Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Lopen

Question regarding trading style

Recommended Posts

I often read in trading books how a trader must find his or her style. Can anyone explain this to me? I guess I have yet to find my style but would like to have some kind of idea what it is I am supposed to look for. Thanks in advance.

Share this post


Link to post
Share on other sites

Trading style comes from knowing where your maximum point of stress and emotion are at and where you relaxed and unemotional. This comes from mainly knowing how large a loss you're willing to take on each trade. Case in point, some people can handle $1000 stop loss while others can only stand losing a maximum of $100. Know this helps you define what timeframe and market you feel comfortable trading. 2nd is people can sit and watch their position rise for days on end while others need to cash as soon as they hit a profit (this is trend followers but scalpers or counter-trend traders).

 

The other factors are your lifestyle, if you're a fulltime trader who can sit in front of the market all day or an end-of-day trader while you have other businesses elsewhere.

 

But knowing your "uncle" point is key to find your trading style.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.