Welcome to The Trader's Crib Personality Style Quiz

Before you begin, please keep in mind that the results to this quiz are generalizations. Your trading style may eveolve over time. Always adapt your strategy based on your experience and market conditons. 

Let's first review the trading personality styles. Please briefly read each trading style description before proceeding to the quiz. This information will help you understand your results. 

The Scalper

Scalping is a form of trading where traders aim to achieve profits from relatively small price changes. Scalpers enter and exit the financial markets within a short time-frame, which is usually a matter of a few seconds or minutes and are known to use higher levels of leverage. The main goal of scalping is to gain profit from small price changes within the shortest time frame possible, which is often amplified by a larger position size. This is an intra-day type of trading which means that positions are closed before the end of the trading day or session. Scalping is known for its pace and quick executions.

Three Keys to the Scalper:

1. They usually make decsions in lower time-frames, such as 1 to 5 minute charts.
2. They typically wait for a strong confluence of support and resistance levels to find setups with the highest probabilities. 
3. Technical indicators can also play a role in the scalpers trading strategy.

The Day Trader

Day trading can be similar to scalping. Both styles take place within one trading day, but there are important differences. Day traders open and close substantially less setups compared to scalpers. These traders sometimes open one setup a day, and often not more than a couple per trading day. The day trader's strategy is to focus on the best opportunites of the day, and to hold on for a larger profit target. Therefore, a day trader usually holds a trade for several hours but not more than one full trading day. Ultimately the goal of a day trader is to aim for a larger piece of the expected daily price movement within one trade.

Three Keys to the Day Trader:

1. Day traders are waiting for the price to reach major decision spots on the chart, which offer the most profit potential in terms of the expected win percentage versus the expected size of the win.
2. They need to be patient as the price moves up and down, with and against their position mulitple times per day
3. They must also stick to their trading plan, and not yield to the temptation of exiting a trade too soon, because otherwise they risk turning the trade into a scalping setup

The Swing Trader

Swing trading is a style in which traders enter and exit sporadically, holding trades over a few days or weeks. Swing trading is a system whereby traders are aiming for intermediate-term trading opportunities, and is significantly different to long-term trading (which is when setups are open for weeks and even months at a time.) In most cases, the trade setup is not closed within one day. Sometimes swing traders prefer to close the setup within one week before the weekend, whereas other swing traders are content with holding out for several weeks. Swing traders can use different time-frames, ranging from the weekly to the daily, and from 4 hour to 1 hour charts. 

Three Keys to the Swing Trader:

1. Swing traders often use relatively lower levels of leverage, although this is certainly not a must, and is completely up to the trader in question. 
2. They tend to use a mixture of both fundamental and technical analysis and they aim for larger price targets and tend to wait longer for a trade to develop.
3. Some tend to use wider stop losses to provide more space for the price toe move up and down, and also againt their position. 

The Long-Term Trader (Investor)

Long-term trading refers to a style of trading where a trader holds a position for an extended period of time. Depending on the type of asset, the holding period can be as little as a few months or as long as 30 years or more. There is not upper limit to how long an asset can be held in long-term trading. For tax considerations, a trade has to be held for, at least, one year to be considered a long term trade. 

Three Keys to the Long-Term Trader (Investor):

1. A long-term investor strategy aims to hold an investment security for several months to a year or more and comes with a higher amount of risk due to the unpredictability of future outcomes.
2. Long-term investor's goal is price appreciation over a long period, rather than immediately, which means riding out dips in a security's price.
3. Many investors hold their long-term investments inside of a diversified portfolio to reduce long-term volatility. 

Want to learn your trading personality style?

* You have to answer all the questions to be able to learn your type. *

Have fun!