Know Thyself: Take the
Trader Personality Test
Dr. Kenneth Reid
Once upon a time,
active trading (daytrading and swing trading) was the province of professionals who gathered in large rooms in
Chicago and New York waving their hands and shouting orders at each other. You still see these folks milling
about behind Rick Santelli when he appears on CNBC.
traders represent a personality-type that is quite different from screen traders who sit quietly in the comfort
of our home-offices, with the warm coffee cup and the cat asleep on the trading desk. Do you think these two
types of individuals will be comfortable trading the same method? Hardly.
method to your personality is more difficult that it appears, however, because there is no consensus about
trader typology. Some of the key differences I have found between trader types correspond to variations in risk
tolerance, which may be genetically pre-determined, and to left/right hemispheric dominance (also probably
trading method should match your Trader Personality Type. When you recognize your Type, you can make simple
adjustments in your methods to avoid inadvertent self-sabotage.
Don't miss the
opportunity to take the free Trader Personality Test during my presentation at the Traders World Online Expo on
Tuesday Feb. 28 (12 noon ET).