Which Trading Style Fits Your Personality the Best?
There is often a correlation between the personality of the trader and their trading strategy. Before deciding on a trading strategy and developing a trading plan, it is essential to do introspective self-reflection on aspects of one’s personality and way of life. This is because using a trading style that is at odds with your personality will, in the long run, make it more difficult for you to adhere to your trading strategy.
When a trader discovers the best trading approach for them, that approach will often be maintained over the long term. A trader who isn’t familiar with a particular trading style or who hasn’t established themselves as a member of a particular trading style is the kind of trader that most often commits the most common trading blunders.
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