成功投资规则

如果能认真地遵守所有这些规则（不仅仅是你喜欢的），那么你的投资成果应该会有极大的提高。

 

1. Consider buying stocks with each of the last three years' earnings up 25%+, return on equity of 17%+ and recent earnings and sales accelerating.
   考虑购买这样的股票，其最近三年每年收益增长25%以上，净资产收益率17%以上，最近的收益和销售都在加速增长。
2. Recent quarterly earnings and sales should be up 25% or more.
   最近季度收益和销售应该增长25%以上。
3. Avoid cheap stocks. Buy higher quality stocks selling $15 a share and higher.
   远离廉价股票。购买较高质量的股票，其每股售价在$15以上。
4. Learn how to use charts to see sound bases and exact buy points.
   学会如何使用图表来发现健全的底部和精确的买入点。
5. Cut every loss when it's 8% below your cost. Make no exceptions so you can always avoid huge, damaging losses. Never average down in price.
   当股票价格低于你的成本8%时，务必止损。不能有例外，这样你总能避免巨大的、破坏性的损失。永远不要降低均价。
6. Follow selling rules on when to sell and take profit on the way up.
   何时买出，要遵守买出规则，在上升的途中获取利润。
7. Buy when market indexes are in an uptrend. Reduce investments and raise cash when general market indexes show five or more days of volume distribution.
   在大盘指数处于上升趋势时买入。当大盘指数显示5天或更多天成交量处于出货时， 降低投资并增加现金。

8.  Learn how to recognize important tops and bottoms in market indexes.
    学习如何识别大盘指数的重要顶部和底部。

9. Pick companies with management ownership of stock.
   选择那些管理层持股的公司。

10. Select stocks with increasing institutional sponsorship in recent quarters.
    选择在最近季度中，日益受到机构青睐的股票。

11. Current quarterly after-tax profit margins should be improving, near their peak and among the best in the stock's industry
    当季的税后利润应该在提高，接近其峰值，并且是其所在产业中的最佳股票。

12.  Don't buy because of dividends or P-E ratios.
    不要因为分红和PE率的原因而购买股票。

13.  Pick companies with a superior new product or service.
    选择那些具有一流新产品或服务的公司。

14.  Invest mainly in entrepreneurial New America companies. Pay close attention to those with an IPO in the past 8 years.
    主要投资于具有创业精神的新的美国公司。仔细留意那些在过去8年公开发行的公司。

15.  Check into companies buying back 5% to 10% of their stock and those with new management.
    深入核查那些回购其5%-10%股票的公司以及那些有新管理层的公司。

16.  Don't try to bottom guess or buy on the way down. Never argue with the market. Forget your pride and ego.
    不要试图猜测底部，或在下跌的途中购买。永远不要与市场相争。忘掉你的自尊与自我。

17.  Find out if the market currently favors big-cap or small-cap stocks.
    找出市场是青睐大盘股还是小盘股。

18.  Do a post-analysis of all your buys and sells. Post on charts where you bought and sold each stock. Evaluate and develop rules to correct your major past mistakes.
    对你所有的买卖做事后分析。在图中标出你每支股票的买卖点。评估并制定规则，来改正你过去所犯的主要错误。