|
|
|
|
|
|
|
morals, and self-restraint. Of course, this does not mean all gambler trading types are this wayonly more likely to be involved in marital infidelity than other trading types. |
|
|
|
|
|
|
|
|
For this type, the distinction between reasonable risk that is adventurous and crossing over the line into foolhardy indulgence is often lost. In fact, they will misperceive and mislabel foolhardy risks as reasonable. And then they will believe their misperception. |
|
|
|
|
|
|
|
|
In other words, they do the opposite of the doubter-timid typethey err in underestimating the actual risk involved in following their impulses, as well as the severity of the consequences. |
|
|
|
|
|
|
|
|
Having a gambling-impulsive trading style is simply a reflection of their view of life itself as the Big Gamble. |
|
|
|
|
|
|
|
|
"Anything can happen at any timeI might as well follow my tastes, preferences, and go for all the gusto I can!" Or: "You're gonna die of something anyhowI might as well enjoy it while I'm here." That is how they might describe their philosophy of life. By God, nobody's going to tell them whether to smoke, eat steak, or to have a dessert after dinner! |
|
|
|
|
|
|
|
|
On the positive side, they are open to a wider variety of experiences than the more conservative types. From different foods, to foreign travel, to multiple viewpoints, they tend to be more accommodating to the novel and strange. This makes for flexibility to change and openness to new experiences. Often this type is flamboyant, charismatic, and enjoys a measure of popularity with others. |
|
|
|
|
|
|
|
|
Because of their risk-taking nature, they may strike it rich through a start-up business or willingness to take a chance on a new venture that promises big returns. They are open to adventure and while this means some exciting experiences in their lives, it also means a higher chance of catastrophe. |
|
|
|
|
|
|
|
|
These people are often colorful, exciting to be around, and occupy the role of exotic parrots in the menagerie compared to the typical, everyday human birds. |
|
|
|
|
|
|
|
|
Gambler-Impulsive: Money Management/Trading Style |
|
|
|
|
|
|
|
|
The phrase that best describes the gambler's money management style is "fast and loose." Money tends to come in fast and go out even faster. And it is cared for loosely. These types like to spend on themselves and may also be quite generous with friends and families. |
|
|
|
|
|