Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets. What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, it becomes quite possible to match different ?blood types? of those traders with their correct ?trading diets.? Clearly, we?re not talking the medical blood type here, but in the figurative sense it makes the right point. With practice, it?s not too hard to determine blood types (type of trading best suited to the individual) based on the personality of the trader, and then prescribe a diet based on that individual trader?s capital, experience, risk profile and schedule.
Discovering Your Blood Type and Trading DietJust like a diet, where there is no right plan for everyone, in trading there is no single plan for all traders. Before...
