Typing Teachings, Movements, and Communities: Traders

By "traders" I am referring to the community of stock market and currency traders. Just as in backpacking, there are many different approaches to trading. Some people espouse a very technical approach, analyzing the technical characteristics of each trend in great detail, while others maintain an intuitive approach (in the non-socionic sense). Some people trade alone, while others discuss every move with their colleagues. On the whole, however, the integral type of the trading community seems to be LIE.

: If there is a 'search' in trading, it is only for new information and approaches. However, this information is finite and potentially accessible to other traders, so when it is found, it is generally kept to oneself. Compared to backpacking -- a much more adventurous activity -- receives even less emphasis among traders. Traders don't "go" anywhere, really.

: Willpower and the desire to succeed and overcome obstacles is emphasized a lot more. The nature of trading means that many must fail in order for others to succeed. This fact injects a great deal of into the community. People share stories of their financial ups and downs and how they pulled themselves together and overcame losses. However, this is not the primary subject of discussion among the community of traders.

: Technical details are the main emphasis in the trading community. People try out different trading platforms, indicators, methods, algorithms, systems, etc. and talk about the pros and cons of each in great detail (while taking care not to give their "secrets" away -- contrast that with the LSE backpacking community). People discuss facts about companies, markets, news, events, economic growth and decline, etc. and talk about how this might effect their stocks or currencies. We can see already that is applied in the context of (what is happening and what will happen; how one event is connected to another) rather than (what is needed and how to satisfy needs).

: This aspect is just as repressed among traders as among backpackers. Trading is largely an individual pursuit, and success is experienced individually or in a small group, so there is no way group bonding or "fun" can occur.

: A great deal of foresight is required to trade, and traders encourage each other to try to envision what might happen and to be prepared for it and keep their calm when it does. Compared to backpacking, trading by definition involves a focus on the past and the future. "What do you think will happen?" is one of the most common questions among trading circles.

: Satisfying needs and taking proper care of yourself is deemphasized, as it seems to be almost irrelevant to success, which depends far more on the ability to guess right and see the future.

: Just as in backpacking, in trading there are many viewpoints, but no "doctrine." In fact, the very nature of trading breaks down any doctrine; as soon as too many different people start thinking the same things and acting the same, someone else can step in and steal all their profits. This fact preserves a plurality of "doctrines" and makes practice and correct vision much more important than how well one understands trading gurus' writings. Success in trading is measured in dollar signs, not the ability to elucidate one's views.

: Ethics and morals are largely irrelevant to a trader's work. Compared to backpacking, there may be less value placed on among traders, or perhaps it is paired with (emotionally supporting those you have material ties to) rather than with (being nice to everyone in the world) as in backpacking? Compared to backpacking, the competitive and speculative nature of trading means that people are often nastier to each other. At the same time, if someone has experienced failure, the trading community will give him moral support and encouragement (after all, most people fail, so learning to keep one's head up and try again is key), whereas the backpacking community would chastise the person for any dumb mistakes made.