The next psychological profile in Van K. Tharp’s series on trader
personality types is the Facilitative Trader.
This trader type would suggest an individual who has a quiet and
serious demeanor, but yet who is very sociable and works well in facilitating
others in a group or team situation.
Facilitative Trader Qualities
The Facilitative Trader generally sees potential in everyone and
provides inspiring leadership qualities to people, thereby allowing them to
fulfill their potential. As a result, these traders often become leaders
of other traders.
The Facilitative Trader has two of the three core qualities essential
to becoming a great trader. These are:
- The ability to see and understand the big picture, along with what connections and possibilities exist, and
- The ability to be orderly and decisive, and to do things in sequential order.
In addition, Facilitative Traders are generally well organized,
which is a great asset for any trader.
Trading Strengths
The Facilitative Trader has the advantageous capacity to see the
big picture and to make the mental connections necessary to identify and make
profitable trades.
This type of trader will typically work better in groups or teams
than by themselves, and they make natural leaders.
Trading Challenges
The Facilitative Trader’s impressive facility to work with others
can also be a disadvantage when trading.
This can arise because of the solitary nature of trading, as well
as the fact that traders usually seek to take advantage of pricing aberrations
in the markets, thereby leaving fewer dollars to be split among more traders.
Also, the Facilitative Trader personality type tends to be more of
a people person. This might make the relatively impersonal world of logic and
ideas uncomfortable for them to deal with, and hence could make an objective
trading plan harder for them to follow.
Facilitative Traders may also need outside confirmation in order
to have confidence in their trading ideas.
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