Has this ever happened to you? You go long the stock market or a particular security and it immediately goes down, you go short and it immediately goes up. That is two back to back losses. Now you are extremely anxious and completely ignore your trading rules and skip the next signal and of course that trade immediately becomes profitable. Now you hesitate whether you should take that last position this far after the trade signal. You continue monitoring the trade you failed to react to in the beginning, and now see a support and resistance trend developing. You notice that every time the price pulls back to the support level it rallies off this bottom. Your trading rules are telling you that you should sell the position even though it looks like it has reached a support level, but you know better and place your trade anyway ignoring your trading rule. Just as you enter the trade signaled by your 'fly by night' trading rule, the support you previously noticed is violated and the price of the security is now below this level. Another losing trade has begun and you just can't force yourself to sell out of the position even though your experience tells you to cut your losses. Now you are completely desperate and begin looking at a conglomerate of other trading rules and technical indicators to try to justify your decision to hold a losing trade. This may seem a little exaggerated to a beginner trader, but chances are an experienced trader has lived through a few trading cycles identical to the one described above. I know I have succumbed to emotional and irrational trading decisions. Emotional decisions are a traders worst fears come true.
Some traders believe that by subscribing to a particular "trading system", or by interpret...
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...dence in his trading rules in order to continue trading without allowing emotion to hinder his decisions. Back-testing your trading rules will help eliminate guesswork and doubt and will help you develop a systematic strategy that does not rely on your own judgment.
While applying these principles to your own trading will not completely eliminate emotions, it will definitely help to minimize it. Many of us don't realize we are allowing emotion into our trading process. We may think that by interpreting certain technical indicators without predefined rules that we are minimizing emotion, but the sad truth is we are encouraging it. If any part of our trading process relies on interpretation, we are not minimizing emotion we are amplifying it. I encourage you to apply the principles above to your trading process, you will be glad that you did, I know I am.
Should we let our emotions control us? Should we base our decisions on how we are feeling at a specific time? Perhaps emotion shouldn’t factor at all into our decisions. Some of the characters we have studied exhibit both sides of this question. Luther and Alice from the show Luther fall on opposite sides of the spectrum while Billy Budd takes a hybrid approach.
"King of the Bingo Game" analyzes the exact separation felt by blacks in the United States. A young black man, the main charater of the story, who remains nameless throughout the story, cannot find work. The Bingo King, is alone in the world and his isolation is further stressed by the potential death of his wife, Laura, who is extremely ill and in serious need for medical care. Pressured by his wife's illness, he visits a movie theatre where he takes part in a Bingo game, hoping to win. As a winner of palying Bingo, he is then given a chance at the jackpot. In "King of the Bingo Game" The working-class blacks of the day were new to inner-city life. Ellison provides an analysis of this relationship with fate, and more specifically, a black
Jonathan Kozol, a writer best known for discussing public education, observed several specific schools in order to see how teachers aid young children into the future work force. Kozol believes young children in schools are being deprived of things they should be grasping at their age. Although this may be true, exposing children to real-life work responsibilities is clever and necessary in order to prepare them for the future while their brains are still growing and able to grasp the information easily.
Gambling and the Brain Why do gamblers bet more after they just lost a hand? Why do investors throw good money after bad? Why do people believe that a string of losses makes a win more likely? Why do so many people say that they will win their money back in the next few years? Is part of the appeal of gambling its unpredictability?
A multitude of opinions are found on the subject: are emotions more a function of the heart or of the head? According to Antonio Damasio (1), emotions and feelings are an integral part of all thought; yet we as humans spend much of our time attempting to disregard and hide them. In the view of source (2), experience is the result of integration of cognition and feelings. In either view, it remains indisputable that emotions are not what we typically make them out to be: the unwanted step-sister of our cultural sweetheart reason. Reason in our culture denotes intelligence, cognition, and control. Emotions seems such a "scary" concept to our collective m...
They are natural feelings that remain unavoidable. However, the only way to move past them is to understand them, explore them, and control them (Bradberry, Greaves, 2009). The authors begin Emotional Intelligence 2.0, by giving a very descriptive example of the decisions and emotions a young man goes through while being in the ocean and barely escaping being attacked by a shark. It is clear that the actions the young man makes are controlled from fear. The emotional responses he faced aroused from a reasonable area of the human brain (Bradberry, Greaves, 2009). However, we he took the time to make a conscious decision, he was able to take control of his mind. The authors used this example to relate struggling with emotional decisions with everyday life. It is then brought to the reader’s attention how emotions directly correlate with skills that one has to have in every day life. The authors teach the reader, “EQ is the foundation for a host of critical skills, and it accounts for 58 percent of performance in all types of jobs (Bradberry, Greaves, 2009). The reader is encouraged to take an Emotional Intelligence Appraisal test before reading any further in the book, then again after completing the reading. This test will show where the readers EQ stands. After taking the first test, the book offers an action plan based off of the scores of the test. The reader is allowed to choose which skill they would like to work on and learn about first. The rest of the book is separated between the four skills (self awareness, self management, social awareness, and relationship management). The separations of the book go in depth and give strategies, instructions, and guides on how to strengthen, maintain, and express these skills. These actions strengthen your emotional
He concluded that individuals who exhibit these skills are more successful than those that don’t. Emotions are universal – swing emotions (anxiety and anxiety can go both ways). People have to learn to convert fear and anxiety in to an energy to create a positive energy. It can encourage you or derail you. The emotional intelligence blueprint forces us to “take action” and develop our own emotional intelligence. He concedes that there are three common emotions that everyone feels on a daily basis: frustration, anxiety and enthusiasm (Weisinger, 2010 ). We all have the same emotions, but we express them differently. Applying emotional intelligence can include: observing your actions, being entuned to your intentions, and learning to relax. Managing anger includes realizing what is wrong and acknowledging that you are angry, in addition to asking yourself if you may have interpreted the other persons actions incorrectly and therefore may have over reacted. He also suggests that clarifying our feelings of doubt, in addition to coming to terms with the idea that there are going to be periods of uncertainty will help to alleviate anxiety (Weisinger, 2010 ). During periods of dejection/disappointment he suggests acknowledging your feelings and seeking a reliable support system that can help you reassess your goals. Weisinger suggests when feelings of fear begin to creep in people should acknowledge that they are experiencing the emotion and then evaluate the nature of the threat to determine if they are indeed scared or just overly concerned (Weisinger, 2010
Risky play is an important part of children’s play and children have shown a natural desire of outdoor risky play in the early years of ages (Brussoni, Olsen, Pike & Sleet, 2012). Risky play refers to play that allows children to feel excited and may lead to physical injury (Sandseter, 2007). In the video Adventurous play-Developing a culture of risky play, the interviewer Neville had discussed risky play with five educators. By consulting from this video, this report will provide rationales which are for creating opportunities for risky play in the child care centres, explain how to achieve the outcomes of the Early Years Learning Framework through planning for risky play. It then attempts to analyse the observational learning in Bandura’s
Firstly, perceiving emotions or identifying certain emotions is the first step in becoming emotionally intelligent. Nurses can identify people’s emotions by their behavior, facial expression, mood and the way that they speak. .Secondly, to reason with emotions, nurses will need to think critically on how they are going to help their clients come to terms with their emotions. Reasoning with emotions helps the client to prioritize and pay attention to what is important and what is not. Thirdly, understanding emotions can be explained and shown in a lot of different ways. It is important for nurses to be able to understand their client’s feelings as this will help create a therapeutic environment thus enabling the nurse to help their clients and lastly,managing emotions is the main key to being emotionally intelligent. The ability to feel and respond to your emotions accordingly and the emotions of others are the all important elements to being emotionally intelligent.
...ve tried to use some of the advice from the book for problems which occur frequently. I have had some success using his advice. I have found no real support for his assumption that most people behave rationally or use logic as a tool for decision making. For example, absenteeism is a major problem. I have an employee that worked part-time. She supports herself and one child. She was calling off from work about once a week. She and I discussed this, she said she was having problems with her car and needed money to have it fixed. She asked for a loan to have her it repaired. She wanted to work an extra day every week until the loan was repaid. Her car is now running well but she still misses at least once a week.
only shape emotions but also reflect the dominant views of emotion, their relative importance, and the socially accepted ways of dealing with them. It is frequently assumed that feeling rules create a tense relationship between socially expected emotions and actually experienced emotions. This tension gives rise to “emotional dissonance” or “emotional deviance” (Hochschild, 1983). Hochschild notes that feeling rules are effective in principle in two ways: as individual expectations of how we (and probably others) usually or “normally” feel in a specific situation (e.g., we expect to feel bored during the lecture of a certain colleague) or as social expectations how we should feel in this situation (Hochschild, 1979).
Rosen, L. D., Cheever, N. A., Cummings, C., & Felt, J. (2008). The impact of emotionality and
Emotions are natural for every human being; in some situations emotions can help enable the individual to perceive things in another way. For example, using one's intellect at a funeral type of environment is not suitable, however being emotional and showing sympathy is needed. Another example would be for business people, although intellect is very important toward their decision-making many business people admit that a number of their decisions are from their instincts, hunches, and feelings. Therefore, even in situations where intellect is called for, emotions are never absolutely pushed aside.
Growing literature suggests that emotional states can conditions the impact of given frame since the underlying role of emotions depends on problem (e.g. life or death scenarios). Druckman & McDermott hypothesized that exposure too negative (dying or losing) frame will be positively correlated with risky behaviors or choice sections. Vice versa was hypothesis to exposure to positive emotion. A similar study was done involving a treatment plan for a disease problem with results showing a
To conclude, the widely held belief that the effective application of reason requires dispassionate thought is valid in some circumstances where our emotions sweep us up and make us act quickly without any premeditation, causing us to later regret our decisions. However, emotion does not always have to be considered a contaminant that carries the biases and excesses of human desire. Emotion is a necessary component of reasoning as it offers the necessary guidance and direction when the environment fails to provide all the information needed for a clear and thoughtful judgment.