2016/05/31

25位頂級交易大師的”交易忠告”:第4位 Richard Dennis 理查.鄧尼斯

懶惰像生銹一樣,比操勞更能消耗身體;經常用的鑰匙,總是亮閃閃的。——富蘭克林

「投資界交易經典」電子書-中英文CW 連載 …   (編譯:Smith Pan)

THE  BEST  TRADING  ADVICE  FROM  25 TOP  TRADERS
25位頂級交易大師的交易忠告4 Richard Dennis 理查.鄧尼斯


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Quotations:大師語錄

Trading decisions should be made as unemotionally as possible.
交易決策,應盡可能不露聲色地完成。
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Richard Dennis 理查.鄧尼斯

Richard  J. Dennis, a commodities speculator once known as the “Prince of the Pit,” was born in Chicago, inJanuary, 1949. In the early 1970s, he borrowed $1,600 and reportedly made $200 million in about ten years. When a futures trading fund under his management incurred significant losses in the stock market crash of 1987 he retired from trading  for several years. 理查.鄧尼斯,一度被稱為大宗商品投機者的“採礦王子”出生在芝加哥,inJanuary1949年在70年代初期,他借了$1,600據說在大約十年收益增值至 $2億美元。在1987年的股市崩盤之際,由他掌管的期貨交易基金,曾經發生顯著的損失紀錄,數年之後,他從交易生涯中退休。

When you have a destabilizing loss, get out, go home, take a nap, do something, but put a little time between that and your next decision . 當你有一個不穩定的損失,離開交易廳,回家小憩,且把這一次和你的下一個決定之間,挪出一點點時間,做一些其他無關交易的事情,俾以轉移並調整心情。

Trading has taught me not to take the conventional wisdom for granted . What money I made in trading is testimony to the fact that the majority is wrong a lot of the time . The vast majority is wrong even more of the time .  I’ve learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they’re almost always wrong . 交易告訴我不要相信視為理所當然的傳統智識。我從交易賺錢的操作中,證明了一個事實,即是花費大量的時間投入交易,但大多數操作卻是錯誤的。絕大多數是錯誤的交易,反而耗費更多的時間。我已經學會了市場,這往往只是瘋狂的人群所影響,往往是不合理性的; 當市塲情緒不安之際,群眾盲從地投資,幾乎總是錯的。

You can’t have a standard attitude about money and do well in this business . What
do I mean by that? Well, my father, for instance, worked for the city of Chicago for 30 years, and he once had a job shoveling coal .  So, just imagine coming from his frame of reference, and thinking about losing $50 in a few seconds trading commodities . To him, that means another eight hours shoveling coal . That’s a standard attitude about money . 你不能有對金錢的態度,在做好這門生意。我的意思是什麼呢?好吧,舉我的父親的例子來說,在芝加哥城市努力工作了30年,他過去還挖過煤。所以,想像一下參照當時他的貧困年代裡,試想在商品市場裡幾秒鐘內損失了$50元。對他來說是損失不貲,這意味著必須鏟8小時煤的工資報酬。這是對金錢投資應有的審慎態度。

The key is consistency and discipline .  Almost anybody can make up a list of rules that are 80% as good as what we taught . What they can’t do is give people the confidence to stick to those rules even when things are going bad . 最關鍵的是連貫性和紀律性。我們所教授的投資知識有多好規則列表,幾乎任何人都可以良好地吸收80%的學習成效。因為。他們所做不到的是給人們的信心,即使市埸行情越來越糟,仍須堅持並遵守投資交易的準則。

I would write down observations and think about them .  I thought about everything I was doing .  I could trade without knowing the name of the market . 我會寫下來的在市塲所觀察並思考應對決策。我深思熟慮一切由我所做的交易決定。我甚至不必知道市場確切名稱,但我仍有把握地交易任何商品無誤。

Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend . 無論你使用何種方法途徑進行交易,最關鍵的是,如果有一個大趨勢行情,你的交易方法途徑應確保在這一市塲大趨勢中,把握順勢投資獲利。

to be continued ...待續...

REFERENCES :  investoquotia.com, turtletrader.com, wikipedia.org, forex-cricket.blogspot.com,
vignette2.wikia.nocookie.net
EditEd by brandon Clay布蘭登·克萊

( Chinese translation & Editor中文翻譯&編輯者:Smith Pan )