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Emotional control can make or break your trading. Many traders mistakenly believe that all they need to succeed is a cognitive breakthrough the discovery of some numerical relationship or more reliable statistical indicator that will push their trading over the top. Like knights in search of the Holy Grail, they study charts, numbers, and patterns. Yet for many, that quest is just not enough. As an experienced trader with almost three decades of trading under my belt, I believe that the reason many traders fail is simple: They are not emotionally prepared to win. Technically they know how to trade, but emotionally, they are unable to succeed. In other words, their lack of emotional control undermines their trading and guarantees their failure. The psychological aspects of trading are tremendous. One resource that has

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Although statistics such as expected value and standard deviation are essential for choosing the best course of action under uncertainty, the decision problem can best be approached using decision theory. Decision theory is a systematic approach to making decisions, especially under uncertainty. Decision theory utilizes an organized approach such as a decision matrix (or payoff table). DECISION MATRIX A decision matrix is characterized by the row representing a set of alternative courses of action available to the decision maker; the column representing the state of nature or conditions that are likely to occur and that the decision maker has no control over; and the entries in the body of the table representing the outcome of the decision, known as payoffs, which may be in the form of costs, revenues, profits, or cash flows. By computing expected value of each action, we will be able to pick the best one.

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A transmitted frame collides when one or more PCA devices transmit during a time slot in a PCA period. The probability that a PCA device in the backoff stage for the ith priority class senses the channel busy conditioned on a PCA period, denoted by

database is a system where data is organized in a certain way so that accurate and timely information can be retrieved. The information systems used to manage databases are called database management systems (DBMSs). A database management system is software that allows managers to create, maintain, and report the data and file relationships. A file management system is software that allows users to manipulate one file at a time. DBMSs offer many advantages over file management systems, as discussed in the following sections:

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At the very root of this process is a business with needs, goals, and a mission. As described in the previous chapter, it is very important for you to have a good understanding of these items first. Any intelligence that you can gather about the company direction, culture, or long-range plans will be helpful for developing value-added audit strategies of the IS planning and management aspects of the business. Knowing the vision of the business owners and decision makers will help you determine whether the IS direction lines up with the corporate direction and enable you to make suggestions that will be readily embraced by upper management. The senior management of the organization is responsible for providing direction and guidance to the rest of the organization. Their hopes and dreams should be translated in writing to the vision and mission documentation. You will need to determine what that guidance is when it exists in a documented form. You may investigate annual reports for such information or find it on Web pages or corporate literature. Validating these goals with the senior management is useful in establishing their applicability to the IS organization and the interpretations individual management members may have of the overall mission of the company. This could help you identify areas of focus for your audit. Your goal will be to evaluate the IS strategy and direction and how well it is being managed. Seek documentation of the mission of the IS organization. Evaluate how it supports the business needs and mission. Look at

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A database file is a collection of related records that describe a subject by using a set of fields. Exhibit 6.1 shows a file with three records used to describe a student by using fields of Name, GPA, and Major. Most organizations have many files that have from hundreds to hundreds of thousands of records. Files that are stored on secondary storage devices can be organized in several different ways, and there are advantages and disadvantages to each of these types of file organizations.

Computer Security Threats and Attacks on Computer Technology 242 Financial Loss and the Cost-Benefit Criterion 243 Physical Security and Data Security 244 Controlling Physical Access 245 Fire Security 247 Saboteur s Tools 247 Communications Security 249 Controls 250

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