除了在不同寻常的情况里，养成早些兑现你的盈利的习惯。不要折磨你自己即使你出来之后那笔交易还在赢钱。非常可能的是这不会延续很长。即使这种情况继续下去，想一想所有由于你提前平仓而避免了失去既得盈利的场合。
110. When the ship starts to sink, don't pray—jump!
一旦船开始下沉，不要祈祷——跳船！
111. Life never happens in a straight line. Any adult knows this. But we can too easily be hypnotized into forgetting it when contemplating a chart. Beware of the chartist's illusion.
生活从来就不是一条直线。每一个成年人都知道这一点。可是，当我们在观看图表时太容易被引导得忘掉这一点。警惕图表制作者创造的幻觉。
112. Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic.
乐观主义意味着期望最好的情况发生。自信心意味着知道一旦最坏的情况发生你会怎样处理。如果你只是乐观而已，千万不要轻举妄动。
113. Whatever you do, whether you bet with the herd ***against, think it through independently first.
不管你做什么，不管你是随流而下还是逆流而上，首先对你要做的事作一独立的思考。
114. Repeatedly reevaluate your open positions. Keep asking yourself: would I put my money into this if it were presented to me f***the first time today? Is this trade progressing toward the ending position I envisioned?
反复地重新衡量你的持仓头寸。不断地问自己：如果这是我今天第一次才看到的，我会投钱进去吗？这手交易是不是在向我想象的方向发展？
115. 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 ***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。
116. As a rule of thumb good trend lines should touch at least three previous highs ***lows. The more points the line catches, the better the line.
实际经验证明，一条可信的市场动向曲线应当至少三次碰到先前的高峰点或低谷点。一条曲线能抓住的接触点越多，这条曲线就越可信。
117. Volume ***open interest are as important to the technician as price.
