股市操作50守則(50 Stock Market rules)

1.Sell the Losers and Let the Winners Run.
賣掉賠錢股,抱牢賺錢股.
Cut your losses and let your profits run.(Daniel Drew)
賠錢時要停損,賺錢時放手一搏.
2.Make winners Win Big.
讓獲利股幫你賺大錢.
3.Losers Demand Careful Strategy.
小心注意手中已出現虧損的投資標的.
4.It is better to Average Up than to Average Down.
逢高加碼比向下攤平好.
5.Good Companies buy their Own Stocks.
好公司買回自己的股票.
6.Watch Out for Block Tades.
注意大額整批交易.
7.Look for Insider's Trading.
注意內部人交易狀況.
8.Buy Low-Sell High.
低買高賣.
9.Buy High-Sell Higher.
多頭時可買高賣更高.
10.Buy On the Rumor,Sell On the News.
聽到謠言時買進,聽到消息時賣出.
11.Sell High-Buy Low.
空頭時逢高賣出,逢低買進.
12.The Perfect Hedge is Short Against the Box.
放空即將擁有的股票是完美的避險.
13.Never Short a Pull Market.
文風不動的市場不可放空.
14.Never Short the Trned.
多頭時不可逆勢放空.
15.Never Buy a Stock because it Has a Low Price.
不要因為價格表面上便宜就買股票.
16.Beware the "Penny Stock".
小心低價股.
17.Give Stop Orders "Wiggle" Room.
給停損單搖擺的空間,停損單不要設得太近.
18.Buy the Stock that Splits.
買進股票分割股.
19.Institutions Show Where the Action is Now.
任何太多投資機構持有的股票,都要懷疑其買進的理由,小心爭相竄逃的風險.
20.Avoid Heavy Position in Thinly Traded Stocks.
不要在低成交量股上建立大部位,以免發生流動性風險.
21.There are At Least Two Sides to a Story.
每個故事都有正反兩面,必需縝密思考其利弊得失.
22.Follow a Few Stocks Well.
選股在精不在多.
23.Be Wary of Stock Ideas from a Neighbour.
不要聽信小道消息.
24.Get Information Before You Invest,Not After.
先蒐集資訊再投資,而非在投資之後.
25.Never Fight the Tape.
不要對抗趨勢.
The trend is your friend.
趨勢是你的朋友.
Never Fight the Fed.(Marty Zwieg)
不要對抗聯準會.
26.Heavy Volume,the price Rises;Light Volume,the price Falls.
量大價漲,量縮價跌.
27.Buy on Weskness-Sell on Strength.
弱勢時買進,強勢時賣出.
28.It is Best to Trade "At the Market".
交易時最好下市價單.
29.The type of Order Can be as important as the Order.
委託單種類的選擇和下單本身一樣重要.
30.Order Modification Might cause Delay.
改單或特殊下單可能造成延誤.
31.Remember,Others might have the same ideas.
英雄所見略同,但要小心狗熊和你的看法相同.
32.Use Limit Orders as Insurance.
限價買單可降低成本,限價賣單則增加風險.
33.Values can be Found Bottom Fishing.
逢低買進具投資價值的股票.
34.Heavily Margined-Heavily Watched.
高融資股有一天必有變.
35.Winners keep on Winning.
賺錢股總是賺個不停.
36.Indicators can meet Overriding Factors.
所有指標都有失靈的時候.
37.Take a loss quickly.
以最快速度賣掉不想要的股票.
38.Beware the triple witching hours.
提防三巫日.(三巫日指股票選擇權,指數期貨及指數選擇權一同到期的日子)
39.Buy on Monday,sell on Friday.
週一買進,周五賣出(Yale Hirsch)
認識股市在統計上的傾向和型態也有助於提升獲利.
40.Never get married to the Stock.
不要和股票結婚,很多股票抱再久也不會為你生出個子兒來.
41.Diversification is the key to portfolio management.
投資組合管理的關鍵在分散投資.
42.Partial liquidation might be the answer.
部份獲利了結通常是上策.
Retreat,till you can sleep well.(Robert Rhea)
撤退,直到你可以安穩睡覺為止.
43.Act quickly,Study at leisure.
閒暇時多研究,交易時決策要快.
44.Records can make money.
記錄股票交易可以幫你養成正確的金錢觀.
45.In most cases Fraud is unpredictable.
股票詐欺在所難免.
46.Use margin for lecerage only.
融資只適用於擴大短期部位,有失掉所有證券並欠一屁股債的風險.
47.Avoid overtrading.
避免過度操作,找出自己的操作型態.
48.Buy when there is blood in the Streets.
市場血流成河時買進.
49.Look for divergence in Trends.
道氏理論類股與大盤指數趨勢的確認.
50.Invest in What you know best.
投資你所從事行業的公司或已研究很久的行業.

取材自Michael D. Sheimo著50 Stock Market Rules一書.
(中譯:股市操作守則50)