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
2023-08-07
18
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://www.tihaiku.com/zcyy/2904703.html
相关试题推荐
[originaltext]M:Hi,Ann!Welcomeback!HowwasyourtriptotheStates?W:Ver
[originaltext]M:Hi,Ann!Welcomeback!HowwasyourtriptotheStates?W:Ver
[originaltext]M:Hi,Ann!Welcomeback!HowwasyourtriptotheStates?W:Ver
[originaltext]M:Hello,andwelcometoourprogram"WorkingAbroad".Ourguest
[originaltext]M:Hello,andwelcometoourprogram"WorkingAbroad".Ourguest
[originaltext]M:Hello,andwelcometoourprogram"WorkingAbroad".Ourguest
[originaltext]M:Hello,andwelcometoourprogram"WorkingAbroad".Ourguest
[originaltext]M:Hello,andwelcometoourprogram"WorkingAbroad".Ourguest
[originaltext]W:Tellme,Peter.WhatmakesHaroldssofamous?M:Well,it’sth
[originaltext]W:Tellme,Peter.WhatmakesHaroldssofamous?M:Well,it’sth
随机试题
[originaltext]M:Hello,isthisAT&T?I’mcallingformyInternetservice.It’s
[originaltext]Ateamofscientistsrecentlybeganaprojecttomeasurethe
下列属于类固醇激素的是()。A.促甲状腺素 B.甲状旁腺激素 C.促卵泡激
中药不良反应是A.有害中药长期大量应用出现的有害反应B.错用药品出现的有害反应C
“巴塞尔协议Ⅲ”对系统重要性银行提出的附加资本要求最低比例为()。A.0.5%
(2012年真题)甲公司将一套设备租赁给乙公司使用,租赁期间,经询问确认乙公司无
为了实施进度控制,监理工程师必须根据建设工程的具体情况,认真制定进度控制措施,以
背景资料 某施工单位与业主签订了一矿井地面矿仓及运输走廊的施工合同,合同约定:
《安全生产法》规定:生产经营单位不得以任何形式与从业人员订立协议,免除或者减轻其
男婴,胎龄42+1周,出生体重3850g,其体重位于同龄标准体重的第80百分位。
最新回复
(
0
)