[What type of trader are you? 🧑🤝🧑] - Find your seat.
Dividing traders into 4 types based on Texas terminology can basically cover over 95% of the population 🧑🤝🧑. Quickly find your seat and see what type you belong to.
1️⃣ Loose-Aggressive Type
Traits: Enjoys risk, likes volatile markets, experiences big ups and downs.
Behavioral Pattern: You have a personality that enjoys risk and are not afraid of it. Your actions often fluctuate greatly; after seizing an opportunity, you might experience a significant turnaround. You may be a player with abundant funds, where a small position doesn't affect your life, and even if you lose everything, you can continue to recharge.
Advantages: When correctly predicting the market and during significant fluctuations, you can gain high profits.
Disadvantages: When making incorrect trades, it's easy to stubbornly hold on, even leading to liquidation.
2️⃣ Tight-Aggressive Type
Traits: Disciplined, strong execution, follows trading plan.
Behavioral Pattern: You do not open positions frequently, willing to wait for trading opportunities, but when an opportunity arises, you decisively open a position and are willing to amplify your position to seek more profits. After opening a position, you won't easily close it, willing to hold on for the profits to arrive. You are emotionally stable, full of rationality, and not easily emotional.
Advantages: Often effectively avoids impulsive trading; even when the market fluctuates greatly, can maintain rationality.
Disadvantages: Insufficient flexibility, easily miss some opportunities
3️⃣ Loose-Weak Type
Traits: Frequent opening of positions, intuitive trading, small profit per trade
Behavioral Pattern: You almost open positions every day. After making a profit, you feel very happy, but often live in fear of losing that profit. Each profit isn't particularly large, so you close the position, then find the market rises again and chase back in, only to get trapped.
Advantages: Can keep up when the market fluctuates quickly, such as during hot events or data releases.
Disadvantages: Frequently makes emotional trading mistakes, making it difficult to systematize trading.
4️⃣ Loose-Weak Type
Traits: Timid, afraid to open positions, runs away after gaining a little profit.
Behavioral Pattern: You are a rather timid player. You might have a timid personality, or you may have been stopped out too many times, leading to this timidity. Your frequency of opening positions is very low, often unsure how to open a position or afraid to do so.
Advantages: Contributes less in transaction fees.
Disadvantages: Won't achieve large profits, but might incur significant losses.
Regardless of the type of player, everyone may encounter the same problem: stubbornly holding on to losses. This is not related to personality but rather human nature, stemming from a sense of luck and unwillingness to face the pain of loss. This can be gradually overcome through training.