What Class Of Trader Are You? by Solomon Chuama
Make Sure The Shoe Fits
Scalpers, daytraders, swing traders, position traders ó they all trade, but they trade differently. Hereís a look at the characteristics of each type.
We all know trading is difficult. One of the reasons itís difficult is that people have a hard time identifying the trading style that best matches their personality and lifestyle. This is why traders often get frustrated. They end up chasing different trades and initiating trades that go against what they are comfortable with. They may be led by the temptation to make quick money, but in reality, they get in too late or donít exit on time.
We donít give much thought to identifying what type of trader we are. We donít realize that our psychological differences account for the various styles in trading. In this article, I will discuss the different trading styles and hope that it gives you the opportunity to identify the best trading style for your personality.