Yeah the common definition of confident and surrounded by associates versus shy and avoiding contact is flawed. To me,its an energy thing.You can be confident and outgoing but if it tends to suck your energy then I consider you to be an introvert.If,however,you are lifeless until surrounded by people and absorbing their energy then I would consider you to be an extrovert. Extrovert to me is the more fragile of the two. An introvert would prefer to apply his energy to an endeavour and would likely select a lofty endeavour.
97% are introverts? ie most of us are gifted to be traders. So go polish the worthless gem into a priceless gem.
Everybody is attracted to trading for a living because there is $$ to be made and you are your own boss answering to no one, the best of what any profession can offer.
Big money is made by those who are extroverts skilled in making money and attracting other people into their orbit. e.g. kathy woods, stevie cohen, paul tudor
%% EVEN if its 80% introverts - to 20% extroverts; so what?? 80% businesses fail, so logic could suggest for some, dont even try LOL?? But its a good area to study anyway, it helps understanding people. But the bottom line is for people that want their own business, doesn't matter what % fail. Good question+ study. Flo[extrovert] Littauer has some excellent books on the subject. Her nicknames for main personality types, even though blends are most common; Talker, thinker, watcher, worker.[1st + last are the introverts, mid 2 =introverts] Bill Gates seems to be a thinker- worker, type, so an introvert blend isn't an automatic disadvantage LOL
Stevie Cohen, who made $$ through inside trading is not what I would consider as making money. It's called cheating.
Based on the results I wrote and posted a few pages of a small book I might put together. The PDF is in this other thread along with a survey question at the top. Thanks for your votes and input. https://www.elitetrader.com/et/threads/hypothetically-would-you-buy-this-book.375381/
The effectiveness of a futures trader is not solely determined by whether they are an introvert or extrovert. Both personality types can excel in futures trading, and their success is influenced by various factors beyond their personality traits. Here are some considerations to understand how introverts and extroverts can leverage their strengths in the world of futures trading: Introverts in Futures Trading: 1. Focused Analysis: Introverts tend to excel in tasks that require deep focus and introspection. In futures trading, this can be advantageous as introverts often have a natural inclination towards thorough research, meticulous analysis, and developing well-defined trading strategies. 2. Disciplined Execution: Introverts typically display high levels of discipline and self-control. These qualities can be invaluable when it comes to sticking to a trading plan, following risk management strategies, and resisting impulsive decisions driven by external factors or market noise. 3. Independent Decision Making: Introverts often thrive in solitary environments and are comfortable making independent decisions. In futures trading, this self-reliance allows introverts to trust their analysis, follow their instincts, and maintain a consistent approach to trading without being overly influenced by external opinions or market sentiment. Extroverts in Futures Trading: 1. Networking and Information Gathering: Extroverts thrive in social settings, making it easier for them to build networks and engage with industry professionals. This can provide them with access to valuable market insights, trading ideas, and diverse perspectives that can enhance their decision-making process. 2. Active Engagement in Market Events: Extroverts tend to enjoy active engagement and participation in market events, conferences, and trading communities. Their outgoing nature allows them to exchange ideas, discuss strategies, and stay informed about market trends in real-time, which can be advantageous for adapting to dynamic market conditions. 3. Effective Communication: Extroverts excel in communication skills, which can be beneficial when articulating trading ideas, negotiating positions, and establishing relationships with brokers, clients, or counterparties. Clear and effective communication can enhance their ability to navigate the futures market successfully. In summary, both introverts and extroverts have unique qualities that can contribute to their success as futures traders. Introverts often leverage their focused analysis, disciplined execution, and independent decision-making, while extroverts tap into their networking abilities, active engagement in market events, and effective communication skills. Ultimately, a successful futures trader is not solely defined by their personality type but by their ability to leverage their strengths, adapt to market conditions, implement effective strategies, and maintain discipline in their trading approach.
I think the majority would be introverted. Traders, people that write code and other jobs that don’t require a lot of personal interaction. After taking the Meyers- Briggs test a few times I am definitively an INTJ - introverted, intuitive, Thinking, Judgemental. It’s the second least common personality with 2 percent of the population being this way. It would be interesting if you posted a link for the test and did a pill for the results. I bet the people here would have similar traits.