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
26
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/3521488.html
相关试题推荐
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoadver
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoadver
[originaltext]Thereisanoldsayingthatthemarketisdrivenbyfearandg
[originaltext]Thereisanoldsayingthatthemarketisdrivenbyfearandg
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Givingagoodpresentationisallaboutthesimplethings-knowled
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoad
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoad
[originaltext]Ifyouwanttobuildasuccessfulbusinessthenyouneedtoad
随机试题
Itisusuallyarguedthattheearliestinfluences______up-childrenwillmostli
Splittingdinnercheckscancauseasplittingheadache,evenwhenthediners
某商场使用了由东方电梯厂生产、亚林公司销售的自动扶梯。某日营业时间,自动扶梯突然
设随机变量(X,Y)服从二维正态分布,其概率密度为f(x,y)=1/2π
临床冠根比例以何解剖位置为分界线A.以牙在功能时的旋转中心为界 B.龈缘平面
哪种临床表现对诊断急性肾炎最有意义A.水肿 B.尿相对密度减低 C.血尿
下列哪一项不属于造血物质缺乏或利用障碍引起的贫血A.缺铁性贫血 B.铁粒幼细胞
以下关于买进看跌期权的说法中,正确的是()。A.买进看跌期权比卖出期货可获得更
关于反垄断民事诉讼的下列说法,正确的有( )。A.原告须在反垄断执法机构认定构成
根据《建设工程工程量清单计价规范》(GB50500-2013),某工程签订了单价
最新回复
(
0
)