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Trading Psychology | JUN 2003
How Fit Are You For Trading? by Ned Gandevani, Ph.D.
How Fit Are You For Trading? by Ned Gandevani, Ph.D. Reach your full potential as a trader by understanding your psychological makeup. Trading psychology plays an instrumental role in successful trading. Traders who are successful realize they are not trading the markets but rather their own psychology. But what does trading psychology really refer to? How do you know if you have the proper psychological profile to be a trader? What style of trading suits you best? What specific type of trading vehicle would best fit your personality? The trading personality test in the sidebar will help you identify your trading personality profile (TPP). This test can be used to identify your strengths and weaknesses with regard to trading. This information will then help you to develop specific strategies for optimizing your trading. To break down various aspects of your personality, however, the fivefactor model is useful.
by Ned Gandevani, Ph.D.
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