Thank you for taking the time to complete the “What’s Stopping You?” Self Assessment. Global Trader is pleased to present you with your private “What’s Stopping You?” Report.

This report aims to provide you with;

• feedback on your basic knowledge and understanding of key investment products (Stocks, CFDs, Futures and Options)
• feedback on how suited you are to investing online with the likes of Global Trader
• a profile of your appetite for risk
• insight into your personality and commentary on how it drives / effects your investment behaviour
• guidance that hopefully addresses the factors that YOU believe are stopping YOU from taking control with Global Trader
• based on the above we also provide
  • a suggested asset allocation / portfolio
  • recommendations for financial products we believe are suited for you (or not!)
• commentary from our product experts
• details of who to contact to discuss your assessment and what Global Trader can do for you NOW!

We trust that you will find this report useful and we look forward to discussing it with you!

Regards

The Global Trader Team

Please Note:
Global Trader provides this report for your convenience. Global Trader gives no warranty, express or implied, as to the accuracy, reliability and completeness of any information, formulae or recommendations provided through the use of the What’s Stopping You Self Assessment and Report. Global Trader does not accept any liability for loss or damage of any nature, which may be attributed to the reliance on and use of our What’s Stopping You Self Assessment and Report.

Below is a breakdown of how you “scored” on questions related to specific investment products.

This is Global Trader’s view of your experience / preference to trust and make use of an online financial broker;

Your general online experience and level of trust: Suited -

 

	SUITED
	You see to trust the internet as a medium to conduct financial trading. It appears as though you have direct experience either with online trading and/or similar services.  We are confident that Global Trader's easy to use, secure, reliable trading platforms and our other online offerings will be suited to you

 

Your experience and comfort levels with online services relevant to investment management indicates that you are: Low experience and low levels of comfort -

 

	LOW EXPERIENCE, LOW LEVELS OF COMFORT
	You do not have much experience with online services which support online trading.  You are also not comfortable with trading online.  We would suggest that you begin to explore online services such as conducting research. As you begin to become more comfortable with the internet, you can begin to explore the vast resources that it has to offer

 

By analysing all questions relating to risk, it has been determined that you have a: Average/moderate tolerance for risk


This risk profile demands a medium level of liquidity in the trading portfolio coupled with allocations to specific sectors of the equity market and a measure of risk assumption in non-Rand related assets for diversification.

To make a successful trader it is important that you gain a deep understanding of your trader personality. Your degree of control, emotion and risk are three dimensions that blended together are most important in shaping your trading outcomes. Raising your awareness around these three dimensions will only help to unlock your full trader potential.

There is no Holy Grail when it comes to the “perfect trader personality profile” however research and experience has shown that traders who are most poorly suited to trading are those that are constantly seeking a high degree of risk and have a low degree of control coupled with a high degree of emotion. Such traders often take large gambles on impulse, and very often those impulses are driven by emotional frustrations. An example would be a trader who gets frustrated after a loss and doubles his position size on the next trade just to make the money back quickly.

Conversely experience highlights very few successful traders who constantly seek a very low degree of risk. The risk-averse trader, particularly who is high in emotion is motivated more by a fear of loss than a desire for gain. This makes it difficult to sustain meaningful position sizes during promising trades. Often such traders berate themselves for being self-defeating or sabotaging, but the reality is that they might be better suited for investing than trading.

If we were to identify the ideal trader personality profile for traders, then experience that such a trader would be risk-tolerant (moderate degree of risk), low in emotion, and high in control. Such traders are generally good at following trading rules (entries, exits, money management etc) and disciplined in their preparation. They don’t take losses personally, which gives them the perseverance to weather losing periods. When they see a good trade, they are comfortable trading in size, so that the average size of their wins exceeds that of their losses.

Ideal Global Trader Profile

Dimension	Result
Risk	Moderate
Emotion	Low
Control	High
Intuitively Cognitive Style	Short to medium term trading
Explicit Cognitive Style	Medium to long term trading

Your Global Trader Personality Results Table

Dimension (RECS)	Your Result
Risk	Moderate Risk	Low High
Emotion	High Emotion	Low High
Control	Low Control	Low High
Style	Low Explicit / High Intuition	Low High

Your Global Trader Personality Results Explained

RISK (R)

This personality trait measures a trader’s risk aversion. A risk-averse trader is someone who cannot tolerate high levels of risk; conversely a trader who can tolerate a high level of risk is someone who is not risk-averse.

Moderate Risk

• You are capable of tolerating a moderate level of risk in your trading at all times, and of initiating larger risk trades when you feel confident in the trade.  
• Conversely, you reduce levels of risk when feeling less confident.
• In general you are the type of trader that uses moderate stop levels with an appropriate level of money management discipline.
• Your preference is to trade over short to medium time frames, although you are capable of trading over longer periods of time.
• Position sizing is a key, often overlooked, variable when trading.   

 

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EMOTION (E)

This personality trait measures the degree to which a trader has a tendency to experience negative emotions. The trader with a high degree of emotion tends to experience more emotional interference in his or her trading.

High Emotion

• You have a tendency to experience big emotional swings when trading, and are therefore very likely to experience more emotional interference in your trading. 
• Wins can create overconfidence; losses can create fear and hesitation. 
• Traders who have a high degree of emotion are emotionally sensitive, and can often use this sensitivity to obtain a gut feel for market action. 
• You will find very active trading methods particularly challenging, as they don’t allow much time for you to regain your emotional equilibrium after incurring losses. This can lead to cascades of losses and significant draw downs of equity.

 

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CONTROL (C)

This personality trait measures the trader’s degree of self-control and perseverance. This will influence the traders trading style, structure and strategy through frequency, rule based approach and degree of research and analysis.

Low Control

• You will have difficulty following explicit rules and as a result often trade more discretionarily.
• Trying to trade in a highly structured manner will only frustrate you.
• You would do better with big picture trades (macro trends) that do not require detailed rules, research and analysis.
• Less frequent trading with wider risk parameters will come easier to you.

 

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Cognitive Style (S)

How traders process information (cognitive style) most effectively is a neglected variable in selecting proper time frames to trade. It is essential that one’s cognitive style match one’s trading methodology. Your survey results indicate that you have a

Low Explicit / High Intuition

• You rely on gut cues and subtle and non-verbal information. 
• This indicates that you are better suited to making shorter-term trades
• The shorter the time frames, moving from swinging to scalping, the more suited you are, as very short-term trading is more about pattern recognition which suites your cognitive style.

 

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Based on your chosen user type as a First time trader / Novice, there were some factors that you believed were inhibiting you from self investing and / or choosing Global Trader as your financial broker of choice. Below is a list of the “What’s Stopping You” factors relevant to you accompanied by some interesting insight from Global Trader that may change your perception of these inhibitors;


You also mentioned that;
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Based on your risk profile we would like to recommend the following investment portfolio:

The above asset allocation recommendation was based on your risk profile but in order for GT to recommend its own products to you we need to factor in your experience levels and basic knowledge. The following table reproduces your suggested asset allocation and for each asset the following is highlighted;

• GT Products - What product’s Global Trader offers to support this asset
• GT Platform - What are our platforms / software that you would use to access our applicable product
• Your experience - By analysing your What’s Stopping You Self Assessment do we believe you have sufficient experience to invest in this type of product / asset? Sufficient = Yes | Insufficient = No
• Your knowledge - By analysing your What’s Stopping You Self Assessment do we believe you have sufficient knowledge to invest in this type of product / asset? Sufficient = Yes | Insufficient = No
• Readiness recommendation - If you have both sufficient knowledge and experience in this product we would we suggest that you are ready to invest in it. Yes = You are Ready | No = Not ready right now

Click PLAY  to listen to a recording from Nilan Morar, Global Trader's expert on equities (one of your more favoured products).