Jump to content

Which Type of Trader Are You?

Recommended Posts

I'm hoping @JamesIG  might be able to set up a poll for this question to shed some light on the differing trading styles of our forum users.

The list, as described by Steve Burns, is a useful analogy of the main trading styles in itself.

Value investing is buying discounted dollars.

Trend following is letting strong dollars grow.

Swing trading is flipping dollars.

Momentum trading is doubling quarters.

Day trading is flipping fast pennies.

Link to comment

Could be interesting @Caseynotes, as we have discussed recently it is vital to understand where any commentator is coming from (i.e. there biases) is you want to take on board what they are saying.  You and I may agree on many things but ultimately we trade on different time-frames and with different methods so we can also disagree and yet still both be right...

As I look at the list I think they items are not mutually exclusive in that, for example, I could describe myself as a swing trader but also at times a trend follower.  Not sure value investing is trading (I separate my investing activity from my trading activity and take very different approaches, albeit that one informs the other).

I also thing it might be useful to draw out some additional aspects such as Technical trading (of which there are many forms); News trading and so on.  There used to be a strap line on contributors profiles where they self describe what kind of trader they are, which I found useful. 

Link to comment

 @Mercury the strap line at the bottom to help identify yourself was helpful, I think you can add something to your profile page here on the new one.

The list is not mutually exclusive as you say but most will have a 'most preferred' style of trading that will fall into one of the categories. I would keep investing in as a large number of IG clients and so forum users are inclined that way and the proportions between all the groups would be interesting and useful to know.

I liked the added diversification of the dollars, quarters and pennies to add a sense of time frame and turnover related to the different styles.

  • Great! 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...