What type of trader are you?

[Axiory]

Hi everyone,

Just out of interest, what type of trader are you?

Also, please leave a comment as to why you choose that type.

Are you:

Scalper - Looking to hold positions for a matter of minutes.
Day Trader Looking to close out all positions by the end of the day

Swing Trader - Holding a trade open for between a day and a week

Position Trader - A trader who is looking to hold a position for a number of weeks

Long Term Trader - Someone who is holding a trade open for months at a time

Buy and Hold Trader - A trader who is looking for a return over a number of years.

Happy trading

Jeff

 

[Sir Osisofliver]

Time is a critical input into any system or methodology for trading. Different times for different strategies means that I am both a buy and hold; a position trader and was recently live testing what you've described as a scalper or day trader.

 

[CanOz]

I wonder where all the B&H guys are?

CanOz

 

[Joules MM1]

I wonder where all the B&H guys are?

CanOz

paying off the third mortgage on the over-leveraged negative geared property.......much like the promise of a never ending rising market...........

 

[Trembling Hand]

recently live testing what you've described as a scalper or day trader.

Please! I hope you are trading at the HF end of things. Scalpers trade many 100 of trades a day.


So where is the day trader option?

 

[Axiory]

Please! I hope you are trading at the HF end of things. Scalpers trade many 100 of trades a day.


So where is the day trader option?

My fault. I put it in the description but not on the poll!

 

[Joe Blow]

So where is the day trader option?

Added.

 

[Axiory]

Added.

Thank you kind Sir.

 

[Sir Osisofliver]

Please! I hope you are trading at the HF end of things. Scalpers trade many 100 of trades a day.

Not in a testing phase I don't, but the description by Axiory stated "hold for a matter of minutes", not volume.

Cheers

Sir O

 

[Trembling Hand]

a matter of minutes",

Yep that aint scalping

 

[Garpal Gumnut]

Thanks Axiory.

Some people are more than one "type" of trader depending on Portfolio.

I have a SMSF and am " Long term trader" on that and also have a Margin Loan on which I am a " Position Trader ", but I don't hold for long in my SMSF if I have obviously bought at the wrong time, nor sell a margin loan share in a few weeks if it continues to accelerate, ( rare in this market atm )

gg

 

[joea]

If you go to this link it will work out what trader you are.
Go to Graduation.

http://www.babypips.com/school/which-trading-style-is-best-for-you.html

joea

 

[nulla nulla]

What about "All of the above"?

 

[Sir Osisofliver]

If you go to this link it will work out what trader you are.
Go to Graduation.

http://www.babypips.com/school/which-trading-style-is-best-for-you.html

joea

I hadn't done that before - Thanks joea. According to the quiz I am a position trader who should use fundamental analysis a lot. There's a massive grain of salt here, I do position trade and I do use fundamental, but I'd say I do more TA than FA, and Position is only a small part of what I do. (Also it's not where I have the greatest efficiency as a trader).

I can see what the test is designed to do, but they are doing it very badly. Trying to categorise us complex humans who change over time into a simple label will always be fraught with difficulty. I have some experience here and I've actually built something in relation to psychological testing of traders that I can't share with the forum, (IP issues).

If anyone is interested in doing a self assessment, your starting point should be a VARK model. There's then a half dozen personality and intelligence modelling techniques that will build on that.

Cheers

Sir O

 

[Axiory]

Thanks Axiory.

Some people are more than one "type" of trader depending on Portfolio.

I have a SMSF and am " Long term trader" on that and also have a Margin Loan on which I am a " Position Trader ", but I don't hold for long in my SMSF if I have obviously bought at the wrong time, nor sell a margin loan share in a few weeks if it continues to accelerate, ( rare in this market atm )

gg

Sounds interesting. How are you getting on with that then?