Facts and Figures

Some people like facts and figures; others prefer trusting their intuition and looking for artistic expression in the realm of trading. The trading profession is big enough for all kinds of traders, though. There isn’t one right way to trade, but the trick is to figure out what you are like and to match your trading style to your personality. Take the data-driven trader, for example. At an extreme, the data driven trader looks for consistency and attempts to find “rules” and conventional wisdom to guide trading decisions. For some data-driven traders, a major preoccupation is to study historical data and back-test ideas until a good fit is discovered. Other data-driven traders enjoy spending their nights scouring reports for a valuable tidbit of information that will give them an edge. If you are the kind of trader that enjoys getting caught up in the details, using this affinity to your advantage is the best way to profit from the markets.