Day Trading Tips and Tricks

January 27, 2019

Erich Senft

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What is Your Trading Style?

Every person’s trading style may be different. Each trader has their personality, their personal schedule, their appetite for risk management, their pain threshold and their bankroll.

Some traders might have several things in common, but most will have a different trading style. The point is each is unique. And depending on your personality, personal preferences, and situation, who you are as a person will be a driving factor in determining your trading style and success.

ToTrading Style Psychology figure out how you should trade, you must first uncover your trading style or “trading personality.” Your trading personality will determine the trading method that is most compatible with you.

Trading is not like a t-shirt. There is no one-size-fits-all. There is no single plan for all traders.

I challenge you to take this a self-assessment on your personality, behaviors, beliefs, and mindset.

Succeeding in trading takes hard work, lots of time, and some blood, sweat, and tears.

Before you can succeed in trading, you must spend time doing homework, learning your personal strengths and weaknesses, and assessing your own schedule, trading capital, and trading experience.

January 27, 2019

Erich Senft

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