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What personality makes a trader

  • #101
  • Oct 5, 2013 4:15pm Oct 5, 2013 4:15pm
Well, for me I think the good trader always follow a strict money management, and he follows a good strategy of tarding, he make his analysis ( both fundamental and technical ) before open any position, and I think tools of take profit and stop loss, are always very important, they protect us from big losses and even margin call .
  • #102
  • Edited 2:55pm Nov 27, 2013 2:23pm | Edited 2:55pm
This is a fun old thread. INTJ, have taken this test so many times before, always the same thing. Here's a VERY simple 4 question version which matches you with a Simpsons character. I wouldn't put much stock in it being too accurate but it gave me INTJ as well.

http://libraryforsales.com/Articles/st/The_Simpsons_Personality_Test.html
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  • #103
  • Nov 29, 2015 8:37am Nov 29, 2015 8:37am
Not surprised to find a large portion of traders are IxTx though I anticipated a few more INTJ's.. I test almost evenly as INTJ/INTP and so voted INTJ (that was my first assessment when I 'discovered' Jungian types). Of the best traders I've come across (or at least those with the most comprehensive understanding of the market's mechanics), almost all seemed to be textbook INTJ (IMHO they have also tended to gravitate towards algo's more than discretionary trading).

I'm curious as to how many traders are good artists and or gamers.
I might be wrong.
  • #104
  • Nov 30, 2015 5:03am Nov 30, 2015 5:03am
Quote
What personality makes a trader

The qualities essential to the equipment of the speculator are: Self-reliance, judgement, courage, prudence and pliability.

The qualifications named are necessary to the makeup of a speculator, but they must be in well-balanced combination. A deficiency or an overplus of one quality will destroy the effectiveness of all. The possession of such faculties, in proper adjustment is, of course, uncommon. In speculation, as in life, few succeed, many fail.

- Paraphased from Speculation as a Fine Art and Thoughts on Life
  • #105
  • May 25, 2016 9:48pm May 25, 2016 9:48pm
Quoting smittens4212
While we're on it, because I find this stuff particularly interesting, what do you think about the Narcissistic Personality Inventory test? I'd be interested in seeing traders responses to this, especially as the link between psychopathy and trading has been raised in psychology circles before, narcissism being one aspect in particular that I don't doubt many traders show... http://psychcentral.com/quizzes/narcissistic.htm {quote} Of course, given the negative connotations of the survey, I've found that people answer much more honestly...
My results are confusing me.
http://psychcentral.com/quizzes/narcissistic.htm = 66
http://illnessquiz.com/narcissistic-personality-test/ = 23

According to first one i am narcissistic and from second one i am little or not narcissistic.
  • #106
  • May 25, 2016 10:29pm May 25, 2016 10:29pm
Jung Test Results

Extroverted (E) 58% Introverted (I) 42%
Intuitive (N) 63% Sensing (S) 37%
Thinking (T) 55% Feeling (F) 45%
Judging (J) 54% Perceiving (P) 46%

Your type is: ENTJ

ENTJ - "Field Marshall". The basic driving force and need is to lead. Tend to seek a position of responsibility and enjoys being an executive. 1.8% of total population.

ENTJ
decisive, fearless, planner, thrill seeker, engaged, social, self centered, comfortable around others, image conscious, likes to be center of attention, adventurous, outgoing, manipulative, emotionally stable, leader, ambitious, hard working, dominant, prepared, hates to be bored, confident, opinionated, analytical, prepares for worst case scenarios, organized, orderly, clean, driven, resourceful, finishes most things they start, achieving, risk taker, desires fame/acclaim, image focused, narcissistic, arrogant, perfectionist, driven, academic, scientific, critical, avoids giving in to others, does not like to compromise, skeptical.

favored careers:
marketing specialist, government employee, lawyer, developer, political scientist, bounty hunter, international relations specialist, software designer, systems analyst, business manager, entertainment lawyer, foreign service officer, strategist, project manager, advertising executive, cia agent, marketing manager, geneticist, private investigator, administrator, business analyst, politician, management consultant, producer, financial advisor, entrepreneur, genetics researcher, cardiologist, professor, fbi agent.

disfavored careers:
singer, bookstore owner, job in the performing arts, poet, photographer, english professor, chef, health care worker, child psychologist, massage therapist, video editor.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #107
  • May 25, 2016 11:03pm May 25, 2016 11:03pm
Quoting RoelsMajor
Jung Test Results Extroverted (E) 58% Introverted (I) 42% Intuitive (N) 63% Sensing (S) 37% Thinking (T) 55% Feeling (F) 45% Judging (J) 54% Perceiving (P) 46% Your type is: ENTJ ENTJ - "Field Marshall". The basic driving force and need is to lead. Tend to seek a position of responsibility and enjoys being an executive. 1.8% of total population. ENTJ decisive, fearless, planner, thrill seeker, engaged, social, self centered, comfortable around others, image conscious, likes to be center of attention, adventurous, outgoing, manipulative, emotionally...
If using your test results, trader should be on another side :
ISFP
who senses and follows the trend of currency pairs (on every trading day, most of his/her time stays with a computer by himself/herself lonely.).
  • #108
  • Edited 5:47pm May 26, 2016 5:37pm | Edited 5:47pm
After reading through this thread from the first post, I have finished the Jung Test (http://similarminds.com/jung.html) and have the follow result :
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  • #109
  • May 26, 2016 9:52pm May 26, 2016 9:52pm
Quoting roger44
After reading through this thread from the first post, I have finished the Jung Test (http://similarminds.com/jung.html) and have the follow result : {image} {image}
I see your score is almost equal between Feeling (52%) and Thinking (48%). If you had answered one question differently, your classification may have been different. So you might want to read the interpretation of ENTP as well.

I took the test today, and I'm ISTJ . . . same as a few years ago.
  • #110
  • May 26, 2016 11:47pm May 26, 2016 11:47pm
Here's a summary of the poll:

ENFP 08 Votes 4.60%
ENFJ 01 Votes 0.57%
ENTP 15 Votes 8.62%
ENTJ 06 Votes 3.45%
ESTJ 09 Votes 5.17%
ESFJ 02 Votes 1.15%
ESTP 09 Votes 5.17%
ESFP 05 Votes 2.87%

INFP 06 Votes 3.45%
INFJ 06 Votes 3.45%
INTP 21 Votes 12.07%
INTJ 38 Votes 21.84%
ISTJ 32 Votes 18.39%
ISFJ 02 Votes 1.15%
ISTP 11 Votes 6.32%
ISFP 03 Votes 1.72%

Out of the 174 aspiring traders polled, 91 (approx 52%) are either INTP, INTJ, or ISTJ.

Here's a breakdown by qualities:

More introversion than extroversion (I=119 vs E=55).
More intuition than sensing (N=101 vs S=73).
More thinking than feeling (T=141 vs F=33).
More judging than perceiving (J=96 vs P=78).
  • #111
  • Edited 3:51pm May 27, 2016 12:31am | Edited 3:51pm
Quoting Pips_Cruiser
{quote} I see your score is almost equal between Feeling (52%) and Thinking (48%). If you had answered one question differently, your classification may have been different. So you might want to read the interpretation of ENTP as well. I took the test today, and I'm ISTJ . . . same as a few years ago.
Thanks. You are right.
I do the test again more seriously (use an instant translator as my english is not good.)
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  • #112
  • May 27, 2016 3:06am May 27, 2016 3:06am
Jung Test Results

Extroverted (E) 55% Introverted (I) 45%
Intuitive (N) 52% Sensing (S) 48%
Feeling (F) 64% Thinking (T) 36%
Judging (J) 58% Perceiving (P) 42%

Your type is: ENFJ

ENFJ - "Persuader". Outstanding leader of groups. Can be aggressive at helping others to be the best that they can be. 2.5% of total population.
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  • #113
  • May 29, 2016 9:46pm May 29, 2016 9:46pm
Here's a comparison of the percentages found for each type, in the general population versus the F.F. poll.

Type Pop% vs F.F.%

ENFP 08.1 vs 04.44
ENFJ 02.5 vs 01.11
ENTP 03.2 vs 10.00
ENTJ 01.8 vs 03.89
ESTJ 08.7 vs 05.00
ESFJ 12.3 vs 01.11
ESTP 04.3 vs 05.00
ESFP 08.5 vs 02.78
INFP 04.4 vs 03.33
INFJ 01.5 vs 03.33
INTP 03.3 vs 11.67
INTJ 02.1 vs 21.67
ISTJ 11.6 vs 17.78
ISFJ 13.8 vs 01.11
ISTP 05.4 vs 06.11
ISFP 08.8 vs 01.67

One thing that seems very obvious, is the large difference in INTJ. Only 2.1% of the general population have this personality type, yet 21.67% on F.F. have it (at least in the poll). The data says there are ten times as many INTJ types here as you would normally expect.

In my previous post, I pointed out that the qualities found most often in the data from the poll are introversion, intuition, thinking, and judging. Those are the very qualities which INTJ is composed of.


Quoting Ifmyante
There's a Jungian test that's proven itself to be worth taking. I'd like to see if there's a certain 'type' that leans towards trading. Later we can work out if there's a type which becomes a great trader. So if you're a trader, or really want to become one, feel free to take this test and post your type http://similarminds.com/jung.html It might be best to take the test twice, just to be sure of an accurate result Enjoy
I think the data suggests personality type INTJ leans toward trading at a higher rate than other types.
  • #114
  • May 30, 2016 8:28am May 30, 2016 8:28am
Interesting poll! My result is ENTP. However I was close to being an INTP. It makes sense that there are so many INTJs relative to the population. They seem to be born traders.
  • #115
  • May 31, 2016 6:18pm May 31, 2016 6:18pm
in the period from my last post here, i think a lot about the meanings.
"E"= open-mind & positive-mind;
"N"= what you see, what you get;
"T"= what is on your mind only;
"J"= all others are wrong, except yourself.
other letters are corresponding opposite.

So i agreed with Kanzler (post number 102) that Mr. Burns is "INTJ".
  • #116
  • Edited Jun 1, 2016 10:02am May 31, 2016 7:55pm | Edited Jun 1, 2016 10:02am
Quoting roger44
in the period from my last post here, i think a lot about the meanings. "E"= open-mind & positive-mind; "N"= what you see, what you get; "T"= what is on your mind only; "J"= all others are wrong, except yourself. other letters are corresponding opposite. So i agreed with Kanzler (post number 102) that Mr. Burns is "INTJ".
Here's another INTJ description:

https://www.16personalities.com/intj-personality

The terminology can be confusing, especially the word "judging". The excerpt below attempts to explain it, and can be found in greater detail here:

http://www.humanmetrics.com/personality/type

"The first criterion, Extraversion - Introversion, signifies the source and direction of a persons energy expression. An extraverts source and direction of energy expression is mainly in the external world, while an introvert has a source of energy mainly in their own internal world.

The second criterion, Sensing - Intuition, represents the method by which someone perceives information. Sensing means that a person mainly believes information he or she receives directly from the external world. Intuition means that a person believes mainly information he or she receives from the internal or imaginative world.

The third criterion, Thinking - Feeling, represents how a person processes information. Thinking means that a person makes a decision mainly through logic. Feeling means that, as a rule, he or she makes a decision based on emotion, i.e. based on what they feel they should do.

The fourth criterion, Judging - Perceiving, reflects how a person implements the information he or she has processed. Judging means that a person organizes all of his life events and, as a rule, sticks to his plans. Perceiving means that he or she is inclined to improvise and explore alternative options."

And here's a little more about the 16 personality types that I found interesting:

http://www.truity.com/view/types

https://www.16personalities.com/personality-types
  • #117
  • Jun 1, 2016 3:25pm Jun 1, 2016 3:25pm
Quoting Pips_Cruiser
{quote} Here's another INTJ description: https://www.16personalities.com/intj-personality The terminology can be confusing, especially the word "judging". The excerpt below attempts to explain it, and can be found in greater detail here: http://www.humanmetrics.com/personality/type "The first criterion, Extraversion - Introversion, signifies the source and direction of a persons energy expression. An extraverts source and direction of energy expression is mainly in the external world, while an introvert has a source of energy...
After reading the articles from your recommended web site,
I recognized I misunderstood the meaning of "Intuition" when using "G**g** anywhere translator" and I mixed the meanings of sensing and feeling.

I should separate this 8 items into 2 groups : external and internal (or physical and mental).
  • #118
  • Jun 1, 2016 4:21pm Jun 1, 2016 4:21pm
Quoting roger44
{quote} After reading the articles from your recommended web site, I recognized I misunderstood the meaning of "Intuition" when using "G**g** anywhere translator" and I mixed the meanings of sensing and feeling. I should separate this 8 items into 2 groups : external and internal (or physical and mental).
I suspected some kind of misunderstanding. Even if English was your first language, there are multiple meanings for some of these words. They even seem to be creating their own meaning for the word "judging", and they may have been better off using a different word.

I also just now realized there are multiple spellings for one of the words (extravert / extrovert), and that could make it more difficult for translator software. I ran into a spell checker problem when copying and pasting "extravert", so that might not be the preferred spelling.

"An extravert's source and direction of energy expression is mainly in the external world, while an introvert has a source of energy mainly in their own internal world."

"Sensing means that a person mainly believes information he or she receives directly from the external world. Intuition means that a person believes mainly information he or she receives from the internal or imaginative world."

"Thinking means that a person makes a decision mainly through logic. Feeling means that, as a rule, he or she makes a decision based on emotion, i.e. based on what they feel they should do."

"Judging means that a person organizes all of his life events and, as a rule, sticks to his plans. Perceiving means that he or she is inclined to improvise and explore alternative options."
  • #119
  • Jun 1, 2016 7:33pm Jun 1, 2016 7:33pm
Quoting Pips_Cruiser
{quote} I suspected some kind of misunderstanding. Even if English was your first language, there are multiple meanings for some of these words. They even seem to be creating their own meaning for the word "judging", and they may have been better off using a different word. I also just now realized there are multiple spellings for one of the words (extravert / extrovert), and that could make it more difficult for translator software. I ran into a spell checker problem when copying and pasting "extravert", so that might not be the preferred spelling....
I am wondering if anyone who have a result of all 50%, what pattern will happen? a robot? the best trader in the world? or else?
  • #120
  • Jun 2, 2016 3:51pm Jun 2, 2016 3:51pm
maybe i talked the topic, starting to become more narrow, which is not good for others. maybe we can discuss about some well-known characters, like some cartoon/fiction characters : superman, snow white, spiderman, ironman, marty mcfly, doc brown, ......etc, their result's pattern, of course, guess only, but we can use them to improve ourselves to become a better trader.
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