【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版 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”：第4位 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，inJanuary，1949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 )
