有条理的交易者跟踪自己的市场，不管此时有没有交易。当他看见没精打采的趋势在压力区磨磨蹭蹭时，他提前买入；当业余选手在上涨时挤进场时，他兑现利润，卖给懒惰的后来者。认真的交易者总是走在游戏的前面，因为他每天都在做功课。
How much time will you need？ For every stock you must get a handle on its key fundamentals； including its industry group。 For futures； there are the additional factors of supply and demand； seasonals； and spreads between delivery months。 You need to make a calendar of events that may impact your market； such as Federal Reserve announcements or earnings reports。 You need to study weekly charts for the past several years and daily charts for at least a year。 You need to apply indicators； learn which work best with that market； and test their parameters。
你需要多少时间？对于每只股票，你要掌握它的关键基本面，包括它属于哪个行业。对于期货，还要分析供应和需求因素，季节因素，交割期的价差因素。你还要一个标有重大事件的日历，也许对市场会有冲击，比如美联储的宣布，收益报告。你必须研究过去几年的周线图，你必须研究至少一年的日线图。你需要使用指标，研究哪个效果最好，还要测试参数。
Unless you are a genius or a speed demon； it is hard to acplish this in less than two hours。 And that is just an entry fee into any trading vehicle。 Afterward the daily grind begins。 A serious trader reviews weekly and daily charts each day。 You have to pare your market with other related ones。 You have to make daily notes and write down your plans for the day ahead。 To do this properly； you’ll need at least 15 minutes per stock or future。
除非你是天才或魔鬼，完成这些工作至少要2个小时。这就是交易的入门费。痛苦的还在后面，认真的交易者还要每天分析周线图和日线图。你必须把这个市场和相关市场进行对比。你必须每天写日记，提前一天写下你的交易计划。要想把这做好，每只股票或期货至少需要15分钟。
And this is in a fairly routine day。 What about the day when your market hits support or resistance； or breaks out of its trading range； and a trade seems imminent？ Then you might spend closer to an hour analyzing it； measuring risk and reward； and deciding on your entry points and profit targets。
这是每天的例行工作。如果哪天市场碰到了支撑区，压力区，横盘突破，在这些即将来临的交易面前该怎么办？那么你要多花1个小时分析它，计算风险和回报，决定进场点和利润目标。
So let us turn the question around： If you have an hour a day for analysis； how many markets should you follow？ Three； maybe four。 If you have two hours； you may be able to follow six； eight； or even ten。 The ABC system for organizing homework may allow you to double the number of markets。 Whatever you do； remember； quality is more important than quantity。
所以，我们换个问法：如果你每天只有一个小时做分析，你可以分析几个市场？3个，也许4个。如果你有2个小时，你也许可以分析6，8，10个。有组织的功课使用的ABC系统可以让你分析1倍多的市场。不管你做什么，记住，质量比数量远远重要。
Before you add a stock to your list； decide whether you have enough time to track it； day in and day out。 You may skip a day once in a while； but even then you should at least glance at your markets。 Daily homework is essential； and the number of markets you may follow depends on how much time you have each day。 When we get out of touch； we grow cold。 Even professionals take a few days to get back in touch with their markets after a vacation。 These are the stages of development：
在你增加自选股之前，要决定是否每天有足够的时间来跟踪它。有时，你会错过一天，但即使如此，你也要扫一眼你的市场。每天的功课很关键，你每天的时间越多，能跟踪的市场就越多。当人们不再联系，感情就淡了。即使专业人士休假了，他回来后也要花几天熟悉市场。以下是发展的阶段：
Beginner： At the start； track approximately six； but no more than 10 trading vehicles。 You can always add more later。 It is better to start with fewer markets and follow them well than to start with a lot and fall behind。
新手：刚开始可以跟踪6个，但不会超过10个市场。以后可以加多。最好是一开始少跟踪几个，并跟踪好，这比一开始跟了一把，但都没跟好强。
Daily homework is essential for developing a feel for the markets。 Allocate time to study your markets each day。 Even if you e home late at night from your job or a party； you can still find 10 minutes to download the data and glance at your five or six stocks。 You can update your mental picture of them even if you don’t plan to trade them tomorrow。 A beginner who follows too many stocks bites off more than he can chew； falls behind； and bees demoralized。 Better to follow a small number； get to know them well； and add more later。
每天的功课很关键，为了形成市场感觉。每天分配时间研究市场。即使你工作或聚会的原因回来很晚了，你也要挤10分钟下载数据，看5，6只股票。即使第二天你不交易它们，这样看看也能在大脑里面给他们拍照了。新手跟踪很多股票，等于一次吃太多东西，会落后，变得意志消沉。最好少跟踪几个股票，多了解它们，以后再多跟踪。
Intermediate： You may track several dozen stocks or futures at this stage。 Analyzing each will take just as much time as it did when you were a beginner； but you’ll analyze them more deeply。 A serious amateur or a semiprofessional trader can use his time more efficiently with the help of the ABC Rating System （see next page）。
中等水平：在这个阶段，你可以跟踪几十个股票或期货。所花的时间和新手时花的时间一样多，但是你可以更深入地研究。认真的业余选手或半专业交易者可以利用ABC评分系统实现高效率。
Some good traders choose not to expand the number of stocks or futures they trade。 A person might concentrate only on soybeans and their products； or only currencies； or only five or six technology stocks。 In addition to analyzing your markets； expect to spend a minimum of five to six hours a week reading books and articles and interacting with other traders on the Internet。
一些优秀的交易者并不想扩大自己交易的股票和期货数量。一个人也许会聚焦于大豆和相关产品，或仅仅是外汇，或仅仅是5，6个科技股。除了分析市场，每周至少还要花5，6个小时看书，看文章，在网上和其它交易者交流。
After about a year or longer at this stage you will face an important choice： to treat trading as a mildly profitable hobby or to try to rise to the professional level。 In that case； you will need to dedicate more time to trading。 You will have to make sacrifices in other areas of your life and spend at least four to six hours a day working in the markets。
在这个阶段一年或更长时间以后，你要面对一个重要选择：把交易当作赚钱的还好，还是尽力做到专业的水平。如果专业做，你需要更多的时间。在需要在其它领域牺牲时间，每天花在市场的时间至少是4——6个小时。
Professional： people who trade for a living tend to drop other professional interests。 The markets demand time and attention； and money management is more challenging because the account is much bigger。
专业人士：以交易为生的人一般会放弃其它专业兴趣。这个市场需要时间和关注，当账户很大时，资金管理会变得很难。
A professional trader almost always uses some version of the ABC Rating System； unless he chooses to trade just a handful of markets。 He spends more time researching the markets。 At the same time； he reviews them faster； thanks to his greater level of expertise。 He spends several hours each week reading； deepening his analysis and improving his money management； and also keeping track of new developments on the Internet。
专业交易者机会总是使用类似ABC打分系统，除非他交易的市场太多了。他用更多的时间研究市场。同时，感谢他的丰富经验，他可以很快地研究市场。他每周需要几个小时阅读，加深他的分析能力，提高他的资金管理能力，还要跟踪网上的新发展。
The rewards are very good at this stage； but a professional who has put years into getting there does not bee intoxicated with the results。 He lives very well； but continues to work harder than most beginners。 Traders at this level love the markets and derive a great deal of satisfaction from them； like skiers enjoy tall mountains。
在这个阶段回报很高，但花了几年心血的专业人士不会为这个结果而陶醉。他活的很好，但还要比大多数新手努力工作。这个水平的交易者爱这个市场，对这个市场感到满足，就像滑雪的人喜欢高山一样。
Managing Time with the ABC Rating System
ABC评分系统的时间
Markets generate colossal volumes of information。 No human can process all the available data。 No one can have in mind all the fundamental values； the economic trends； the technical indicators； the intraday action； and the buying and selling by insiders and market makers while making a trading decision。 We want to be thorough in our research； but it can never be plete。 We need to select a relatively small number of markets and design a trading plan in order to channel the ining information into a more manageable stream。
市场会知道大量的信息。没有任何人可以消化这么多数据。没有人可以记住所有的基本价值，经济趋势，技术指标，日内波动，内部的买卖，做市商的买卖，同时还能做交易决定。我们想研究透彻，但永远不会透彻。我们需要选择少量的市场，设计一个交易计划，这样可以把涌进来的信息变成可以管理的信息流。
Trading is not about being brilliant； not about making forecasts； and not about scanning a huge universe of trading vehicles。 Trading is about managing … our capital； our time； our analysis； and ourselves。 If we manage right； we’ll grind out profits。
交易不是为了出名，不是为了做预测，不是为了研究庞大的交易对象。交易就是管理——我们的资金，我们的时间，我们的分析，我们自己。如果管理正确，利润就来了。
Managing time is an important aspect of success。 Find out how much time you need； depending on your personal style； to research a new market and track it daily。 The ABC Rating System is designed to deliver major time savings； allowing you to track and trade more markets in the same time。 This system is not for beginners； but an intermediate or expert trader can definitely benefit from it。
管理时间是成功的重要方面。根据你的个人风格，找出你研究新市场，跟踪市场需要的时间。设计ABC评分系统是为了节约大量时间，让你在同样的时间内跟踪，交易更多的市场。这个系统不是为新手准备的，中等水平或专业的交易者一定会从中收益。
The ABC Rating System； shown to me by D。 Guppy； is a system for managing time。 It helps us concentrate on the markets in which a trade seems imminent and spend less time in less promising markets。 The ABC system calls for a quick weekly review of all stocks or futures that you track and sorting them into three groups： A for those you think you might trade tomorrow； B for those you think you may trade later in the week； and C for those you do not expect to trade in the ing week。
ABC评分系统是D·顾比告诉我的，它是时间管理系统。他帮助我们专注于即将启动的市场，对希望不大