Trading According to Your
by Frank Soler of SolerInvestments.com
In order to trade successfully, you must trade according
to your personality.
You may be able to make it for a short time trading a style
that doesn't match your trading personality, but over time
your results will suffer.
Using myself as an example, I know that I'm somewhat conservative
in my trading and don't like high risk.
So while I know I could make money trading a high risk
scalping trading system where I'm in and out of million
dollar positions and trades in seconds, I would hate it.
I'm so much more comfortable swing trading (trades lasting
from a few hours to a few weeks). This fits me.
Taking position sizes that never risk more than 3% of my
account. Perfect, low risk, low draw downs. Definitely suits
Taking a huge loss and getting angry. No thanks, I'm quite
OK with small losses when they happen and small to large
Only you know yourself, only you can figure out what style
is the right match for you, what markets you'll like, what
time-frames are for you, what trading hours fit your life.
IF you can match up YOU with your methods and style, you're
exponentially increasing your odds of succeeding in this
IF you want to trade someone else's style and force yourself
to adapt to that person's ways, good luck, you're going
to need it!
Frank Soler is a successful trader and Registered Investment
Advisor. His company provides real-time Forex,
Futures, Options, and Stock Picks, an eye-opening Trading
Blog, and a free
online trading education center.