Unmanaged travellers are typically sole traders of people working for small to medium sized companies who do not use a traditional bricks and mortar business travel agency.

一般来说，这些商务旅行者都是中小型企业的雇员，而这些企业也不会通过传统的“水泥+鼠标”旅行社来预订。

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Smart traders look for situations where a large majority does something one way, while a small, moneyed minority goes the opposite way.

当大部分人往一个方向走时，聪明的少数人则往相反的方向走。

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It attracts hordes of small traders who cannot afford to buy stocks but want a bigger bang for their buck. What usually gets banged is the option buyer's head.

很多资金量小的交易者买不起股票，他们喜欢买期权，希望期权能让自己的钱实现漂亮的一击，但更多情况下是交易者的头上受到一击。

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That, in turn, has prompted a boom in demand for small arms from freelance traders and irregular forces.

ECONOMIST: Controlling the world's guns | The

Indeed, some wonder whether America's dwindling band of free traders were wise to risk so much for so small a deal.

ECONOMIST: A small victory for free trade as CAFTA passes | The

Most were small traders buying goods for resale at home, and giving a boost as they did so to the economy of eastern Poland, the poorest part of the country.

ECONOMIST: Poland should be smart as well as tough