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
2024-03-10
54
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:https://tihaiku.com/zcyy/3520964.html
相关试题推荐
[originaltext]M:Right,Iguessyou’vegotsomeideasforourproductpromotion
[originaltext][23]Americanswhoremember“thegoodolddays”arenotalonein
[originaltext][20]Thereisnodoubtthatadults,andevenhighlyeducatedadul
[originaltext][20]Thereisnodoubtthatadults,andevenhighlyeducatedadul
[originaltext]Hi,everybody.It’sthemostwonderfultimeoftheyear.Notjust
[originaltext]Hi,everybody.It’sthemostwonderfultimeoftheyear.Notjust
[originaltext][13]Atfirst,mostAmericansdidn’tthinktherewasanythingpar
[originaltext][13]Atfirst,mostAmericansdidn’tthinktherewasanythingpar
[originaltext][13]Atfirst,mostAmericansdidn’tthinktherewasanythingpar
[originaltext]Wethinkofaerobicsasbeingahighimpactactivitybutactually
随机试题
Onthewaytothecompany,becausetheroadwasblockedbyatrafficaccident,t
知识经验在人脑中记载或表达的方式成为()A.编码 B.表征 C.短时记忆
“设计·应用”领域是指运用一定的物质材料和手段,围绕一定的目的和用途进行设计与制
瞬态诱发性耳声发射消失所需纯音听阈为:()A.10dBHL B.20
血液检验中,下列哪一项指标的参考值无性别差异A.红细胞计数B.白细胞计数C.血红
国家以国有企业资本出资人身份获得的与该资本运营和处置有关的净收益是:A:国有资源
薪酬管理的公平目标不包括()。A.对内公平 B.对外公平 C.策略公平
期权是期货的一种。( )
在技术交易过程中,卖者技术交易程序的首要步骤是( )。A.根据市场需求和经营机
主要用于石油化工耐腐蚀耐压容器及管道的非金属制品是( )。A.橡胶制品 B.陶
最新回复
(
0
)