Monday, May 24, 2010

Van Tharp - You are a Strategic Trader

Trading Strengths:
• Originality and drive to be your best; willingness to follow your ideas through to completion.
• Quickly see patterns and possibilities, with the ability to rapidly hypothesize
and generate low-risk trading ideas.
• You could probably generate a trading business plan and trading systems quite easily and naturally.

Trading Chalenges:

• You may be so logical that you don’t recognize when emotions are causing you to self-destruct.
• You have a strong desire to be right, even to the extent of perfectionism. This might cause you to never actually trade because you continually are trying to develop or buy better systems.
• You may be susceptible to the loss trap. Therefore, you may not honor
your stops because you want to be right about your trades.

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