偶看新闻对战时共产主义的评价:交易的真正秘诀！
来源：百度文库 编辑：偶看新闻 时间：2024/04/28 11:36:31
Way of the Turtle篇首语
ONE
High risk, high reward: It takes balls of steel to play this game.
------Told to a friend before starting the Turtle program
高风险，高回报：玩此游戏将会遭受许多严重打击。
——开始海龟计划之前告诉过一个朋友
TWO
Human emotion is both the source of opportunity in trading and the
Greatest challenge. Master it and you will succeed. Ignore it at your peril.
人类的情绪既是交易机会之源，也是巨大的挑战。掌控它你将会成功。忽视它你会毁灭。
Three
Trade with an edge, manage risk, be consistent, and keep it simple. The entire Turtle training, and indeed the basis for all successful trading, can be summed up in these four core principles.
以优势交易，风险管理，坚持一致，保持简单。
整个海龟训练，可以总结为这4条核心原则，这也是所有成功交易的真正基石。
Four
Good trading is not about being right, it is about trading right. If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades.
好的交易，不是赢利的交易，而是正确地交易。如果你想取得成功，就必须考虑长远，不去计较单笔交易的得失。
Five
Trading with an edge is what separates the professionals from the amateurs. Ignore this and you will be eaten by those who don't.
以优势来交易是专家和业余者的区别。忽视这一点的话，你会被重视这一点的人吞掉。
Six
Edges are found in the places that are the battlegrounds between buyers and sellers. Your task as a trader is to find those places and wait to see who wins and who loses.
优势存在于多空交战之处，做为交易者所要做的就是发现这些地方并等待看看谁胜谁负。
Seven
Mature understanding of and respect for risk is the hallmark of the best traders. They know that if you don't keep an eye on risk, it will set its eye on you.
真正理解并尊重风险是顶级交易员的标志。他们知道如果你不用一只眼盯住风险，那么亏损会盯上你。
Eight
Ruin is the risk you should be concerned with the most. It can come like a thief in the night and steal everything if you aren't watching carefully
破产是你应当最要关注的风险。如果你不小心的话，它就会像个夜贼来偷去你的所有。
Nine
Don't spend all your time admiring the fancy tools in the magazines. First learm how to use the basic ones well. It's not the size of your tools that counts but how well you use them.
不要浪费你所有的时间去崇拜杂志上的花哨工具。首要的是如何用好基本的几个。重要的不是你的工具能赚多少，而是你能把它们用得多好。
TEN
Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated methods every time.
保持简单。简单久经考验的方法每次都将胜过花哨复杂的方法。
Eleven
LIES, DAMN LIES, AND BACKTESTS
Charlatans and scoundrels lurk in dark corners, awaiting the unsuspecting. Don't be their prey.
谎言，该死的谎言，和绩效回测
江湖骗子和坏蛋埋伏在阴暗角落，正等着你上钩。不要成为他们的猎物。
Twelve
Trading with poor methods is like learning to juggle while standing in a rowboat during a storm. Sure, it can be done, but it is much easier to juggle when one is standing on solid ground.
用糟糕的方法交易就像站在风暴中的小艇上学变戏法。当然，这样也能做到，但是站在坚实地面变戏法就要容易得多。
Thirteen
Trading is not a spirit; it's boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win.
交易不是幽灵鬼怪，它是拳击。市场会打得你头破血流，并会尽其所能地击败你。但是当第12回合结束的铃声响起时，你必须站立场中以赢得胜利。
Fourteen
The market does not care how you feel. It will not prop up your ego or console you when you are down. Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears, and failures, you will not succeed.
市场不在乎你的感受。当你倒下时它不会维护你的自尊或安慰你。因此，交易不会适合所有的人。如果你不愿意面对市场真谛，以及你自身的局限性、恐惧、和失败，你将不会成功。
Epilogue
Two roads diverged in a wood, and I—
I took the one less traveled by, And that has made all the difference.
结语
树林中两条小径蜿蜒，而我——
我踏上乏人问津的那条，
也展开了截然不同的人生。