Are you a setup trader or an adaptive trader?

　　 What is a setup trader？

　　A setup type of trader could be someone who is a visionary, they visualize something before it happens. They know what kind of setup they want to see and enter only when that certain setup plays out. They may have a lot of knowledge but they stick to the same set of rules they may have on their trading plan. Discipline and patience are the key traits that this type of trader has to seriously develop. If your mind only visualize certain types of setups or patterns that is when you may have better opportunities because once everything makes total sense to you, you will have more confidence and a less room for mistakes especially if you know what you doing.

　　What is an adaptive trader？

　　Most of the things that we do inside the market are of our natural traits, but sometimes we may overlook the little things because we focus too much on the bigger picture. If you are more of an over thinker you may not be able to be consistent with this type of trading, because the market would tell you what to do and you might over think it. This is type of traders who change their minds fast and adapt with the market at the moment, without them wanting the price to do what they expected. With this type of trading you may trade a lot of different trading conditions with totally different setup, but you need a really good foundation to even reach that level of expertise. You can also easily find more continuation trend trades and also reversal trades regardless of the timeframe but dealing with the timeframe that makes sense at that moment.

　　 Finding consistency

　　If you have a winning strategy but it is not of your character you may not be consistent because your traits may contradict with what is on your mind at that moment you are in front of your charts. There is a lot of knowledge that most traders know but they just do not know themselves enough to even develop a concrete trading style for themselves not to follow someones style. You may look between the two styles and then you may develop your style with and understanding.