没看明白 作者: river. 时间: 2010-10-16 20:00
nerve 勇气
nerve is just as essential as patience; in fact, nerve is the equal of capital.
勇气和忍耐一样是基本素质,事实上,勇气是首要的。
in getting my experience, i have been broke over 40 times,i have lost all of my money, but there never has been a time yet when i lost my nerve.
在我的过往经历中,我暴仓40次,并失去了我所有的钱,但是这从来没有使我丧失勇气。
years ago, when i was experimenting and working on methods for forecasting the market, i would get in the market wrong and lose all my working capital, but i never let it get my "goat."
i studied very carefully how i made the mistake and what the cause of the loss was.
我仔细的研究了我是如何犯错的以及什么原因导致我亏钱。
in this way, i profited by every mistake and loss, and was enabled to perfect my method of forecasting and trading so that i could make a success.
这样,我在每一次错误和损失上得到收获,使我能够形成自己完美的预测和交易法则并导致我最后的成功。
looking backward brings nothing but regrets.
追悔过去除了带来遗憾不会带来别的。
i always believe in facing the future with nerve and hope.
我永远信仰用勇气和理想来直面未来。
but let the nerve and the hope be based on some sound principle that will prevent costly mistakes of the past.
但是要使这份勇气和理想建立在一些可靠和有效的法则上,这样可以有效地防止你过去惨重的损失再发生。
during my career i have seen many traders who had made one mistake after another and suffered severe losses, and still had some capital to work with but when an opportunity appeared, they lacked the nerve to act.
in cases of this kind, the nerve would have been more valuable than capital.
这种情况下,勇气比资金更有价值。作者: river. 时间: 2010-10-16 20:00
knowledge 知识
in the early part of my career i made some great success, and what might be called lucky strikes.
在我事业生涯的早期我很顺利的就获得了一些成功,而这些成功更应该称为走运。
i made a lot of money easily and then i spent or lost it easily.
but i did not give up or lose my nerve.
我很容易的就获得了大量的金钱而我花费或者说损失的也很容易。但是我从没有丧失我的勇气。
i always figured that i was a better man after each reverse, because i had acquired experience.
我始终坚信我在每次逆境之后都会变的更出色,因为我从逆境中获得了经验。
experience is the only school to learn in and the burnt child is the one who knows the pain from having put his fingers in the fire.
经验只能从实际训练中才能获得,一个小孩要通过把他的手指头放到火上才能知道被火烧的感觉很疼。
mistakes are all right and hard to avoid. they are good for us, because if we profit by them, they prove valuable.
but it is wrong to make the same mistake the second time.
但是如果同样的错误出现两次,就是件坏事了。
therefore, use every mistake as a stepping stone to progress; analyze each mistake you make and the cause of every loss, in order to avoid repeating the same error in future.
with each experience i had, good or bad, i accumulated knowledge, and after all, knowledge is the greatest power of all, for capital will always come to knowledge.
我把我所得到的经验,好的或着坏的,积累成市场认知,而这种对市场的认识是最有力量的,资产的积累总是开始于知识和认识的积累。作者: river. 时间: 2010-10-16 20:01
patience 忍耐
patience is a virtue, especially in the stock market.
忍耐是一种美德,特别是在股票市场中。
acquire it if you can.
尽你所能的学会它。
you must have patience to wait for the right opportunity to come, and not be over anxious and get in too soon.
你必须要忍耐并等到一个恰当的机会来临,不要过于急切和渴望并那么快就进入市场。
once you buy or sell a stock and it starts moving in your favor, you must have patience to hold it until there is a good reason or sufficient cause for closing the trade.
never close a trade just because you have a profit; do not become impatient and get out for no real reason.
永远不要仅仅因为你有了一点利润就结束交易,不要急躁,并在没有一个合理原因的情况下就退出交易。
every act, either in opening or closing a trade, must have a sound basic cause behind it.
每一个交易动作不管你是开始交易还是停止交易,都必须事先有一个可靠的彻底的基础理由来支持你。
hopes and fears must be eliminated.
希望和恐惧就可以得到排除。
there is no use selling a stock because you fear it is going down, nor buying it because you hope it is going up.
因为你恐惧一个股票正在运行的下跌而卖出股票或者因为期望一个股票涨的更高而买入都是毫无价值的。
look at your charts and see which way the trend points and follow it.
看看你的图表并观察趋势是什么路数,跟随它。
if no definite trend is shown, use patience and wait.
假如没有发现明确的趋势,就学会忍耐和等待。作者: river. 时间: 2010-10-16 20:07
江恩三年的交易统计,有independent auditor证明。1933, 1934, 1935 from an independent auditor 。