Topic: What motivates you as a trader? - page 3. (Read 1344 times)

Greed is not always that easy to stop, sometimes you do not realize that it's greed and that's why you do it. I understand that it may not be that great, but it can be done and I think that's the whole point. I believe that we are going to see a potential profit somewhere and we will try to take it but it is not going to matter that easily. This is why we should consider maybe putting up something like this and could make some profit from it as well.

However, it ends up being a loss because we do not realize that we were too greedy and went too overboard with what we should be doing, which causes us to lose a lot more than what we should be earning.

I believe that it will get to a point where we will be doing fine, without any of these issues, we just need time to fix out mentality about it. Greed when it's done a lot is a bad thing, but greed when it's done in a sensible way is not that bad and could be a great thing to do, I believe that we can make that better. We should consider this as a good thing, we can't really assume that it will be that great or terrible, it won't be that simple and we should be considering this as something that will take a while and can't really be done easily.

Yes you said something right about the impact when we are unable to ignore the greed that arises in the mind, simply the point is greed will make someone lose something they should have gotten before, so never try to exceed everything when it has become your portion.
I understand that we never know about the right portion size, but by having a plan and being realistic I think you should have a plan about when is the best time for you to stop and secure profits.
Actually on the other hand it is okay to apply greed as long as we are able to accept the fact of regret, but in most cases the majority of them always find it difficult to really be open-minded, so it is better to be grateful for any amount of profit as a form of appreciation for the efforts we have made in analyzing the market.

so you decided to trade because of the difficult situation you and your family are experiencing? how do you put yourself at greater risk when you are under pressure and you choose to trade crypto?
I'm sure the process is not easy and also not short until you say you get quite a lot of results.
so you are an online worker? you can do everything by always being close to your family. I just hope you have good financial management for your trading. don't let your other businesses become donors from the trading you do. the trading you do must generate its own profit.

Exactly, greed also can make you not to accept the initial profit that you must have already earned. Greed can make the trader to overstay in a position that they are supposed to have exited and take profit first profit but because they are expecting a huge profit, they will not exit the trade until they lose the first profit. Greed can make the trade to use a big lot size or a leverage size.

If we talk about initial motivation then my answer is that because of the force of the situation and conditions I was only able to take this path. But the impetus for all of this begins with a need that must be met. Meanwhile, we don't have enough capital to do business in the real world. So at that time I preferred to start with high-risk trading such as crypto. I initially had difficulty but continued to study carefully. I started to get quite a lot of results. And made me decide to become a trader to this day. And the current motivation may be because it feels quite easy to make money through trading. Although the risk of losing is also quite easy. But as long as we have good risk management, we can avoid big losses. And in the end my biggest motivation is family. I have always been with my family every day so I am not used to being away from my family. So I am always looking for work that I can do while still being with my family and becoming a crypto trader is one of the choices I make. Even though I actually also have a business and other work online which of course I still work from home.

Most of the time, greed really push you to change the direction of your plans, there are position which you already reached your target but instead of stopping you choose to keep trying to earn more, and in time that the direction of the market turns against you, that's the time that you really regret why you choose to stay instead of quitting and withdraw the money that you supposed to earn.

You are right mate, I believe the reason why some people prefer copy trading or bot predictions is because they can not make good trading decision without being caught up by their own emotions which can lure them into making a wrong decision that can  cause losses. While trading, some trader might have obtained a good amount of profit but because of greed, they would decide to stay longer on the trade and while doing so, they can experience a huge lose. Such lose is cause by greed.

Learn to control greed so that involvement in trading can be more responsible and most importantly trading is done using the right knowledge.
When involved in trading, one must understand very well that trading will not provide consistent profits because there are times when we will experience losses.
But what needs to be considered is how when we experience losses we can return profits in the next trade and so trading is run by experienced people.

Greed will always produce bad values because sometimes people have difficulty getting out of trading even though they have made a profit.
Greed will only accelerate someone getting a loss wherever and without exception when someone is involved in trading.

We need not to lie if the real motivation is about making profits. But before getting there, too much exposure of losses is about to be experienced by most of us. And that kind of motivation to face those challenges is there. You don't have to give up if you think that you have the potential to become a good trader because if not, you should transition into a holder and there's nothing wrong about that. It's way easier and the motivation has been the same, all you have to do is to buy more and that's the same as trading but you're more relaxed in doing it.

Being greedy is the biggest enemy when trading. You lost your focus and you end up making impulsive decisions that will certainly lead to losses in trading. And because of greed, it will ruin your target goal in trading, that's why as much as possible, avoid being greedy at all cost. Although there's always greed deep within, but at least learn to control or lessen it. That way, our motivation to make potential profits with trading will certainly be reachable for us.

If you are ready to take risks, the trading will work for you and you will be ahead of the curve. At the same time systematic corrections. Focus primarily on modest portfolios or holdings that are built up through regular buy. Trading skills should be developed mainly from the holding stage as holding is important to ensure the correctness and fairness of your capital. The alternative to holding is simply HOLD to monitor market movements and prepare yourself accordingly as an experienced trader.

It is undeniable that that is indeed our goal, which is to get some money from what we do. I don't think we should be hypocritical by saying no, because there is no other reasonable reason other than that. Everyone is competing and trying hard to find money, and when they see something that has the potential to bring it, then we will do it.
I agree with Op that basically we are greedy people, but what makes the difference is how we control that greed. People's abilities vary in controlling it, some can completely, some only half and even some people can't, it all comes back to each of us. However, we need to remember that greed will bring us into a bad situation or can even bring us to a slump.

Yup, I see your point whatever the venue was most people who take the risk are all after the potential amount that they'll be able to gain, most of those traders find different ways and plans different strategies to earn money from this investment, it motivates traders and investors to learn more as they know that with proper understanding and a good knowledge and skills may provide decent amount of benefits, more on that money involves that potentially be taken if you manage to learn the principle and the factors that affects market movements.

Basing up on the link given then it do really shows up that it do really pertains about Futures trading on which this is something which isnt really that recommended specially for noob. This is why its not really that recommended that you would really be that directly be touching up this space on which we know that when it comes to this aspect then its not something that all traders will really be able to get a hold of.
Of course you would really be needing up to start up first with spot trade and make yourself sustainable before you would be considering on making up such step on going with futures.
We are all here on dealing up with this volatile market is just because of the profit that we could possibly be able to generate and this is something on which you would really be targeting into.


It would really be a total lie that you would be saying that you arent that interested on making profits or the main reason on why you do trade. Making money is our main
priority and this is the main reason on why we are here and taking up such risks even on how volatile and unpredictable it would be. Its hard but its not something that impossible
for someone to be able to handle it out but of course it will really be that all depending on how well you do make those move and decisions as a trader on which we know that there would really be tons of factors
or things that could affect out our decisions. This is why its really that important that you are really sensible on the actions that you are taking because outcomes and results
will really be determining on how good you are on handling yourself towards this market and of course with a little bit mix of luck.

All of those that you've mentioned are what we're having. The flexibility of earning through trading, the success that we're getting for every winning trades that we have. But even it sounds too easy and that's the reason why many newbies are getting hooked with trading and that's because they think it's easy but it is not.

I think that all of us are motivated with money, none other than that. We can tell that indirectly and tell other reasons like it's challenging, it's making you feel happy when you win those trades but it all resorts to earning money. But I don't trade daily anymore, I only trade when I think that I'm having a good entry and selling positions and that's most likely happening just like today when the market is down and for sure the next days, it will be better, better in profit taking. 

I know a couple of people who pick interest in this event once they hear about it. It's normal we all love to make profit. Here's the link
https://www.bitget.site/support/articles/4407839277593-Bitget-Futures:-Futures-Trading-Bonus
Do further research to asserten that it meets what you're looking for.

You've spoken well. I've also gone through these comments here and all I can say is majority of forum members here loves profits ahaha. Not the thrill of the setups it's purely profits..I guess they'll love this opportunity you just shared. Pls send the link to this. I hold BWB/BGB myself and this can be an opportunity to double up my pf with it..

A newbie can't depend on trading as their only source of income from the beginning, they can do that later but still not an advice that we should follow because trading isn't a stable income. Having a reliable incomes makes it easier to adopt to trading until you can be getting something from it. When you start, you won't make any profits and if you do, don't think that you're now good at trading because you're getting beginners luck that doesn't stay for long.

Money is a good motivating factor but it shouldn't be the only reason why you're trading. You should have other reasons so it can help you when you're feeling like giving up because you're not making money yet from trading.

My motivation is always talking about being a professional trader so that i could be able to sustain my needs or simply having that financial freedom, not on the sense that you could have that tons of money but
rather having that condition or situation that i could quit up my 8-5 job on which on the moment that i could really be able to make out some profits even though not all the time but still it is really ending up profitable.
I do really like to quit up my dayjob and would really be loving on doing all time trading here in my own house on which i would really be that much preferring on having this kind of life and this is why im really that pursuing
that i could be able to hit up this kind of condition on which we know that it wont really be simple but somehow its not really that impossible. It would really be just that taking up a lot of time and effort
before you could be able to hit up this kind of condition. Just make it sure that you will really be trying out to sustain all the possible situations or conditions that you do might be able to face on. We do know that
when it comes into this aspect not all people would really be that having that kind of self control and dedication on pursuing out their goals just because they had experienced out those certain conditions specially
losing which would weaken up their perseverance on continuing. It would really be just that depending on a certain individual on this case yet not all would really be having this kind of approach on things.

Money is actually a motivation and we know that it will be difficult when you start and you are not getting anything in return it is usually like that, and that is the period when you will be able to actually know the kind if you are interested or not because the moment you start you wont make any money and even if you make it wont be that much since you are just starting and am sure your coach is going to put you under control you that when you are leveraging you know the kind of percentage you are using, and with your consistency will determine the kind of profit you will make continuously. when i started learning trading at some point I wanted to give but if I look at the people that are putting me through and their story I just feel more encouraged to want to do more, it is just as if their story is my motivation, what if you don't make money from the trading instantly are you telling me that you are going to give up, no if you really want to go far then you will have to just motivate your self with something before you start making money.