1.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)。

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.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)不要讓一場大贏的交易轉(zhuǎn)變?yōu)檩敿?。如果市場使你的贏利從最高處下滑了20％，止損出市。

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)入交易以前就到處征求意見——事實(shí)價(jià)值無窮、意見一文不值。簡單地說，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 get out of the market just because you have lost patience or get into  the market because you are anxious from waiting.

決不要因?yàn)槭ツ托亩顺鍪袌?，也決不要因?yàn)槠炔患按M(jìn)入市場。

16. Avoid getting in or out of the market too often.

進(jìn)出市場不要過于頻繁。

17. The most profitable trading tool is simply following the trend.

最佳的贏利方法就是跟隨趨勢。

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 get out without a definite indication of a change in trend.

除非有充分的理由，不要改變你在市場里的頭寸。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；此后，除非有明確的趨勢改變的跡象，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)心鉆研。抓住每一次賠錢的機(jī)會(huì)，改進(jìn)你對(duì)市場行為的了解。

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)里最難的任務(wù)不是預(yù)測，而是自我控制。成功的交易是艱難和令人煩惱的交易。在成功的等式里，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. Expand your sources for market info but limit your sources for market opinion.

擴(kuò)充你的市場信息來源；限制你的市場意見來源。

25. Keep records of your trading results.

對(duì)你的交易結(jié)果做好紀(jì)錄。

26. 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。

27. 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)挠職狻⒔疱X以及將這三者妥善結(jié)合在一起的精力。

28. 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)。