《股票作手回忆录·第三章·初到纽约·对赌行的赢法为何失灵》第6节
After a few days I said to myself, “I can’t trade this way here. The ticker doesn’t help as it should!” But I let it go at that without getting down to bed rock. I kept it up, having good days and bad days, until I was cleaned out. I went to old Fullerton and got him to stake me to five hundred dollars. And I came back from St. Louis, as I told you, with money I took out of the bucket shops there--a game I could always beat. I played more carefully and did better for a while. As soon as I was in easy circumstances I began to live pretty well. I made friends and had a good time. I was not quite twenty-three, remember; all alone in New York with easy money in my pockets and the belief in my heart that I was beginning to understand the new machine. I was making allowances for the actual execution of my orders on the floor of the Exchange, and moving more cautiously. But I was still sticking to the tape--that is, I was still ignoring general principles; and as long as I did that I could not spot the exact trouble with my game.
注释摘要
这段文字是劳伦斯·利文斯顿对自己在纽约正规交易所屡战屡败的痛苦自白，也是他在投机生涯早期最典型的一次困境重演——靠老本事在一个新战场上打仗，打不赢还不知道为什么。 我们要先理解他此时面临的核心矛盾：对赌行与正规交易所是两套完全不同的机器。在对赌行里，交易不进入真实市场，赌的是纸带上即时跳动的价格，赌客下单那一刻，赌行就按当下的报价成交，几乎没有延时。这就像…