If you scored low <35, remember this was a test to determine your natural propensity to trade profitably. PROPENSITY is the key word here. Learning to trade is about understanding your own strengths and shortcomings. You can, without a little work alter the behavior patterns that are causing you to lose, as long as you fully understand them.
If you scored between 35-75, you probably posses some of the personality traits that make for a profitable trader, strong sense of Self, good discipline, logic, skeptical cautious nature.
>75 You might as well mortgage the house and max out the credit cards to give yourself some leverage! There's no doubt..you are going to be profitable. You were born to trade!
Question #1- Most highly successful traders exhibit characteristics of extreme selfishness. Trading is all about SELF PRESERVATION. Your ability to get from getting hurt.. consistently, day after day. The reason the question was phrased "several past or present".... is that truly selfish people don't realize they are selfish. If you THINK you might be selfish, you probably arenât.
Question #2 Obviously, this question address the discipline aspect of trading
Question #3 Self destructive behavior patterns can be dangerous. If you can't keep yourself from driving while intoxicated you probably won't be able to walk away from your computer when you are getting slaughtered in the market.
Question #4 This again addresses aspects of self-preservation and Ego-defense components to one's personality. People with a strong Ego-defense mechanism would never put themselves in a situation that would allow for them to be dumped. If they were in fact dumped, they will convince THEMSELVES otherwise.
Question #5 Any Obsessive-Compulsive behavior is undesirable in a trading environment
Question #6 Ladies, I think this one is more applicable to you. As females we are genetically programmed to BUY, BUY, BUY when something goes on sale. This can be a problem while trading, as you will be constantly fighting the urge to load up on CSCO when it goes on sale from $70 to $20. You will have a hard time lifting offers when the market is going up and hitting bids when it is going down. Your natural inclination will be to bid BELOW the bid and OFFER above the offer.
Question #7 Obssesive -Compulsive=Undesireable
Question #8 - As a perfectionist you will burn out quickly. Even after a good day, you will beat yourself up for NOT buying the LOW or selling the HIGH.
Question #9 This one is pretty obvious and I think the single most important factor in trading. Can you come back when you are down? When you are getting your A$$ kicked, whats your reaction? Are you more focused?
Question #10 If you chose A, you will not have any longevity as a trader. Profits and emotional stablity should be NOT be tied to one another.
If you scored between 35-75, you probably posses some of the personality traits that make for a profitable trader, strong sense of Self, good discipline, logic, skeptical cautious nature.
>75 You might as well mortgage the house and max out the credit cards to give yourself some leverage! There's no doubt..you are going to be profitable. You were born to trade!
Question #1- Most highly successful traders exhibit characteristics of extreme selfishness. Trading is all about SELF PRESERVATION. Your ability to get from getting hurt.. consistently, day after day. The reason the question was phrased "several past or present".... is that truly selfish people don't realize they are selfish. If you THINK you might be selfish, you probably arenât.
Question #2 Obviously, this question address the discipline aspect of trading
Question #3 Self destructive behavior patterns can be dangerous. If you can't keep yourself from driving while intoxicated you probably won't be able to walk away from your computer when you are getting slaughtered in the market.
Question #4 This again addresses aspects of self-preservation and Ego-defense components to one's personality. People with a strong Ego-defense mechanism would never put themselves in a situation that would allow for them to be dumped. If they were in fact dumped, they will convince THEMSELVES otherwise.
Question #5 Any Obsessive-Compulsive behavior is undesirable in a trading environment
Question #6 Ladies, I think this one is more applicable to you. As females we are genetically programmed to BUY, BUY, BUY when something goes on sale. This can be a problem while trading, as you will be constantly fighting the urge to load up on CSCO when it goes on sale from $70 to $20. You will have a hard time lifting offers when the market is going up and hitting bids when it is going down. Your natural inclination will be to bid BELOW the bid and OFFER above the offer.
Question #7 Obssesive -Compulsive=Undesireable
Question #8 - As a perfectionist you will burn out quickly. Even after a good day, you will beat yourself up for NOT buying the LOW or selling the HIGH.
Question #9 This one is pretty obvious and I think the single most important factor in trading. Can you come back when you are down? When you are getting your A$$ kicked, whats your reaction? Are you more focused?
Question #10 If you chose A, you will not have any longevity as a trader. Profits and emotional stablity should be NOT be tied to one another.
