首页
登录
职称英语
[originaltext] There is an old saying that the market is driven by fear and
[originaltext] There is an old saying that the market is driven by fear and
游客
2023-08-07
60
管理
问题
There is an old saying that the market is driven by fear and greed. Anyone that has placed more than a couple of trades will surely have experienced these two emotions.
All traders experience emotion. (23) The distinction between a successful trader and an unsuccessful trader comes down to how they deal with that emotion. Let’s look at how these emotions affect a successful trader and an unsuccessful trader in various scenarios:
(24) The trader’s three previous trades have been losers. The unsuccessful trader will consider this before placing his next trade and be fearful that this trade will also end up a loser. This might result in a delay in placing the trade whilst waiting for the price to confirm that they were right—thus missing a perfectly good entry. They might suddenly discover that some other factor, previously unconsidered, is a reason not to enter the trade at all. Basically they will be fearful of another loss.
(25) The successful trader will have tested their strategy extensively and will be aware that a series of losing trades is very probable. They will also measure their success on whether they place the trade according to their system rather than whether it is purely a winner or a loser. They trust their system and place the trade when the set-up occurs. (25) The fear is removed from the trade because they know that several losers in a row are to be expected.
Once a trade is entered it immediately moves against the trader. The unsuccessful trader will fear that they have made a mistake. They fear making another loss so they wait and hope that the market moves back in their favour. The fear of taking another loss now controls their trading decisions, they might move their stop further out so the market doesn’t take them out for a loss. They might ignore the trade, hoping that it will get back to at least breakeven—the day-trade becomes a position trade of a few days and then it becomes a long term "buy and hold" strategy.
The successful trader, of course, will know from extensive testing of his system that such trades happen and that the trade might come round or it might hit the stop. His stop is in place and it will remain in place—the system dictates where the stop is, not the trader’s fears.
The successful trader has set a target, either a certain price or a timed exit and will stick to it. If the trade only takes 5 minutes then that’s great. There’s plenty that won’t. Fear and greed are human emotions—we can’t do anything about that. But, when it comes to trading we need a way to control those emotions.
Questions 23 to 25 are based on the recording you have just heard.
23. What distinguishes a successful trader and an unsuccessful trader?
24. What may make an unsuccessful trader lose again?
25. What do successful traders think of losing trades?
选项
A、They do not make any changes about the trading skills.
B、They realize the factors of a successful trade too late.
C、They care too much about the previous failures.
D、They do not know how to communicate with others.
答案
C
解析
转载请注明原文地址:http://tihaiku.com/zcyy/2904704.html
相关试题推荐
[originaltext]Thetimeis9o’clockandthisisMarianSnowwiththenews.
[originaltext]It’salwaysfuntowriteaboutresearchthatyoucanactually
[originaltext]Amongglobalwarming’smostfrighteningthreatsisthepredic
[originaltext]Amongglobalwarming’smostfrighteningthreatsisthepredic
[originaltext]FlorenceHayesisajournalistfortheGreenVilleJournal,t
[originaltext]FlorenceHayesisajournalistfortheGreenVilleJournal,t
[originaltext]FlorenceHayesisajournalistfortheGreenVilleJournal,t
[originaltext]Somehowtheoldmaleandfemalestereotypesnolongerfit.Me
[originaltext]Somehowtheoldmaleandfemalestereotypesnolongerfit.Me
[originaltext]ThereareroughlythreeNewYorks.Thereis,first,theNewY
随机试题
[originaltext]W:Butcanwechoosethehotel?Idon’twanttogetthereandfin
[originaltext]W:HeyTom,gotasecond?M:Sure,what’sup?W:Thecompanyhas
业务核算计量尺度比会计宽,可以用货币计算,也可以用实物或劳动量计算。()
“线样式”中包含的样式,以下哪个样式是错误的?()A.线颜色 B.线性图案
()是我国汉族民间舞蹈形式。A.龙舞 B.果卓 C.手鼓舞 D.筷子舞
下列关于组胺的描述,哪一条是错误的A.组胺增加胃酸的分泌 B.组胺是脑内神经递
药物治疗疼痛的给药途径以哪种较好A.舌下含服 B.口服 C.静脉注射 D
关于罪刑法定原则,下列说法正确的有( )。A、罪刑法定原则仅体现在刑法制定上,不
下列哪种规范可以授权行政机关自行强制执行?()A.法律 B.行政法规 C.
沥青路面按矿料级配分()。A.半开级配沥青混合料 B.开级配沥青混合料
最新回复
(
0
)