You look like a...
Trend Trader
A trend trader is someone who likes to "catch the big wave". You don't mind waiting patiently for a specific point in time when you can see the momentum of the price building up, and then get in to ride the trend until it ends.
In other words, you'd rather wait longer to catch the big fish than to quickly snap up the smaller ones.
When completing tasks, you're also more focused on getting the best return or results on your time spent.
After all, the cautious seldom err, yes?
Most successful trend traders share these traits with you.
What Exactly Is
TREND TRADING?
As the name suggests, a trend trader’s main focus is riding the wave of the market direction and following the trend! This is a mid-term strategy that only requires an hour of your time a week.
Trend traders get on the trend when there’s signs of trend reversal and stay with it as long as the overall trend holds. They may be in the position for anywhere from a few months to a year and gradually add more positions to compound their profits when the trend is in their favour.
You'll mainly be using that one hour a week to check if there are any potential entries or to monitor your exisitng positions. Quick and easy.
If you like being involved in the market but prefer minimal commitment with better compounding than investing, you may want to consider trend trading as an option!
Is trend trading for me?
BASED ON THE ANSWERS YOU CHOSE,
PERSONALITY
Trend trading appears to fit your personality
TIME
It looks like you may not be able to commit an hour a week for trend trading at the moment...
RETURNS
Realistically, the returns that you're expecting may exceed what trend trading can offer...
Statistically, when you're competent and disciplined, trend trading can normally generate around 30 to 60% of returns per year.
However, it looks like you're looking for more than that at the moment and that you may not be able to commit an hour every week to trade trend.
That's okay, trend trading is just 1 of 4 trading styles. You have more to choose from!
Schedule a personal consultation session with us to understand how other trading styles can help you achieve your good returns with lesser time commitment.
The REALITY of trading styles
Things to Note
Important:
Although trend trading appears the most suitable for you, this is not cast in stone. In reality, most traders and investors master a few trading styles that they use simultaneously or seasonally depending on the market condition.
Therefore, there is no absolute best trading style, only the most appropriate according to your personality, time commitment, expected returns, lifestyle and also the market condition.
Understanding different trading styles and knowing when to use them is key.
