Finding your trading identity early is important as a trader. The type of trader you are determines the strategies that apply to you, when you trade, and even the securities themselves. Misapplying the wrong strategy to a situation that it doesn't fit can lead to disastrous drawdowns and frustration as a trader. That said, there's nothing saying you can't be a multifaceted trader or that you can't change over time. Starting out, there's nothing wrong with only embracing one style of trade to start with until you understand it completely. As mentioned above, trading strategies and systems are also important for traders to have. Systems help provide guiderails for finding trades and staying within your risk tolerance when you go on a big winning (or losing) streak. Strategies are as varied as traders themselves, but there are a few common ones such as writing covered calls to generate cashflow over time. In this episode, Jim Francis joins Tim and Matt to talk about his journey to find what kind of trader he was from Jim's early days and a costly error to the class that completely changed how he traded. The trio also covers the importance of trading systems that match the trader and the benefits of having a variety of systems and strategies to fit the situation. If you'd like to follow Jim Francis yourself, you can find him at: jimfrancisblog.com creditspreadsystem.com