Personality Traits

A

Apprentership

Just doing some research (I want to get into prop trading) into trading and one thing becoming quickly apparant.

With my current personality/charactistics I'd never succeed in becoming a trader. Do I need to change these traits before I begin trading or is this something that can change overtime?

Just fyi the traits are, impulsive, I'd get too emotionally attached just a name a few.

I've seen the way to go about this business is to find, develop and refine a trading strategy that suits my style.

I want to trade futures and options due to the complexity thus giving more scope to be creative (not saying you can't be creative with other asset classes)
 
Quote from Apprentership:
----With my current personality/charactistics....
----fyi, the traits are....
----I've seen the way....
----I want to trade futures and options due to.... the complexity thus giving more scope to be creative (not saying you can't be creative with other asset classes)
More...
1) Are you ISTJ or INTJ? :confused:
2) The only reason to get involved with trading is to earn a lot of money quickly. Don't deceive yourself with talk of complexity, creativity nor "helping other people". :mad:
 
Quote from Apprentership:

Just doing some research (I want to get into prop trading) into trading and one thing becoming quickly apparant.

With my current personality/charactistics I'd never succeed in becoming a trader. Do I need to change these traits before I begin trading or is this something that can change overtime?

Just fyi the traits are, impulsive, I'd get too emotionally attached just a name a few.

I've seen the way to go about this business is to find, develop and refine a trading strategy that suits my style.

I want to trade futures and options due to the complexity thus giving more scope to be creative (not saying you can't be creative with other asset classes)
More...


Your current personality suggests you are either a woman or gay. Either way you're guaranteed to get fcked real good. As you get fcked more and more you will become an expert like the the experts at ET.


If you're a blond chick (you sound like one) - try this, if you get it right, there is hope for you ..... (answer in next post)

Q: How would a blond punctuate the following?:
A:"Fun fun fun worry worry worry"
 
Quote from Apprentership:

With my current personality/charactistics I'd never succeed in becoming a trader.
More...

Perfect amount of psychobabble bullshit embedded in your head to spend about 7 decades in front of a screen trying to succeed and never getting there.

I personally believe (no proof, but I choose to believe it) there is a profitable style of trading for every type of personality on the planet. You just need to find yours. Along with a little confidence.

Sheesh,
 
OP,

It is not a personality thing – it is a mind set coupled with the “correct” actions thing… (AustinP posted the actions in another thread)


from AustinP

fwiw I have never in my life watched results of an oil inventory report. I don't even have a television anywhere near my office.

It's just watching the charts, making the reads and taking action in methodical fashion. Over a large sample size of similar trades, an edge plays out in statistical fashion.
More...


Get your mind right then do the above – over and over – day in and day out – till you retire… You’ll make it

Don’t – and you’ll become a statistic – quickly…



Here’s some good insight to the correct mind set

http://www.elitetrader.com/vb/showt...hlight=characteristics+of+a+successful+trader



Can you change your mind set over time – yes it’s the only way… The challenge will be in changing it without it costing you an arm and a leg in trading losses


RN
 
Quote from Apprentership:

Just doing some research (I want to get into prop trading) into trading and one thing becoming quickly apparant.

With my current personality/charactistics I'd never succeed in becoming a trader. Do I need to change these traits before I begin trading or is this something that can change overtime?

Just fyi the traits are, impulsive, I'd get too emotionally attached just a name a few.

I've seen the way to go about this business is to find, develop and refine a trading strategy that suits my style.

I want to trade futures and options due to the complexity thus giving more scope to be creative (not saying you can't be creative with other asset classes)
More...

Of course you can't change your basic personality. Forget being a trader if you are emotionally attached to things easily and impulsive. It's like trying to become a salesman if you are shy and retiring and don't like making small talk with people.
 
Quote from deadbroke:

Your current personality suggests you are either a woman or gay. Either way you're guaranteed to get fcked real good. As you get fcked more and more you will become an expert like the the experts at ET.
---------------
Now why does he have to be a WOMAN?!! Because he is impulsive and gets attached easily? I have met SO many men with these characteristics it almost makes me sick.
I have had to end a lot of my relationships because the man became to "clingy" and obsessive.

As far as the impulsive thing goes, I am guessing you are thinking women & shopping... what about SO many men that GAMBLE??? I don't have any statics to back up my argument (I don't have time to get any right now,) but from my life experience men can be just as impulsive as women if not more it just comes out in a different way.

And the gay comment was just unnecessary... imo. :mad:
More...
 
The most difficult part of my client business is dealing with the emotional baggage and self-destructive habits clients bring to the table. I try to screen prospects for it, and in fact I turn away individuals if I sense desperation and anxiety.

The "clean slate" clients who have the emotional courage and stamina not to 'over-think' and get cute / creative with a very good mechanical trading system always seem to do better and faster in terms of P&L. I spend months paper trading with each client before I recommend that they go live - I want a sense of emotional detachment and 'mechanical numbness' as they approach the market. Cold-blooded decisions based upon facts, not fear or greed or impulse or adrenaline or seratonin brain chemistry levels.

Once the client has seen alot of different trade set-ups and market scenarios, and most importantly, has confidence in the system and his performance, do we take the next step and prepare a trading plan for the the live market.
 
You must log in or register to reply here.
Back
Top