ABU DHABI // Two boats collided offshore Zaya Nurai Island in Abu Dhabi on Thursday.
An official at the emergency department of Abu Dhabi’s coast guard police confirmed the next day that the collision was due to the captains’ mistakes and the boats’ poor condition to operate in that area.
But he ruled out that incident was due to stormy weather conditions that day.
Although the official did not confirm whether there were any injuries, he said the parties concerned were all “fine.”
According to sources on the island, a man and woman were reportedly injured with cuts to the head and around 40 people from both boats were treated for shock.
The incident happened during the Formula One 2016 Abu Dhabi Grand Prix drivers’ press conference.
The water was said to be very choppy that night with strong winds.
Zaya Nurai Island Resort is situated along the Arabian Gulf in Abu Dhabi, a 12-minute boat ride from Saadiyat Island and a 60-minute journey from Downtown Dubai.
newsdesk@thenational.ae
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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Date of start: 2013
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