The Leader

ENFJ

Overview

Leaders are natural-born leaders, full of passion and charisma. Forming around two percent of the population, they are oftentimes our politicians, our coaches and our teachers, reaching out and inspiring others to achieve and to do good in the world. With a natural confidence that begets influence, Leaders take a great deal of pride and joy in guiding others to work together to improve themselves and their community.

ENFJ: The Leader

Energy:

Extrovert

Decisions:

Intuitive

Attention:

Feeling

Lifestyle:

Judging

Strengths

Weaknesses Strengths Weaknesses Strengths Weaknesses Strengths

Weaknesses

Energetic Excitable Seeks Patterns Uses hunches or gut feelings Market Psychology Feelings enter trades Decisive Non-flexible
Trades well in a group Not good on own Likes Charts and Indicators Looks for things that support a bias In tune with Markets Emotional Trading Self-starters Doesn’t take advice
Not afraid to act Takes too much advice Looks for relationships Big Picture Ignores data/facts Takes action quickly Slow to learn new things/ concepts
Think on their feet Overtrades Top-Down Approach Understands “why” Eternal Optimism Trades the plan

 

Trading Strengths

  • Tolerant – Leaders are true team players, and they recognize that that means listening to other peoples’ opinions, even when they contradict their own. They admit they don’t have all the answers, and are often receptive to dissent, so long as it remains constructive.  This quality makes the Leader very coachable when learning to trade and in trading live capital.  Leaders benefit most when the critique discusses what went well in a trade as well as what actions could use room for improvement.

 

  • Reliable – The one thing that galls Leaders the most is the idea of letting down a person or cause they believe in. If it’s possible, Leaders can always be counted on to see it through.  This reliability coupled with their tolerance allows Leader traders to power through both the big picture and detailed work required in a comprehensive trading plan.  This aspect of their personality makes them capable of trading friends and family capital and also that they will stay within defined risk parameters while doing so.

 

  • Altruistic – Uniting these qualities is Leaders’ unyielding desire to do good in and for their communities, be it in their own home or the global stage. Warm and selfless, Leaders genuinely believe that if they can just bring people together, they can do a world of good.  This altruism means that Leader traders tend to trade well in groups.

 

  • Natural Leaders – More than seeking authority themselves, Leaders often end up in leadership roles at the request of others, cheered on by the many admirers of their strong personality and positive vision.  In trading, Leaders have the ability to see the big picture of the broad markets, can think on their feet, and are not afraid to act.  They plan the trade and trade the plan.

Trading Weaknesses

  • Overly Idealistic – People with the Leader personality type can be caught off guard as they find that, through circumstance or nature, or simple misunderstanding, people fight against them and defy the principles they’ve adopted, however well-intentioned they may be. They are more likely to feel pity for this opposition than anger, and can earn a reputation of naïveté.  In trading, this idealism and optimism can keep the Leader in losing trades longer than is healthy for a portfolio.

 

  • Too Selfless – Leaders can bury themselves in their hopeful promises, feeling others’ problems as their own and striving hard to meet their word. If they aren’t careful, they can spread themselves too thin, and be left unable to help anyone.  In trading, as natural leaders, Leaders are often the go-to people for new traders or traders experiencing a rough patch.  The Leader’s desire to help people sometimes means that their own portfolios suffer from lack of attention.

 

  • Too Sensitive – While receptive to criticism, seeing it as a tool for leading a better team, it’s easy for Leaders to take it a little too much to heart. Their sensitivity to others means that Leaders sometimes feel problems that aren’t their own and try to fix things they can’t fix, worrying if they are doing enough.  In trading, this sensitivity can lead to ignoring data and facts and allowing emotions and feelings to enter trades.

 

  • Fluctuating Self-Esteem – Leaders define their self-esteem by whether they are able to live up to their ideals, and sometimes ask for criticism more out of insecurity than out of confidence, always wondering what they could do better. If they fail to meet a goal or to help someone they said they’d help, their self-confidence will undoubtedly plummet.  Related to their sensitivity, traders with a Leader personality can tend to link their trading performance to their self-esteem and vice versa.  When they have a series of good trades, their self-esteem soars and they run the risk of overconfidence.  During a series of losing trades, their self-esteem can crash, creating a reinforcing cycle of poor trading decisions resulting in more losing trades.

 

  • Struggle to Make Tough Decisions – If caught between a rock and a hard place, Leaders can be stricken with paralysis, imagining all the consequences of their actions, especially if those consequences are humanitarian.  In trading, this struggle presents itself more in trade exits than in trade entries.  In times of upheaval and stress, Leaders will vacillate between the knowledge that it is best to cut losing positions early and their visceral desire to not let people down by taking a loss.  In these cases, hope becomes a risk management tool rather than the trading plan itself.

Conclusion

Leaders trade best in a group environment with structured coaching.  They are willing to put in the work required to develop a comprehensive trading plan.  In following that plan, they are able to see the big picture of the broad markets, decide on a course of action, and execute that action with minimal delay.  Leaders, given their proclivity to become involved in politics, tend to do best with coaches and mentors acting in the role of elder statesman, relaying experience in similar situations, largely encouraging, and directive when necessary.

Because of their tendency to have fluctuating self-esteem, Leaders need to be cognizant of how they’re feeling before they enter a series of trades.  In times of stress, their feelings and emotions can enter their trade decisions.  Leaders can be spot on in their trading when they’re feeling good, sometimes to the point of overconfidence, but they should avoid trading when they’re in a bad mood or going through personal difficulties.

Leaders are genuine, caring people who talk the talk and walk the walk. Nothing makes them happier than motivating other people to do what’s right.

Maverick Trading is a proprietary trading firm that hires traders to trade our capital and we share the profits.
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