There are four personality traits of a gambler/trader. Which one are you?
1) The Adventurer: Always looking for action and adventure, when at times it might be wise to wait. Adventurers need to be in the game, and are prone to overtrading. Adventurers do not fear much, but this can also lead to a lack of discipline.
2) The Aggressive: Ego is a powerful factor for Aggressives, who value winning very highly. Discipline is a strength, though Aggressives may overreact in the heat of battle. Position sizing is a likely problem, as Aggressive want to win big now, and this impatience can prove costly.
3) The Emotional: Here the strong feelings can prove to be barriers in the Emotional mind. Internal self-talk may prove to be excessively critical as Emotional feel even small situations more intensely. Emotionals may feed off the excitement or lack thereof in a market, which may cause them to jump on uptrends too late or get out of slow stocks just before they break out again.
4) The Reflective: They may get tense and nervous in a new situation. Reflectives are more at risk of not pulling the trigger due to too much introspection.
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