"Man'sgreatest enemy in speculation is 'hope.' He refuses to face facts, and factsare stubborn things. Hope spurs us on. It may be an anchor to the soul, butit's a very slim anchor in speculation when those facts are against us."
人們?cè)谕稒C(jī)過(guò)程中最大的敵人就是所謂“幻想”。他們拒絕面對(duì)現(xiàn)實(shí),而現(xiàn)實(shí)往往很殘酷。“幻想”激勵(lì)著我們,它就像駐守在心靈里的大山,然而在投機(jī)買賣中當(dāng)現(xiàn)實(shí)和我們的幻想背道而馳的時(shí)候這座大山卻變得不堪一擊。
"Justas detectives learn the habits of a certain gang of criminals from the cluesthat they leave behind them, so can a Wall Street detective find a clue to whatthe 'powers that be' and master market manipulators intend to do with thestocks"
正如偵探從犯罪分子留下的線索來(lái)獲知他們的習(xí)性一樣,華爾街的偵探也可以找到市場(chǎng)的幕后推手的線索,而這個(gè)市場(chǎng)的操縱者正是股票的操縱者。
"Themovement of a stock, up or down, is made by human minds who buy or sell it withthe intention of closing the deals later at a profit. What one man's mind candevise, another man's mind can figure out, for, after all, human nature neverchanges. By studying individual stocks and following the rules for detectingand determining the trend, you will be able to make large amounts ofmoney."
一只股票的波動(dòng),上漲或下跌,是由投資者期望獲利而進(jìn)行買賣的行為造成的。一個(gè)人的想法可以由另一個(gè)人推理出來(lái),而且人的本性是永遠(yuǎn)不會(huì)變的。通過(guò)對(duì)各類股票的研究及遵循預(yù)測(cè)及判定趨勢(shì)的規(guī)則,你就可以賺取很多錢!
"Future stock market movements can be forecast by a study of past history and past movements. By knowing the time when the greatest advances have taken place and the times when the greatest panics and declines have occurred, so we can find the time periods to watch for major and minor changes in trend, you can detect what to expect in the future. Just remember one thing, whatever has happened in the past in the stock market and on Wall Street will happen again."
通過(guò)研究過(guò)去的歷史和過(guò)去的市場(chǎng)波動(dòng),我們就可以預(yù)測(cè)出未來(lái)的股票市場(chǎng)波動(dòng)。通過(guò)了解什么時(shí)候曾經(jīng)出現(xiàn)過(guò)最大的上漲和什么時(shí)候極大的恐慌和下跌,然后我們就能夠找出時(shí)間周期以便觀察主要和次要的趨勢(shì)如何變化,你便可以預(yù)期未來(lái)將發(fā)生什么。只需牢記一件事情,股票市場(chǎng)過(guò)去已發(fā)生過(guò)的任何事情都將在華爾街再現(xiàn)。
Every stock has its peculiar vibration,which shows whether the energy drives it upward or downward. Flammarioin tells us everything is based on vibration. Through this law Prof. De Forest discovered wireless telegraphy.
每一個(gè)股票都存在特有的振動(dòng),這種振動(dòng)顯示出是否能量驅(qū)動(dòng)它向上或者向下。Flammarioin 告訴我們一切事物都基于振動(dòng)。 通過(guò)這條定律,De Forest教授發(fā)現(xiàn)了無(wú)線電報(bào)。
Remember that the harder you work, the more knowledge you will get, and the more profits you will make. King Solomon, the wisest man who ever lived, shows wisdom and understanding above everything else. You will do well to follow his example. “Happy is the man who find the Wisdom, and the man who get the Understanding!” (Proverbs).
請(qǐng)牢記:你越是努力學(xué)習(xí),那么你越是會(huì)得到更多的知識(shí)并且將獲得更多的利潤(rùn)。所羅門國(guó)王,這位有史以來(lái)最聰明的人指出智慧和理解高于一切。 以他為榜樣你將會(huì)做得更好。“尋見(jiàn)有智慧的人有福,取得明哲的人真樂(lè)!”。
"There is no use staying in, holding on and hoping, when things go against you. Take your loss quickly and get out. You will make money by staying out of the market and waiting for an opportunity when the market is right, your physical condition good and your mind at its best. To beat the stock market is a battle of wits. Your mind must be active, keen and alert. You must be able to change your mind and act quickly. When you find that your mind gets sluggish and you cannot act quickly, you are in no position to be in the market."
當(dāng)趨勢(shì)離你而去的時(shí)候,死撐毫無(wú)意義,抱著僥幸沒(méi)有一點(diǎn)用。盡快承認(rèn)損失并離開(kāi)市場(chǎng)。你將因?yàn)殡x開(kāi)市場(chǎng)來(lái)“賺”到一筆錢,并等待適合你的市場(chǎng)機(jī)會(huì),這樣你的物質(zhì)條件良好,心態(tài)也不錯(cuò)。打敗市場(chǎng)是一個(gè)智力的戰(zhàn)爭(zhēng),你的思維要積極,敏銳,警覺(jué)。你要學(xué)會(huì)快速的調(diào)整改變你的心態(tài)和行為。當(dāng)你的思維變的遲緩,你的行動(dòng)就會(huì)失去果斷快速,這樣你在市場(chǎng)里就根本無(wú)法立足。
There is a seasonal trend and a mathematical scientific cycle which determines the time and limits to which a man can go and when he bucks the law and the tide turns against him. The most important thing for every man to know is when to quit. After a man has made money, he must know when he has enough, stop and keep what he has. …
一個(gè)周期性季節(jié)性的趨勢(shì)和數(shù)學(xué)的科學(xué)循環(huán)確定了一個(gè)人可以到達(dá)的時(shí)間和范圍,以及什么時(shí)候它違反法則使得趨勢(shì)向與他預(yù)期的相反方向的逆轉(zhuǎn)。對(duì)每個(gè)人來(lái)說(shuō)最重要的事情是知道什么時(shí)候退出。在一個(gè)人賺到錢后,他必須知道什么時(shí)候就足夠了,什么時(shí)候停止并保持他所擁有的。
"Leave queer-acting stocks alone. Stick to the ones that favor you. The kinds of stocks to trade in are those that are active and those that follow the rules and a definite trend. There are always queer-acting stocks and some stocks that don’t follow the rules. These stocks should be left alone."
離那些走市古怪的股票遠(yuǎn)遠(yuǎn)的,牢牢沾住一個(gè)你能很好把握的股票 。適合交易的股票種類是那些活躍的并且跟隨法則具有明確趨勢(shì)的那些股票。那些走市總是很古怪的股票和那些不跟隨法則的股票,我們應(yīng)該讓它們自己去表演。