Tuesday, February 7, 2012

Which type of trader are you ?

Type classification of traders following which I will greatly affect the success in trading. No matter you are scalper, day trader or a swinger. No matter whether you are also followers of the flow of technical or fundamental. Here I will not differentiate types of traders based on time frame or the type of analysis you use. After all, whatever time frame you use, or any kind of analysis you use, you can become a successful trader.

I would classify the type of trader into 2 groups that will lead to differences in the likelihood for success, namely: a disciplined trader and the trader is not discipline.
 
If asked, you are not disciplined trader? Mmm ... Well, how well?To make it easier to assess ourselves into the type of which, let's see wrote characterize each type of trader

Traders who do not have the discipline of the following traits:
  1. Not have a system, and if there is a system, tend not to be obeyed 
  2. Do not understand that karaketeristik trader is different 
  3. Trade based on the suggestions / recommendations from the other party whether other traders, internet site, forum and so on, but sometimes each of these sources do not use the same method
  4. Not using the risk management, money management and trade management 
  5. Originally see opportunities directly taken without much deliberation, expecting only a short-term profit
  6. Trading based on emotion
  7. Think that trading is easy and a quick way to rich
Disciplined traders who have the following traits:
  1. Have and follow a certain system and follow it consistently 
  2. Understanding the importance of trading and the trading system by using the system in accordance with the circumstances and his style is the main capital to achieve success 
  3. Do not rely on the analysis of signals or other parties in the trade and only if the trading system that was followed by a positive signal 
  4. Understanding the importance of risk management, money management and trade management 
  5. Not just from taking the opportunity to take short-term profit 
  6. Understanding the emotional impact in the trade and to control emotions
  7. Understand that to be a highly successful trader requires experience and not expect instant success

Well, now try to review yourself. From the above points, about which more in the trade describe your character?

Sure to be a disciplined trader does not mean you instantly get a consistent profit. But, nevertheless, to be a successful trader you must first become a disciplined trader, because there is no successful trader from the class of traders who are not disciplined.

Ok. If you feel you have become a disciplined trader, does not mean you then have accepted the verdict to be a trader fails to really ... Hey, it's never too late to change yourself right?

Yourself that now is the formation of the past. Yourself in the future is the formation of what you are doing now.

So? If you still feel like a failure at this time, just forget the past ... Do not dwell on the past. Transform yourself from now on. And enjoy the results in the future.

If you then decide to not be a trader, discipline habits remain a good one to be applied in everyday life, whatever your profession. So why would not hurt to make our discipline as a daily habit.

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