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The Ideal Trader's Mindset (Survey)

Psychology is the most important aspect of trading. Let's see where you're are with your mindset as a trader. 

Some of the questions on this assessment are "graded" and some are not. Keep in mind, these are questions about your mindset, so your answer is not necessarily "wrong." If something say's incorrect, that simply means it's a part of your psychology that might need some work on your journey to becoming a successful trader. 

 

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Question 1 of 19

To make money as a trader, you have to know what the market is going to do next.

A

Agree

B

Disagree

Question 2 of 19

I often have the feeling that "there must be some way to trade without ever taking a loss."

A

True

B

False

Question 3 of 19

Making money in the market is primarily due to market analysis. 

A

True

B

False

Question 4 of 19

Losses are an unavoidable component of trading. 

A

Agree

B

Disagree

Question 5 of 19

My risk is always defined before I enter a trade. 

A

True

B

False

Question 6 of 19

In my mind, there is always a cost associated with finding out what the market might do next. 

A

Agree

B

Disagree

Question 7 of 19

I'd never get in a trade without knowing for sure that it was going to go in my favor. 

A

True

B

False

Question 8 of 19

My strategy tells me in exactly what circumstances to either enter, or exit a trade. 

A

True

B

False

Question 9 of 19

Even if a trade has reached my stop-loss, I find it extremely difficult to exit the trade. 

A

True

B

False

Question 10 of 19

I would describe my profit/loss as some small wins, followed by large losers, often larger than my winning trades. 

A

True

B

False

Question 11 of 19

I often find myself feeling that "the market is against me personally."  

(Non-graded answer)

A

True

B

False

Question 12 of 19

A traders job is to recognize patterns that present opportunity, and then take a defined risk to see whether or not that pattern will play out in their favor. 

A

True

B

False

Question 13 of 19

Sometimes I can't help feeling that I'm a victim of the market. 

(Non-graded answer)

A

True

B

False

Question 14 of 19

My trade entries and exits are both based on the same timeframe. 

A

Agree

B

Disagree

Question 15 of 19

Trading successfully requires a mental mindset far beyond the scope of most people. 

(Non-graded)

A

Agree

B

Disagree

Question 16 of 19

I have difficulty acting on my analysis, often hesitating until it is too late. 

A

True

B

False

Question 17 of 19

No matter how much money I make on a trade, I am rarely ever satisfied, and feel that I could have made more. 

A

True

B

False

Question 18 of 19

When I put on a trade, I find I have a positive attitude. 

(Non-graded)

A

True

B

False

Question 19 of 19

A traders most important belief is a believe in the randomness of the market, and the consistency of their strategy over time. 

A

Agree

B

Disagree

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