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
17
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、It is highly probable.
B、It could be avoided.
C、It must be ignored.
D、It is good experience.
答案
A
解析
转载请注明原文地址:https://tihaiku.com/zcyy/3521487.html
相关试题推荐
[originaltext]Thereisanoldsayingthatthemarketisdrivenbyfearandg
[originaltext]Thereisanoldsayingthatthemarketisdrivenbyfearandg
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoad
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoad
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoad
[originaltext]Givingagoodpresentationisallaboutthesimplethings—know
随机试题
WhichofthefollowingstatementsaboutWestNilevirusisCORRECT?[originaltex
EffectiveFriday,ScreenActorsGuild-AmericanFederationofTelevisionandR
Theplanefoundthespotandhoveredcloseenoughto______thatitwasacar.A、en
卫生信息系统
下列关于摊晾法的叙述,不正确的是A.将中药放在日光下摊开即可B.适用于芳香类药材
凉开剂中清热解毒之力最强的方剂是A:安宫牛黄丸B:牛黄清心丸C:紫雪丹D:
推进经济社会发展的重要目标是()。A.共谋发展的法治环境 B.平等竞争 C
有效的信用风险监测体系应实现的目标有()。A.监测对合同条款的遵守情况 B.
醋炙延胡索增强止痛作用的原理是()A.醋与其中的生物碱结合,减少其副作用
根据票据法律制度的规定,下列属于变造票据行为的有()。A.涂改出票金额 B.
最新回复
(
0
)