杰西·利弗莫尔

华尔街没有新事物。因为投机像山丘一样古老。

There is nothing new in Wall Street. There can't be because speculation is as old as the hills.

华尔街没有新事物。因为投机像山丘一样古老。

There is nothing new in Wall Street. There can't be because speculation is as old as the hills.

赚大钱不在于单个股票的波动，而在于对大势的判断。

The big money is not in the individual fluctuations but in the main movements.

经验告诉我，如果一笔交易一上来就亏钱，那么这笔交易多半不会好。

If a trade doesn't go right from the start, chances are it won't work at all.

市场永远不会错，只有市场参与者的看法会错。

The market is never wrong; only market participants views can be wrong.

赚大钱不是靠交易技巧，而是靠坐着不动。

Making big money is not about trading skill, but about sitting still.

在市场确认趋势之前，不要急于行动。

Before the market confirms the trend, do not rush to act.

我的亏损教会了我很多东西。

My losses have taught me a lot.

永远不要在错误的时候加仓。

Never add to a losing position.

时机就是一切。

Timing is everything.

在市场开始上涨之前，价格已经在底部徘徊很久了。

Before the market starts rising, prices have been hovering at the bottom for a long time.

不要试图猜测市场将要做什么，而是等待市场告诉你。

Do not try to guess what the market will do; wait for the market to tell you.

耐心等待是交易中最重要的品质。

Patience is the most important quality in trading.

在股票市场上，没有人能赢过所有的人。

In the stock market, no one can beat everyone.

跟随趋势交易，直到趋势反转。

Follow the trend until the trend reverses.

亏损的原因往往是过早地买入或卖出。

The cause of losses is often buying or selling too early.

在市场确认方向之前保持观望。

Stay on the sidelines until the market confirms direction.

成功交易的秘诀是知道什么时候退出。

The secret to successful trading is knowing when to exit.

不要听别人的建议，坚持自己的判断。

Do not listen to others advice; stick to your own judgment.

在交易中，最重要的不是买什么，而是什么时候买。

In trading, the most important thing is not what to buy, but when to buy.

学会亏钱和学会赚钱一样重要。

Learning to lose money is as important as learning to make money.

在交易中，情绪是最大的敌人。

In trading, emotions are the biggest enemy.

不要试图抄底或逃顶。

Do not try to pick bottoms or tops.

市场的行为是由人性决定的。

Market behavior is determined by human nature.

永远不要逆势交易。

Never trade against the trend.

在交易中，资金管理是最重要的。

In trading, money management is the most important.

当你亏损时，减少交易量。

When you are losing, reduce trading volume.

在市场证明你正确之前，不要加仓。

Do not add to a position until the market proves you right.

交易的艺术在于知道什么时候持有，什么时候卖出。

The art of trading is knowing when to hold and when to sell.

在投机市场，没有什么是确定的。

In the speculative market, nothing is certain.

在市场恐慌时买入，在市场兴奋时卖出。

Buy when the market panics, sell when the market is excited.

成功的交易者知道什么时候应该休息。

Successful traders know when they should take a break.

不要爱上你的头寸。

Do not fall in love with your positions.

交易记录是最好的老师。

Trading records are the best teachers.

在交易中，止损是最重要的纪律。

In trading, stop-loss is the most important discipline.

市场趋势一旦形成，往往会持续一段时间。

Once a market trend forms, it tends to continue for some time.

不要因为股价低就买入。

Do not buy just because the stock price is low.

成功的交易需要耐心、勇气和纪律。

Successful trading requires patience, courage, and discipline.

在交易中，不要追求完美，而是追求一致。

In trading, do not pursue perfection, pursue consistency.

市场的记忆是短暂的，机会会不断重复。

The markets memory is short; opportunities keep repeating.

不要把运气当作技能。

Do not mistake luck for skill.

在交易中，最重要的不是你的看法对不对，而是你错了怎么办。

In trading, the most important thing is not whether your view is right, but what you do when you are wrong.

学会在错误中生存是成功交易的关键。

Learning to survive mistakes is the key to successful trading.

市场的波动创造了盈利的机会。

Market volatility creates profit opportunities.

华尔街没有新鲜事，因为投机像山岳一样古老。

There is nothing new in Wall Street. Speculation is as old as the hills.

赚大钱的诀窍不在于买进卖出，而在于等待。

The big money is not in the buying and the selling, but in the waiting.

大钱是靠坐赚来的而不是靠交易赚来的。

Big money is made by sitting, not by trading.

绝不要平摊亏损一定要牢牢记住这个原则。

Never average down a loss. Remember this principle firmly.

华尔街没有新鲜事因为人性永不改变。

Wall Street never changes because human nature never changes.

当我看见一个危险信号的时候我不跟它争执我躲开。

When I see a danger signal, I don't argue with it — I step aside.

华尔街没有新鲜事，因为投机活动就像山峦一样古老。

There is nothing new in Wall Street. There can't be, because speculation is as old as the hills.

赚大钱不是靠思考，而是靠坐等。

It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!

绝不要平摊亏损的头寸。

Never average down on a losing position.

利润总是能自己照顾自己，而亏损永远不会自动了结。

Profits always take care of themselves but losses never do.

不要过度交易，耐心等待适合的时机。

Don't overtrade. Wait for the right opportunity.

华尔街没有新鲜事。投机就像山岳一样古老。

There is nothing new in Wall Street. Speculation is as old as the hills.

让我赚到大钱的从来不是我的思考，而是我的坐功。

It never was my thinking that made the big money for me. It always was my sitting.

赚钱的时候不要急，亏钱的时候要快：绝不向下摊平亏损。

Never average losses. Let your profits run and cut your losses quickly.