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投资技巧
交易警言
46. "I like the short side of the market because there is usually less company". The mob is usually wrong. It is usually long.
"我喜欢市场看空的一边,因为通常这里人要少一些"。蜂拥之众通常是错的,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.
初学交易的人的一个致命的错误是稍有赢利就出手。这是目光短浅的结果----对所谓的明智的人来说,走极端总是愚蠢的。
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.
只有当你根据基本面的分析作出估价,运用图表行为加以证实,并策划好入市和出市的时间,只有当这些加在一起为你提供了充足的理由时,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"----一旦大的发生了,不至于手忙脚乱。让综合的力量自己行动,精神上和肉体上都休息充分,最终让你的利润滚动,迅速地砍掉你的损失。
50. Dream big dreams and think tall. Very few people set goals too high. A man becomes what he thinks about all day long.
大胆做梦,敢于想象。很少有人把目标设得过高。一个人从早到晚在思考什么,他最终就变成什么。
51.Commodity trading is the art of regarding fear as the greatest sin and giving up as the greatest mistake. It is the art of accepting failure as a step toward victory.
期货交易是一门把恐惧看作是最大的罪恶,把放弃看作是最大的错误的艺术。它是一门把接受失败看作是向胜利走近一步的艺术。
52.Have you taken a loss? Forget it quick. If you have taken a profit, forget it quicker. Don't let ego and greed inhibit clear thinking and hard work.
你输过吗?尽快忘了它。你要是赢过,忘它忘得更快一些。不要让自我和贪婪妨碍清晰的思维和刻苦的工作。
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
识别牛市有下列的特征:
a.从基本面上看,有一个牛市的情势
b.专业商不情愿去买
c.现货同期货之间倒挂或只有少量的持有费用
d.商业兴趣或者是持谨慎态度,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.
始终记住,气候市场是变幻无常,价格变动剧烈,极难把握的市场。几天之外的天气预报就不可靠。
55.One cannot do anything about yesterday. When one door closes, another door opens. The greater opportunity nearly always lies through the open door.
没有人能改变昨天发生的事。当一扇门关上时,另一扇门就打开了。越过打开的门,往往能找到更大的机会。
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.
对交易者来说,最深的秘密就是放弃自己的意愿,屈从于市场的意愿。市场是真理,它反映出它所承担的所有的力量。只要交易者认识到这一点,他就是安全的。当他忽视这一点时,他就会失败。
57.Somewhere a change is occurring that can make you rich.
在某一地方某种变化正在发生,它能使你变得富有。
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会赢利的交易)。你最好别让你自己相信你能对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无用处的基本原理。
60.Major trends are seldom broken unless market goes against trend for more than 3 consecutive days.
除非市场连续三天同潮流走反向,主要潮流很少会转移方向。
61.If a market doesn't do what you think it should and you're tired of waiting , you'd better be out of it.
如果市场所做的不是你认为它应该做的,而你对等待已感到厌倦,你最好退出市场。
62.Stay calm and maintain clear thinking when trading big positions.
交易大宗头寸时,要保持冷静和头脑清醒。
63.Reevaluate your position in the market if charts have deteriorated and fundamentals have not developed as you expected.
如果图形走弱,而且基本面的发展不像你所预期的那样,重新对你在市场的头寸作估价。
64.Above all be mentally prepared for the rigors of each trading day from the time you get up each morning until you go to bed at night.
最重要的是在精神上对每个交易日的严峻场面作好准备,从每天早晨你爬起来,一直到晚上回到床上。
65.Do whatever is necessary to stay on top of the markets you are trading.
竭尽全力,停留在你所交易的市场的顶部。
66.Believe that the market is stronger than you are. Do not try to fight the market.
相信市场比你要强大。不要企图同市场抗争。
67.Beware of large positions that can control your emotions and feelings. In other words don't be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts.
对那些会控制你情绪波动的大头寸保持警惕,也就是说,在市场上不要过分冒进。与其暴赢,不如缓进,稳扎稳打地积累资产。
68.Capital preservation is just as important as capital appreciation.
资本保存同资本增值一样要紧。
69.When a market's gotten away and you've missed the first leg you should still consider jumping in even if it is dangerous and difficult.
如果市场已经起步了而你错过了第一轮烽火,你不妨仍然考虑中途介入,即使这样做是危险而困难的。
70.Work hard at understanding the key factor(s) motivating the market(s) you are trading. In other words, the harder you work the luckier you'll be.
交易时,努力去理解那些推动市场的关键因素。换句话说,越努力你就会越幸运。
71.Remember that it's better to trade a few big moves a year (and close them out profitably) than to trade constantly.
记住,与其不断地交易,不如每年少交易几手(并在赢利时出手)。
72.Set an objective for each trade you enter and get out when you meet it. Don't be greedy!
为你的每一手交易设立一个目标,达到目标就出手。不要贪心!
73.Remember that for many commodities ,politics are more important than economics.
记住,对许多商品来说,政治比经济更重要。
74.Never add to a losing position.
不要在输钱的头寸上加码。
75.Beware of trying to pick tops or bottoms.
挑选底部和顶部时要小心。
76. Worry about how much you can lose. Figure risk reward ratio ahead of trade. Strive for at least 3x potential profit vs. loss.
要想到你能够输多少钱,交易前就想好风险回报比例。尽力做到可能的盈利要三倍于可能的亏损。
77. If it appears that lots of bulls are long , be nervous!
如果看上去有很多多头在买,你就需要警惕起来。
78. If you have a good lead in the market and all the news seems too good to be true you'd better take profits.
如果你在市场上领先一筹,而且所有的消息都好得难以置信,你最好是收回你的盈利,出市走人。
79. The news always follows the market.
新闻总是尾随市场之后。
80. There is only one side to the market; and it is not the bull side or the bear side, but the right side.
市场只有一种,不是牛市或熊市,而是正确之市。
81. A man must believe in himself and his judgment if he expects to make a living at this game.
如果有人想在这场游戏里生存,他必须相信自己和自己的判断力。
82. It is the big swing that makes the big money for you. "It was never my wishing that made the big money for me. It was always my sitting tight." Men who can both be right and sit tight are uncommon. The market does not beat them. They beat themselves. You must have the courage of your convictions and the intelligent patience to sit tight.
大浪潮为你创造大笔财富。"为我带来大笔财富的从来就不是我的祈求。它从来都是因为我坐着不动。"能够既正确又坐着不动的人是不多见的。市场打不败他们,打败他们的是他们自己。一定要有坚韧的勇气和智慧的耐心,你才做得到坐着不动。
83. To buy on a rising market is a most comfortable way of buying. Buy on a scale up. Sell on a scale down.
最不让人担心的买进方法是在一个上升的市场里买进。买高卖低。
84. Commodities are never too high to begin buying or too low to begin selling. But after the initial transaction, don't make a second unless the first shows a profit.
商品没有高到不该再买的时候,也没有低到不该再卖的时候。不过,在最初的转手后,除非第一手交易获利了,不要再做第二手。
85. Realize that the big money comes in the big swing. Whatever might seem to give a big swing, its initial impulse, the fact is that no matter who opposes it, the swing must inevitably run as far and as fast and as long as the impelling forces determine.
要意识到大笔钱来自大浪潮。无论什么是看上去会掀起大浪潮的,它最初的鼓动,事实是,不管是谁对抗它,大浪潮都无可避免地必然按照推动它的力量所决定的速度,冲到推动它的力量所决定的远处。
86. In the long run, commodity prices are governed but by one law , the economic law of demand and supply.
从长远来看,决定商品价格的只有一条法则,供与求的经济法则。
87. A loss never bothers me after I take it. I forget it overnight. But being wrong and not taking the loss , that is what does the damage to the pocket book and to the soul.
当我接受了一手输了的交易,我就不再为它烦恼。隔了一夜我就忘了。但是,如果我做得不对,不肯接受我输了的事实,这才会既对记账本也对心灵造成损害。
88. It is profitable to study your mistakes.
研究你的错误会给你带来利润。
89. Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.
在所有为投机而犯的愚蠢的错误里,很少有比卖掉会赚钱、买进要赔钱的更愚蠢的了。
90. Nothing is new in commodities! The game does not change and neither does human nature.
期货交易里没有什么新东西!游戏没有变;人性也没有变。 |
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