Van Tharp - What Kind of Trader Are You

[BlowFish]

http://www.tharptradertest.com/default.aspx?question=1

A questionnaire from the Van Tharp Institute. I treated it as a bit of fun however the results did not seem completely bogus. Innovation is probably one of the last things you need in trading, oh well. Be interested to see others results though of course a 10 minute questionnaire is hardly likely to be that revealing.

My 'profile' :-

You are an Innovative Trader!

Your goal is probably to understand the world, constantly absorbing new information that comes your way. You then process all of this through your intuition to quickly size up what is going on around you. This can be an excellent quality for traders and investors if you get the right information. Otherwise your decisions and conclusions may tend to be flawed. And this could be costly for you as a trader...

One of your Trading Strengths

You can quickly determine if a new style of trading or system will fit well with your personality and you get very excited about it.

One of your Trading Challenges

You want external confirmation for everything and have a strong need for a mentor.

[Dr Who]

Thanks for the link there Blow Fish.

[brownsfan019]

You are a Detailed Trader!

The Detailed Trader type suggests that you are very quiet and serious. You tend to earn your success by being thorough, methodical, systematic, organized, and dependable. You are also realistic and responsible as long as things make sense for you. You have two of the three qualities that are necessary for trading success (i.e. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). Thus, if you are willing to commit yourself, you'll probably be quite successful as a trader. However, you may need some help seeing the big picture that is necessary for trading success...

One of your Trading Strengths

You should have no problems staying with and executing a simple trading system that someone gives you and you feel confident about.

One of your Trading Challenges

You love the details of trading system analysis and development so much but you can often be working on the wrong things. Your efforts can be misguided if you are following the wrong guidelines or advice.

========================= ===============

That was fun and I must say, pretty damn good. If you continue clicking through, you get even more stuff! Nice find!

[torero]

This is me:

-----------------

You are an Adventurous Trader!

Generally you are a quiet and flexible observer until a problem appears and then you act quickly to find a solution. You are good at determining what makes things work and going through a large amount of information to find out what is important. This quality will help you immensely as a trader. You are not easily persuaded by anything that is not based on fact. However, if your orientation tends to be external, then you are probably a big risk taker...

One of your Trading Strengths

You're great at analyzing details to determine what makes things work.

One of your Trading Challenges

You might have problems with self analysis which is critical to eliminating mistakes in trading.

-----------------
Apparently, Jimmy Rogers and Stu Ungar and I have the similar personality.

[Soultrader]

This is me:

You are an Independent Trader!

If the markets interest you, you'll probably work to develop a logical explanation for how they work. This is because you love theoretical ideas and abstract concepts (in fact, much more so than people interactions). This can be great for trading success, if you don't get too theoretical. This type of trader profile suggests that you value knowledge above all else. As a result, you'll be constantly generating new ideas about the market or trying to disprove the ideas that you learn from others...

One of your Trading Strengths

You can quickly determine if a new style of trading or system will fit well with your personality.

One of your Trading Challenges

Your trading could dominate your time and you could become socially isolated, which in turn could upset others, particularly if you have a spouse.

--------------------------------------------------------------------------

Hmm.. interesting. I had issues balancing work and personal life so made some drastic changes starting in 2008 to enjoy my social life.

[GCB]

You are a Detailed Trader!

The Detailed Trader type suggests that you are very quiet and serious. You tend to earn your success by being thorough, methodical, systematic, organized, and dependable. You are also realistic and responsible as long as things make sense for you. You have two of the three qualities that are necessary for trading success (i.e. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). Thus, if you are willing to commit yourself, you'll probably be quite successful as a trader. However, you may need some help seeing the big picture that is necessary for trading success...

One of your Trading Strengths

You should have no problems staying with and executing a simple trading system that someone gives you and you feel confident about.

One of your Trading Challenges

You love the details of trading system analysis and development so much but you can often be working on the wrong things. Your efforts can be misguided if you are following the wrong guidelines or advice.

========================= ===============

I took it twice and reversed the answers to "on the fence" questions the second time around and I still came out a Detailed Trader. The description sounds like me. But I think I'm more of a non-conformist that it gave me credit for, but that's a good thing according to the test.


Hi Guys,

I'm getting back into trading after a 7 month hiatus with a new job. I just put it aside and honestly barely thought about it for 6 months. I was prepared to just let it go. But then I thought, what about that dream....

Now it seems a lot less intimidating. I made some trades in the last month and been successful. Nothing big, but I am noticably making more rational decisions. It doesn't seem like the monster it was before. It helps to have another source of income.

[Nick1984]

You are an Innovative Trader!

Your goal is probably to understand the world, constantly absorbing new information that comes your way. You then process all of this through your intuition to quickly size up what is going on around you. This can be an excellent quality for traders and investors if you get the right information. Otherwise your decisions and conclusions may tend to be flawed. And this could be costly for you as a trader...

One of your Trading Strengths

You can quickly determine if a new style of trading or system will fit well with your personality and you get very excited about it.

One of your Trading Challenges

You want external confirmation for everything and have a strong need for a mentor.


I'm still yet to place a propper trade since having my car smash a few months back. I've been focusing mostly on enjoying life. I guess I'm tending to value the instantanious moments more now and I'm finding it kind of hard to get back into the swing of things. My desire to get back into a routine are creeping back slowly slowly and I'll get back into trading as soon as I'm mentally prepared.

[torero]

Sorry to hear that nick. Miss ya around here. Come back when you're ready. Always have a home here!

[Jakew]

You are a Strategic Trader!

You probably live in a world of ideas and strategic planning. This is because you value intelligence, knowledge, and being competent. These are great qualities for a trader/investor. In fact, you have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). You have an original mind and a great drive to implement your ideas and achieve your goals. Thus, if trading success is important to you, you'll probably find a way to achieve it...

One of your Trading Strengths

Originality and drive; willingness to follow your ideas through to completion.

One of your Trading Challenges

Probably so logical that you don't recognize when emotions are causing you to self-destruct.




Thanx for the opportunity to test myself.

[smwinc]

You are a Planning Trader!

You tend to be decisive and to the point. You'll quickly assume leadership when it is called for by the circumstances around you. You have the ability to quickly develop and implement trading systems to meet your needs. You have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). You can easily spot logical inefficiencies in the market and take advantage of them, especially if you are pointed in the right direction. You enjoy long-term planning and goal setting and seem to enjoy learning, expanding your knowledge and staying well-informed...

One of your Trading Strengths

Originality and drive; willingness to follow your ideas through to completion.

One of your Trading Challenges

Probably so logical that you don't recognize when emotions are causing you to self-destruct.

-----------

Interesting, thanks for the link.