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tors may sell their shares just before the earnings release. Or, if they are a little more risky, take a chance that the earnings are good enough to further propel the stock. But the bet is for the short-term situation. |
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Because obsessive-disciplined investors keep close tabs on news of their stocks and learn their typical patterns, they are well-suited to be position traders, assuming they have the interest and the willingness to take higher risk. They have done research, which gives them the confidence to strike when the time is right. |
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The Obsessive As Longer-Term Investor |
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In terms of time horizon and trading frequency, the typical obsessive-disciplined type, who is not highly interested in the market or willing to face some anxiety, is ideally suited for intermediate- to longer-term trading. This means from months to years into the future. They don't get too upset at the daily or weekly movements of the market, because their focus is on the long haul. Their patience serves them well in this regard. |
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The reality is that most who are obsessive-disciplined traders are most comfortable and have the most success when they do what they do best. And that is to carefully analyze stocks and, when ready, take positions and hold them for the long term. If you are a typical obsessive-disciplined type, clearly you are a horse who prefers a medium- to long-term course. |
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The Obsessive As Day Trader |
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Those who are pure obsessive types are clearly not the best candidates for super-speedy minute trading or day trading, at least as it is done by professional day traders. |
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Why? Because the unpredictability of it and quick decisions required make them just too anxious and uncomfortable. It just goes too much against their grain. And if they do trade more frequently, they prefer to do it in the comfort of their own office or home. They will not adjust well to the tense environment of a day trading room with dozens of other anxious people around them. |
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If they want to do more frequent trading, say, many trades per week, they will also have to overcome some of their basic conservative orientation. If they want to be day traders, they're in for some serious jolts to their typical style. |
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