"What type of trader are you ?"

BONECRUSHER · May 14, 2008

Strategic trader. I should've known because I try to find all the flaws and any edge in everything I do! Not just trading. I've been known to drive people nuts with over-thinking everything and trying to see every angle possible.

Cr0nos · May 14, 2008

Quote from epiktetos:

Values-Driven Trader

Value Driven Traders typically need to do their own thing and trade something they deeply believe in that is self-generated. If you've listened to the media about what's important to success, then you could find yourself trading with some version of that, but with disastrous results. You tend to get your sense of meaning out of relationships, ideas, and material possessions, which suggests that you would tend to be motivated to make money. You have two out of the three characteristics that make a great trader; but your focus on the material could be your undoing.

You probably tend to trust your instincts above all else. This can be good for traders and investors if you've managed to train your instincts through extensive market experience. But without such training, it could be disastrous.

You are also very interested in what motivates others and are very insightful about what's going on in them. While this is a useful characteristic in life, it has little relationship to trading. And if this drives you to try to understand the markets, it could cause you problems.

You also have a clear sense of your values and a true commitment to them. As a result, you tend to develop a clear vision about how to best serve the good of all. And as a result, you tend to be very organized and decisive in implementing your vision. And if trading is part of your vision, and you develop a sound business plan, then you'll probably be very good at it.

You also tend to be very creative and somewhat independent. You are probably not that good with details, but you are great at developing ideas for trading. You do have two of the three qualities that we see in top traders. Thus, if you are willing to commit yourself and do the work necessary, you could do very well as a trader.

Trading Strengths
Can readily grasp how the markets work and develop new low-risk ideas.
Totally motivated by your values and what "feels right" to you.
You are an independent thinker and tend to do your own thing.
Very self-directed.

Trading Challenges
If you accept the status quo of society and how trading "should be done" as your understanding of the markets, then you'll probably jump right in and make a mess of things.
Your focus and emphasis on principles may cause you to overlook details requiring your attention. You are prone to act on your insightful feelings without analytic confirmation.
You may become quickly frustrated when your systems do not seem to be operating as you feel they should. If you haven't spent time working on yourself then your emotions can easily get the better of you and sabotage your trading.
More...

It seems like we are not numerous to belong to the 'Values-driven-trader' type
Anyway it is pretty accurate. ( but maybe everyone could see himself in the description )

Cronos

jonny0000 · May 14, 2008

What a nice little analysis to have on one of the first threads i read as a new member.

Unfortunalty I think the site was suffering from higher server load and was very slow and crashed halve way through - I'll try again later

heywally · May 14, 2008

Detailed trader

I was in between on a lot of choices but needed to pick a or b so ... I don't know.

Questions like

Do you trust:

Experience
Gut instinct

were muddy to me since I think that 'gut instinct' largely comes from experience (can be more or less close to reality).

Didn't think much of the test

buylo · May 14, 2008

Innovative Trader

Through most of those questions, I was torn with my responses because I think differently in my personal life as opposed to my trading life.

I really haven't innovated much in my trading life and tend to be a chartist and trade for key levels.

Oh well.

robbie380 · May 14, 2008

i got adventurous trader....that was worthless and van tharp is worthless

ericlbn27 · May 27, 2008

Quote from nutmeg:

I am a Planning Trader!

More...

good, very good. I'm as well

ericlbn27 · May 27, 2008

Nice test.

trader56 · May 27, 2008

Quote from Thermactor:

You are a Bad Trader!

The Bad Trader type suggests that you are very gullible and stupid. You tend to earn your failure by being capricious, mercurial, idiotic, disorganized, and dumb. You are also unrealistic and irresponsible. You have none of the three qualities that are necessary for trading success. Thus, if you are willing to commit yourself, you'll probably be quite unsuccessful as a trader.

One of your Trading Strengths

You provide liquidity for the market and traders who know what they are doing. You are an integral part of the system and trading wouldn't be trading without the money that you provide.

One of your Trading Challenges

Everything

Your trader archetypes:
Brian Hunter, Timothy Sykes, stock_trad3r, HedgeFundTrader2, day7793
More...

The best laugh I've had on ET in quite some time, except, possibly, for the threads from these "archetypes!

Absolutely superb!

Oh, and Strategic here, apparently - especially if I ignore the article from the Sceptic, LOL! Another great contribution as well!

trader_david · May 28, 2008

I am an impulsive trader. the test really means something.
I trade randomly, without any plan, trade what I see or think to trade. everyday I traded different symbols, made money and move on, lost money and move on.

lik today in the morning opening, I was shorting DAKT at 19.97, covered it at 18.65, then I saw LEH, kind of funny, an idea sunndenly said to me" short financial stocks, they are in the trash", then I just hit the button and shorted LEH at 37.3, covered it at 35.5, then saw MTL, that thing is shooting,checked 6months charts, looks great, then I bought it at 55 and killed it at 55.85, nice day.

that syle really produces me money