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tify with than the others. Assuming this is true, now answer the following questions: |
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1. How does your present style of online trading seem consistent with what you read? What specifically did you identify with? |
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2. Was there anything you read in the trading type you most identify with that was very different than your own trading behavior? |
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3. What traits would you like to develop from trading types other than the one with which you most closely identify? |
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4. How might your style of trading change if you acquired these other traits? |
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5. How frequently would you like to trade? |
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6. Does your personality and present trading style accommodate this desired frequency? |
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7. If not, what efforts are you willing to make to acquire these other traits if they go against your basic personality and trading style? |
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8. Do you have any interest in combining trading styles? For example, mixing a core of long-term positions with short-term "trading shares"? |
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9. What do you know about your own personality and investment style that would make some of these trading styles undesirable or impossible for you? |
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10. How much time do you want to devote to trading? |
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11. How much money are you willing to spend to acquire the software, hardware, and training to learn active trading, if that is your interest? |
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12. How much time are you willing to devote to staying informed? For example, reading research on and off line, studying charts, keeping up on news of your stocks, reading about economic and company news, etc.? |
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In answering these questions, you ought to become more clear on how satisfied you are with your present trading style or how much you might like to alter it in some fashion. |
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Having a balanced trading/investing style means knowing how to call on the behavior needed for the situation and being able to |
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