A fantastic presentation by Kenneth Reid on the 3 genetic trading types http://www.easysignal.com/Audio/drken.wav
i guess its supposed to be a funny insult not very funny, insult out of context... however one might decide im looking at it from the wrong perspective
Guys - I think the concept of the three trader types is really important to understand. Moreover, I don't think it's possible to generalize as Dr. Ken did about 90% of the Type 1 traders losing their accounts. I witnessed a Type 3 trader blow-up in a unforgettable fashion. It's really important to be able to catch oneself "freezing" or "day-dreaming" or "going into a state of confusion" while in a trade. Been there, done that....I know what he was talking about.
I've seen a scalper (and he is the best I've ever seen) that normally racks up 20 grand before lunchtime and never stays in a trade longer than a few seconds hold onto a loser for 90 minutes and lose 30K so nobody is immune to the odd brain fart