Take this trader test & know yourself better

Given below are 23 questions. Try answering them honestly. Note down your answer on a piece of paper. Answer ratings are given in the end.

After you are done, just total your score and read the interpretation.

Best of luck!

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Q.1. You book profit
a) when the profit is too handsome to lose
b) when you feel there can't be much more profit
c) when you have a sell signal

Q.2. You book loss
a) when any more loss is unbearable
b) when stop loss is hit
c) when the loss is small

Q.3. Your position size (amount) in a trade is decided by
a) the amount you have
b) the profit you want to have
c) the loss you want to backup

Q.4. You buy
a) when others are buying
b) when others are selling
c) when there is a buy signal

Q.5. The method you choose
a) is the one you have shortlisted after trying many others over a period of time
b) is from a basket of favourite methods
c) you don't believe in method

Q.6. In your opinion, emotions are
a) good
b) bad
c) unavoidable

Q.7. You believe
a) in waiting for the right opportunity
b) in benefitting from every situation
c) in random trading

Q.8. When the opportunity you wanted is in front of you
a) you have butterflies in your stomach and wait for a while more
b) you smile and enter the trade
c) you suspect the authenticity of the opportunity and prefer to wait for confirmation

Q.9. In your opinion, risk is
a) good
b) bad
c) unavoidable

Q.10. When the market is falling
a) you like it
b) you hate it
c) you stay away

Q.11. When the market is rising
a) you like it
b) you fear it may fall
c) you wait for the fall to enter

Q.12. When people are panicking
a) you are one of them
b) you are one of greedy ones
c) you are cautious

Q.13. Trading expenses, in your opinion, are
a) most important
b) somewhat important
c) not important

Q.14. When a trade goes wrong
a) you wait & watch & expect it to stop and turn back
b) you square-off and quit
c) you have a plan B

Q.15. In your opinion, timing the market
a) is possible
b) is not possible
c) is possible to a reasonable extent

Q.16. You are in market to
a) learn
b) make profit
c) get rich

Q.17. For you, loss is
a) a slap on your face
b) a setback
c) a lesson

Q.18. For you, profit is
a) to be celebrated
b) to be acknowledged
c) to be suspected

Q.19. In your opinion, trading is
a) gambling
b) business
c) side-business

Q.20. You find trading
a) exciting
b) boring
c) frustrating

Q.21. You trade
a) long side only
b) short side only
c) both long as well as short side

Q.22. You prefer
a) timely small profits
b) untimed but big profits
c) profits (at whatever time interval)

Q.23. When someone praises you
a) you feel good
b) you feel awkward
c) you feel scared

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Answer ratings:-

Q1.a)0 b)1 c)2

Q2.a)0 b)2 c)1

Q3.a)1 b)0 c)2

Q4.a)1 b)0 c)2

Q5.a)2 b)1 c)0

Q6.a)1 b)0 c)2

Q7.a)2 b)1 c)0

Q8.a)1 b)2 c)0

Q9.a)1 b)0 c)2

Q10.a)2 b)0 c)1

Q11.a)2 b)1 c)0

Q12.a)0 b)2 c)1

Q13.a)0 b)2 c)1

Q14.a)0 b)2 c)1

Q15.a)0 b)1 c)2

Q16.a)1 b)2 c)0

Q17.a)0 b)1 c)2

Q18.a)0 b)2 c)1

Q19.a)0 b)2 c)1

Q20.a)1 b)2 c)0

Q21.a)1 b)1 c)2

Q22.a)0 b)2 c)1

Q23.a)0 b)2 c)1

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Interpretation:-

0 to 12:You are a casual trader. Get serious otherwise you may be knocked out with heavy losses.

13 to 25:You are an amateur who is ambitious but struggling with basic problems and shortcomings. Fear is stopping you to move up the ladder. Your trades are risky and are prone to traps. You are unsure about your trades. You are still being taken for a ride by your emotions. Reduce your position size and trade with confidence and guts. Increase your appetite for big profits.

26 to 40: You have broken that crucial resistance level in the growth of a trader! You have certain issues to be ironed out but you are aware of them. Your trading career is in advanced stage and now there is no looking back. All the best!

Above 40: You are a Pro! Congratulations!

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