Trading Personality - Finding Your Authentic Swing

By David Hobart
27 April 2009

I have found that trading is more about understanding me, than it is about understanding the markets. This isn’t so for all traders, because we all have different strengths, interests and personality types. In Jungian psychology, I fit into the INFP camp – Introvert (I), Intuitive (N), Feeling (F), Perceiving (P). (Click on Human Metrics for a good explanation on Jungian Psychology, you can do the test here also which I highly recommend).

Having these personality attributes means I tend to focus more on my inner world than on external issues; I use my imagination more than my senses; I’m more feeling than thinking and have a tendency to be greyer in my decision making rather than black and white.

Knowing this about myself, I have developed a trading style well suited to my personality. In the knowledge that my personality type is that of an INFP, my trading strategy has a strong behavioural bias, which comes from an understanding of human emotion and its relationship to markets (Introvert).

It also involves “big picture” thinking, where I imagine and assess possible future scenarios (Intuition). In my rules based risk management process, I listen for what “feels” right in terms of balancing my portfolio (Feeling) and I have built rules around my entry and exit execution to ensure that my tendency to see things as grey doesn’t get in the way of the need to be decisive (Perceiving).

In a nutshell, I allow myself to use my strengths and mitigate my weaknesses by using a trading strategy that suits my personality.

So rather than thinking that there is an ideal way to trade the markets; it is important to find the ideal way for you – that is a way that nurtures your strengths and allows your passion to flourish.

Market Insights – Probability not Certainty

Trading markets is never certain. The most successful traders are the ones that are not afraid of uncertainty, but rather manage that uncertainty to their advantage. To give you a sense of how I view markets, please clink on the link to my Quarterly Apeiron Ponderings. This article will give you a sense of how I view markets probabilistically and is a good starting point for additional market related thoughts in upcoming Trading and Market Insights.

If you would like to find out more about David Hobart’s trading coaching and mentoring programs, please email David at dhobart@traderemotions.com.au  .  
 

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Disclaimer: The contents of www.traderemotions.com.au is general information only and in no way provides advice in a personal or general nature. David Hobart and his related entities can not be held responsible for any loss, cost or expense resulting from your activities related to the subject matter in this document and or relating to www.traderemotions.com.au

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