Fear is in charge
The Hesitator
Wait for one more sign it's working.
Watch for: waiting for one more sign until the move is gone.
What type of trader are you?
You know where your stop goes. You moved it anyway. Take five minutes to find out why, and what to do about it on your next trade.
Find my trader type
Free. About 5 minutes. You'll add your name and email at the end to see your result.
From Deron Wagner, who has traded for 25+ years and has taught swing trading since 2002.
Sample result
The Chaser
When a stock runs, you'd rather be on it than wait for your price. Your buy price is more of a suggestion.
The voice in your headIt's running. Get in before it's gone.
FearLow
GreedHigh
HopeMedium
RegretLow
Your first habit
Before the market opens, write down the highest price you'll pay for each stock on your list. If one opens above that, cross it off and move on.
Which of these have you written in your trading journal?
Each entry is a different emotion at work. If you've never written one of these, you've probably never traded real money.
Mon 9:45 amFear
Plan said buy. I waited for one more sign it was working. It was. It's up 4% without me.
Tue 9:31 amGreed
Opened 6% above my buy price. Bought anyway, since it was obviously going higher. It was not.
Wed 2:10 pmHope
Hit my stop. Moved it down a little. Then a little more. It's a long-term hold now.
Thu 10:02 amRegret
Lost at 9:50. Doubled my size at 10:02 to get it back. Now I'm down twice.
Your Trader Profile shows which one writes most of your entries, and what to do about it.
Find my trader typeSeven trader types. Which one is you?
When a trade gets tense, each type hears a different voice in its head. These are the seven.
Greed is in charge
The Chaser
It's running. Get in before it's gone.
Watch for: buying after the jump, or betting bigger when you feel sure.
Hope is in charge
The Believer
Give it a little more room. It'll come back.
Watch for: moving a stop, or holding a loser because it has to come back.
Regret is in charge
The Haunted Trader
I need to win that last one back.
Watch for: a trade that's really about the last one.
Several at once
The Trader in the Storm
Everything feels urgent right now.
Watch for: trying to fix everything at once. One rule at a time works better.
New traders
The Clean Slate
I want to build this the right way.
Watch for: your first real loss. That's when habits get tested.
Plan comes first
The Steady Hand
Same rules as always, even after a big win.
Watch for: the trade right after a big win or a hard loss.
You leave with one habit to try on your next trade.
Here's what the last screen gives you, with a sample of the habit part.
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Your trader type
One of seven, plus the voice you hear in your head when a trade gets tense.
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Your emotion mix
How hard fear, greed, hope and regret each pull on your decisions.
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Your emotional fingerprint
Your answers drawn as one shape: a dot for each answer, with the strong ones sitting furthest out. Save it as a picture if you want to.
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Where it costs you
Where your type shows up: at the entry, at the stop, in your size, or in the trade right after a loss.
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What to do about it
A first habit and two more fixes for your type. Each one fits on a sticky note next to your screen.
Sample from The Believer
What to do about it
Watch for: telling yourself the stop was a little tight, and moving it.
Your first habit
Treat your stop like a fire alarm. When it goes off, you leave. You can argue about it from the sidewalk.
- 2Enter your stop order the moment you buy, because a stop in your head is just a wish. Move it closer whenever you like. To move it further away, write down why first.
- 3Before adding to a loser, ask: would I buy this fresh today, with new money?
Try the first habit on your next trade. Add the next one once it sticks.
New to trading
12 questionsFor anyone with under 6 months of real trading, or none yet. The questions cover moments like a stop getting hit or a stock running without you. You get your type and a habit to build early.
Trading 6 months or more
14 questionsAdds questions about your last 10 trades and when you notice yourself breaking a rule. You also see which of four stages of rule-following you're in, from “no rules yet” to “automatic”. You tell us how your account has done lately, and the result checks that against your answers.
How it works
Answer 12 to 14 questions
Pick what you'd actually do, not what you know you should do. About 5 minutes.
Add your name and email
On the last screen. Your result opens right there, on the same page.
Try your first habit
Use it on your next trade. Retake the quiz in a month to see what moved.
Who’s behind this
Deron Wagner
Founder, Morpheus Trading Group
Deron has traded for more than 25 years and has written five books on trading. In 2002 he started Morpheus Trading Group to teach swing trading, which means holding a stock for days or weeks.
Morpheus Trading Group has published the Wagner Daily swing trading newsletter ever since. The Trader Profile comes from Module 6 of TradeQuest, our swing trading course, which covers the four emotions that wreck trades: fear, greed, hope and regret.
TradeQuest is accredited by the International Education Accreditation Council, an independent group that reviews courses. Read Deron’s full story.
What TradeQuest students say about the psychology lessons
“As an engineer, that stuff called psychology, I had no use for it, to be honest. Boy did I miss the boat there.”
“I was pretty good at actually picking the right stocks, and I was horrific at actually keeping them. The psychology part was the game changer for me.”
“My initial reaction was ‘this is fluff.’ I have come to understand just how critically important trading psychology is and could be the main difference between good traders and great.”
Questions traders ask
Anything else, write to help@morpheustrading.com.
Is this a trading psychology test?
Sort of, except there's nothing to pass or fail. You answer 12 to 14 questions about what you do when a trade moves, and your answers show which emotion pulls hardest on your decisions.
How long does it take?
About 5 minutes. New traders answer 12 questions. If you've traded real money for 6 months or more, you answer 14.
Is it free?
Yes. You add your first name and email on the last screen, and your result opens right there on the same page.
What's swing trading?
Holding a stock for a few days to a few weeks. It sits between day trading, where you're in and out within a day, and long-term investing, where you hold for years. It's what Morpheus Trading Group teaches.
I've traded for years. Will it tell me anything new?
It might. Experienced traders get extra questions about their last 10 trades and about when they notice themselves breaking a rule. Plenty of experienced traders know their rules cold and break them anyway. The profile shows where that happens for you.
Does it work if I'm not a swing trader?
Yes. The emotions are the same in any market and on any time frame. The example trades in the questions use stocks, because that's what Morpheus Trading Group teaches.
How do I stop trading emotionally?
Emotions don't switch off, so most of the work happens before the trade. Decide your entry, your stop and your size, then follow them. Your profile shows which emotion is most likely to break that plan for you, so you know where to start.
How do I stop revenge trading?
Try a cooling-off rule. After a loss, wait 30 minutes, then ask: would I take this trade if the last one never happened? If the answer is no, skip it.
What happens to my email and my answers?
Your first name, email and trader type go to Morpheus Trading Group. After your result, we'll send a few short emails on handling your type, and you can unsubscribe with one click. Your individual answers stay in your browser. We never ask for account numbers or a broker login. Privacy policy.
Will you try to sell me something?
Sometimes. Morpheus Trading Group sells a swing trading course called TradeQuest, and your result links to the lessons that cover your type. The Trader Profile is free, and so is the Telegram channel on your result page.
Is this a psychological evaluation?
No. It's an educational self-assessment based on your own answers. It can't diagnose anything or replace a professional.
Which one are you?
Your next trade is coming. See which of the four feelings will be sitting next to you.
Find my trader type
Free. About 5 minutes. You'll add your name and email at the end to see your result.
Educational content from Morpheus Trading Group. Not investment advice. Trading involves risk, including the loss of money. The Trader Profile is an educational self-assessment, not a psychological evaluation.
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