“华尔街爱因斯坦”揭秘：纽交所最著名交易员的成功与失败：英语精读讲义

Heads is the bull, and tails is the bear. 用詞

正面是牛，反面是熊。

And tails is the bear.

而反面是熊。

Tails.

反面。

You're going to show us your trading desk.

你要带我们看看你的交易台。

Let's go.

走吧。

Peter Tuchman is one of the most famous traders

Peter Tuchman 是最著名的交易员之一，

on the floor of the New York Stock Exchange. 文化背景

活跃在纽约证券交易所的交易大厅里。

He's known as the Einstein of Wall Street 習語

他被誉为“华尔街爱因斯坦”，

and not just because of his looks.

而且不只是因为他的长相。

The excitement, the adrenaline.

那种兴奋，那股肾上腺素。

We are the last human marketplace in the world.

我们是世界上最后一个保留真人交易的市场。

So what's important is

所以，关键在于……

He showed us why coming to the floor

他向我们展示了，为什么来到交易大厅

still gives traders like him an edge 短語搭配

仍能让像他这样的交易员占据优势，

over people trading from home.

胜过那些在家交易的人。

How you doing? 語氣意圖

你怎么样？

Good.

挺好。

Um so this is me.

嗯，这就是我。

This is my spot.

这是我的位置。

So I'll give you a little breakdown of what we do here. 短語搭配

我来简单介绍一下我们在这里做什么。

This character was done of me back about seven years ago.

这个以我为原型的形象，大约是七年前创作的。

It's become my brand.

它已经成了我的个人标志。

Your first time

你第一次

that you came on this floor and you stood here.

来到这个交易大厅、站在这里时，

Do you remember the emotion that you felt and what was it?

还记得当时的感受吗？那是什么感觉？

100%.

百分之百记得。

And I I came on the floor.

当时我……我走进了交易大厅。

I had gotten a summer job. 語法

我找到了一份暑期工作。

I was working under the podium there.

就在那边的讲台下面工作。

It was a bit of fear and excitement,

当时既有一点害怕，又很兴奋，

but the adrenaline came out and it was roaring

但肾上腺素一下子涌了出来，仿佛在咆哮，

and I just said I I I found where I want to spend the rest of my life.

我就说：“我……我……我找到了想度过余生的地方。”

It couldn't have been more clear. 語法

再清楚不过了。

You guys all right?

你们都还好吧？

I've been doing this for 40 years. 語法

我干这一行已经40年了。

In 1985 when I started here,

1985年，我刚来这里时，

I was a teletypist.

我是一名电传打字员。

I went on to be a clerk 短語動詞

后来我当上了文员，

and my goal was to become a broker,

而我的目标是成为经纪人，

basically a trader.

基本上也就是交易员。

I still get butterflies in my stomach every morning 習語

每天早上，我心里还是会紧张得七上八下，

when I come into work.

每当我来上班时都是如此。

It's like being in the Super Bowl. 習語

就像置身“超级碗”赛场一样。

We are more relevant now than ever 語法

如今，我们的重要性比以往任何时候都高，

as brokers on the floor of the stock exchange

我指的是证券交易所大厅里的经纪人。

because the more technology you use,

因为你使用的技术越多，

people tend to get detached from the reality 短語搭配

人们往往就越容易脱离现实，

of the human part of the market,

忘了市场中还有“人”的一面，

but the human element here is what made this place.

但正是这里的“人”造就了这个地方。

I have a trading strategy which I trade

我有一套自己的交易策略，

on the close around the imbalances that only come 用詞

会在收盘时，围绕那些只会传到

to the floor of the stock exchange.

证券交易所大厅的订单失衡信息进行交易。

That's one of the reasons I'm here every day

这也是我每天都来这里的原因之一，

because what we do and I do down here

因为我们在这里做的事，尤其是我做的事，

cannot be done off floor.

离开交易大厅就根本做不了。

And so I take that information,

所以，我会获取这些信息，

I analyze it and I convey it to the customers

加以分析，再传达给客户，

in a compliant way so that they're able to have some kind of an edge to trade the marketplace. 用詞

并确保合规，让他们在市场交易中获得某种优势。

Then there came a wave of selling that sent the 2,000 men 表達脈絡

随后，一波抛售袭来，让2000名男子

on the floor of the New York Stock Exchange

在纽约证券交易所的交易大厅里

scurrying from

慌忙奔走……

In the old days

过去，

during open outcry on the floor of the stock exchange 文化背景

证券交易所大厅还采用公开喊价交易时，

when there were thousands of people down here

这里有成千上万的人

trading and screaming and yelling.

一边交易，一边大喊大叫。

If there was ever a discrepancy or an argument around a trade,

如果某笔交易出现任何分歧或争执，

you called in a governor 文化背景

你就会叫来一名交易所理事，

and a governor had what's called a flipping coin.

理事手里有一枚所谓的“裁决硬币”。

Whether it was a $10 problem, 語法

无论争议金额是10美元，

a million dollar problem or whatever it was,

还是100万美元，或其他任何数额，

you had to flip the coin

你都必须抛硬币，

and you had to live by the solution. 短語動詞

并接受它给出的裁决。

So I've had this in my pocket for a long time,

所以，这枚硬币我已经揣在口袋里很久了，

for 37 years.

整整37年。

Is it reversing?

行情要反转了吗？

No, market's getting smacked. 用詞

没有，市场还在暴跌。

How did you survive it for four decades?

这四十年你是怎么挺过来的？

How did you last?

你是怎么坚持下来的？

I've had to reinvent myself many times. 短語搭配

我不得不一次又一次重塑自己。

I've had to sort of bob and weave. 習語

我得不断见招拆招。

I had to be flexible.

我必须保持灵活。

A lot of the people who I started out here with 短語動詞

很多当初和我一起在这里起步的人

are no longer here.

如今已经不在这里了。

Either they retired or they were not able to reinvent themselves. 語法

他们要么退休了，要么没能完成自我转型。

There has been a huge transition

这些年来，发生了巨大的转变，

over the years of what a floor trader does.

场内交易员的工作已经大不相同。

We're standing,

我们正站在这里，

you know, in a place that in 1650,

要知道，这个地方早在1650年，

you know, they were trading stocks outside under the buttonwood tree. 文化背景

人们就在外面的梧桐树下交易股票。

In 1903,

到了1903年，

they built this building.

他们建起了这座大楼。

We need to acknowledge that every industry

我们必须承认，各行各业

has been outsourced a little bit by technology.

都或多或少有些工作被技术取代了。

We still have a plethora of human beings here. 用詞

但这里依然有大量真人参与交易。

What is the most problematic emotion that you deal with 短語動詞

你在交易时需要应对的情绪中，

when you are trading?

哪一种最棘手？

Obviously, fear, right?

显然是恐惧，对吧？

The greatest emotion of all.

这是所有情绪中最强烈的一种。

One of the biggest problems that day traders have

日内交易者面临的最大问题之一，

is they get emotional about money. 短語搭配

就是他们太容易被金钱牵动情绪。

They get emotional about a trade.

他们也会因为一笔交易而情绪化。

But it's money.

可钱终究只是钱。

You make it, you lose it. 表達脈絡

有赚，也有赔。

What was the biggest failure that you learned the most from? 語法

哪一次重大失败让你学到的东西最多？

In 2006,

2006年，

I literally spent 2 years not making any money. 語法

我整整两年一分钱都没赚到。

The market was going into a rough time.

当时市场正进入一段艰难时期。

And so for me,

所以对我来说，

it was really a struggle to find customers, 語法

找客户真的很难，

to find business.

招揽业务也很难。

We were also going into a bit of a transition

当时我们也正经历一场转型，

with technology entering into the marketplace.

因为技术开始进入市场。

You really had to go out there and fight for the business.

你真的必须走出去，拼命争取业务。

And yet I got up every morning. 表達脈絡

可我每天早上还是照常起床。

I knew opportunity was not going to find me, 習語

我知道，机会不可能主动找到我，

you know, cowering at home

如果我只是畏缩在家里，

in bed feeling sorry for myself. 短語搭配

躺在床上自怨自艾。

I figured one day things are going to turn

我想，总有一天局面会好转，

and in fact they did.

事实上，也确实如此。

Did you ever have doubt that you weren't going to make it? 習語

你有没有怀疑过，自己可能熬不过去？

Oh, absolutely.

哦，当然，绝对有。

My parents are Holocaust survivors. 文化背景

我的父母是纳粹大屠杀幸存者。

They found each other,

他们找到了彼此，

fell in love and came to America

相爱并来到了美国，

and and got their American dream. 文化背景

实现了自己的美国梦。

So they were two people

所以，他们两个人

that really woke up with gratitude.

每天醒来时都心怀感恩。

You know, you can live in in fear

你可以活在恐惧中，

or you can live in faith 表達脈絡

也可以心怀信念；

and you can live in victim mode

你可以以受害者心态活着，

or you can live in gratitude.

也可以怀着感恩之心生活。

What is your favorite indicator or indicators on a chart?

图表上的指标中，你最喜欢哪一个或哪几个？

Well, first of all,

嗯，首先，

I'll tell you that the S&P 500

我得告诉你，标普500指数

for me is the most exciting indices.

对我来说是最令人兴奋的指数。

It is a basket of 500 stocks. 用詞

它由500只股票组成。

It really sort of tracks the movement of the market 用詞

它基本能反映市场、

and the economy and the globe.

经济乃至全球的走势。

And so I love that.

所以我很喜欢它。

There are multiple indices that are super important,

还有很多技术指标也极其重要，

whether it's exponential moving averages, 表達脈絡

无论是指数移动平均线，

whether it's pivot points,

还是枢轴点，

whether it's the RSI relative strength index. 文化背景

或是RSI，即相对强弱指数。

You have to look at all of them together.

你必须把它们结合起来看。

I would say moving averages and the RSI are the most important 語氣意圖

我认为移动平均线和RSI最重要，

because they basically are the market.

因为它们基本上就代表了市场。

They represent support and resistance. 文化背景

它们体现支撑位和阻力位。

They represent oversold and overbought conditions. 文化背景

也体现超卖和超买状态。

So as a day trader for those who day trade,

所以，对于做日内交易的人来说，

that is the necessity to identify that

识别这些状态是必不可少的，

to really get your most out of a trade. 語法

这样才能从一笔交易中获得最大收益。

My advice to day traders is

我给日内交易者的建议是：

don't make decisions based on economic data and earnings. 短語搭配

不要根据经济数据和公司财报来做决定。

Don't trade on FOMO and hype. 用詞

不要在害怕错过和市场炒作的驱使下交易。

Who's Peter Tuchman outside of the trading floor?

交易大厅之外，Peter Tuchman 是什么样的人？

I used to run a record store in the in 1980. 語法

1980年，我曾经营过一家唱片店。

Jazz was a big part of my world.

爵士乐在我的生活中占据着重要位置。

I was also in the food business.

我也做过食品生意。

I had a hot sauce company back in the '90s.

20世纪90年代，我经营过一家辣酱公司。

Art is a big passion.

我也非常热爱艺术。

I love to inspire and mentor young artists as well.

我也喜欢激励和指导年轻艺术家。

You know, I'm

你知道，我……

I don't sleep that much.

我不怎么睡觉。

I am the ambassador of the stock exchange in so many ways.

从很多方面来说，我都是纽约证券交易所的形象大使。

This is my home.

这里就是我的家。

I eat, drink, sleep the stock market 習語

我吃饭、喝水、睡觉，满脑子都是股市，

and so I'm glad we could let you in. 短語動詞

所以很高兴能让你进来看看。

Boom!

砰！