“The market’s behavior will seem mysterious because your own behavior is mysterious.”
Mark Douglas, The Disciplined Trader
As a trading coach for more than a decade, I’ve noticed that trading attracts individuals with different natural trading abilities.
Some people are natural-born traders. These Market Wizards (4% of traders) are naturally fearless, competitive and report little emotion in trading. One hedge fund I consulted with recruits Ivy League athletes to fill positions at their trading desks, since these folks are smart, competitive and resilient.
The rest of us have to work diligently in order to train ourselves to perform well under pressure.
BREAKEVEN Traders (32% of active traders) tend to be risk averse individuals who have either not yet fully defined their trading system or may have been emotionally wounded by losses.
HIGH RISK Traders (64% of active traders) are creative, intuitive, emotional, experiential and adventurous. They immerse themselves into trading, but tend to get too involved in the drama of the market.
In order to become consistently profitable, High Risk Traders may need assistance in developing a system that they are willing to follow and help developing the discipline to follow it.
My trader Risk Profile will give you objective feedback on your trading mindset. Simply fill out the form below to give me permission to email you the link to the Free Risk Profile.
I will send you a link where you can take a FREE confidential online, self-scored test. Why wait? A little objective feedback could save you thousands.
PLEASE, my friend, don’t wait another moment to gain more control of your trading.