What type of trader are you?

[Timmy]

OK - so I have a theory that that there is a bit of every style in each person, just the result is the more dominant style .... my theory is based on nothing more than an idea so could be completely off track...

I enjoyed reading the descriptions of:
Independent Trader
Detailed Trader
Adventurous Trader
Strategic Trader
Planning Trader

Can those who are:
Innovative (talking to you Tech/a)
Administrative (Grinder)
LifeStyle (LOL...)
and any other,
post the summary up?

This is fun!

Edit: Actually, I did the test twice, separated by 24 hours, just to see what happened. Got the same result both times.

 

[Temjin]

You are an Administrative Trader!
People who fit into this category have several of the qualities that make a good trader. You tend to be practical and realistic, and decisive. You move quickly to implement decisions and these are all good for trading. You love facts and what you think is concrete. You are very good at making sure that things run smoothly. As a result, you tend to be good at organizing projects and people to get things done the most efficient way possible...
One of your Trading Strengths
You should have no problems staying with and executing a simple trading system that someone gives you and you feel confident about.
One of your Trading Challenges
You love the details of trading system analysis and development so much but you can often be working on the wrong things. Your efforts can be misguided if you are following the wrong guidelines or advice.

Yep, it kinda fits me.

One profile of another similar guy,

Tom Basso was the founder and CEO of Trendstat Capital Management until he retired in 2004. He was profiled in Market Wizards and known as Mr. Serenity. His focus was always on making sure that his clients could sleep at night.

Tom once said to me that "I am a businessman first and a trader second." That excellent thought process is typical of the Administrative Trader. Tom was always looking for things that human beings did repetitively in his business so that he could develop a system to do it automatically for them.

Shocking similar!!!!! Being a trader is not my upmost priority, it's the business side that attracts me more. hahah (develop a system to do it automatically) Ahhhhh, how true is that? hahaha

 

[tcoates]

For the detailed traders (myself included) I like the response that Warren gives...

Our model of the detailed trader is Warren Buffet who once said, "If you want to be a successful investor, then you have to know every detail of every listed stock. And when someone said, "but there are over 7000 listed stocks," Buffett responded, "Start with the A's."

Tim

 

[pattyp]

No other "You are a Planning Trader!" here...?

I kinda feel left out

I'm a FREAK!

 

[Temjin]

OK - so I have a theory that that there is a bit of every style in each person, just the result is the more dominant style .... my theory is based on nothing more than an idea so could be completely off track...

I enjoyed reading the descriptions of:
Independent Trader
Detailed Trader
Adventurous Trader
Strategic Trader
Planning Trader

Can those who are:
Innovative (talking to you Tech/a)
Administrative (Grinder)
LifeStyle (LOL...)
and any other,
post the summary up?

This is fun!

Edit: Actually, I did the test twice, separated by 24 hours, just to see what happened. Got the same result both times.

Try these links instead. The links may be hidden from access thru direct clicking, but what stops one from "typing" them. haha

http://www.tharptradertest.com/all-trader-types.aspx

Accurate- http://www.tharptradertest.com/accurate-trader-report.aspx
Administrative- http://www.tharptradertest.com/administrative-trader-report.aspx
Adventurous - http://www.tharptradertest.com/adventurous-trader-report.aspx
Artistic - http://www.tharptradertest.com/artistic-trader-report.aspx
Detailed - http://www.tharptradertest.com/detailed-trader-report.aspx
Facilitative - http://www.tharptradertest.com/facilitative-trader-report.aspx
Fun-Loving - http://www.tharptradertest.com/fun-loving-trader-report.aspx
Independent - http://www.tharptradertest.com/independent-trader-report.aspx
Innovative - http://www.tharptradertest.com/innovative-trader-report.aspx
Planning - http://www.tharptradertest.com/planning-trader-report.aspx
Strategic - http://www.tharptradertest.com/strategic-trader-report.aspx
Socially-Responsible - http://www.tharptradertest.com/socially-responsible-trader-report.aspx
Supportive - http://www.tharptradertest.com/supportive-trader-report.aspx
Values-Driven - http://www.tharptradertest.com/values-driven-trader-report.aspx

Yes, this is exactly why I'm administrative...haha grinding...

Another reason maybe I'm quite extravert and is a social freak. (ok, not really..) Whereas, most people would view traders as being introvert and always being themselve.

 

[Porper]

The same as Mr Radge, obviously he is teaching me well........................I think.


You are a Strategic Trader!

You probably live in a world of ideas and strategic planning. This is because you value intelligence, knowledge, and being competent. These are great qualities for a trader/investor. In fact, you have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). You have an original mind and a great drive to implement your ideas and achieve your goals. Thus, if trading success is important to you, you'll probably find a way to achieve it...

One of your Trading Strengths

Originality and drive; willingness to follow your ideas through to completion.

One of your Trading Challenges

Probably so logical that you don't recognize when emotions are causing you to self-destruct.

 

[pattyp]

Planning Trader


"Ed Seykota is an MIT graduate who became one of the first computerized trend followers in the 1960s. Ed also really understood position sizing and used it to accomplish his objectives in trading. I cannot imagine a bigger edge - it's like going back in time with today's technology. But when I met Ed in 1990 all of his software was written in assembly language.

Ed might easily be called the Bill Gates of trading. And Bill Gates, if he were a trader, would be a fine example of a planning trader."


LoL - I got it a second time...

And its very ironic because I am a Software Engineer By Trade

 

[Timmy]

Try these links instead. The links may be hidden from access thru direct clicking, but what stops one from "typing" them. haha

Thanks Temjin - makes it easy!

 

[Temjin]

Thanks Temjin - makes it easy!

No worries.

I redid the test a few times as there were still some questions that I wasn't so sure of. (maybe it's because of my English being the second language) But most of the questions I was pretty dead set on, so I played around with combinations of those that I wasn't 100% sure and I got either an administrative or a planning. It came out pretty much half and half too.

And the planning trader description does fit me quite well to. (along with administrative)

 

[Grinder]

It's scary how true some of it can be, even when you don't want it to be. Keep on grinding Temjin and other admins...

 

[sleepy]

You are a Strategic Trader!

You probably live in a world of ideas and strategic planning. This is because you value intelligence, knowledge, and being competent. These are great qualities for a trader/investor. In fact, you have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). You have an original mind and a great drive to implement your ideas and achieve your goals. Thus, if trading success is important to you, you'll probably find a way to achieve it...

One of your Trading Strengths

Originality and drive; willingness to follow your ideas through to completion.

One of your Trading Challenges

Probably so logical that you don't recognize when emotions are causing you to self-destruct.


-------

Interestingly, the example trader given for a strategic trader is Paul Tudor Jones ... and it states that he is known for saying, "I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have"

http://www.tharptradertest.com/strategic-trader-report.aspx

Sounds so like Nick Radge! .... no wonder his also came up as strategic.


sleepy

 

[motorway]

You are a Strategic Trader!

You probably live in a world of ideas and strategic planning. This is because you value intelligence, knowledge, and being competent. These are great qualities for a trader/investor. In fact, you have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). You have an original mind and a great drive to implement your ideas and achieve your goals. Thus, if trading success is important to you, you'll probably find a way to achieve it...

One of your Trading Strengths

Originality and drive; willingness to follow your ideas through to completion.

One of your Trading Challenges

Probably so logical that you don't recognize when emotions are causing you to self-destruct.

motorway

 

[cuttlefish]

It says I'm a Strategic Trader as well - and I'd say the description does seem to match pretty well to how I'd view my trading/investing.

 

[wayneL]

I wonder if there is Lifestyle Trader?... or is that just in another thread (world?)

I guess I came out pretty close according to the test:

You are a Fun-Loving Trader!

You tend to be optimistic, outgoing, playful, loving life, the people around you and your material comforts. You probably enjoy working with others to make things happen and are more gregarious than the other trader types, finding security in your connection with others. You also bring a logical, common sense approach to your work. And you like to things to be fun. You are highly productive and have an infectious zest for life...

One of your Trading Strengths

If you choose to trade, you would be optimistic about your chances in the markets.

One of your Trading Challenges

You will have a tendency to throw good money after bad to try to jumpstart a losing trade and turn it around.

Hmmmm dunno about that bit in the red, have never had a challenge getting the #### out when it turns to crap.

 

[GreatPig]

You are a Planning Trader!

You tend to be decisive and to the point. You'll quickly assume leadership when it is called for by the circumstances around you. You have the ability to quickly develop and implement trading systems to meet your needs. You have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). You can easily spot logical inefficiencies in the market and take advantage of them, especially if you are pointed in the right direction. You enjoy long-term planning and goal setting and seem to enjoy learning, expanding your knowledge and staying well-informed...

One of your Trading Strengths

Originality and drive; willingness to follow your ideas through to completion.

One of your Trading Challenges

Probably so logical that you don't recognize when emotions are causing you to self-destruct.

Yep, sounds like me

GP

 

[Whiskers]

I'm an Independent Trader.

If the markets interest you, you'll probably work to develop a logical explanation for how they work. This is because you love theoretical ideas and abstract concepts (in fact, much more so than people interactions). This can be great for trading success, if you don't get too theoretical. This type of trader profile suggests that you value knowledge above all else. As a result, you'll be constantly generating new ideas about the market or trying to disprove the ideas that you learn from others. This can be a blessing, as a trader, if you transform this skill into developing a business plan for your trading. On the other hand, it could also be a weakness if you cannot translate it into a sound plan.

You probably are quiet, contained, and adaptable. In addition, I suspect that you can focus in depth on solving a problem in whatever areas interest you. As a result, you can probably succeed very well in the trading arena, if you don't get too focused on concepts that do not work.

You tend to be skeptical, analytical, and sometimes critical. These are also good qualities for a trader. In addition, you probably are very independent, unconventional, and original. These qualities are perfect for traders/investors because they will drive you to develop a system or methodology that FITS YOU rather than attempt to use something that someone else has developed.

Because you have simple day to day needs you are easy to get along with, Personal conflict doesn't really threaten you.

You have two of the three qualities that we find the best traders/investors tend to have. Thus, if you apply yourself, you have the potential to do very well as a trader/investor.

What only two!?

Geeses, what have I missed!?

Trading Strengths

You can quickly determine if a new style of trading or system will fit well with your personality.
You can rapidly evaluate when something is working for you.
You like the challenge of sorting out market conditions and like the intellectual stimulation of developing and planning low risk trading ideas.

Trading Challenges

Your trading could dominate your time and you could become socially isolated, which in turn could upset others, particularly if you have a spouse.
You may reject or abandon workable systems if the logic isn't clear; because you don't understand the systems boundaries ahead of time.
You are a human being not an android, and you do have emotions. You just don't pay that much attention to them.

Well, thats pretty right. Pretty well agrees with previous personality and facilitator training where I learnt a bit about my 'normal or natural style and how to style-flex, manage other styles and understand people's different learning styles.

Example Trader

Data - the Prototype of the Independent Trader

What we discovered about Independent Traders is that they like their anonymity. So they don't stand out. And of those who have achieved some fame, such as William Eckhardt, the mathematician of Market Wizard's fame, we have trouble finding out much about them. They don't do interviews and there were certainly not any pictures of them available.

However, Independent traders tend to be flawlessly logical and a storehouse of knowledge. They have a logical explanation of everything. And a great example of that is - Data from StarTrek, The Next Generation.

Data, when kissing a woman, was asked for his thoughts. He responded, "In that particular moment, I was reconfiguring the warp field parameters, analyzing the collected works of Charles Dickens, calculating the maximum pressure I could safely apply to your lips, and considering a new food supplement for Spot..." However, it's also important to understand Data from the following quote, "you must be aware I am programmed to evolve--to better myself."

If you don't like thinking about Data as a prototype, then perhaps some of the historical figures who could fit into this category would appeal to you. How about Albert Einstein, Socrates, and Abraham Lincoln?

Yes indeed, it wasn't until a few years ago that I found a fascinating connection to one of them.

PS:

Interestingly, the example trader given for a strategic trader is Paul Tudor Jones ... and it states that he is known for saying, "I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have"

http://www.tharptradertest.com/strategic-trader-report.aspx

That's what I needed to know when I was much younger... well, before the ex split anyway.

 

[Dukey]

....

Yes indeed, it wasn't until a few years ago that I found a fascinating connection to one of them.

Coo-el Whiskers!! are you Albert Einstein's love-child???

I hear he got around - the ol' devil!!! :silly:

 

[chrissyoscar]

Looks like I'm a Socially Responsible Trader.

Socially Responsible traders tend to be very loyal, especially to your values and to people who are important to you. In addition, you want an external life (and a market) that is congruent with your values. However, the market is going to do what it is going to do. You tend to be quick at seeing the possibilities, meaning that you can easily find opportunities in the market. You probably deal with the market according to your personal values and how you feel at the time...

One of your Trading Strengths

Totally motivated by your values and what "feels right" to you.

One of your Trading Challenges

Without an understanding of how to evaluate systems, you may persist in your market and trading beliefs despite the weight of objective evidence to the contrary.

 

[Whiskers]

Coo-el Whiskers!! are you Albert Einstein's love-child???

I hear he got around - the ol' devil!!! :silly:

Well, half right... but I ain't sayin which half. :

 

[Dukey]

Well, half right... but I ain't sayin which half. :

hopefully it's the half with his brain in it!!!::

.. as I'm sure it must be - since I'm apparently an indy trader too :