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Personality Types, and Your Trading Style

Uncategorized May 28, 2020

I'd like to invite each one of you to take a couple different personality tests. After I was talking to Charlie yesterday about my biggest issue in trading, he laid a big one on me. 

Me: "I have a strategy that is 90% accurate. How is it that I still hesitate to get in trades, and I still take my profits too soon? I don't care about the money. Whatever amount of money I lose in a trade can always be replaced. I just don't want to be wrong." 

Charlie: "That's because you're an Enneagram Type 5. You fear being wrong, and want to have everything figured out."

Why this matters:

As I've said repeatedly, psychology is the most important part of trading. With this in mind, I'd love to see some of your personality types. If we match on types, I might have some even better insight on ways to improve your trading. It's unbelievable to take one of these tests and then see the description of your type describe you perfectly. 

Charlie is care-free, and I am definitely not. That being said, it might be the difference between trading a riskier strategy, or a systematic and long term approach. You need to trade the style that fits your brain. If and when you have the time, I'd love to see some of your results. 

You are welcome to post your type in the comment thread, or send it to me or Charlie in an email. 

My favorite test: Myers-Briggs

Charlie's Favorite: Enneagram

[email protected]

[email protected]

 

 

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