Trader's Personality Quiz

[Black Swan]

saw this a while back, liked the result and commentary that accompanied it , no cheating.

The following questions are designed to help you assess facets of your personality that are related to the kinds of trading approaches that are likely to work for you. There are no right or wrong answers, and none of the questions are designed to evaluate your emotional stability or mental health. Rather, we are trying to find out your personal style, so that you can match it to your trading style.

Some of questions refer to your trading, if you are not already trading then substitute trading with making a major purchase like buying a house or a new car. Further if you are not already trading then substitute mentions of the market and market action as the negotiation of the price on your new house or car purchase. Each item consists of two statements

Share trading personality assessment tool

 

[DaxDestroyer]

You have scored highly on a personality trait called conscientiousness.

You have scored low on a personlaity trait called neuroticism.

You have scored low in measurement of a trader's risk aversion, you are classified as more of a risk seeking trader.

Seems to be not too far from the truth

 

[Black Swan]

You have scored highly on a personality trait called conscientiousness.

You have scored low on a personlaity trait called neuroticism.

You have scored low in measurement of a trader's risk aversion, you are classified as more of a risk seeking trader.

Seems to be not too far from the truth

similar result to me, the only question I had to think about (for a few seconds) was the car ome, you kinda know the 'required' answer is comfortable and safe but FFS fast and exciting at any time of life surely?

 

[Technically Fundamental]

same as dax

 

[trendie]

same as dax.

 

[arabianights]

Exact opposite to dax.

You have scored low on a personality trait called conscientiousness. A conscientious person is someone who has a high degree of self-control and perseverance. Traders who are low in conscientiousness will have difficulty following explicit rules and often trade more discretionarily. Trying to trade in a highly structured manner will only frustrate a trader who is low in conscientiousness. Such a trader would do better with big picture trades that do not require detailed rules and analysis. Less frequent trades with wider risk parameters will come easier to the trader lower in conscientiousness.

You have scored high on a personality trait called neuroticism. Neuroticism is the tendency to experience negative emotions. The trader prone to neuroticism tends to experience more emotional interference in his or her trading. Wins can create overconfidence; losses can create fear and hesitation.

Neuroticism is a mixed bag when it comes to trading. Often the person who is high in neuroticism is emotionally sensitive and can use this sensistivity to obtain a gut feel for market action.

Very active trading methods are particularly challenging for such traders, as they don't allow much time for regaining emotional equilibrium after losses. This can lead to cascades of losses and significant draw downs of equity.

You have scored low in measurement of a trader's risk aversion, you are classified as more of a risk seeking trader.

The risk-seeking trader is one who enjoys stimulation and challenge. Larger positions and longer holding periods are easier to tolerate for the risk-seeking trader. Very often, the risk-seeking trader will be impulsive in entering trades and will have difficulty trading during periods of boredom (low volatility).

Trading too small will bore the risk-seeking trader, who will then lose focus.

 

[oiltanker]

i reckon star signs might work too

 

[minime69]

You have scored highly on a personality trait called conscientiousness.

You have scored high on a personality trait called neuroticism.

You have scored high in measurement of a trader's risk aversion.

 

[oiltanker]

i remember a questionnaire to see if you were a 'real man' and after you had gone through the whole process and counted the points the answer always came out 'real men don't fill out questionnaires'.

 

[Joey25]

It's advised me to go for a mechanical approach with an emphasis on position sizing, which is pretty spot on

 

[minime69]

where does it advise on what way you should trade?

 

[tar]

You have scored highly on a personality trait called conscientiousness
You have scored low on a personlaity trait called neuroticism
You have scored high in measurement of a trader's risk aversion

thats not true i am a risky trader !

 

[blackcab]

Low for all three, with which I disagree.

 

[new_trader]

Dimension 1.

You have scored highly on a personality trait called conscientiousness. A conscientious person is someone who has a high degree of self-control and perseverance. Conscientious traders are good rule-followers, and they often do well trading mechanical systems. Similarly, very active trading with rigid loss control will come easier to the conscientious trader. Ideally, you want a style of trading that is more structured and detail-oriented if you are more conscientious.




Dimension 2.

You have scored low on a personlaity trait called neuroticism. The trader who is low in neuroticism is more likely to react to trading problems with efforts at problem solving and analysis. He or she will not take wins or losses particularly personally.

Neuroticism is a mixed bag when it comes to trading. Often the person who is high in neuroticism is emtionally sensitive and can use this sensitivity to obtain a gut feel for market action. The trader who is low in neuroticism may experience little emotional disruption with trading, but may also be closed off to subtle, intuitive cues when a trade starts to go sour.

It is much easier for the non-neurotic trader to turn losses around, since these are less likely to be tied to self-esteem.


Dimension 3.

You have scored high in measurement of a trader's risk aversion. A risk-averse trader is one who cannot tolerate the possibility of large losses and who would prefer smaller, more frequent wins with controlled losses to larger wins with greater drawdowns. With the scoring of your responses, you are a relatively risk averse trader.

Trading with careful stops and money mangement, and trading smaller time-frames where risk can be controlled with the holding period will come most naturally for the risk-averse trader.

The risk-averse trader often experiences difficulty hanging onto winning trades and will cut profits short to avoid reversals. This trader will be challenged during periods of high market volatility. Position sizing is key and often overlooked as a trading variable.

Trading too large will overwhelm the risk-averse trader, who will also then lose focus.