Which type of trader?

There are many type of traders, an awareness of the varieties allows you to avoid the pitfalls.

THE DISCIPLINED TRADER
This is the ideal type of trader, you take your profits and loses with ease, you focus on your system and follow it with discipline.Trading is usually a relax activity,you appreciate that a loss does not make you a looser.

THE DOUBTER
you find it difficult to execute at signals, you doubt your won abilities.You need to develop confidence.Perhaps you should paper trade.

BLAMER
All losses are someones else ’s fault, you blame bad fills, your broker for picking the phone up to slowly , our system for not being perfect, you need to regain your objectivity and self-responsibility.

VICTIM
You blame yourself, you feel the market is out to get you, you start becoming superstitious in your trading.

OPTIMIST
You start thinking it’s only money , ill make it back later. you think all losses will bounce back to profits, or that you will start trading properly tomorrow.

GAMBLER
You are in for the thrill, Money is a side issue. Risk and reward analysis hardly figure in your trade, You want to be a player, want the buzz and excitement.

TIMID
You enter a trade, but panic at the sight of a profit and take it far to soon, Fear rules your trading.