Stock Sniper Trading – Trading Style Homework
Objective:
To help you understand the various trading styles, assess which style aligns with your personality, trading hours, and life balance, and develop self-awareness around the psychological aspects involved.
Part 1: Self-Assessment Questionnaire
1. Lifestyle & Time Commitment
- How many hours per day can you dedicate to trading? (Select one)
- Less than 1 hour
- 1-2 hours
- 2-4 hours
- More than 4 hours
- During which market sessions do you prefer to trade?
- Pre-market / After-hours
- During NY market hours (9:30 AM – 4:00 PM EST)
- Asian Session
-London Session
2. Personality & Psychological Traits
Rate yourself on a scale of 1-5 (1 = strongly disagree, 5 = strongly agree):
- I prefer fast-paced environments and making quick decisions.
- I am comfortable with frequent trades and small gains.
- I have patience and prefer holding trades over longer periods.
- I am disciplined and can stick strictly to a trading plan.
- I experience emotional swings when trades go against me or I make losses.
Part 2: Match Your Lifestyle & Traits to Trading Styles
Based on your answers, think about which trading style might be most suitable for you. Here’s a quick overview:
Scalper: Rapid trades, small profit targets, high focus, emotional discipline. Do you have 1+ hours available, focus, and quick reflexes?
Day Trader: Intraday trades, no overnight holds, moderate time commitment. Can you dedicate 2+ hours and handle market volatility?
Swing Trader: Trades last several days to weeks, analysis-based, less intense daily focus. Do you prefer focusing on longer-term setups with less daily pressure?
Position Trader: Long-term holding, fundamental analysis, patience. Are you comfortable holding positions for months or years and waiting for bigger moves?
Algorithmic Trader: Automated trading, high tech reliance, fast execution. Do you have technical skills or wish to learn automation?
Part 3: Psychological Reflection
1. What are your strengths as a trader?
(Select all that apply)
- Discipline and sticking to rules
- Emotional control under pressure
- Quick decision-making
- Patience and long-term perspective
2. What traits do you want to improve?
(Select all that apply)
- Discipline
- Emotional resilience
- Focus and concentration
- Flexibility in adapting to market changes
Part 4: Practical Exercise
Identify a recent trading session or review a demo setup:
- For Scalpers: Try executing 5-10 quick trades based on a specific setup, focusing on discipline and emotional control. Record your emotions and decisions.
- For Day Traders: Document your analysis for a single intraday setup, including how you manage trades from entry to exit.
- For Swing or Position Traders: Review a recent trade held for days or weeks. Analyze your patience and adherence to your plan.
Part 5: Reflection and Planning
Write a short paragraph (3-5 sentences):
- Which trading style do you feel most aligned with after this exercise and why?
- What adjustments or skills do you need to develop to succeed in your chosen style?
- How will balancing your personality, available hours, and psychology contribute to your overall trading success?
Next Steps:
Share your reflections with the Sniper community in our Discord Channel #SSTHomework or keep a trading journal. Use this exercise to guide your focus in upcoming practices and educational sessions. Remember, mastering a style takes time and self-awareness—continual learning and psychological resilience are key.
Looking forward to seeing your insights and helping you discover your most suitable trading style!
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