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The phrase “you need a system that fits your personality” gets thrown around a lot, but from my own experience helping traders, I can say that very few have an idea of what this really means. In this article, I will try to shed some light and provide some guidelines that you can use in your own trading to adjust your trading approach based on your personal situation, beliefs, mindset and goals.
Personal life situation
Not only is every person different, but life situations and conditions differ as well. And based on where you are right now in life, you need to approach trading differently.
If you are in your mid-late twenties and you may be just started working, you probably won’t have a lot of savings. Thus, your trading account will be small which means that it is unrealistic to start trading for a living, or even have that as your next goal. However, at the same time, you have (hopefully) many more decades ahead of you and time is on your side. Therefore, yo...
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