CHAPTER 17

Conscientiousness and Trading

In general, the conscientiousness (C) factor of personality rates a person’s degree of self-control, perseverance, and striving for achievement. those who have an overall high C score are good rule followers. This is particularly true for those high in facets C2 (order) and C3 (dutifulness). If this is you, you will do well trading mechanical systems. Systems trading is rule-based; the trading system dictates which trades to make and when. System trading decisions are absolute (if the criteria are met, the trade is made no matter what) and do not offer you the opportunity to decline to make a trade based upon your own discretion. For example, if a system trader reviews her charts and finds that her trading ...

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