There are two kinds of Traders

In a post to my TraderFeed blog recently, I suggested that there were two kinds of traders. One tends to trade the market based on visual patterns and often needs to rein in emotional disruptions to decision-making. The other is more analytical and bases trading decisions on tested models and/or historical/statistical patterns, but often needs to ramp up risk-taking in order to fully take advantage of edges in the marketplace.

These two kinds of traders naturally lead to two core strategies for helping traders. The first is to eliminate or reduce unwanted, negative patterns. The second is to initiate or augment desired, positive patterns.