「華爾街愛因斯坦」揭秘：紐交所最著名交易員的成功與失敗：英語精讀講義

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

正面是牛，反面是熊。

And tails is the bear.

反面則是熊。

Tails.

反面。

You're going to show us your trading desk.

你要帶我們看看你的交易台。

Let's go.

走吧。

Peter Tuchman is one of the most famous traders

Peter Tuchman 是最知名的交易員之一，

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

他在紐約證券交易所的交易大廳工作。

He's known as the Einstein of Wall Street 慣用語

他有「華爾街愛因斯坦」之稱，

and not just because of his looks.

而且可不只是因為他的長相。

The excitement, the adrenaline.

那種興奮，那股腎上腺素。

We are the last human marketplace in the world.

我們是全世界僅存、由真人面對面交易的市場。

So what's important is

所以，重要的是——

He showed us why coming to the floor

他讓我們看見，為什麼親自來到交易大廳

still gives traders like him an edge 片語搭配

仍能讓他這樣的交易員占有優勢，

over people trading from home.

勝過那些在家交易的人。

How you doing? 語氣意圖

你好嗎？

Good.

很好。

Um so this is me.

嗯，這就是我。

This is my spot.

這裡就是我的位置。

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

我來簡單說明一下，我們在這裡做些什麼。

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

這個以我為原型的卡通人物，大約是七年前畫的。

It's become my brand.

它已經成了我的個人品牌。

Your first time

你第一次

that you came on this floor and you stood here.

來到這個交易大廳、站在這裡時，

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

還記得當下是什麼感受嗎？

100%.

百分之百記得。

And I I came on the floor.

我當時走進交易大廳。

I had gotten a summer job. 文法

我找到了一份暑期工作。

I was working under the podium there.

我就在那邊的台子底下工作。

It was a bit of fear and excitement,

當時既有點害怕，又很興奮，

but the adrenaline came out and it was roaring

但腎上腺素湧了上來，現場一片沸騰，

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

我就告訴自己：我找到想度過餘生的地方了。

It couldn't have been more clear. 文法

一切再清楚不過。

You guys all right?

你們都還好嗎？

I've been doing this for 40 years. 文法

這行我已經做了 40 年。

In 1985 when I started here,

1985 年我剛來這裡時，

I was a teletypist.

我是一名電傳打字員。

I went on to be a clerk 片語動詞

後來我又當了交易助理，

and my goal was to become a broker,

而我的目標是成為經紀人，

basically a trader.

基本上就是交易員。

I still get butterflies in my stomach every morning 慣用語

每天早上，我還是會緊張得心裡七上八下——

when I come into work.

就在我走進來上班的時候。

It's like being in the Super Bowl. 慣用語

就像置身超級盃一樣。

We are more relevant now than ever 文法

如今，我們比以往任何時候都更重要，

as brokers on the floor of the stock exchange

身為證券交易所大廳裡的經紀人。

because the more technology you use,

因為你使用的科技越多，

people tend to get detached from the reality 片語搭配

人們往往就越容易與現實脫節，

of the human part of the market,

忽略市場中屬於人的那一面，

but the human element here is what made this place.

但正是這裡的真人互動，造就了這個地方。

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

就是在收盤時，鎖定那些只會傳到

to the floor of the stock exchange.

證券交易所場內的買賣委託失衡資訊。

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

這正是我每天都來這裡的原因之一，

because what we do and I do down here

因為我們、包括我在這裡做的事，

cannot be done off floor.

離開交易大廳就做不到。

And so I take that information,

所以，我取得這些資訊後，

I analyze it and I convey it to the customers

會加以分析，再傳達給客戶，

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

一切都符合法規，讓他們在市場交易時能多占一點優勢。

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

接著，一波賣壓襲來，讓兩千名男子

on the floor of the New York Stock Exchange

在紐約證券交易所的交易大廳裡

scurrying from

匆忙地從……

In the old days

以前，

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

證券交易所大廳還採公開喊價時，

when there were thousands of people down here

這裡有數千人，

trading and screaming and yelling.

一邊交易，一邊大吼大叫。

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

只要某筆交易出現任何出入或爭議，

you called in a governor 文化背景

你就會請一位交易所理事過來，

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

而理事手上會有一枚所謂的裁決硬幣。

Whether it was a $10 problem, 文法

不管爭議金額是 10 美元，

a million dollar problem or whatever it was,

100 萬美元，還是其他金額，

you had to flip the coin

你都得擲硬幣，

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

而且必須接受硬幣給出的結果。

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

所以這枚硬幣在我口袋裡放了很久，

for 37 years.

整整 37 年。

Is it reversing?

市場要反轉了嗎？

No, market's getting smacked. 用詞

沒有，市場正遭到重挫。

How did you survive it for four decades?

這四十年來，你是怎麼撐過來的？

How did you last?

你怎麼能做這麼久？

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

我不得不一次又一次重塑自己。

I've had to sort of bob and weave. 慣用語

我得不斷閃躲、見招拆招。

I had to be flexible.

我必須保持彈性。

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

很多當年和我一起從這裡起步的人

are no longer here.

現在都已經不在了。

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

他們不是退休了，就是沒辦法讓自己轉型。

There has been a huge transition

這些年來，發生了巨大的轉變，

over the years of what a floor trader does.

場內交易員的工作早已今非昔比。

We're standing,

我們現在站的地方，

you know, in a place that in 1650,

你知道，在 1650 年時，

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

人們還在戶外的梧桐樹下交易股票。

In 1903,

到了 1903 年，

they built this building.

他們蓋起了這棟建築。

We need to acknowledge that every industry

我們必須承認，每個產業

has been outsourced a little bit by technology.

多少都把一部分工作交給了科技。

We still have a plethora of human beings here. 用詞

這裡仍然有大量真人參與。

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

你最難應付的是哪一種情緒，

when you are trading?

當你在交易的時候？

Obviously, fear, right?

當然是恐懼，對吧？

The greatest emotion of all.

那是所有情緒中最強大的。

One of the biggest problems that day traders have

當沖交易者最大的問題之一，

is they get emotional about money. 片語搭配

就是太容易因為金錢而情緒化。

They get emotional about a trade.

他們也會因一筆交易而情緒化。

But it's money.

但錢就只是錢。

You make it, you lose it. 表達脈絡

你會賺錢，也會賠錢。

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

哪一次最大的失敗，讓你學到的東西最多？

In 2006,

2006 年時，

I literally spent 2 years not making any money. 文法

我真的整整兩年一毛錢都沒賺到。

The market was going into a rough time.

市場開始陷入一段艱困期。

And so for me,

所以對我來說，

it was really a struggle to find customers, 文法

要找到客戶真的很難，

to find business.

要找到生意也很難。

We were also going into a bit of a transition

當時我們也正進入一段轉型期，

with technology entering into the marketplace.

科技開始進入市場。

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

你真的得走出去，拚命爭取生意。

And yet I got up every morning. 表達脈絡

但我依然每天早上起床。

I knew opportunity was not going to find me, 慣用語

我知道，機會不會自己找上我，

you know, cowering at home

如果我只畏縮在家，

in bed feeling sorry for myself. 片語搭配

躺在床上自怨自艾。

I figured one day things are going to turn

我想，總有一天事情會出現轉機，

and in fact they did.

而事實上，真的出現了轉機。

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

你有沒有懷疑過，自己可能不會成功？

Oh, absolutely.

喔，當然有。

My parents are Holocaust survivors. 文化背景

我的父母是納粹大屠殺的倖存者。

They found each other,

他們找到了彼此，

fell in love and came to America

相愛後來到美國，

and and got their American dream. 文化背景

實現了他們的美國夢。

So they were two people

所以，他們兩個

that really woke up with gratitude.

每天醒來時，心中都充滿感恩。

You know, you can live in in fear

你知道，你可以活在恐懼中，

or you can live in faith 表達脈絡

也可以心懷信念地活著；

and you can live in victim mode

你可以讓自己活在受害者心態裡，

or you can live in gratitude.

也可以懷著感恩生活。

What is your favorite indicator or indicators on a chart?

在圖表上，你最喜歡哪一項或哪些技術指標？

Well, first of all,

嗯，首先，

I'll tell you that the S&P 500

我得說，S&P 500 指數

for me is the most exciting indices.

對我來說是最令人興奮的指數。

It is a basket of 500 stocks. 用詞

它包含一籃子共 500 檔股票。

It really sort of tracks the movement of the market 用詞

它大致反映了整體市場的走勢，

and the economy and the globe.

也反映經濟與全球局勢的變化。

And so I love that.

所以我很喜歡它。

There are multiple indices that are super important,

有好幾種指標都非常重要，

whether it's exponential moving averages, 表達脈絡

不論是指數移動平均線，

whether it's pivot points,

還是樞軸點，

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

或是 RSI 相對強弱指標。

You have to look at all of them together.

你必須把它們放在一起看。

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

我認為移動平均線和 RSI 最重要，

because they basically are the market.

因為它們基本上就是市場本身。

They represent support and resistance. 文化背景

它們代表支撐與壓力。

They represent oversold and overbought conditions. 文化背景

也代表超賣與超買的狀態。

So as a day trader for those who day trade,

所以，對從事當沖交易的人來說，

that is the necessity to identify that

一定要能辨識出這些狀況，

to really get your most out of a trade. 文法

才能真正把一筆交易的效益發揮到最大。

My advice to day traders is

我給當沖交易者的建議是：

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

不要根據經濟數據和企業獲利做決定。

Don't trade on FOMO and hype. 用詞

別因為 FOMO（錯失恐懼）和炒作而交易。

Who's Peter Tuchman outside of the trading floor?

離開交易大廳後的 Peter Tuchman，是個怎樣的人？

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

我曾在 1980 年經營一家唱片行。

Jazz was a big part of my world.

爵士樂是我世界裡很重要的一部分。

I was also in the food business.

我也做過食品生意。

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

90 年代時，我還開過一家辣醬公司。

Art is a big passion.

我對藝術充滿熱情。

I love to inspire and mentor young artists as well.

我也喜歡啟發、提攜年輕藝術家。

You know, I'm

你知道，我這個人……

I don't sleep that much.

我不太睡覺。

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

從很多方面來說，我都是這間證券交易所的大使。

This is my home.

這裡就是我的家。

I eat, drink, sleep the stock market 慣用語

我吃飯、喝水、睡覺，滿腦子都是股市，

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

所以很高興我們能讓你進來看看。

Boom!

砰！