Category: Money tips Release Date: 2006-10-27
Gambling, by its very nature is a risk. And since there are records began, gambling has been a popular pastime, but often addictive ... ...
Has been obsessed with humans in gambling, because they allow us courage and destiny Fenshen it a try.
- Bernstein (Peter L. Bernstein)
Risk
Successful traders willing to take risks so as to enjoy the joy of success. It is with this joy, we will neglect that may occur during a little bit of failure and frustration. Successful traders know how to enjoy the risks arising from tensions. For them, the risk is not terrible, but the stimulus. They seem to innately have to bear the risks.
Successful traders are not blindly take risks, but to put their bets widely known items. These risk control risk, and makes the risks and benefits can be directly proportional to their expectations. They know that if they can succeed, therefore, they may also collapse. In addition, when the real need to confront and take risks, they did not hesitate. In front of the opportunity, they will never retreat.
Not to the decision-making, it is not not do option. Do not act according to the decision-making, there would be no decision-making. Successful traders will be the decision-making, and to act according to its. They can make the best choice, and they chose to make money, they take a risk. They prefer to face a variety of risks and opportunities.
Possibility
Because there are various possibilities, they are to succeed. Wise to take risks, its core is the mathematical probability. Successful traders take risks, to look forward to success.
There is no data, there is no possibilities, there is no probability; no possibility and probability, the only way to deal with the risk of complaining. There is no data, the risk out of the question.
- Bernstein (Peter L. Bernstein)
Lifestyle trends and preferences
To take risks is often beyond the transaction itself. It may be a way of life tendencies and preferences. We may have will be very curious about the successful day traders no longer trading, it will do?
Some people will go to Las Vegas, gambling, and some people will be playing rock climbing or skiing, it was also deep-sea diving or surfing, and without that car. Moment at the edge of the state to make part of their life. At the same time, they know how to control risk, when they think they can not do and not to manage. They are constantly developing their skills, and only in the success of competent that they can work.
"We have to follow the direction of their own line of fear." - John Berryman (John Berryman)
Of course, we should add this one: we must follow the direction of their lines of fear, and look forward to a successful. The edge of surfers at risk, but traders love trading, they are exactly the same. They all need to continuously hone their skills and maintain the best state of alert to and understand their own dynamics, but in the game, when the meantime, they also have great control.
How to reach surfers 20-foot wave? Because he believed that he can reach. Among these naturally dangerous, but this is their challenge. Surfing champion Mark Foo in 1995, lost their lives in a surfing. Sometimes, even the most top players may not be able to do.
Successful look forward to success, the losers are expected to think of failure. And the result often is the case. We are thinking along the direction of their line, and we will put it to reality.
Excited? Fear?
Epinephrine for us to create excitement at the same time, but also brought us the feeling of fear. The initial deal, if you feel that adrenaline activities, intense, whether or not presage might have been a good thing, or vice versa, is a bad thing?
However, you feel the excitement or fear comes from your own imagination. Of course, if you had been determined according to the probability of self-love, then you are likely to suffer losses, but may also win the profits. For those who dare to take risks for investors and risk managers, it is this is a smaller risk and greater uncertainty among the benefits, which gave them unlimited fun.
Control
Fear may be to stimulate certain behavior. Fear led to panic syndrome. Accurate judgments and experience tell you when to do what is going on. You do not because of our own emotions and be set aside. You continue to exercise their own choices. A successful trader willing to take risks, but he also know how to control risk. Control risk is a personal skill, it is in any risk-taking behavior in a very important part. For most investors, the importance of risk control is obvious.
Successful traders will not be stimulated in order to short-Fen Shen Bo 1. In the pursuit of excitement and profitability, they have clear boundaries. The pursuit of other forms of stimulation, the same will happen boundaries.
"Seek to stimulate, you can help and strengthen the development, but can also hinder the development of the distinction between detection and violence, with exactly the same as the difference between." - Michael J. Apter
We all have an area at risk in this region, we can play out their best. Whether we over this area to excessive risk, or was less adventurous, we do not have much of a problem. Mihai. Cheek Cen Temihayi (Mihaly Csikszentmihalyi) called the "heart flow."
Heart flow is a state of mind, in this state who are totally immersed in a in the activities, feel that they seem to drift along with them, while ignoring the existence of the state of other things. This experience has brought great joy in itself. Flow experience in mind, the individual will face a series of challenges, but these challenges never go beyond people's knowledge and skills, even though the challenges may also aroused widespread attention and immediate feedback.
Tennis can be a good illustration of this point. When used with a Hello several times higher than a master contest, they will inspire your state, make you feel better skill in the game, rather than ashamed.
Individual differences
Some people face the risk of the spirit of a hundred times, while some people will balk. This is why we exist individual differences. On the demand, experience, and pairs of stimuli, we are different. But the most important objective is that you can in the pursuit of risk and risk-averse mood to find a balance, so that we can in the transaction to the best posture to protect our trading capital, and enable it to grow.
"I think a great deal to those who must be right that they have a stable mentality, but do not be too stable. Because people need to have a certain ability to combat the risk. You must have a good mentality, in order to become traders; must be at risk get courage ability, and psychological stability. "- Pat Arbor
If you tend to over-trading or excessive risk, you must always pay attention to your security framework. You have to establish a trading guide in order to protect themselves. You have to guard against excessive risk, and found himself over-timely withdraw.
If you prefer to avoid risk, you have to expand your security framework. You have to slowly increase your risk of the transaction, so that you emotionally acceptable. Reduce your trading position, and switch to a better stability of the trading tools. When everything is going smoothly, when, and then slowly increase the position and to switch to a larger change in tools.
Remember, the transaction should be interesting, but it is also possible trading profit. Inadequate or excessive trading can enhance your assets curves. For the transaction to find a way to make you a state of mind deal flow, and profit.
