交易箴言
   It is a safe bet that the money lost by (short term) speculation is small compared with the gigantic sums lost by those who let their investments ride. Long term investors are the biggest gamblers as after they make a trade they often times stay with it and end up losing it all. The intelligent trader will . By acting promptly—hold losses to a minimum.
  可以这么说，比起那些让他们的投资随波逐流的人所损失的巨额款项来，（短线）的投机所损失的还是小数目。长线投资者在进入交易之后，常常待着不走而最终全都输掉。在这种意义上，他们是最大的赌博者。智慧的交易者，通过及时采取行动，把损失限制在最小的范围内。

交易箴言
   The clearest and easiest way to determine a trend is from previous highs and lows. Higher highs and higher lows mark an uptrend, lower highs and lower lows mark a downtrend.
  确定市场动向的最清楚和最容易的方法是根据旧高和旧低。高于旧高和旧低标志着向上的走向，低于旧高和旧低标志着朝下的走向。

交易箴言
   Stops are the key to success for many traders——limit your losses!
  设定止损是很多交易者成功的关键——限制你的亏损！

交易箴言
   Successful traders buy into bad news ＆ sell into good news.
  成功的交易者在坏消息时买，在好消息时卖。