Category: Money tips Release Date: 2006-07-13
Dennis dominate in the futures market for many years, may be called an influential figure, but the stock market crash of 1987 battle casualties, funds under management in April 1988 has been cracked loose, Dennis thoughts on the matter please listen to him aspirations.
Q: If you lost 50% of the Futures Fund will need to automatically stop the sale, you, in the 88 April the dissolution of the fund, whether it has touched closed down boundaries.
Answer: not far off, was already lost 49% of the funds to go, so I decided to stop the sale, want customers to agree to a fresh start, will automatically reduce the suspension limits. ~
Q: Ciyi for your future impact.
A: The proposed outcome of less than a hero, I will be out in the face of adversity early market, but trading in the stock market strategies need to change.
Q: Can a non-public criticism?
A: The only worsen the situation of human common sense, you can laugh.
Q: It is reported massive losses caused by the sale of your interest rate futures contracts is whether, in what went wrong?
A: Most of my loss of the year is the short interest rate futures, stock market crash in the United States was forced to relax the money supply, interest rates fall, so caught off guard killed.
Q: Stop disk without the prior furnishings?
A: There are 87 years of October 20, for example, we stop plate on the previous day's closing price of 40-50 points above, but opening day has been more than 190 points or more higher than the previous day , so that loss of expanded several times.
Q: The abnormal changes in market prices, you are still desperate for open positions?
Answer: there is no other choice.
Dennis Hui-visit to Canada during the inevitable reference to Dennis's Fund is administered by more than one billion dollars to drop almost half of the experience of a question and answer between the Dennis look natural, calm manner, showing that large investment house color, Taishan collapse in the former while looking the same.
Q: You managed funds suffered heavy losses, I believe that private accounts would suffer the same fate, may I ask how to deal with emotional trauma?
Answer: take it lightly.
Q: totally emotionally volatile?
A: strongly inhibit emotional imbalance situation, emotional volatility is not helpful for the sale but the lack of constructive behavior.
Q: I understand that, but ask how to control emotions?
A: For the market on and off, you must have a correct view, victory and defeat is too mind, expressing his lack of confidence. In fact, one or two setbacks can be treated as hone their own. Short-term loss, if too much concern about the overall situation will affect the whole.
Q; so you can easily avoid the trap of emotional volatility?
A: Yes, basically, when the sale smoothly, I would not be too excited, so when the lack of luck, the emotional trauma suffered by the natural reduction. It can be said that the outcome had been impossible in the color stage.
Q: More than two decades of war experience, does it help control the emotions?
A: As a professional speculator, equivalent to boxer, not a long time would have been hard hit, and habit, emotions naturally under control.
Q: When successive defeat, how should the self-encouragement?
A: Think about the best golf of the case, played a bad ball, you could throw the bat anywhere as a vent, but when you are prepared to play second stick, he must once again focus on the bow watching golf, want to play a wonderful bar.
