What Kind of Trader are You ?
Discretionary Traders
- Trade information flow.
- Are trying to anticipate what the market will do.
- Are subjective; they read their own opinions and past experiences into the current market action.
- Trade what they want and have rules to govern their trading.
- Are usually very emotional in their trading and taking their losses personally because their opinion was wrong and their ego is hurt.
- Use many different indicators to trade at different times. Sometimes it may be macro economic indicators, chart patterns, or even macroeconomic news.
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