How Your Personality Impacts your Market View
By Denise Shull   
April 26, 2011

Traders have personalities they trade - some have a momemtum style and some literally have oscillating/reversion-to-the-mean constitutions. Obviously the latter have a harder time with a trend day - unless they wait, unless they can be very patient.

Do you know your trading personality? More importantly, do you realize how much it is wrapped up in your full personality? People trade their characters... people trade their own characteristic reactions.

If you want to make more money at it, then the place to look isn't for the next best indicator or market teacher but into yourself. How can you modify your normal approach to things so that you can dance with the market at the rhythm it moves?

Let's say you procrastinate on a plan... chances are you tended to procrastinate on lots of things. Or let's say you were always an outsider, trend days are probably harder for you. .... Unraveling these continuances of your character into your market and trading habits and perceptions.

The secret to success lies not in your intellect... unless you use that intellect to figure the more illusive parts of your trading out! After that, the holy grail lies in USING your emotions - not controlling or ignoring them. They can help you with insight, risk-management, pattern recognition... all of the things you need to be able to reliably pull money out of the market.

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