I came out as an Independent Trader.
Trading Strengths
- You can quickly determine if a new style of trading or system will fit well with your personality.
- You can rapidly evaluate when something is working for you.
- You like the challenge of sorting out market conditions and like the intellectual stimulation of developing and planning low risk trading ideas.
Trading Challenges
- Your trading could dominate your time and you could become socially isolated, which in turn could upset others, particularly if you have a spouse.
- You may reject or abandon workable systems if the logic isn't clear; because you don't understand the systems boundaries ahead of time.
- You are a human being not an android, and you do have emotions. You just don't pay that much attention to them.
What was particularly interesting was the Strengths and Challenges. The one I am most surprised about is the isolation remark and how it can affect my social life. I find, the more I trade, the less time I spend with others unrelated to my trading. I have to "take the needle out of my arm" as Joe DiNapoli once said about the addictive nature of trading. I have tried various approaches, swing trading, auto trading. Nothing seems to keep me away from the markets, in profit and in loss, I am a true market addict.
See for yourself, where do you fit into the trader personality matrix?
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