Topic: What motivates you as a trader? (Read 1615 times)

Yes, I would also say that it is natural for a beginner to make such a mistake because after all they still do not have much knowledge about which is more appropriate to choose and which should be avoided because it is too risky, sometimes professional traders always avoid altcoins and prefer to allocate a large amount of their money to the spot market because even though they have to wait a long time to get a significant amount of profit, it is also comparable to the risk which is not too big.

But in the end, of course, it will be a valuable lesson for beginners to know over time what to choose and what to avoid, experience will always be the best teacher, but it also depends on how serious they are in dedicating themselves to learning.

I think newbie investors should spend more time on market analysis in the beginning and also develop some accumulation habit. He should show tendency to deposit regularly by checking reliable and market cap.

Having fear sometimes will help you and it will not help you as a trader all you need to do is to have a maximum limit that no matter what you will not want to cross, and that is exactly how you are supposed to be doing your things because when you dont have control and a plan on how you want your trading to look like no goal you just trading am sorry to say at the end of the day you will just get disappointed at what you will meet you will not amount to anything because every trader has a benchmark they want to meet. and these are things that will keep you running. when you have everything checked in place then you won't bother about most of these things and you will even learn to lessen your greed except if you want to risk your money.

working on the knowledge and knowing exactly the things you need will help you gear up your experience, and you will always want to play it safe at the same time this is why knowing is very important but no we don't want to give value to learning and if you can read then get a tutor it is not a crime.

It is natural for traders to make that kind of mistake at the beginning of their trading careers, since in their desire to multiply their profits they take their chances with altcoins thinking this is the way to multiply their profits, however most of the time what they will get instead are an increase on their losses, since it is very difficult for any newbie trader to keep track of so many markets while making no mistake at the same time.

It will bring decent profits when the timing is right, a common statement from those traders who loves riding with the hypes, but along the way when you already suffering with loses, you'll jsut end up changing your strategy and start doing your DYOR, it's impotant to know what indicators that you'll be using for you to select right assets to invest your money.

More on how you take time studying the market movement to understand more about this venue of investment.

I still remember when I used to trade cheap coins before, thinking that I could earn more when they hyped up. I thought buying in bulk would lead to huge profits, but it turned out to be just wishful thinking. Instead, I ended up losing money because only a few people wanted to buy them. So, I changed my style and focused on coins that aren’t just riding the hype train but are actively traded in the market. High trading volume is a solid indicator that a lot of people are using them, and that gives us a better shot at making a profit—especially if we know how to play the market right!

I agree with you, making money from trading is certainly the main motivation for everyone who trades, but to get profitable results of course we must be able to do it well and correctly because it is impossible to make money without understanding well about trading, when experiencing failure of course everyone will think about not doing it again but when they remember having felt the benefits of course will correct the mistakes made and will return to trading.

It is true, we will be able to generate additional income from trading when we have been able to do it well and stopping when experiencing failure is certainly not the right choice it would be better if we continue to learn trading and correct those mistakes and also have to be very careful when trying it again and also I agree with you not to depend on anyone but we have to make our own decisions on the trades we make.

Beginners who prefer to choose meme coins to trade on the exchange rather than safer big coins sometimes also have obstacles through the capital they have. Because the price of safer big coins is clearly very different from meme coins, this has made beginners prefer coins that are cheap rather than more expensive ones. In fact, such a strategy will not always be effective for beginners who have just started trading, because apart from still needing time to learn to get used to choosing the best, they also still need to know which coins are better for them to trade in the long term.

Yes and if it is not possible to trade directly in real we can first trade using a demo account. From there we can learn about everything in trading, including indicators that we can use as a tool to help us do technical analysis. Actually there are many things we can do, it just depends on us whether we want to do it or not.
It all comes back to ourselves, a great desire to continue learning must be instilled in us, if we succeed in instilling it then I am sure we will continue to develop all the time. For me it is impossible for someone who wants to learn to never get something good, even though it takes a long time, but with patience we will be at that point.

If people says other things without putting money first, I wouldn't say they aren't saying the truth but they are not completely been honest about what motivate them. As for me, money first and that is what makes me come back again and again even the days it doesn't favour me or made loss. No trader will be happy without making money on trading, it's the money that gives us hope and another chance of coming back, some days that you don't make money, if you remember the other days you made, you wouldn't want to give up.

Another thing that motivate me apart from money is that I improved financial from trading, I don't have the millions like other people does in trading but every day that I try, it's always better than yesterday and I'm sure tomorrow is going to be better than tomorrow, so for those people that are having it hard right now, don't give up because you never even know your potential if you quit so soon. Trading is the only thing you don't have to depend on anyone.

If we manage to control both our fears and greed, the chance that we will be able to create good strategy that may allow us to compensate from this venue of investment.

We just need to continue working out with our knowledge and skills, adoptions and adjustments that we should do in each trading position that we take in order for us to keep moving forward and to try things that may help to improve our opportunities, it's not an easy task but still doable if we keep our focus.

You are right, there is no guarantee that we will be able to make a profit, but when we continue to learn, it will open up opportunities for us to make a profit, although not completely, but the opportunity is more open. Nothing is easy here, everything has its own risks and it will be a fear if you can't control it.
Not only fear, but greed will also arise when we make a profit and that greed will encourage us to want to make even greater profits. We must be able to control this very well, because if not, it will make us lose control of ourselves and will make us irresponsible for the trades we make. Maybe we will miss important things that we shouldn't miss.

Well when I first started trading as a student I had a smaller vision about trading
I just wanted to be financially independent and not rely on my parents for money I also wanted to be able to spend on my parents once in a while when I need too
But over the years I have had a change in perspective as I now trade to be rich of course 😅😅
But I do not intend to trade for long just until I can set up a good business

You cant blame out those people on which even ourselves having that particular time on which the things that comes up into our mind is on how to make ourselves rich and thats why we do came up into the idea
that we should invest into those meme coins or to those low caps without even trying out to realize or think about into the risks involved with it. This is why its really that important that on the moment that you do deal up with trading then always be best that stick into those established old coins in the market on which you could somewhat assure that they are really that worth holding for long term and not really just that dealing on with those scam coins or meme coins. Cant really be denied that what makes people interested on dealing with meme coins is into its potential profit that you couldn't be able to earn or obtain when dealing up with those known coins that we do have in the market. Due to greed and that lack of patience on which wanting to get rich in a fast manner then this is where people do become desperate and comes up into these kind of options or ideas. My motivation as a trader then i do really wish that one day i would really be able to quit up by dayjob on which i do able to make a living with my trading profits. Yes, it cant be possible to be profitable all the time on which loses would be part of it but one thing that i do try to reach out is on how to be sustainable. How good to be on a condition on which your trading skills could really be able to make you survive on your day to day living on which for sure most traders are really that aiming on the same thing on which becomes professional and that sustainable.

Of course, sometimes experienced traders will still experience losses, which can be said that the risk in trading applies to anyone, but the difference is that when someone is experienced, they will not experience too much loss compared to beginners who still have little knowledge. And this is why a trader is always advised to continue learning new things, because when your knowledge is greater, the amount of loss can also be minimized.

Another point is to never make a decision when you haven't found the right moment with the strategy you have, because usually that's the mistake I make in the sense that I sometimes force the situation to enter and execute the market even though it is the wrong time to execute, and also the point is to remain firm in your stance and always be disciplined with planning, try to make all the decisions you make based on rational reasons and considerations.

This may actually vary from person to person. Now what a trader will be motivated by is actually a product of his own personal thoughts. Now if a lower middle class or poor person who learns trading only with the hope of financial gain and invests in it his objective will be how to profit from it and improve himself overall. On the other hand, if it is seen that a person already has a lot of wealth and wants to expand his business, then his thinking here will also be different because here he will learn and think about how to improve his business. This matter is actually a bit complicated. But at the end of the day everyone's objective is nothing but how to make a profit. However, those who are already traders will have the idea to invest and hold for a long time.  They will hunt big fish through this.  But it will not be the same for everyone.

Usually people falls from quick rich schemes and invest on those tokens which is fast moving like scam meme coins. They think that they will be so rich once the token they bought pump the same as what the dev promise to them. That's why those expectation they set from wrong token choices lead to a massive loss to them. This is how knowledge on how to deal everything related to trading is important since with this they would able to know how to lower down their expectations on some coins then could able to figure out what are the best to trade and which of those are good to avoid.

When dealing on risky market movement our decision making is really important, that's why before dealing or picking coins to trade we should know their latest tracks if there's good scope that we need to look forward so we have some hint that those coins or tokens would have good a chance to pump.

There's no assurance in terms of acquiring profits there's still risk and up and down that you may experienced but the sole motivations is when you decently earn both money and experienced, it's more on how you deal with knowledge and how you execute the potential outcomes, there are potential to earn once you already overcome greed and fear that keeps on holding you down to make mistake, your call and your decision making is very important to make that success.

People who have suffered in trading call the trading strategy a scam but they should have had more confidence in themselves such as gaining more experience and entering the market consistently. Some inexperienced trader enters the market by making lump sum investments in which he is eager to get profit in short time interval but he should enter the market continuously and prepare a holding so that he can later apply any investment method of his choice. Trading is very motivating for those who can pick the right currency and buy multiple price combinations to build a holding.

According to me an investor can achieve success in investing if he can invest his capital at right time and in right currency also should know about right trading strategy before doing short term trading.

Do you really feel free? When I was a freelance white hat hacker, I hated it because I couldn't make it a source of stable income and the stress I experienced from the process eventually made me quit. Maybe if you love it then you feel truly free, but apparently it was not my case.