Tuesday, May 5

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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