Continue reading...What sort of trader are you? A Trigger Happy Terry or a Fatalistic Fred. In this article the author looks how most traders fall into certain trading ‘types’.
?Know thyself? exhorted the ancient Greeks. Pursue intelligent, disciplined self enquiry and you will come to understand the treasures of the self. This timeless Delphic dictate could, I believe, serve well as a focus for effort for those who today would profit from trading the financial markets. Know your own strengths and weaknesses, physically, mentally, emotionally and spiritually. Accept and understand them and learn how they relate to and feature in the market environment and you give yourself some valuable edges.
You gain clarity of purpose. You have the conviction to stand behind your actions and the equanimity to ride out the vicissitudes of the market. You are also better equipped to structure for yourself a methodology that reflects your personality and risk profile. Also, and crucially, you begin to lift the...
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