Each trader is unique.
There are over 8 billion people in the world (including space aliens disguised as humans and automobiles) and not one person is exactly the same as another.
Even identical twins will have different fingerprints.
We all like different things and are unique in our own way.
Trading is the same way. Our unique personalities will lead us to trade differently from one another.
Some may be aggressive, “type A” personality traders while others may be more relaxed, “type B” personality traders.Some may like taking small wins all the time, while others don’t mind losing a bit in order to make those huge gains when they do win.
As traders, there are a wide variety of approaches available to try to interpret price movements and try to profit from them.
Some traders may use a particular approach almost exclusively.The point is that no two traders are alike.
Even if a group of people was to trade the same system rules, each person’s end results would most likely be different from everyone else.
Is that a bad thing?
Not at all!
Our uniqueness is what makes the world go round, so it’s important to know your lifestyle and personality to help identify trading strengths and weaknesses.
If your stomach has always been sensitive to spicy food since birth and you try to force yourself to eat pizza loaded with habanero and jalapeño peppers to try to impress that hot gal or guy while on a date, this will probably result in you experiencing frustration (on the toilet seat) and may eventually hinder the toilet (from flushing).
The same goes for trading.
Trying to force a trade that doesn’t match your personality will result in frustration and can hinder you from making consistent profits.
The next lessons will take you through a variety of trading styles so that you can identify which one may match you the best.