Part II: Which Personality Types Make Most Money + Have Most Trading Success

#PersonalityType #Trading #Success #WhichPersonalityTradesBest
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DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.

0:00 Introduction - what is your type
0:36 Trading Profitability by Personality Attribute
1:04 81% of INTJ are Profitable Traders
2:24 INTJ's make the best traders as they always see the negative in any situation which causes fear and precludes confidence. Dominant introverted intuition is the function best suited for analyzing complex patterns and takes the time to fully understand a situation before pulling the trigger. Source: humanmetrics.com
4:00 I, N Types Got an “I” and an “N” in your Meyers Briggs? Introverted Intuitive types generally…. 60% Success
4:25 J Types Got a “J” in your Meyers Briggs? Judging types generally have a 65% chance of success.
4:55 S, P Types Got an “S” and a “P” in your Meyers Briggs? Sensing and Perceiving types are generally only 33% successful at trading.
5:35 F, P Types Got an “F” and a “P” in your Meyers Briggs? Generally, these types are not successful at trading because they cannot remove emotion.
6:14 Got an “E”, “T” and a “P” in your Meyers Briggs? Extroverted Thinking Perceiving types need a system, help, or a guide. E, T, P Types
7:00 The Married Couple Nina is an ISFP and Mark is an ESTJ She senses an opportunity and her gut is telling her to invest in crypto (FEELING) but Mark, not acting on emotion (THINKING) believes crypto is too risky. Mark can’t relate to her decision based on emotion and based on a previous experience of loss (SENSING) he does not want her to invest in anything with risk.
8:30 Dr. T - MD, Ph.D., Ph.D. ISTJ (Introversion, Sensing, Thinking, Judging) Conservative, traditional, governed by a sense of right/wrong. They earn success through dependability (crypto does not offer dependability because in their mind it is either too risky or if they can’t see it, it ain’t real).
9:56 Conclusion #1 Know who you are Adapt Improvise Use system Make it emotionless Find system that fits your type
11:00 Conclusion #2 Introverts beat extroverts when it comes to trading success.
11:25 Conclusion #3 Thinkers do well.
11:39 Conclusion #4 If you are a Feeling and Perceptive type make sure have a process, system, and set of rules to follow.
12:00 Conclusion #5 S (Sensing) types may shy away from investing in high-risk opportunities: they tend to go with what they know, previous experiences, facts, and proof - if it does not fit the mold they look the other way. Bitcoin could be seen as an illusion vs a tangible item worthy of investment.
12:58 Conclusion #6 Don’t try to be like someone else:
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