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CK Choy.

Market Sense 市场意识: Education time - How to overcome setbacks in losing trades 如何克服挫折,失败的交易
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in this are personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.

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Note:
All TA (Technical Analysis) view using charts are for illustration purpose only.
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Friday, 22 April 2011

Education time - How to overcome setbacks in losing trades 如何克服挫折,失败的交易

How to overcome setbacks in losing trades
Setbacks are the rule rather than the exception when it comes to trading.
Discovering reliable trading strategies is a challenge, and frequently, a promising strategy produces a loss. Losses and other setbacks can be frustrating and anxiety provoking. The winning trader isn’t fazed by these setbacks, however.
Winning traders welcome challenges rather than hide from them. Your ability to tolerate frustration is essential. It is vital to have a specific and active plan for coping with setbacks; otherwise they can build up psychologically and produce chronic stress problems. Your mind and body have limited resources, and unless you cope with frustration and anxiety effectively, you’ll eventually become exhausted. You’ll lose your ability to focus and process information objectively. By taking a few specific preventative measures, though, you can build up your frustration tolerance so that you can handle a torrent of trading setbacks.
People with low frustration tolerance tend to believe that they should experience absolutely no setbacks. But setbacks are a natural part of life. Indeed, if you are trying to succeed at a challenging profession, such as trading, you should expect setbacks. Instead of dreaded events, challenges and setbacks can be viewed as part of the excitement and stimulation of living. When you face a setback while trading, you should view it as an opportunity to learn and develop your trading skills rather than a discouraging impediment. Merely changing your viewpoint regarding potentially frustrating events can change your ability to tolerate them. If you expect them and accept them as natural and not as a disaster, you’ll feel less frustrated. And rather than passively feeling paralyzed by them, you’ll try to creatively think of ways you can use the setbacks as a new starting point than can lead to a higher level of trading skills. View setbacks as ways for you to gain more experiences with the markets and hone your trading skills.
In addition to a general attitude change, it is also essential to take additional preventative measures to tolerate frustration. The most important steps concern building up physiological defences. It is difficult to cope with frustration when we are tired and worn out. By getting plenty of rest, and especially sleep, we can cope with frustration more easily. Regular exercise and proper nutrition can help your body create a natural defence against frustration.
Once you are properly rested and nourished, you can also make a specific plan for coping with setbacks when they occur. In addition to accepting uncertainty and setbacks as part of your life, you should think in terms of the big picture. “Rome wasn’t built in a day” and you shouldn’t expect to hone your trading skills without extensive practice and experience. That can take time. Traders are frustrated when they set unrealistic expectations for themselves and fail to meet them. By realizing that it will take time to trade profitably, you’ll feel more relieved, and you will anticipate setbacks. You won’t be caught off guard, and you will be ready to deal with them. It may be discouraging at times to continually face setbacks. To cope with them, you may want to make a list of successful trades and recall them when you are feeling especially beaten. The key to frustration tolerance is to realize that although external circumstances can interfere with your plans, you have the freedom to decide whether they will impact your mood. You can choose to feel beaten, angry and frustrated, or you can anticipate setbacks, view them as challenges and growing experiences, and as exciting ways to hone your trading skills. The more you can acknowledge that setbacks are a necessary part of trading, the more easily you’ll cope with them, and be able to use them as stepping stones to higher levels of trading success.

如何克服挫折,失败的交易挫折是规则而不是例外,当谈到交易。发现可靠的交易策略是一种挑战,并经常,一个很有前途的战略产生的损失。损失和其他挫折令人沮丧和焦虑发人深省。获奖的交易者搞得狼狈这些挫折,但是。获奖商人欢迎的挑战,而不是隐藏它们。您是否能够容忍挫折是必不可少的。至关重要的是要与挫折应对有具体和积极的计划,否则他们可以建立心理和产生慢性压力的问题。你的头脑和身体资源有限,除非你应付挫折和焦虑有效,你最终会耗尽。你会失去你的能力和处理信息的集中客观。通过采取一些具体的预防性措施,但是,你可以建立你的挫折承受力,使自己能够处理的交易挫折洪流。挫折容忍度低的人往往认为他们应该体验绝对没有挫折。但是,挫折是生活的自然组成部分。事实上,如果你想成为成功的一个具有挑战性的行业,如贸易,你应该预料的挫折。的可怕事件,挑战和挫折反而会被看作是生活的兴奋和刺激的一部分。当你面对挫折时的交易,你应该把为契机,学习和发展的障碍,而不是一个令人沮丧的是你的交易技巧。仅仅改变你的观点可能令人沮丧的事件就可以改变你的能力,容忍他们。如果你希望他们和接受,而不是作为一个自然灾害,你会觉得少使他们感到灰心丧气。的,而不是被动地感受到了他们犹豫不决,你会尽量想办法,创造性,你可以使用它作为一个新的起点比可导致交易技巧更高层次的挫折。作为方法,供您获得与市场更多的经验和磨练自己的交易技巧查看挫折。除了一般的态度的转变,也必须采取额外的预防措施,忍受挫折。关注最重要的步骤建立的生理防御能力。这是难以应付挫折,当我们累了,破旧不堪。通过得到足够的休息,特别是睡眠,我们可以更容易地应付挫折。经常运动和适当的营养可以帮助你的身体建立一个反对挫折自然防御。一旦你得到适当休息和营养,你也可以与挫折应对的具体计划时发生。除了接受的不确定性,并作为你生活的一部分挫折,你应该考虑在大画面上。 “罗马不是一天建成的”,你不应该指望没有广泛的实践磨练和经验,您的交易技巧。这可能需要一段时间。交易商感到沮丧时,他们为自己设定不切实际的期望,无法满足他们。由意识到它需要一定的时间进行交易获利,你会觉得更放心,你会预期挫折。你会不会措手不及,并要准备好对付他们。这可能是沮丧,有时要不断面对挫折。为了应付他们,你可能需要做一个成功的交易清单并召回当你感到特别殴打。对挫折的承受力的关键是要认识到,尽管外部干扰的情况下可以与你的计划,你可以自由决定他们是否会影响你的情绪。你可以选择感到殴打,愤怒和沮丧,或者可以预见的挫折,认为他们的挑战和成长经历,和令人振奋的方式来磨练自己的交易技巧。越多,您可以承认,挫折是必要的交易的一部分,你会更容易对付他们,并能用作垫脚石更高的交易成功的水平。

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