Page 2 - Trading #101 Course – Part One: Trading Basics

TRADING #101 COURSE – PART ONE: TRADING BASICS /2017-10-06

Chapter 1:

Identify Your Personal Trading Profile

It is important to examine your personality and experience, to help you align your
trading plan and signals with your trading beliefs and skill level.
You can align your personality or trading beliefs with your trading signals and create
your own custom trading approach. This will enable you to become a powerful force in
the market.

Keep in mind that you will be determining your “current” trading profile in this section as
it exists today. This profile may change over time as your beliefs change and
experience level change.

You will be identifying your profile by examining the following:

• Experience Level
• Trading Style
• Trading Frequency

Be sure to revisit this chapter from time to time to reevaluate your current reality.

Experience Level

(Select one “Experience Level” that describes your current trading level of experience):

1. Master Level

The “master trader” has years of experience trading in the markets and is at an expert
level of trading knowledge and skills. He understands his own beliefs and knows what
strengths and weaknesses he has. He trades in accordance with his beliefs,
personality, and temperament. He has an intuitive “feel” of the markets and operates in
a controlled, calm, but fluid way, and in the “zone.”

He understands and accepts risk and always operates with risk in mind, but is never
paralyzed by it. He is not controlled by emotions such as fear and greed. He trades in
total awareness and may at times seem to have a carefree attitude. He consistently
weighs the risk-to-reward equation.

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