首页
登录
职称英语
[originaltext] There is an old saying that the market is driven by fear and g
[originaltext] There is an old saying that the market is driven by fear and g
游客
2024-03-10
11
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、How soon they recover from failures.
B、How they deal with emotions.
C、How well they use the trading skills.
D、How they see their competitors.
答案
B
解析
转载请注明原文地址:https://tihaiku.com/zcyy/3521485.html
相关试题推荐
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoadver
[originaltext]Thereisanoldsayingthatthemarketisdrivenbyfearandg
[originaltext]Thereisanoldsayingthatthemarketisdrivenbyfearandg
[originaltext]Thereisanoldsayingthatthemarketisdrivenbyfearandg
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoad
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoad
随机试题
孔子(Confucius)是一位思想家、政治家、教育家,也是中国儒学思想的创始人。儒学(Confucianism),这个道德和宗教哲学的大系统建立在孔圣人
WhichofthefollowingisINCORRECT?A、Thelastmen.B、Lotsoffood.C、Anumbero
图示受扭空心圆轴横截面上的切应力分布图中,正确的是:
在混凝土中掺入纤维材料的主要作用有()。A:微观补强 B:减少塑性裂缝 C
代谢性酸中毒的特征是A.HCO3-下降,pH下降,PaCO2正常 B.HCO3
A.下痢时发时止,夹有赤白黏冻 B.痢下赤白黏冻,白多赤少 C.下痢日久不愈
关于玻璃仪器清洗时使用的铬酸洗液叙述不正确的是A.当仪器油污过多或经长期存放未用
将糖皮质激素C位羟基酯化的目的是A.增加抗炎活性 B.增加稳定性 C.降低水
在教育宗旨问题上,梁启超主张通过教育培养A.政治家 B.学术人才 C.新国民
工程量清单计价的基础公式正确的是()。A.分部分项工程费=∑(分部分项工程量*
最新回复
(
0
)