Huang 1

Chuchu Huang

San Mateo County Community College District

Application Paper 2 Part 2

This is the second part of the second out of the three application papers wherein concepts and

research covered in class, especially the wisdom skills, are applied daily, particularly in

situations related to anxiety, stress, frustrations, irritation, and anger.

The following are the wisdom terms I brought up in this paper.

1. Empathy- is the ability of a person to understand other people and share their feelings. It

is one of the strongest wisdom learned so far.

2. Realism- is the quality or practice of accepting a situation as it is and being ready to deal

with the effects that come forth.

3. Emotional Intelligence- is the ability to comprehend, apply, and control your emotions

positively to relieve stress and anger, communicate coherently, sympathize with other

people, defuse conflicts, and overcome challenges encountered daily. It is defined by four

attributes: self-management, self-awareness, social awareness, and relationship

management.

4. Humility- is the attitude of feeling that one does not have particular importance that

makes them better than others. It is also defined as a lack of pride and keeping a low

profile.

5. Mindfulness- is the state of being aware of something or a mental state achieved by

focusing on your awareness of the current state while calmly accepting and

acknowledging your feelings, body sensations, and thoughts.

Situation
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Anger and irritation are common things in all people. However, they can be controlled if

one applies wisdom skills. The situation I will write about herein occurred last month when my

sister decided to humiliate me after a severe drawdown in my entire trading life. This is how the

situation goes. Last month was my worst trading period. Since I do not stay in class all day long,

I decided to trade in lower timeframes (one-hour and four-hours timeframes) because I could be

able to watch my charts frequently. In the first week of last month, I decided to open six trades of

the six major pairs that I usually trade (USDCAD, USDCHF, GBPUSD, AUDUSD, EURUSD,

and USDJPY). I trade using a kangaroo tail trading strategy with a risk-reward ratio of 1:3.

According to the signal sent from the market, I was supposed to buy the USD because the

fundamental analysis told me that this currency was anticipated to appreciate, so people were

going to buy it. Therefore, in all currency pairs starting with USD, I was supposed to go long and

short in pairs with USD as the quote currency. I did exactly what my trading skills and

fundamentals told me. In each of the six trades, I risked $30, meaning if they all went according

to my prediction, I would make a profit of $1080, and if all trades stopped me out, I would make

a loss of $180. I opened six trades and watched the market. Unfortunately, the market became

volatile, and within three minutes into the trade, all six trades hit the stop-loss lines. As I was

fighting anger and irritation out of the losses, my younger sister came into the room and told me

that I was the worst trader she had ever seen. She further told me to concentrate on my studies

and leave trading because it was mine, yet I had been making profits in the recent past. Due to

frustrations and anger from the loss and my sister’s remarks, I stood up from my chair and went

on to hit her.

As I raised my hand to slap her, my emotional intelligence kicked in, and something told

me to stop hitting her. I remembered it was the right time to apply the wisdom skills taught in
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class. First, I tried to face the reality of what my sister told me. As a trader, I should not have lost

more than I wanted. Therefore, it was true that I was not an experienced trader (realism). In

trade, one puts a stop loss at the point where the amount lost is bearable and does not hurt them. I

put a huge stop loss, which showed that I was a poor risk manager. Poor risk managers do not

make profits in forex. Even though my sister is younger than me, I humbled myself and told her

never to say such hurting statements whenever I have made a dire mistake (humility). Also, I did

not hit her because I minded her situation because she does not know how to console people

whenever they are in trouble (mindfulness). She apologized and told me to be careful when

opening trades of the correlated pairs with a huge risk.

Results and Conclusion

Bringing emotional intelligence into the situation introduced the calming process in me.

Generally, my anger subsided after understanding and controlling my emotions positively. This

helped me realize that although I was older than my sister, harming her was a bad idea. This

reminded me of the wisdom skill called keeping a low profile (humility). It helped me gain

consciousness and mind my actions, remembering that hitting a sister is not fair (mindfulness). In

conclusion, practicing emotional intelligence, humility, empathy, realism, and mindfulness in

situations that involve anger, stress, and frustration is imperative. It brings back the about-to-

relationships during these scenarios.

Implications

Bringing emotional intelligence, humility, empathy, realism, and mindfulness in a

situation to reduce anger, stress, and frustration was significant. I hope to use these wisdom skills

and others, such as compassion, realism, and empathy, in similar situations. Finally, practicing

them daily would be an essential step in life.