Six Types Of Traders-which Group Are You? | Forex Factory

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Six Types Of Traders-which Group Are You?

  • Poll

  • Six types of traders-which group are you?
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  • #1
  • First Post: Mar 23, 2008 10:52pm Mar 23, 2008 10:52pm
Which are you:
  • #2
  • Mar 23, 2008 11:34pm Mar 23, 2008 11:34pm
What is the point of this?
The breaking of a wave cannot explain the whole sea.
  • #3
  • Mar 24, 2008 12:01am Mar 24, 2008 12:01am
Quoting Craig
What is the point of this?


i dont see an option for all of the above???




lol
  • #4
  • Mar 24, 2008 12:30am Mar 24, 2008 12:30am
Quoting Craig
What is the point of this?
The point is to help.
  • #5
  • Mar 24, 2008 12:48am Mar 24, 2008 12:48am
Quoting masterfx
The point is to help.


ok sir.... enlighten us with some pure and generous wisdom if you would be so kind
  • #6
  • Mar 24, 2008 8:08am Mar 24, 2008 8:08am
The way I see it, there are only two categories.
  • #7
  • Mar 25, 2008 5:22pm Mar 25, 2008 5:22pm
Quoting dagoods
ok sir.... enlighten us with some pure and generous wisdom if you would be so kind
Ok, here you go.

Indentify the number one reason 95% of people blow up their account.
  • #8
  • Mar 25, 2008 6:07pm Mar 25, 2008 6:07pm
Quoting masterfx
Ok, here you go.

Indentify the number one reason 95% of people blow up their account.
In all the 6 groups, there isn't one that says "I'm too lazy/lack the discipline to be bothered". Lack of discipline is really the root problem to each

Group 1: Traders who fail to determine the correct trend. Lacks the discipline to really look.

Group 2: Traders who have no plan or trading method. Not enough discipline to create a plan or trading method. Not even enough discipline to steal one posted somewhere online.

Group 3: Traders who have no risk management. Not enough discipline to have a reality check and consider all the possible outcomes.

Group 4: Traders who can't understand how your indicators work. Not enough discipline to research and/or ask questions to clarify how the indicators work.

Group 5: Traders who go back and forth between trading methods. Not enough discipline to stay focused.

Group 6 is already making money and isn't part of the 95% you mentioned.
Not all sins are created equal
  • #9
  • Mar 26, 2008 10:16pm Mar 26, 2008 10:16pm
Quoting Jay Walker
In all the 6 groups, there isn't one that says "I'm too lazy/lack the discipline to be bothered". Lack of discipline is really the root problem to each

Group 1: Traders who fail to determine the correct trend. Lacks the discipline to really look.

Group 2: Traders who have no plan or trading method. Not enough discipline to create a plan or trading method. Not even enough discipline to steal one posted somewhere online.

Group 3: Traders who have no risk management. Not enough discipline to have a reality check and consider all the possible outcomes.

Group 4: Traders who can't understand how your indicators work. Not enough discipline to research and/or ask questions to clarify how the indicators work.

Group 5: Traders who go back and forth between trading methods. Not enough discipline to stay focused.

Group 6 is already making money and isn't part of the 95% you mentioned.
Does everyone else agree?
I mean that discipline is the root cause of failure.
  • #10
  • Mar 26, 2008 11:02pm Mar 26, 2008 11:02pm
Quoting masterfx
Does everyone else agree?
I mean that discipline is the root cause of failure.
aye, 1 answer for many question is just like many answer for 1 question...

the reader should smart enough to relate the answer with the question and vice versa... not that the answer is really fit the question
  • #11
  • Mar 26, 2008 11:14pm Mar 26, 2008 11:14pm
Invalid poll due to survivorship bias. The first 5 groups are going to be drastically under-reported, as thousands of ex-traders who once fell into those categories are no longer here to vote.
  • #12
  • Mar 29, 2008 5:02pm Mar 29, 2008 5:02pm
What about this:

Traders who have a plan and the plan is succesfull yet they are not cause they cant follow their f'ing plan.

Haha, its been a rough month....
  • #13
  • Mar 29, 2008 5:26pm Mar 29, 2008 5:26pm
Quoting Bam Bam
What about this:

Traders who have a plan and the plan is succesfull yet they are not cause they cant follow their f'ing plan.

Haha, its been a rough month....
You were doing better back when you had that really cool, politically incorrect avatar.
  • #14
  • Last Post: Mar 30, 2008 10:08pm Mar 30, 2008 10:08pm
Quoting Trader KGB
Invalid poll due to survivorship bias. The first 5 groups are going to be drastically under-reported, as thousands of ex-traders who once fell into those categories are no longer here to vote.
what if that 95% is also survivorship bias.... that they survive just because of chance..... hedge fund is rumored as such....

so the survivor create an illusion and beleive on it....
other follow....
and the failled one told that they are not "xxxx" enough....
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