Topic: Do you trade for money or emotional satisfaction? - page 3. (Read 2705 times)
Everyone doing trading more money which is the main reason and this is more convenient profession when comparing other jobs which might more efforts needed physically so most of the people chooses trading.I don't know what satisfaction we can get from trading the crypto currencies.
I trade to earn money not for emotional satisfaction. At first I do not like the crypto because I do not know something about it and i think that I will not earn and just waste my money, time and effort in doing the task here in crypto. But when I try it and give it a chance then I see how to earn and how much money I will earn then that is the time I do it. Now I am continuously doing the crypto and still earning with big profit and I saw that my time and effort is not wasted with this industry.
I invested in cryptocurrency just to make money. I have always believed that the market has good development prospects, but the current market situation is really bad, and the fraudsters have made the market confusing!
I trade to get money and will continue to trade to get big profits so that my heart is satisfied
All of us trade for money. We do spend a lot of time, we get stressed when the altcoins and Bitcoin are falling. We are always hoping for the better. And yes, when the returns are good, emotional satisfaction comes.
Everytime I do trading, it always put in my mind that the reason why I trade is to earn money and maybe the reason why I say that because I need money. Trading is very risky, anytime there's a chances for you to be lose and if you are not seriousing in trading, 60% you will lose and 40% not. So the people who do trading as a emotional satisfaction is the people who do not have a problem, those people who are riched so that its okay for them to lose. And that's only for my own.
I trade to get money on the other hand if I get money I definitely want to get a lot of money so I am satisfied, I trade to get money so I am satisfied. number one is satisfaction with lots of profit.
I only do trading for making money. In fact I have good experience in trading therefore I can expect that I will be too much successful in trading and hopefully I will make a good profit from it. Very honestly I am not here for emotional satisfaction, but my only aim is to make money from trading crypto currencies and specially from trading bitcoin. I trade crypto currency for money and emotional satisfaction. In my opinion, most crypto currency traders will respond in the same way, because for a trader these are the two most important goals.
I can agree with you, but one thing i can say people are not trading for emotional satisfaction, they are trading because they want to make money and this makes them find satisfaction on what they earned through trading. No one is ready to lose their money for trading, they are trading because they want to make money.
My main goal in trading is to earn money, because whatever we do in this world, the ultimate goal is to get money.
besides, I also like something new, for me to trade in crypto is a new thing I have never done, so I try to become a trader.
Not you brother, there are hundreds and thousands more that have intentions to earn money. These people are continuously adopting bitcoin and working over it since long time to earn money. Hundreds of successful stories are in market that motivates us to join this tremendous world. So big chances of profits and so huge earning hubs. Good luck to everyone. besides, I also like something new, for me to trade in crypto is a new thing I have never done, so I try to become a trader.
I trade crypto currency for money and emotional satisfaction. In my opinion, most crypto currency traders will respond in the same way, because for a trader these are the two most important goals.
I am trading only for money. With big market volatile i prefer to invest in ICO projects. I found Kelvin Blockchain and will invest in it!
Certainly, the reason for trading for me is getting additional money. Meanwhile, when the returns are high, I get an emotional satisfaction. That is why I can tell you that I am dealing with the crypto for fun and for changing the financial situation.
Yes you are right, people have different reasons why they want to earn cryptocurrency and for me i trade because i want to use cryptocurrency for living.
I am trading only for money. With big market volatile i prefer to invest in ICO projects. I found Kelvin Blockchain and will invest in it!
Certainly, the reason for trading for me is getting additional money. Meanwhile, when the returns are high, I get an emotional satisfaction. That is why I can tell you that I am dealing with the crypto for fun and for changing the financial situation.
I am trading only for money. With big market volatile i prefer to invest in ICO projects. I found Kelvin Blockchain and will invest in it!
Certainly, the reason for trading for me is getting additional money. Meanwhile, when the returns are high, I get an emotional satisfaction. That is why I can tell you that I am dealing with the crypto for fun and for changing the financial situation.
DO YOU WANT TO BE ENTERTAINED OR RICH?…IT’S YOUR CHOICE
I came across this excellent chart the other day. It shows those times in history when the S&P 500 doubled over a ten year period and the trajectory that this doubling took.
Please see here for a relevant chart: https://www.tradinggame.com.au/want-entertained-rich-choice/
Much commentary that followed on twitter related to the steady low volatility climb that characterised the latest run and how boring this was. One of the interesting thing about markets and money in general is that people betray their true desires and personality.
Markets are the true window into the soul and in this instance what traders were actually saying is that they wanted to be entertained and not rich. The constant current moaning about the lack of volatility is little more than the plaintiff cries of children who bedevil their parents every school holidays with cries of …I’m bored.
This lay observation tallies with what others have found. The seminal work in this field of trader immaturity is An Analysis of the Profiles and Motivations of Habitual Commodity Speculators by W.B. Canoles, S.R. Thompson, S.H. Irwin, and V.G. France. I have summarised their findings below and have added my own emphasis.
“The typical trader assumes a good deal of risk in most phases of his life. He is both an aggressive investor and an active gambler.
[He] does not consider preservation of capital to be a very high trading priority.
As a result, he rarely uses stop loss orders. He wins more frequently than he loses (over 51% of the time) but is an overall net loser in dollar terms. In spite of recurring trading losses, he has never made any substantial change in his basic trading style.
To this trader, whether he won or lost on a particular trade is more important than the size of the win or loss. Thus he consistently cuts his profits short while letting his losses run.
He also worries more about missing a move in the market by being on the sidelines than about losing by being on the wrong side of a market move; i.e., being in the action is more important than the financial consequences.
Participating brokers confirmed that for the majority of the speculators studied, the primary motivation for continuous trading is the recreational utility derived largely from having a market position.
Numerous indications in our survey indicate that they are not trading solely or even primarily for profit, but may be maximizing excitement or the number of winning trades.”
So we come back to the original question. Do you want to rich or be entertained as the choice is entirely yours.
Author: Chris Tate
Article reproduced with kind permission of Tradinggame.com.au.
The article is concluded by the quotes below:
“It's in your best interest to focus on building your trading skills rather than on achieving a huge profit every month.” – Joe Ross
“No matter how good you may think you are, nobody is bigger than the market and it will beat you to your knees if you don't treat it with the respect it deserves.” - Adrian Alberts
“Trading does not have to be very difficult — what can be difficult is finding the right path early on and properly understanding the major impact of your mental state on your trading results” - Gabriel Grammatidis
www.tallinex.com wants you to be a successful trader
Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html
I came across this excellent chart the other day. It shows those times in history when the S&P 500 doubled over a ten year period and the trajectory that this doubling took.
Please see here for a relevant chart: https://www.tradinggame.com.au/want-entertained-rich-choice/
Much commentary that followed on twitter related to the steady low volatility climb that characterised the latest run and how boring this was. One of the interesting thing about markets and money in general is that people betray their true desires and personality.
Markets are the true window into the soul and in this instance what traders were actually saying is that they wanted to be entertained and not rich. The constant current moaning about the lack of volatility is little more than the plaintiff cries of children who bedevil their parents every school holidays with cries of …I’m bored.
This lay observation tallies with what others have found. The seminal work in this field of trader immaturity is An Analysis of the Profiles and Motivations of Habitual Commodity Speculators by W.B. Canoles, S.R. Thompson, S.H. Irwin, and V.G. France. I have summarised their findings below and have added my own emphasis.
“The typical trader assumes a good deal of risk in most phases of his life. He is both an aggressive investor and an active gambler.
[He] does not consider preservation of capital to be a very high trading priority.
As a result, he rarely uses stop loss orders. He wins more frequently than he loses (over 51% of the time) but is an overall net loser in dollar terms. In spite of recurring trading losses, he has never made any substantial change in his basic trading style.
To this trader, whether he won or lost on a particular trade is more important than the size of the win or loss. Thus he consistently cuts his profits short while letting his losses run.
He also worries more about missing a move in the market by being on the sidelines than about losing by being on the wrong side of a market move; i.e., being in the action is more important than the financial consequences.
Participating brokers confirmed that for the majority of the speculators studied, the primary motivation for continuous trading is the recreational utility derived largely from having a market position.
Numerous indications in our survey indicate that they are not trading solely or even primarily for profit, but may be maximizing excitement or the number of winning trades.”
So we come back to the original question. Do you want to rich or be entertained as the choice is entirely yours.
Author: Chris Tate
Article reproduced with kind permission of Tradinggame.com.au.
The article is concluded by the quotes below:
“It's in your best interest to focus on building your trading skills rather than on achieving a huge profit every month.” – Joe Ross
“No matter how good you may think you are, nobody is bigger than the market and it will beat you to your knees if you don't treat it with the respect it deserves.” - Adrian Alberts
“Trading does not have to be very difficult — what can be difficult is finding the right path early on and properly understanding the major impact of your mental state on your trading results” - Gabriel Grammatidis
www.tallinex.com wants you to be a successful trader
Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html
I trade for both of course but the main reason is of course money trade for money because money can affect tour emotions because whenever I gain a lot of money in trading i get emotionally happy in that I am satisfied in that because money is everything in thia world full of prices. So if you come to think of it they are really both interconnected to each other.
honestly at the moment I am trading to earn money, maybe there will be very few people who trade as their emotional satisfaction, and only people who have more funds and those who from childhood aspire to be a trader, so that in adulthood he trades only to satisfy their emotions .
I would say that emotional satisfaction comes after the financial satisfaction and one can only trade for emotional satisfaction after achieving a certain financial status which then leads him or her into altruism and charity works. This leads to emotional satisfaction and it is not the mater of age for we have so many examples around the world who are not even adults and have been giving away great wealth for rehabilitation of people.
Why do you ask for emotional satisfaction? It is very rare to get someone who trades for emotional satisfaction. Money is the main fact of doing the trade. Can you find any people who need not money? Only money can make you a worker or trader. Money is last and first many times in our life. So I can’t believe that one can trade for emotional satisfaction.
I must admit, while it is tempting to pretend you trading for fun, i do not see any such thing as trading for fun. even in events when you are given bonus cash to trade with, the intent to make money surpass the intend to have fun while you you trading. My goal in trading is to make money.. and on luck days,if i make enough cash,i bet you could draw smiles on my pretty face... you can only image my emotion anytime i loss money during trading. its never equivalent to emotional satisfaction.
I am not too sure there is any individual who trade with the sole intent of satisfying his emotions without considering gaining money or losing money. This is what i think, i think the outcome an individuals trades determines emotional state. an individual can therefore become sad or happy depending on the out of a trade. And since trading outcomes are not certain, emotional satisfaction is way out of the picture. Personally, i would not spend my money trading for hobby.. because i do not have enough to spend myself, not to talk about trading it for emotional satisfaction.
honestly at the moment I am trading to earn money, maybe there will be very few people who trade as their emotional satisfaction, and only people who have more funds and those who from childhood aspire to be a trader, so that in adulthood he trades only to satisfy their emotions .
I trade to get money and will continue to trade to get big profits so that my heart is satisfied
I trade to get money on the other hand if I get money I definitely want to get a lot of money so I am satisfied, I trade to get money so I am satisfied. number one is satisfaction with lots of profit.
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