STA Blog

Steven Goldstein – the Performer: Tells engrossing tales of traders, tendencies and traits

Describing himself as a coach and consultant who teaches on the STA’s Diploma course, veteran City trader Steven Goldstein (the punters’ IMG_0600magician) laid out his cards at yesterday’s STA monthly meeting.  Wowing members, one guest was overheard saying later that, as a psychologist, she had not realised just how far behavioural traits might influence financial decisions – a thought mirrored by many, I’m sure.

The key to his talk was the way in which one’s core risk personality impacts one’s trading decisions and style.  Admitting that his data set was as yet rather small – 80 guinea pigs of which 13 were discarded because they were novices – he explained the Risk Type Compass tool he has been using since 2014.  It has some similarities to the Briggs-Myers Type Indicator which is a questionnaire designed to make Jung’s ideas about psychological preferences combine into one of 16 different personality types.

Risk-CompassUsing the simile of a boat at anchor, he explained how the former represents the risk attitude variable which changes over time, while the latter, the risk type, is firmly ‘anchored’ and was the focus of this meeting.  An X-shaped diagram plots intense/emotional types top left, prudent/measured ones top right, carefree/daring ones bottom left and composed calm ones bottom right.  To these, cardinal points representing wary, deliberate, adventurous, and excitable are added at north, east, south, and west respectively.  People at the centre of the circle are a mish-mash of these types, and are often quite flexible; those on the outer edges display extreme traits.

Dividing up the traders into buy-side (proprietary traders) and sell-side (market makes), banks versus hedge funds and private investors, whose areas of expertise were foreign exchange, interest rates, equities, or commodities, men and women, he profiled and described individuals as dots in the circle of personality types; as marathon runners versus sprinters.  He suggests that the system is useful for recruitment, individual development, team building, career management/transition, and leadership development.

Do look out for the video.


Posted in Finance, STA news, Technical Analysis, Trading, Trending
Tags: , ,

The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.

Not ready to join? Stay Updated

If you want to learn more about membership and being part of the STA, sign up for our updates so we can keep in touch.


Monthly Meetings

The STA holds 11 monthly meetings in the City of London, including a summer and Christmas party where canapés and refreshments are served.


Latest Videos

As a service to our members, many of whom are unable to attend all our monthly meetings, we have been making videos of meeting presentations for several years.


STA Libraries

The STA has an extensive library of classic technical analysis texts. There are over 1000 books in the collection. It is held at the Barbican Library with a smaller...


Market Technician

Latest research and news

More Info

World Class Tutors

STA Course Lecturers

More Info


Be part of something special

More Info


View latest posts

More Info