WOTT中最有价值的话，请润色

思迷思

这是MOO兄的大作，请参阅。

原帖由 moocher 于 2007-11-13 09:47 发表
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： 玩这个游戏要经受很多打击。
——在开始海龟计划之前要告诉朋友

原帖由 moocher 于 2007-11-13 09:47 发表

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.

人类情绪既是交易机会之源又是巨大的挑战。
掌握它你会成功。
忽视它你会自食苦果。

原帖由 moocher 于 2007-11-13 09:47 发表

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.

有约束地交易，风险管理，做到一致性，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。

原帖由 moocher 于 2007-11-13 09:47 发表

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.

好的交易不是结果好，而是做对交易。如果你想取得成功，就必须考虑长远，不去计较单个交易的结果。

原帖由 moocher 于 2007-11-13 09:47 发表
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.

具有统计优势的交易可以将专业人士和业余爱好者区别开来。忽略这一点的话，你会被知道这一点的人吞掉。

原帖由 moocher 于 2007-11-13 09:47 发表

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.

关键点（Edge）存在于买家和卖家的战场上。交易者的任务就是找出这些地方，并等着瞧瞧谁赢谁输。

原帖由 moocher 于 2007-11-13 09:47 发表

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.盯上你

真正认识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。

原帖由 moocher 于 2007-11-13 09:47 发表

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

破产是你应当关注的最大风险。它像个夜贼偷去你的所有，如果你不照看好的话。

原帖由 moocher 于 2007-11-13 09:47 发表

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花工具。首先要用好基础的一个。重要的不是你的工具复杂程度而是你用好它们的程度。

原帖由 moocher 于 2007-11-13 09:47 发表

TEN
Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated methods every time.

保持简单。简单的久经考验的易行的方法每次都将战胜花哨复杂的方法。

原帖由 moocher 于 2007-11-13 09:47 发表

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，正等着你上当。不要成为他们的猎物。

原帖由 moocher 于 2007-11-13 09:47 发表

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.

用糟糕方法交易就像站在风暴中的小艇上学变戏法。但是站在坚实地面变戏法就很容易，也是可行的。

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.

交易不是神; 它是拳击。市场会使你头破血流，并发生任何能打败你的事。但是当第12轮结束的铃声响起时，你必站在场中以赢得胜利。

原帖由 moocher 于 2007-11-13 09:47 发表

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。当你倒下时它不能支撑起你的自我或拯救你。因此，交易不是为所有人的。如果你不愿意面对市场真理和你自身局限性，恐惧，和失败的真相，你将不会成功。

原帖由 moocher 于 2007-11-13 09:47 发表

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
一片树林里分出两条路，而我——     
我选择了人迹更少的一条，
从此使我此生不同。

蛾子

说的很好！

pwqzc

精彩!

jvya

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