I changed the definitions for the Trader Types to align with more commonly used terms.

The original categories for trader types are still showing in my first survey, which is published on the BuzzDash site. I’ve replaced it with the survey currently in the upper right column of this blog. The key difference is the name of each category, and slight change to the duration of the second to last category.

Tags: hold time, trader type

Trader Type is defined by how long a person likes to hold a position.  My categories are:

• Buy ‘n’ Hold = practically forever = no pre-defined exit
• Active Investor = measure in years with pre-defined exit
• Position Trader = measure in weeks
• Swing Trader = short term, measure in days
• Day Trader = don’t hold overnight
• Market Maker = always have an offer to buy and sell outstanding

Extra Insight:

I’m most interested in the swing trade and position trading.   I’d like to hear what readers think is the most interesting area and have set up a Buzz Dash poll.    Please vote for your favorite type:

Many experts say you need to find the style that suits you best and that timeframe is often a matter of temperment.   Maybe, but I do find my temperment changes as I see the various track records from backtesting!

Updated 11/17/08.

Tags: backtesting, day, exit, long, selling, short, timeframe, trader type, trading