• 1. Poolside lounging and theme park access are on offer at the W Abu Dhabi — Yas Island this Eid.
    1. Poolside lounging and theme park access are on offer at the W Abu Dhabi — Yas Island this Eid.
  • 2. Eid stays in Dubai don't have to blow the budget, try a stay at Park Regis Kris Krin. Photo: Park Regis
    2. Eid stays in Dubai don't have to blow the budget, try a stay at Park Regis Kris Krin. Photo: Park Regis
  • 3. The recently opened Taj Exotica Resort & Spa is welcoming visitors this Eid Al Adha, with views of Palm Jumeirah and the Arabian Gulf.
    3. The recently opened Taj Exotica Resort & Spa is welcoming visitors this Eid Al Adha, with views of Palm Jumeirah and the Arabian Gulf.
  • 4. The Radisson Blu, Dubai Media City, is centrally located and offers deals this Eid. Photo: Radisson
    4. The Radisson Blu, Dubai Media City, is centrally located and offers deals this Eid. Photo: Radisson
  • 5. Spacations and adventure getaways await at Marriott Al Forsan Abu Dhabi this Eid Al Adha. Photo: Marriott
    5. Spacations and adventure getaways await at Marriott Al Forsan Abu Dhabi this Eid Al Adha. Photo: Marriott
  • 6. Save with Hilton's summer sale at Waldorf Astoria Ras Al Khaimah, with rates applicable over Eid Al Adha. Photo: Hilton
    6. Save with Hilton's summer sale at Waldorf Astoria Ras Al Khaimah, with rates applicable over Eid Al Adha. Photo: Hilton
  • 7. A serene stay at The Chedi Al Bait, Sharjah, comes with full credit back to spend in the hotel. Photo: GHM hotels
    7. A serene stay at The Chedi Al Bait, Sharjah, comes with full credit back to spend in the hotel. Photo: GHM hotels
  • 8. Go ultra all-inclusive with family fun at Rixos Bab Al Bahr in Ras Al Khaimah. Photo: Rixos
    8. Go ultra all-inclusive with family fun at Rixos Bab Al Bahr in Ras Al Khaimah. Photo: Rixos
  • 9. Al Habtoor Polo Resort's Eid offer includes a two-night stay, afternoon tea and beach access at the hotel's sister property. Photo: Al Habtoor Polo Resort
    9. Al Habtoor Polo Resort's Eid offer includes a two-night stay, afternoon tea and beach access at the hotel's sister property. Photo: Al Habtoor Polo Resort

Nine Eid Al Adha 2022 staycation deals in Abu Dhabi, Dubai, Sharjah and RAK


Hayley Skirka
  • English
  • Arabic

Eid Al Adha arrives in July, bringing the next public holiday in the UAE.

While the exact dates of the coming holiday depends on the sighting of the Moon, it is believed Arafat Day will fall on July 9 this year.

Subsequently, Eid Al Adha holidays are most likely to start on July 10, which will be a public holiday.

For UAE employees, this means a long weekend is on the cards, with the majority of people expected to be off from Saturday, July 9 until Tuesday, July 12.

If you’re not travelling overseas this summer, there’s plenty to do over the holiday if you want a change of scenery.

From a palatial stay in Ras Al Khaimah to a family-friendly, action-packed adventure on Abu Dhabi's Yas Island, here are some ways to make the most of your Eid break.

1. Family fun at W Abu Dhabi — Yas Island

Stay at W Abu Dhabi — Yas Island for family fun and access to three theme parks. Photo: W Abu Dhabi
Stay at W Abu Dhabi — Yas Island for family fun and access to three theme parks. Photo: W Abu Dhabi

The hotel overlooks one of the most exceptional circuits of the Formula One calendar and is a unique place to celebrate Eid. Now, just for the holidays, W Abu Dhabi — Yas Island has a great family staycation offer.

As well as being able to splash around at the hotel's rooftop swimming pools, up to two adults and two children will enjoy complimentary daily breakfast at the multi-cuisine Garage.

Free access to one of Yas Island’s theme parks is also included in each stay. Take your pick from cooling down at Yas Waterworld, revving things up at Ferrari World or meeting all your favourite characters at Warner Bros World Abu Dhabi where Eid celebrations will be under way.

If you have a furry friend at home, bring them along for the stay as the W Abu Dhabi is now pet friendly.

Rates from Dh1,165, excluding taxes; marriott.com

2. A budget stay in Dubai at Park Regis Kris Kin Hotel

Book a budget stay at the Park Regis Kris Krin in Dubai. Photo: Park Regis Kris Krin
Book a budget stay at the Park Regis Kris Krin in Dubai. Photo: Park Regis Kris Krin

Staycations in Dubai don’t have to break the bank. Book a stay at the Park Regis Kris Kin Hotel and you’ll enjoy 33 per cent discount on regular room rates this Eid Al Adha, with rooms from Dh500.

Even better, you’ll get the same amount that you pay for your room back in credit to use at one of the hotel’s dining spots.

Take your pick from Masala Bazaar’s upscale Indian dining or head to Kris with a View, the multi-cuisine restaurant on the 19th floor with 360-degree views of Dubai.

You can unwind at the rooftop swimming pool, which has a nice vantage of the Dubai skyline, and if you want to get out and explore, the hotel offers beachgoers a free shuttle service to La Mer or The Dubai Mall if retail therapy is required.

Stays from Dh500, excluding taxes; parkregiskriskin.ae

3. Fireworks views at Taj Exotica Resort & Spa The Palm, Dubai

The Taj Exotica Resort & Spa The Palm is a great spot if you want to see Dubai's Eid Al Adha fireworks. Photo: Taj Hotels
The Taj Exotica Resort & Spa The Palm is a great spot if you want to see Dubai's Eid Al Adha fireworks. Photo: Taj Hotels

For some of the best views of Dubai’s Eid fireworks, head to Palm Jumeirah. The recently opened Taj Exotica Resort & Spa has a UAE resident package that’s available to book over the coming holiday.

Located on the east crescent, guests will be given a free upgrade to the next room category, where you'll have Arabian Gulf or resort and Palm views.

Enjoy the hotel’s beachfront pool, seven dining venues and the luxurious spa and keep the family entertained at the children's play area, splash pool and in the state-of-the-art games room.

Up to two children stay free in each room, and you can choose between complimentary lunch or dinner with free-flowing beverages during your stay.

There's 20 per cent discount on food and beverages across the rest of the resort and, when it's time to unwind, there's a buy one get one free offer on aromatherapy massages at Jiva Spa.

UAE resident stays from Dh899, excluding taxes; tajhotels.com

4. Brunch and stay at Radisson Blu Hotel, Dubai Media City

Brunch and stay at Radisson Blu Dubai, Media City. Photo: Radisson
Brunch and stay at Radisson Blu Dubai, Media City. Photo: Radisson

If you want to be in the heart of the action this Eid, book a room at Radisson Blu Hotel, Dubai Media City. At the entrance of Palm Jumeirah, 10 minutes from Mall of the Emirates, close to the beach and with its own Metro stop, the area is a good spot to base yourself.

If you want to have a party weekend, the hotel also has you covered with an all-inclusive stay.

Check in early to your superior room and head to Icon Bar and Lounge at 1pm for the Dirty Saturday brunch. During your visit, you’ll also enjoy free-flowing beverages in Certo Italian restaurant.

If you want to keep going after brunch, head to Zero Gravity where you’ll get access for a discounted Dh100, all of which you'll get back in food and beverage credit.

Next morning, tuck into complimentary breakfast then catch a few hours by the pool as you’ll have late check-out until 4pm.

From Dh1,014 per night, including taxes, available for Saturday check-in only; radissonhotels.com

5. Adventure or unwind at Marriott Hotel Al Forsan, Abu Dhabi

Stay at Marriot Al Forsan for access to one of Abu Dhabi's largest swimming pools. Photo: Marriott
Stay at Marriot Al Forsan for access to one of Abu Dhabi's largest swimming pools. Photo: Marriott

Marriott Hotel Al Forsan has something for everyone this Eid Al Adha with two staycation options. The adventurer package starts with a breakfast at Khayal Restaurant, followed by your choice of two adrenalin-fuelled activities. Take your pick from go-karting, wakeboarding, archery or an equestrian session.

You’ll also get 20 per cent discount on food and beverages across the resort, and early check-in or a late checkout.

The spa staycation, on the other hand, is for those who simply want to kick back. It includes a 60-minute marble hammam treatment at The Saray Spa, plus breakfast and the same discount on food and beverages. Both offers also get you access to one of Abu Dhabi's biggest swimming pools.

Adventure stays start from Dh550, spa stays from Dh600, excluding taxes; marriott.com

6. A palatial stay at Waldorf Astoria in Ras Al Khaimah

Rooms and suites at Waldorf Astoria Ras Al Khaimah have been inspired by Arabian palaces and offer a truly luxurious getaway. Photo: Hilton
Rooms and suites at Waldorf Astoria Ras Al Khaimah have been inspired by Arabian palaces and offer a truly luxurious getaway. Photo: Hilton

Head along to Ras Al Khaimah and you can spend a night in one of the UAE’s most luxurious hotels. Waldorf Astoria is set right on the beach and all rooms are beautifully designed, inspired by the palaces of the Arabian Peninsula with a seaside slant.

The resort has a new water playground for children, while there's also the sprawling Azure family pool. Grown-ups seeking downtime can head to the infinity-style adults-only pool, with views to the Arabian Gulf. There’s also a private beach, tennis courts, a spa, kids' club and lots more.

Hilton's summer sale has launched just in time for Eid Al Adha, meaning you’ll get up to 25 per cent off regular room rates when you book on a weekend.

The family premier rooms easily sleep four people and comes with golf course views, generous bathrooms and a private balcony.

Rooms from Dh1,542, excluding taxes; hilton.com

7. Get more for your money at The Chedi Al Bait, Sharjah

Get 100 per cent of your room fee back at The Chedi Al Bait, Sharjah this Eid. Photo: GHM Hotels
Get 100 per cent of your room fee back at The Chedi Al Bait, Sharjah this Eid. Photo: GHM Hotels

If you like to feel like you're really getting your money's worth on a staycation, then consider the Eid Al Adha offer at The Chedi Al Bait in Sharjah. Set in a quiet locale away from the bustle of the emirate, this serene hotel offers traditionally crafted, spacious rooms featuring local Emirati designs.

Indulge in creative culinary offerings at The Library and stop for a coffee in The Cafe in the heritage house of Majlis Ibrahim Al Midfa.

The 500-metre Chedi Spa draws inspiration from the original meaning of “Chedi”, a mystical paradise of enchantment and serenity, and is designed as a place for guests to relax and recharge.

There are a whole host of remedies on offer in this sanctuary, plus 100 per cent of your room rate back in resort credit when you stay in The Chedi Grand Room this Eid.

Rooms from Dh1,200, excluding taxes; bookings via reservations@chedialbaitsharjah.com; ghmhotels.com

8. An ultra all-inclusive escape at Rixos Bab Al Bahr

Ultra all-inclusive stays await this Eid at Rixos Bab Al Bahr on Marjan Island. Photo: Aldar
Ultra all-inclusive stays await this Eid at Rixos Bab Al Bahr on Marjan Island. Photo: Aldar

Nestled on Al Marjan Island, Ras Al Khaimah, the pyramid-shaped, all-inclusive Rixos Bab Al Bahr has 650 rooms and suites, nearly all of which come with ocean views.

It also has an endless parade of beaches, swimming pools, restaurants and bars, plus plenty of activities for the whole family to get involved in with, including everything from stand-up paddle boarding to beachside treasure hunts for children.

Each of the a la carte restaurants offers a different type of cuisine so that no matter how long you stay, eating out here will never get boring.

Rooms from Dh1,579 (per person), excluding taxes; rixos.com

9. A two-night retreat at Al Habtoor Polo Resort, Dubai

Escape to Al Habtoor Polo Resort for a two-night getaway this Eid. Photo: Al Habtoor Polo Resort
Escape to Al Habtoor Polo Resort for a two-night getaway this Eid. Photo: Al Habtoor Polo Resort

For something a little bit different this Eid, consider staying at Al Habtoor Polo Resort. Located in Dubailand, this equestrian-inspired resort channels Andalusian vibes and has plenty of sweeping green views, thanks to the four polo fields that surround it.

There are plenty of activities to try while you're there, such as archery, yoga, padel or tennis, and golf. The LVXE Spa is the place to go when you want to unwind.

This Eid, book a two-night stay to enjoy complimentary daily breakfast at the tranquil Andalucia restaurant and afternoon tea at the Equestrian lounge. You’ll also get free access to the beach and pool at Al Habtoor Grand Resort in JBR, the hotel's sister property.

From Dh1,899 per couple for two nights in a deluxe room with polo views, excluding taxes; habtoorpoloresort.com

25 new things to do indoors in the UAE this summer — in pictures

  • Take a sushi-making masterclass at SushiSamba in Dubai. Photo: SushiSamba
    Take a sushi-making masterclass at SushiSamba in Dubai. Photo: SushiSamba
  • Roxy Cinemas is opening at Dubai Hills Mall this summer. Photo: Roxy Cinemas
    Roxy Cinemas is opening at Dubai Hills Mall this summer. Photo: Roxy Cinemas
  • Nakheel Mall has opened a VR-powered escape rooms venue with a board game cafe. Photo: Nakheel
    Nakheel Mall has opened a VR-powered escape rooms venue with a board game cafe. Photo: Nakheel
  • Back-to-school activities are ongoing at Dubai Hills Mall, pictured, The Dubai Mall and Dubai Marina Mall. Photo: Dubai Hills Mall
    Back-to-school activities are ongoing at Dubai Hills Mall, pictured, The Dubai Mall and Dubai Marina Mall. Photo: Dubai Hills Mall
  • Try the cannoli from Cipriani Dolci at Abu Dhabi's Marina Mall. Photo: Cipriani
    Try the cannoli from Cipriani Dolci at Abu Dhabi's Marina Mall. Photo: Cipriani
  • Anyone aged 5 and upwards can join in the Yas Mall Indoor Run this summer. Photo: Yas Mall
    Anyone aged 5 and upwards can join in the Yas Mall Indoor Run this summer. Photo: Yas Mall
  • Dubai Design District is hosting its Rethink Summer programme until August 26. Photo: Dubai Design District
    Dubai Design District is hosting its Rethink Summer programme until August 26. Photo: Dubai Design District
  • Deep Dive Dubai turned one in July.
    Deep Dive Dubai turned one in July.
  • The Mohammed bin Rashid Library spans seven storeys. EPA
    The Mohammed bin Rashid Library spans seven storeys. EPA
  • Adnec's Abu Dhabi Summer Sports is the biggest event of its kind in the Middle East. Photo: Abu Dhabi Summer Sports / Instagram
    Adnec's Abu Dhabi Summer Sports is the biggest event of its kind in the Middle East. Photo: Abu Dhabi Summer Sports / Instagram
  • A summer camp will be held indoors at the WB Abu Dhabi hotel.
    A summer camp will be held indoors at the WB Abu Dhabi hotel.
  • Ice Bar at The London Project on Bluewaters, Dubai. Chris Whiteoak / The National
    Ice Bar at The London Project on Bluewaters, Dubai. Chris Whiteoak / The National
  • Splatter Rooms in Abu Dhabi offers freewheeling art sessions for children and adults. Photo: Splatter Rooms
    Splatter Rooms in Abu Dhabi offers freewheeling art sessions for children and adults. Photo: Splatter Rooms
  • Ripe Market will be held indoors at Golden Mile Galleria and Circle Mall in Dubai this summer.
    Ripe Market will be held indoors at Golden Mile Galleria and Circle Mall in Dubai this summer.
  • Yas Island has a Kids Go Free offer this summer, which includes accommodation, food and access to its theme parks for children under 12. Photo: Ferrari World
    Yas Island has a Kids Go Free offer this summer, which includes accommodation, food and access to its theme parks for children under 12. Photo: Ferrari World
  • Saray spa at Marriott Al Forsan Abu Dhabi has discounts of up to 50 per cent this summer.
    Saray spa at Marriott Al Forsan Abu Dhabi has discounts of up to 50 per cent this summer.
  • Abu Dhabi Mall's Boxed In - Think In is the latest escape room to open in the capital. Photo: Boxed In - Think In
    Abu Dhabi Mall's Boxed In - Think In is the latest escape room to open in the capital. Photo: Boxed In - Think In
  • The Green Planet, Dubai, has an overnight camping experience. Chris Whiteoak / The National
    The Green Planet, Dubai, has an overnight camping experience. Chris Whiteoak / The National
  • The National Aquarium in Al Qana, Abu Dhabi, is home to 46,000 creatures and 300 species. Khushnum Bhandari / The National
    The National Aquarium in Al Qana, Abu Dhabi, is home to 46,000 creatures and 300 species. Khushnum Bhandari / The National
  • The Storm Coaster in Dubai Hills Mall is the fastest indoor roller coaster in the world. Photo: Emaar
    The Storm Coaster in Dubai Hills Mall is the fastest indoor roller coaster in the world. Photo: Emaar
  • Museum of the Future in Dubai requires visitors to book tickets well in advance. Chris Whiteoak / The National
    Museum of the Future in Dubai requires visitors to book tickets well in advance. Chris Whiteoak / The National
  • Central Yas Bay in Abu Dhabi has arcade games and bowling alleys. Victor Besa / The National
    Central Yas Bay in Abu Dhabi has arcade games and bowling alleys. Victor Besa / The National
  • Dubai Sports World offers indoor courts for padel, a popular sport in the UAE. Chris Whiteoak / The National
    Dubai Sports World offers indoor courts for padel, a popular sport in the UAE. Chris Whiteoak / The National
  • Theatre of Digital Art in Dubai is hosting a Digital Extravaganza exhibition led by Synti, a 3D holographic figure. Photo: Theatre of Digital Art
    Theatre of Digital Art in Dubai is hosting a Digital Extravaganza exhibition led by Synti, a 3D holographic figure. Photo: Theatre of Digital Art
  • Viking restaurant in Ajman is a cool new spot that will take you back in time. Photo: Viking
    Viking restaurant in Ajman is a cool new spot that will take you back in time. Photo: Viking
  • The Galleria Al Maryah Island is hosting a new Let's Walk fitness programme. Photo: The Galleria Al Maryah Island
    The Galleria Al Maryah Island is hosting a new Let's Walk fitness programme. Photo: The Galleria Al Maryah Island
  • Dubai Summer Surprises: a number of malls will hold sales from July 1 to September 4. Photo: DFRE
    Dubai Summer Surprises: a number of malls will hold sales from July 1 to September 4. Photo: DFRE
  • RAK Animal Welfare Centre in Ras Al Khaimah is looking for people to meet, play with and adopt pets. Chris Whiteoak / The National
    RAK Animal Welfare Centre in Ras Al Khaimah is looking for people to meet, play with and adopt pets. Chris Whiteoak / The National
  • Motiongate Dubai has launched its Coolest Summer promotion. Dubai Parks and Resorts.
    Motiongate Dubai has launched its Coolest Summer promotion. Dubai Parks and Resorts.
  • Studio 14 in Dubai has a Himalayan salt wall, which is beneficial when you're working out indoors in close proximity with others. Antonie Robertson / The National
    Studio 14 in Dubai has a Himalayan salt wall, which is beneficial when you're working out indoors in close proximity with others. Antonie Robertson / The National
  • An object discovered at Deir el-Medina by the Egyptian Museum of Turin. The museum, along with Sharjah Museum Authority, has put together an interactive exhibition targeted at school children called Deir el Medina: Village of the Pharaohs’ Artists. Photo: museoegizio / Instagram
    An object discovered at Deir el-Medina by the Egyptian Museum of Turin. The museum, along with Sharjah Museum Authority, has put together an interactive exhibition targeted at school children called Deir el Medina: Village of the Pharaohs’ Artists. Photo: museoegizio / Instagram
  • Alserkal Avenue in Dubai is hosting the Eyes Wide Shut exhibition. Photo: Alserkal Avenue
    Alserkal Avenue in Dubai is hosting the Eyes Wide Shut exhibition. Photo: Alserkal Avenue
  • The Alley DXB is a glow-in-the-dark padel court in Dubai. Photo: @thealleydxb / Instagram
    The Alley DXB is a glow-in-the-dark padel court in Dubai. Photo: @thealleydxb / Instagram
  • Thunder Road restaurant in Umm Al Quwain has an indoor retail store selling speciality Italian products, from olive oil to truffle everything. Photo: Pixabay
    Thunder Road restaurant in Umm Al Quwain has an indoor retail store selling speciality Italian products, from olive oil to truffle everything. Photo: Pixabay
  • Indoor golf and entertainment lounge MyGolf Dubai is open during the summer. Photo: MyGolf Dubai
    Indoor golf and entertainment lounge MyGolf Dubai is open during the summer. Photo: MyGolf Dubai
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

Results

1. Lewis Hamilton (Mercedes) 1hr 32mins 03.897sec

2. Max Verstappen (Red Bull-Honda) at 0.745s

3. Valtteri Bottas (Mercedes) 37.383s

4. Lando Norris (McLaren) 46.466s

5.Sergio Perez (Red Bull-Honda) 52.047s

6. Charles Leclerc (Ferrari) 59.090s

7. Daniel Ricciardo (McLaren) 1:06.004

8. Carlos Sainz Jr (Ferrari) 1:07.100

9. Yuki Tsunoda (AlphaTauri-Honda) 1:25.692

10. Lance Stroll (Aston Martin-Mercedes) 1:26.713,

Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

The years Ramadan fell in May

1987

1954

1921

1888

RESULT

Australia 3 (0) Honduras 1 (0)
Australia: Jedinak (53', 72' pen, 85' pen)
Honduras: Elis (90 4)

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Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

THE SPECS

Engine: 3-litre V6

Transmission: eight-speed automatic

Power: 424hp

Torque: 580 Nm

Price: From Dh399,000

On sale: Now

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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Gulf Under 19s final

Dubai College A 50-12 Dubai College B

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 258hp from 5,000-6,500rpm

Torque: 400Nm from 1,550-4,000rpm

Transmission: Eight-speed auto

Fuel consumption: 6.1L/100km

Price: from Dh362,500

On sale: now

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The Cockroach

 (Vintage)

Ian McEwan 
 

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

Updated: July 05, 2022, 6:12 AM