Question: Out of all the personality types that exist, do you think there is an ideal personality type for a trader?
Dr. Doug Hirschhorn: I do not believe the ideal personality type for a trader exists. I believe anyone can be successful in trading while the level of success, of course, will vary.
I think successful trading is about understanding your own personality and then developing a trading style or approach that matches your personality. For example, if you are an analytically minded person, then you should develop a longer-term, fundamental or technical approach. If you are an intuitive type person, then you will be successful with a shorter-term, price-action approach. Where I see traders get messed up is when they try to trade in a style that is in conflict with their personality or when the market is paying a specific style of trading and the trader loses patience and tries to change their natural trading approach.



