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
2024-03-31
4
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/3535157.html
相关试题推荐
[originaltext]Whyshouldyouconsidertakingacourseindemographyincoll
[originaltext][19]SwedenwasthefirstEuropeancountrytoprintandusep
[originaltext][19]SwedenwasthefirstEuropeancountrytoprintandusep
[originaltext][13]MostAmericansdon’teatenoughfruits,vegetablesorwh
[originaltext][9]Whenfacinganewsituation,somepeopletendtorehearse
[originaltext][9]Whenfacinganewsituation,somepeopletendtorehearse
[originaltext][9]Whenfacinganewsituation,somepeopletendtorehearse
[originaltext][9]Whenfacinganewsituation,somepeopletendtorehearse
[originaltext]W:Mr.DeKeyzer,I’magreatloverofyourbookMomentsBeforet
[originaltext]W:Mr.DeKeyzer,I’magreatloverofyourbookMomentsBeforet
随机试题
Fortunately,thedemonstration______tobequitepeaceful.A、turnedinB、turned
[originaltext]W:Goodmorning,canIhelpyou?M:Yes,I’mStoneWilliams.I’ve
AreBadEconomicTimesGoodforHealth?A)Mostpeopleareworri
数字出版平台是以产品制作和用户服务为目标,建立起( )的协同工作机制。A.内容
关于乳母营养,以下陈述不科学的是( )。A.食物种类齐全,品种多样 B.
“方案教学”的倡导者是( )A.瑞吉欧学前教育理论流派 B.进步主义学前教育理
功效为疏肝解郁,调经止痛的中药是A.荔枝核 B.木香 C.香附 D.
可见光及紫外光分光光度法常用的定量方法不包括A:标准曲线法B:对比法C:摩尔
一般资料:求助者,女性,36岁,无固定职业。 案例介绍:求助者因与女儿发生矛盾
下列有关国家对传染病防治的方针与办法最恰当的提法是A.预防为主、防治结合、统一管
最新回复
(
0
)