Saturday, January 19, 2019

Survey to find out your best fit trading strategy


What made 10% traders successful? Have you ever wondered why, how, what strategies they used?
I will share with you some of the proven strategies from day-traders to get more odds into your favor.

Let's take a survey to find out best strategy that fits for you.
Add up points per questions for the answer at the end.

  1. Are you a long term investor or short term day/swing trader?
    1. Long term investor (1 point)
    2. Swing trader (2 points)
    3. Day-Trader (3 points)
  2. What would be the duration of time that you are willing to hold the stock/position through?
    1. More than 2 years (1 point)
    2. Between 3 months to 6 months (2 points)
    3. less than 10 minutes (3 points)
  3. What is your personality in trading?
    1. Calm and relax while in trading (2 points)
    2. Aggressive and active trading (3 points)
    3. Set the trade up and forget it (1 point)
  4. When you are into negative -$1000 USA from one of your stock's position, what do you do?
    1. I feel nervous and sell my stock's position. (3 points)
    2. I am going to add more shares. (2 points)
    3. I feel headache and do not want to look at it anymore. (1 point)
Are you ready for the result?  Scroll down to the score and recommendation section below.



If your score is from:

*** 0 to 5 points:
Characteristic : You have a long term vision whether on the financial field, business, or investment. You hate hectic chaos constantly change, market noise in another word. Your style is a conservative trader, long term, and win big.

Trading Style/Strategy: Buy and hold long term. Averaging down also should be considered to help you offset the loss. Fundamental fits for your trading style. Please refer to article#1: "Buy and Sell at right timing for Long Term Investment."


*** 6 to 10 points:
Characteristic : You are a swing trader. You usually hold your stock's position from a week to several months long. Your impatient may cost you opportunity to win big. Suggest to stay away from pump-n-dump stock, as it is too aggressive for you and you are not ready to handle/manage this type of trading yet. Could be because of your busy daily work, or just your personality style. Play safely is the key.

Trading Style/Strategy: do spread strategy or buy/sell short term base on technical analysis, some fundamental but doesn't need much. Please refer to article#2: "How to find the right spread trade opportunity for a living."


*** greater than 10 points:
Characteristic : You are a very aggressive trader. Your stock's position may not hold longer than 5 minutes or so. Discipline is the key. Win big but also lost big. Need to find a balance between accuracy versus risk.

Trading Style/Strategy: Day trader, scalp trade, ninja trade, quick and mainly base on technical analysis: such as MA 9 and 20. RSI and ATR. Please refer to article#3: "Day Trade for a living"



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