上去冒險(xiǎn)。
35. The key to successful trading is in knowing yourself and in knowing your stress point.
成功交易的關(guān)鍵是瞭解你自己以及知道你自己對(duì)壓力的承受能力。
36. The real difference between winners and losers is not so much native ability as it is discipline exercised in avoiding mistakes.
成功者和失敗者之間的真正區(qū)別，與其說是天生的能力，還不如說是在避免錯(cuò)誤中表現(xiàn)的有素的訓(xùn)練。
37. The greatest risk for a commodity trader is to rely on hope alone. Never substitute hope for facts. The greatest loss is loss of self-confidence.
期貨交易商的最大的錯(cuò)誤就是把一切都寄托在希望上。永遠(yuǎn)不要用希望來取代事實(shí)。自信心的失落是最大的虧損。
38. You cannot perform very well for very long with your shoes nailed to the floor. In trading as in fencing there are the quick and the dead.
你不可能在原地不動(dòng)而持久地表現(xiàn)出色。交易就像擊劍，不是快速邉櫻褪巧頂ο隆?/span>
39. Remember Mark Twain: "only 10％ of the people think. 10％ think they think. The other 80％ would rather die than think."
記住馬克·土溫說的："只有百分之十的人思考，百分之十的人認(rèn)為他們思考，其餘百分之八十的人寧死也不願(yuàn)思考。"
40. The man who goes to the top as a commodity trader does not do as he pleases. He has trained himself to choose correctly between the two freedoms: the freedom to do as he pleases, and the freedom to do what he must do.
期貨交易高手做事不是隨心所欲。他把自己訓(xùn)練得知道怎樣在兩種自由中作正確的選擇：隨心所欲的自由和非做不可的自由。
41. Since there is always the possibility of surprise in thin, dead markets, less capital should be risked there than in markets which are broad and moving.
因?yàn)樵谡〉?、停滯的市?chǎng)裡總有出乎意料的可能，在這樣的市場(chǎng)裡應(yīng)該比在寬廣的、邉?chuàng)砟市場(chǎng)裡投入較少的資本來承擔(dān)風(fēng)險(xiǎn)。
42. Limit the risk in any one trade to a maximum of 10％ and the risk in all open trades to a maximum of 25％ of trading capital. (risk = pct of available capital). Determine this each day, adding profits and subtracting losses in open trades, and combine this net figure with your trading capital.
將你每一手交易的風(fēng)險(xiǎn)控制在百分之十以內(nèi)。將你所有持倉(cāng)的交易的總風(fēng)險(xiǎn)控制在最多不超過交易資本的百分之二十五（風(fēng)險(xiǎn)=可用資本的百分比）。每天對(duì)此加以計(jì)算，在持倉(cāng)交易中加上盈利，減去虧損，再把這一數(shù)字同你的交易資本結(jié)合起來。
43. It does not take much capital to trade a market if one has knowledge and understanding. St. Paul said, "when I am weak I am strong."
如果你懂得和理解一個(gè)市場(chǎng)，做交易並不需要很多資本。聖保爾說過，"我在軟弱時(shí)則強(qiáng)壯"。
44. Speech may be silver but "Silence is Golden". Traders with the golden touch do not talk.
言談可能是銀子，可"沉默是金子"。有點(diǎn)金術(shù)的交易商稀於言談。
45. Common trading errors include: A) trading without good reasons. B) trading on hope rather than facts. C) overloading without regard for capital.
常見的交易錯(cuò)誤包括：A、理由不充分的交易；B、基於希望多於事實(shí)的交易；C、與資本不相稱的超量交易。
46. "I like the short side of the market because there is usually less company". The mob is usually wrong. It is usually long.
"我喜歡市場(chǎng)看空的一邊，因?yàn)橥ǔ＿@裡人要少一些"。蜂擁之眾通常是錯(cuò)的，它通常是看多。
47. A fatal mistake made by the fundamental trader is to take small profits. This is the result of limited vision ??? extremes always seem silly to men of so called good judgment.
初學(xué)交易的人的一個(gè)致命的錯(cuò)誤是稍有贏利就出手。這是目光短湹慕Y(jié)果——對(duì)所謂的明智的人來說，走極端總是愚蠢的。
48. Trade only when you have a good reason on an appraisal of fundamentals and using chart action for confirmation and timing of entry and exit.
只有當(dāng)你根據(jù)基本面的分析作出估價(jià)，哂脠D表行為加以證實(shí)，並策劃好入市和出市的時(shí)間，只有當(dāng)這些加在一起為你提供了充足的理由時(shí)，再做交易。
49. Believe that "the big one is possible" ——be there when it starts. Have the gross power to act, be rested mentally and physically, and finally let your profits run and cut your losses quickly.
相信"大的未必不可能"——一旦大的發(fā)生了，不至於手忙腳亂。讓綜合的力量自己行動(dòng)，精神上和肉體上都休息充分，最終讓你的利潤(rùn)滾動(dòng)，迅速地砍掉你的損失。
50. Dream big dreams and think tall. Very few people set goals too high. A man becomes what he thinks about all day long.
大膽做夢(mèng)，敢於想像。很少有人把目標(biāo)設(shè)得過高。一個(gè)人從早到晚在思考什麼，他最終就變成什麼。
51.Commodity trading is the art of regarding fear as the greatest sin and giving up as the greates t mistake. It is the art of accepting failure as a step toward victory.
期貨交易是一門把恐懼看作是最大的罪惡，把放棄看作是最大的錯(cuò)誤的藝術(shù)。它是一門把接受失敗看作是向勝利走近一步的藝術(shù)。
52.Have you taken a loss? For** it quick. If you have taken a profit, for** it quicker. Don't let ego and greed inhibit clear thinking and hard work.
你輸過嗎？盡快忘了它。你要是贏過，忘它忘得更快一些。不要讓自我和貪婪妨礙清晰的思維和刻苦的工作。
53.The characteristics of realizing bull market are:
a.a fundamental bullish situation
b.a reluctance by specs to buy
c.an inversion or small carrying charge between cash and futures
d.business interests are either cautious or bullish
識(shí)別牛市有下列的特徵：
a.從基本面上看，有一個(gè)牛市的情勢(shì)
b.專業(yè)商不情願(yuàn)去買
c.現(xiàn)貨同期貨之間倒掛或只有少量的持有費(fèi)用
d.商業(yè)興趣或者是持謹(jǐn)慎態(tài)度，或者是看多
54.Always remember that weather markets are mercurial, extreme in price fluctuations, and very difficult to master. Forecasts of weather beyond a few days are not reliable.
始終記住，氣候市場(chǎng)是變幻無常，價(jià)格變動(dòng)劇烈，極難把握的市場(chǎng)。幾天之外的天氣預(yù)報(bào)就不可靠。
55.One cannot do anything about yesterday. When one door closes, another door opens. The greater opportunity nearly always lies through the open door.
沒有人能改變昨天發(fā)生的事。當(dāng)一扇門關(guān)上時(shí)，另一扇門就打開了。越過打開的門，往往能找到更大的機(jī)會(huì)。
56.The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this, he is safe. When he ignores it, he is lost.
對(duì)交易者來說，最深的秘密就是放棄自己的意願(yuàn)，屈從於市場(chǎng)的意願(yuàn)。市場(chǎng)是真理，它反映出它所承擔(dān)的所有的力量灰灰漬噠J識(shí)到這一點(diǎn)，他就是安全的。當(dāng)他忽視這一點(diǎn)時(shí)，他就會(huì)失??/span>
57.Somewhere a change is occurring that can make you rich.
在某一地方某種變化正在發(fā)生，它能使你變得富有。
58.Beware of "fools disease" (i.e. Waiting for trades that you're sure are 100 pct profitable.) It is better never to let yourself believe that you are 100 pct sure of anything.
警惕"愚人病"（也就是等待那些你百分之百肯定會(huì)贏利的交易）。你最好別讓你自己相信你能對(duì)任何一件事百分之百地肯定。
59.A known fundamental is a useless fundamental.
人人皆知的基本原理是毫無用處的基本原理。
60.Major trends are seldom broken unless market goes against trend for more than 3 consecutive days.
除非市場(chǎng)連續(xù)三天同潮流走反向，主要潮流很少會(huì)轉(zhuǎn)移方向。
來自華爾街的經(jīng)典語錄B
dmctrader | 更新時(shí)間:2010-11-06 21:11:11 | 點(diǎn)擊數(shù):95
"If you ** in on Jones' tip; ** out on Jones' tip". If you are riding another person's id ea, ride it all the way.
"如果你是根據(jù)張三的小道消息走進(jìn)市場(chǎng)，那就按照張三的小道消息走出市場(chǎng)"。如果你是依賴別人的主意行事，那就按照他的主意走到底。
Run early or not at all. Don't be an eleven o'clock bull or a five o'clock bear.
要麼就早跑，要麼就別跑。不要做11點(diǎn)鐘的牛，或者5點(diǎn)鐘的熊。
Woodrow Wilson said, "a governments first priority is to organize the common interest against special interests". Successful traders seek out market opportunities capitalizing on the reality that government's first priority is rarely achieved.
伍德儒·威爾遜說過："一個(gè)政府的首要任務(wù)是把共有的利益組織起來以對(duì)抗特殊的利益。"在現(xiàn)實(shí)中，這一政府的首要任務(wù)難得真正實(shí)現(xiàn)。成功的交易者尋求的市場(chǎng)機(jī)會(huì)就是建立在這樣的現(xiàn)實(shí)上的。
People who buy headlines eventually end up selling newspapers.
那些相信報(bào)紙頭條的人最終的命呔褪琴u報(bào)紙。
If you do not know who you are, the market is an expensive place to find out.
如果你對(duì)自己缺乏瞭解，市場(chǎng)是一個(gè)昂貴的地方來發(fā)現(xiàn)你自己。
Never give advice—the smart don't need it and the stupid don't heed it.
不要給別人出主意——聰明人不需要，傻瓜不會(huì)聽你的。
Disregard all prognostications. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word—nobody! Thus the successful trader bases no moves on what supposedly will happen but reacts instead to what does happen.
無視所有的預(yù)言。金錢的世界是一個(gè)以人的行為勾畫出的世界。在金錢世界裡，沒有一個(gè)人對(duì)將來會(huì)有絲毫的概念。記住這個(gè)詞的沒有一個(gè)人。所以，成功的交易者不是把自己的行動(dòng)建築在什麼是應(yīng)該發(fā)生的上，而是對(duì)所發(fā)生的事而作出反應(yīng)。
Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough.
擔(dān)心不是病狀，而是健康的標(biāo)誌。如果你不擔(dān)心，那就說明你承擔(dān)的風(fēng)險(xiǎn)還不夠。
Except in unusual circumstances, ** in the habit of taking your profit too soon. Don't torment yourself if a trade continues winning without you. Chances are it won't continue long. If it does console yourself by thinking of all the times when liquidating early preserved gains you would otherwise have lost.
除了在不同尋?那闆r裡，養(yǎng)成早些兌現(xiàn)你的盈利的習(xí)慣。不要折磨你自己即使你出來之後那筆交易還在贏錢。非?？赡艿氖沁@不會(huì)延續(xù)很長(zhǎng)。即使這種情況繼續(xù)下去，想一想所有由於你提前平倉(cāng)而避免了失去既得盈利的場(chǎng)合。
When the ship starts to sink, don't pray—jump!
一旦船開始下沉，不要祈?/span>——跳船！
Life never happens in a straight line. Any adult knows this. But we can too easily be hypnotized into for**ting it when contemplating a chart. Beware of the chartist's illusion.
生活從來就不是一條直線。每一個(gè)成年人都知道這一點(diǎn)。可是，當(dāng)我們?cè)谟^看圖表時(shí)太容易被引導(dǎo)得忘掉這一點(diǎn)。警惕圖表製作者創(chuàng)造的幻覺。
Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic.
樂觀主義意味著期望最好的情況發(fā)生。自信心意味著知道一旦最壞的情況發(fā)生你會(huì)怎樣處理。如果你只是樂觀而已，千萬不要輕舉妄動(dòng)。
Whatever you do, whether you bet with the herd or against, think it through independently first.
不管你做什麼，不管你是隨流而下還是逆流而上，首先對(duì)你要做的事作一獨(dú)立的思考。
Repeatedly reevaluate your open positions. Keep asking yourself: would I put my money into this if it were presented to me for the first time today? Is this trade progressing toward the ending position I envisioned?
反覆地重新衡量你的持倉(cāng)頭寸。不斷地問自己：如果這是我今天第一次才看到的，我會(huì)投錢進(jìn)去嗎？這手交易是不是在向我想像的方向發(fā)展？
It is a safe bet that the money lost by (short term) speculation is small compared with the gigantic sums lost by those who let their investments "ride". Long term investors are the biggest gamblers as after they make a trade they often times stay with it and end up losing it all. The intelligent trader will . By acting promptly—hold losses to a minimum.
可以這麼說，比起那些讓他們的投資"隨波逐流"的人所損失的巨額款項(xiàng)來，（短線）的投機(jī)所損失的還是小數(shù)目L線投資者在進(jìn)入交易之後，常常待著不走而最終全都輸?shù)?。在這種意義上，他們是最大的賭博者。智慧的交易者，通過及時(shí)採(cǎi)取行動(dòng)，把損失限制在最小的範(fàn)圍內(nèi)。
As a rule of thumb good trend lines should touch at least three previous highs or lows. The more points the line catches, the better the line.
實(shí)際經(jīng)驗(yàn)證明，一條可信的市場(chǎng)動(dòng)向曲線應(yīng)當(dāng)至少三次碰到先前的高峰點(diǎn)或低谷點(diǎn)。一條曲線能抓住的接觸點(diǎn)越多，這條曲線就越可信。
Volume and open interest are as important to the technician as price.
對(duì)技術(shù)分析來說，交易量和持倉(cāng)量同價(jià)格一樣重要。
The clearest and easiest way to determine a trend is from previous highs and lows. Higher highs and higher lows mark an uptrend, lower highs and lower lows mark a downtrend.
確定市場(chǎng)動(dòng)向的最清楚和最容易的方法是根據(jù)舊高和舊低。高於舊高和舊低標(biāo)誌著向上的走向，低於舊高和舊低標(biāo)誌著朝下的走向。
Don't sell a quiet market after a fall because a low volume sell-off is actually a very bullish situation.
不要在一個(gè)剛經(jīng)過跌落的安靜的市場(chǎng)裡賣。因?yàn)榈土髁康牡袑?shí)際上是一個(gè)非?？炊嗟奶幘场?/p>
Prices are made in the minds of men, not in the soybean field: fear and greed can temporarily drive prices far beyond their so called real value.
價(jià)格是在人的頭腦裡訂出來的，而不是在大豆田里訂出來的?？謶趾拓澙房梢园褍r(jià)格暫時(shí)推到遠(yuǎn)離所謂的實(shí)際價(jià)格之外。
When the market breaks through a weekly or monthly high, it is a buy signal. When it breaks through the previous weekly or monthly low, it is a sell signal.
當(dāng)市場(chǎng)穿過一個(gè)星期或一個(gè)月的高位時(shí)，這是買的信號(hào)。當(dāng)它穿過前一星期或前一月低位時(shí)，這是賣的信號(hào)。
Every sunken ship has a chart.
沒有一艘沉船是不備有圖表的。
Take a trading break. A break will give you a detached view of the market and a fresh look at yourself and the way you want to trade for the next several weeks.
在交易之中不妨找個(gè)時(shí)間休息一下。休息一下可以讓你站在另一個(gè)角度上來看一看市場(chǎng)，讓你重新看一看你自己以及你在以後幾個(gè)星期內(nèi)想用的交易方法。
Assimilate into your very bones a set of trading rules that works for you.
讓你每根骨頭的骨髓裡都滲透一套對(duì)你有用的交易規(guī)則。
The final phase in a bull move is an accelerated runaway near the top. In this phase, the market always makes you believe that you have underestimated the potential bull market. The temptation to continue pyramiding your position is strong as profits have now swelled to the point that you believe your account can stand any setback. It is imperative at this juncture to take profits on your pyramids and reduce the position back to base levels. The base position is then liquidated when it becomes apparent that the move has ended.
一個(gè)牛市邉?chuàng)砟足X犭A段是一場(chǎng)接近頂部的加速賽跑。在這一階段，市場(chǎng)總是讓你相信你低估了潛在的牛市。隨著盈利膨脹到讓你相信你的賬戶可以對(duì)付任何挫 折，繼續(xù)堆砌你的頭寸金字塔的誘惑強(qiáng)大。在這關(guān)鍵的時(shí)候，要緊的是從你的金字塔上拿走你的盈利，把你的頭寸減少到基本水平。隨後，當(dāng)這一邉?dòng)變得顯然結(jié)束 了時(shí)，將這基本頭寸也平倉(cāng)。
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