良好的健康的身体是获得任何行业成功的基本要素。它也是在投机市场里获得成功的非常重要的一个基本要素。一个人在一年中至少要有两次停下他所有的交易，完全的离开市场，度假或在远离市场的地方休息。让你的身心得到休息并使你的判断力变的更敏锐。人过久的从事交易得不到休息缺乏变化，他的判断力就会生绣而变的扭曲。他会变的老套呆板并且从一个极端的方面来看问题。当你局限在市场之中时，不管你是成为市场多空双方的哪一方，你作为一个“人”就会很自然的期望市场按你的想法来运行，你因此会下很大力气来找到几乎所有你能找到的从表面看上去对你有利的事件或信号。而当你跳出市场时，你就能看到市场中真实的情况，并且用没有被市场所歪曲的视角来判断这个市场，从而消除贪婪和恐惧的影响。那些频繁的在市场中日进日出，不愿意放过任何一个交易机会，绝不允许自己浪费任何交易时间的那些交易者，或早或晚会输光他们所有的钱。
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I know one trader who follows scientific forecasting and makes a success. He never makes more than five or six trades in the year. If he buys stocks during the winter or early spring for a rise, and the advance materializes as he expected, he sells out and takes his profits. Then he leaves the market alone, sometimes for several months. In the summer, if he sees indications of a bull or a bear market starting, he gets in again, and if the market moves his way, he may follow it up and pyramid for several months. When he gets an indication that the end is near, he closes up his trades, takes his profits, and like the wild geese, wends his way to the sunny South. Sometimes he stays all winter in Florida, hunting and fishing; then goes over to Hot Springs, Arkansas, takes a course of baths; returns to Wall Street in good health and fit for another tilt with the Bulls and Bears.
我知道一个交易者他跟随着科学的预测并使自己获得了成功。他在一年中的交易次数从不超过6次。假如他因为冬季或者早春季节的上涨而买入股票，当上涨达到他自己的合理期望位置时，他就落袋为安。之后他就放任市场自己去波动，不去管市场的涨跌，并常常就这样不闻不问几个月。到了夏末，假如他看到了一个牛市或熊市开始的信号指示时，他又回到市场来了，假如市场按他预想的运行，就会使用金字塔方法逐步累进跟随趋势几个月。当他看到趋势快要结束的信号时，他就立即平仓落袋为安，并象天鹅一样飞到阳光明媚的南方。有时他会在佛罗里达呆上一整个冬天，打猎钓鱼，然后转道去体会一下阿肯色洲炎热的早春，舒服的享受一系列洗澡沐浴的乐趣，再身强力壮的返回华尔街，有能力应付任何牛市和熊市的挑战。
He makes a specialty of trading in certain favorite stocks. He studies them closely and watches for certain signs that he considers almost infallible. When these signs come, he acts. He does not hurry until the time comes, but when it does, there is no hesitation -- he buys or sells. He keeps cool, calm and collected, and waits for the time to open or close a trade. Another thing he never does is to expect any fixed amount of profits or set any specific time for getting out. I have often seen him make a trade and it would go against him. He would get out and say, "Well, I guess Ill go back to my office and watch them for awhile." Sometimes it would be days or weeks before he made another trade, but when he did, it was based on some good sound reason, and 90 per cent of the time the second trade proved a winner. But suppose he had held the first trade he made and hoped it would move his way. His judgment, being biased, would have become more unreliable all the time. There is nothing like being out of the market and looking them over from an impartial viewpoint. When there is no definite trend, stay out, watch and wait, and your patience will be rewarded.
