Prayer for the Forex trader.
Yes, God save us:
From daily worries.From breakdown of the false.
From trend empty. From broker - Imp.
From shoulder advantage. From "moose" breakdown.
From mains failure. From the secondary error.
From prices of hysterical.
Give us, O God, confident hands and a head tranquil. Amen!
The reason for the lack of money - a complete lack of financial education
As a professor sells to his students twenty-dollar for two hundred bucks
Funds take away from students of the MBA program is easier than to take candy from a baby. By the time of graduation, as a rule, is not required - they start binging and right. Although people laugh, clearly overwhelmed in mental abilities , inhumane - this story about MBA students deserves to be in the public domain.
Each year, Professor Max Bazerman sells MBA students from Harvard Business School twenty-dollar is much higher than the nominal. His record - sale $ 20 for $ 204. And he does it in the following way.
He shows the whole class bill and says that he would give $ 20 to the person who gives the most for her money. However, there is a small condition . Man, that was just behind the winner, will have to give the professor the amount that he was willing to give $ 20.
To be clear - let's say the two highest bida were $ 15 and $ 16. The winner receives $ 20 in exchange for $ 16, and the second person will have to pay $ 15 a professor. These are the conditions .
Bidding starts with one dollar and quickly reach $ 12 - $ 16. At this point, most students drop out of the auction, and there are only two people with the highest offer. Slowly but surely coming to auction $ 20 figure.
It is clear that it is already impossible to win, but also did not want to lose, not only for the loser gets nothing - he still will have to pay a nominal professor his last bid.
Once the auction proceeds exceeded $ 21, class explodes with laughter. Students MBA, supposedly so smart, willing to pay for a twenty-dollar bill above par. Indeed, comical and very accurately describes the behavior of degree holders MBA.
However, the auction continues and quickly comes to $ 50, then a hundred, up to $ 204 - a record for Bazermana his teaching career. Incidentally, during the training professor is doing the same trick with top managers and CEO of large companies - and always sells $ 20 above face value ( the money spent on charity).
Why do people always pay twenty dollars more money and trying to show that the professor ?
Initially, all students feel that they have the opportunity to get free money. They are not fools and will not pay more than twenty bucks for a twenty-dollar bill. However, once the bidding reaches $ 12 - $ 16, the second man realizes that he faces a serious loss, so he starts bidit more than going until the auction does not reach $ 21. At this stage, both participants lose money. But someone will lose only a dollar, and some twenty. To minimize losses, everyone tries to be a winner. However, this race leads only to the fact that both participants of the auction are losing more and more money, while the size of the loss does not reach such a sum that deeper digging a hole just does not make sense.
Thus, the desire to get Freestuff turns twenty losses. Most interesting is that there are a lot of data - especially in the stock market and the casino - which show Bazermana phenomenon in action. The man begins to lose money. Rather than fix the loss, it hopes to be able to play a losing streak - and almost always loses more and more money.
So remember the lesson cunning Professor - loss aversion leads to more losses. Fix losses until they are minimal. Well, never trust money to a person with a degree of MBA.
John Rockefeller dreamed to make $ 100 thousand and live to be 100 years old ... he make $ 318 billion and died at 97.
Not all dreams happen.
Old trader sits in front of the monitor to work. There will earn ten points, then fifteen, and so the whole day. Suitable for him and let the young trader to criticize:
- Yes, as you work, so you have no system, so all you do is nonsense ...
Turns to him and old trader says:
- You know, tired of being smart, I want some money.
One successful Forex trader hung over his desk a horseshoe on "happiness." Colleagues laugh, "Man, do you believe in truth in such prejudices?" "Well, of course - not. But they say this stuff works regardless of whether you believe in it or not!"
For example, many people think that the money saved - it's income.
There is even an anecdote:
- Dad, today I earned money, as much as $3, as it asks the father, but today I did not go on the bus, I ran after him. You better be running for a taxi, would have earned more, his father says.
Forex trader called to the tax office and asked:
- Here you are in the income statement for last year indicated that
earned six million, and, according to our data, spent
during this period at least eight million. What does this mean?
- What does that mean ... I just can not make ends meet!
Ask mathematician - what is the probability that now on the street you will meet Napoleon? Mathematician took calculators, computers, and locked in a room for three days and after gave the answer: - approximately 0.000001 percent. The same question was asked a Forex trader with experience. The answer came immediately: - 50 to 50, or a meeting or not meeting.
Yes, God save us:
From daily worries.From breakdown of the false.
From trend empty. From broker - Imp.
From shoulder advantage. From "moose" breakdown.
From mains failure. From the secondary error.
From prices of hysterical.
Give us, O God, confident hands and a head tranquil. Amen!
The reason for the lack of money - a complete lack of financial education
As a professor sells to his students twenty-dollar for two hundred bucks
Funds take away from students of the MBA program is easier than to take candy from a baby. By the time of graduation, as a rule, is not required - they start binging and right. Although people laugh, clearly overwhelmed in mental abilities , inhumane - this story about MBA students deserves to be in the public domain.Each year, Professor Max Bazerman sells MBA students from Harvard Business School twenty-dollar is much higher than the nominal. His record - sale $ 20 for $ 204. And he does it in the following way.
He shows the whole class bill and says that he would give $ 20 to the person who gives the most for her money. However, there is a small condition . Man, that was just behind the winner, will have to give the professor the amount that he was willing to give $ 20.
To be clear - let's say the two highest bida were $ 15 and $ 16. The winner receives $ 20 in exchange for $ 16, and the second person will have to pay $ 15 a professor. These are the conditions .
Bidding starts with one dollar and quickly reach $ 12 - $ 16. At this point, most students drop out of the auction, and there are only two people with the highest offer. Slowly but surely coming to auction $ 20 figure.
It is clear that it is already impossible to win, but also did not want to lose, not only for the loser gets nothing - he still will have to pay a nominal professor his last bid.
Once the auction proceeds exceeded $ 21, class explodes with laughter. Students MBA, supposedly so smart, willing to pay for a twenty-dollar bill above par. Indeed, comical and very accurately describes the behavior of degree holders MBA.
However, the auction continues and quickly comes to $ 50, then a hundred, up to $ 204 - a record for Bazermana his teaching career. Incidentally, during the training professor is doing the same trick with top managers and CEO of large companies - and always sells $ 20 above face value ( the money spent on charity).
Why do people always pay twenty dollars more money and trying to show that the professor ?
Initially, all students feel that they have the opportunity to get free money. They are not fools and will not pay more than twenty bucks for a twenty-dollar bill. However, once the bidding reaches $ 12 - $ 16, the second man realizes that he faces a serious loss, so he starts bidit more than going until the auction does not reach $ 21. At this stage, both participants lose money. But someone will lose only a dollar, and some twenty. To minimize losses, everyone tries to be a winner. However, this race leads only to the fact that both participants of the auction are losing more and more money, while the size of the loss does not reach such a sum that deeper digging a hole just does not make sense.
Thus, the desire to get Freestuff turns twenty losses. Most interesting is that there are a lot of data - especially in the stock market and the casino - which show Bazermana phenomenon in action. The man begins to lose money. Rather than fix the loss, it hopes to be able to play a losing streak - and almost always loses more and more money.
So remember the lesson cunning Professor - loss aversion leads to more losses. Fix losses until they are minimal. Well, never trust money to a person with a degree of MBA.
John Rockefeller dreamed to make $ 100 thousand and live to be 100 years old ... he make $ 318 billion and died at 97.
Not all dreams happen.
Old trader sits in front of the monitor to work. There will earn ten points, then fifteen, and so the whole day. Suitable for him and let the young trader to criticize:
- Yes, as you work, so you have no system, so all you do is nonsense ...
Turns to him and old trader says:
- You know, tired of being smart, I want some money.
One successful Forex trader hung over his desk a horseshoe on "happiness." Colleagues laugh, "Man, do you believe in truth in such prejudices?" "Well, of course - not. But they say this stuff works regardless of whether you believe in it or not!"
For example, many people think that the money saved - it's income.
There is even an anecdote:
- Dad, today I earned money, as much as $3, as it asks the father, but today I did not go on the bus, I ran after him. You better be running for a taxi, would have earned more, his father says.
Forex trader called to the tax office and asked:
- Here you are in the income statement for last year indicated that
earned six million, and, according to our data, spent
during this period at least eight million. What does this mean?
- What does that mean ... I just can not make ends meet!
Ask mathematician - what is the probability that now on the street you will meet Napoleon? Mathematician took calculators, computers, and locked in a room for three days and after gave the answer: - approximately 0.000001 percent. The same question was asked a Forex trader with experience. The answer came immediately: - 50 to 50, or a meeting or not meeting.
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