DUBAI// Two men were this morning convicted of the attempted armed robbery of a jewellery shop and jailed for two years by Dubai Criminal Court of First Instance.
MA, 31, and TA, 25, both from Pakistan, were charged with attempted armed robbery and damaging property, but admitted only planning to rob the shop in the Naif area of Deira in May.
The two men planned the armed robbery after watching the Diamond Palace store for a few days, prosecutors said. They entered the shop and posed as potential buyers.
They attacked AR, a sales assistant, with knives and MA gagged the victim then tried to throw him down, but AR resisted and screamed for help.
A sales assistant from the next shop said he heard screaming and rushed to the shop when he saw both men assaulting the victim.
They broke a plate-glass door in the shop when they ran through it to escape being caught, said a witness, AP, adding he chased them and caught one, whom he restrained until police arrived.
AP said when he caught AM, there was blood all over his shirt but his knife was left on the shop floor.
No jewellery was found when AM was caught. MA and TA will be deported after completing their sentence.
salamir@thenational.ae
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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.
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