Characteristics of the Active Trader
In This Chapter
• Personal and professional characteristics of active traders
• Risks of active trading
• Active trading as a career choice
• Emotional and intellectual challenges
Active trading may seem like the investing equivalent of the National Football League, where aggressiveness, supreme self-confidence, and a no-excuse attitude are rewarded. While those characteristics come into play, they alone won’t make you a winner as an active trader. In fact, most active traders work very hard to keep their emotions out of their business. Emotions cloud judgment and, when you are doing very short-term trading, can trick you into following one bad trade with another. People who trade on emotion or gut ...