《股票作手回忆录·第十四章·游戏永不变·人性永不变》第9节

回忆录 · 第7章 · 第9节

I think now that I found myself then at the most critical period of my career as a speculator. If I failed this time there was no telling where or when, if ever, I might get another stake for another try. It was very clear that I simply must wait for the exact psychological moment. I didn’t go near Williamson & Brown’s. I mean, I purposely kept away from them for six long weeks of steady tape reading. I was afraid that if I went to the office, knowing that I could buy five hundred shares, I might be tempted into trading at the wrong time or in the wrong stock. A trader, in addition to studying basic conditions, remembering market precedents and keeping in mind the psychology of the outside public as well as the limitations of his brokers, must also know himself and provide against his own weaknesses. There is no need to feel anger over being human. I have come to feel that it is as necessary to know how to read myself as to know how to read the tape. I have studied and reckoned on my own reactions to given impulses or to the inevitable temptations of an active market, quite in the same mood and spirit as I have considered crop conditions or analysed reports of earnings.

注释摘要

1915 年初的华尔街还笼罩在战争的阴影里。纽约证券交易所从 1914 年 7 月 31 日一直关闭到 12 月中旬才重新开门,这是自交易所成立以来最长的一次停市。整个市场冷冷清清,没有什么像样的行情,许多人在这场漫长的萧条里耗尽了最后一颗子弹。利弗莫尔刚刚完成了破产程序,大部分债权人通情达理地签署了免责书,他终于甩掉了压在心头的债务包袱,但代价是他又一次…