What motivates you as a trader? - page 5.

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Quote from: Iamcrypticguy on August 31, 2024, 09:39:21 AM

Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

Is it the thrill of seeing your setup come to fruition, the money and flexibility that successful trades offer, or perhaps the partnerships and extra rewarding events that successful traders get to participate in?

What's your motivation?

There is know anything that motivated a traders apart from money, especially when a beginner introduces his self into traders and it has been successful once it will be having a high motivation, because without money they is know way a trade can be done successfully since is the profits that is getting in every times he trades and have earned huge amounts of money is the one that giving him moral to continue with trade.

But if someone is into trading and it doesn’t win even once it will not have much encourage for trading again just because of the much money that is always lose when he come to trade; and that’s is good to have much knowledge about the trade before star , because what is normally motivating some people in to trade is that when they see their friends are achieving goals in trading they will be thinking is something easy: they don’t know that is also deserved a lot of knowledge.

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Quote from: Rockstarguy on September 04, 2024, 09:27:31 AM

Quote from: Hamza2424 on August 31, 2024, 11:53:03 AM

Haha.. Money bro obviously.

A trader analyzes the market, invests money, and expects good returns in the end after putting in all efforts, managing risk, and controlling stress levels. So in my view, money is the motivation. Just don't fall into greed everything is great here. if you want to know the power of this motivation just show some screenshots of profits on your social media profile and those who don't even know the ABC of the crypto market are gonna PM you and ask about how to trade, can you guide me and if you are having good followers you can even create a new TG group for sharing your signals and in rewards you can change them as membership cost and 70% of them are gonna really pay.

You have said it all, money is the motivation for trading. Money being involved in trading will make trader to do everything to make success in trading. If not for the profit I don't think anyone would choose to take trading serious. To learn and to be discipline seems very difficult for some people but when it comes to trading they have no choice than to exhibit some characters that will help to bring profit in trading. I don't think anything else can be motivation in trading if not money because money is just the essence for trading which every trader wants to make profit and this will give traders the mindset just to do things right.

Yes, all of that is true and you have also said everything simply and easily to understand about the reasons why people are willing to dedicate or sacrifice most of their time to learn various things related to trading where all of that clearly has an intention and purpose and that is money.
As you have said that there is no other reason than because of the goal of getting money while traders will only be able to achieve their goals when they are willing to learn all the things that have the potential to increase profit opportunities.
And that is very natural or what I mean is that that is what you have to do when you really want to make consistent profits in trading, because this is not a game of luck but an activity that depends on your skills and knowledge.

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Different traders will have what makes them happy and motivates them differently.

All traders have just one thing that motivates them to continue to trade with happy mind. That is making profit from trading. I have been a trader for over four years now and I know that is the truth. If traders are losing, they are not happy with the situation. But if they are making money, they are happy with the situation. But it has a problem which is more encouragement to trade which can also still have bad effect on the trader's health. So it is good to trade wisely and have time for yourself and health.

I guess that is the major thing that is motivating traders in this industry, because if you are not making profits from trading it will be hard for you to be motivated from trading which is the reason many traders are going into trading.

Profit make traders know they are doing well, and it also motivate them to increase their capital because they know what they are earning with the little money they are using to trade. I noticed this in trading, if traders are losing in trading, they will not have the confident to introduce the trading to their friends because they are not earning profit and they are not happy, but if they are earning profit from the trading, you will see joy and motivation everywhere.

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Quote from: Hamza2424 on August 31, 2024, 11:53:03 AM

Quote from: Iamcrypticguy on August 31, 2024, 09:39:21 AM

What's your motivation?

Haha.. Money bro obviously.

A trader analyzes the market, invests money, and expects good returns in the end after putting in all efforts, managing risk, and controlling stress levels. So in my view, money is the motivation. Just don't fall into greed everything is great here. if you want to know the power of this motivation just show some screenshots of profits on your social media profile and those who don't even know the ABC of the crypto market are gonna PM you and ask about how to trade, can you guide me and if you are having good followers you can even create a new TG group for sharing your signals and in rewards you can change them as membership cost and 70% of them are gonna really pay.

You have said it all, money is the motivation for trading. Money being involved in trading will make trader to do everything to make success in trading. If not for the profit I don't think anyone would choose to take trading serious. To learn and to be discipline seems very difficult for some people but when it comes to trading they have no choice than to exhibit some characters that will help to bring profit in trading. I don't think anything else can be motivation in trading if not money because money is just the essence for trading which every trader wants to make profit and this will give traders the mindset just to do things right.

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Quote from: Iamcrypticguy on August 31, 2024, 09:39:21 AM

What motivates you as a trader?

I was not very active or had the desire to trade crypto, for me it was a risky activity and required a long process to become a trader who could enjoy the results of trading.

Luckily I have a good friend, he is an expert in crypto trading, he is the one who gave me high motivation, so I slowly followed my friend's instructions and started carrying out trading activities slowly, It took me more than a year to have trading knowledge.

Day after day I trade and until now, the bottom line: trading is not easy motivation and support from close and experienced people is very influential, don't trade alone without guidance, because trading is risky, you can lose moneythat you have.

Dave1

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Quote from: Iamcrypticguy on August 31, 2024, 09:39:21 AM

Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

Is it the thrill of seeing your setup come to fruition, the money and flexibility that successful trades offer, or perhaps the partnerships and extra rewarding events that successful traders get to participate in?

What's your motivation?

It's obvious that the motivation is to here money, and at the same time, there is no pressure, no managers or bosses behind you, in short you have all the time to execute your trade and make some money, how cool is that.

Nevertheless, it's not that easy road to be a successful gambler, we have heard the best of them saying that it take some time for them to really earn a lot of money, thru hard work and experience. So if we are willing to go on that path, so it's going to be rewarding and we will be successful traders in the long run.

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Quote from: Webetcoins on September 03, 2024, 01:01:11 PM

Quote from: Dr.Osh on September 02, 2024, 01:38:38 AM

Well, the only thing that drives me to trade is because it is still profitable and can provide great benefits. Although trading has high risks, if we do not cross the line, and always pay attention to important things, then I think it will reduce the risk. In addition, some people also make profits in a short time. This encourages other people's enthusiasm to be greater to trade.

Everyone is having intention of having good profit, so trading is best for this purpose but we still need to understand few basic things about this because without having knowledge and all skills it's never been easy to have profit while in try to have profit we can lose as well, so this is never been one-sided journey for anyone.

Just because they think that they can make a lot of profit from trading doesn't mean that they will make it, that's why it's a risky business. I agree that the idea of making a lot of profit motivates them and that's their main reason, but that doesn't mean that they will actually make that kind of profit, they are going to end up with nothing good at all.

We should consider what kind of trouble we are going to be in if we are not careful, and because of that we should consider risks while we are getting motivated. If you only think about the insane amount of money you will get and how rich you will be and so forth, then you will miss the real point and you will lose a lot of money, you just need to learn how to be a good trader and if you do, then you will make money, before that nothing will happen.

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Quote from: mirakal on September 04, 2024, 05:14:58 AM

Quote from: ?? on ??

Quote from: cute nmp on September 03, 2024, 09:20:15 AM

I simply want some financial freedom thats my sole reason of been a trader.

Seems reasonable Grin

Money gives exactly that, and that has been said there in so many ways, different in nature, but, essentially, coming to one conclusion.

The problem is that many traders assume they can make easy money from this, but after experiencing some losses and difficulties, they then blame the market. Money should not be put in our minds first; instead, make a good investment first in learning. Because it is impossible to get $$$ if we don't have proper knowledge and skill.
Profit is possible but can be impossible if a trader takes it easy and out of focus.
As we aim for money, then we also have to work harder and must be true to our goal, not just by taking it easy because trading is too risky and committing a single mistake could possibly mean losing everything.

Well said, investing to knowledge and skills will allow you to create good strategy and best practices to make things works accordingly, unlike with quickly wanting to earn will just lead you to lose and treat tading same deal with gambling, you need to focus with how will you benefited with the current and past market actions to anticipate how it will be moving before placing your position.

With good anticipation you'll developed that hope where you'll be seeing yourself succeeding from this venue of investment, knowledge and skills will push you to aim to learn more and execute for the betterment of your investment.

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Quote from: Iamcrypticguy on August 31, 2024, 09:39:21 AM

Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

Most thinking trade can generate maximum profits but they forget that trade is not as easy as thinking.
Motivation like this arises when someone sees the success of others in trade, whereas if done at all is very difficult.

Quote

Is it the thrill of seeing your setup come to fruition, the money and flexibility that successful trades offer, or perhaps the partnerships and extra rewarding events that successful traders get to participate in?

What's your motivation?

If trading is a way to make money, then people must also understand the process of travel.
Trade does not promise profits consistently but a person can learn to make a gradual profit.
If the initial trade we suffer losses, then the trade must then get a profit but this can be done if someone has knowledge, experience and money readiness while undergoing.
Of course capital and experience will be very decisive but we can learn or trade with smaller capital to start.

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Quote from: mirakal on September 04, 2024, 05:14:58 AM

Quote from: ?? on ??

Quote from: cute nmp on September 03, 2024, 09:20:15 AM

I simply want some financial freedom thats my sole reason of been a trader.

Seems reasonable Grin

Money gives exactly that, and that has been said there in so many ways, different in nature, but, essentially, coming to one conclusion.

The problem is that many traders assume they can make easy money from this, but after experiencing some losses and difficulties, they then blame the market. Money should not be put in our minds first; instead, make a good investment first in learning. Because it is impossible to get $$$ if we don't have proper knowledge and skill.
Profit is possible but can be impossible if a trader takes it easy and out of focus.
As we aim for money, then we also have to work harder and must be true to our goal, not just by taking it easy because trading is too risky and committing a single mistake could possibly mean losing everything.

That's a mistake that many novice traders make but still their motivation to trade is to make a profit but many mistakes occur on the way to achieving that goal and for me that's a natural thing because not everyone can focus and learn seriously even though they have the right goals.
Trading does have a big risk but it's worth it with all the possible benefits so if we instill motivation in ourselves and really learn I think we will be able to achieve the goal we want which is to make a profit.
One thing I understand, trading is not an easy thing, so if there is someone who has been successful in trading then I am sure that person has gone through many obstacles and learning that is not easy.

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Quote from: ?? on ??

Quote from: cute nmp on September 03, 2024, 09:20:15 AM

I simply want some financial freedom thats my sole reason of been a trader.

Seems reasonable Grin

Money gives exactly that, and that has been said there in so many ways, different in nature, but, essentially, coming to one conclusion.

The problem is that many traders assume they can make easy money from this, but after experiencing some losses and difficulties, they then blame the market. Money should not be put in our minds first; instead, make a good investment first in learning. Because it is impossible to get $$$ if we don't have proper knowledge and skill.
Profit is possible but can be impossible if a trader takes it easy and out of focus.
As we aim for money, then we also have to work harder and must be true to our goal, not just by taking it easy because trading is too risky and committing a single mistake could possibly mean losing everything.

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What motivates me as a trader?

Oh, well; nothing beats that feeling of knowing I can be on my bed earning a living without lifting my butts to leave my house. Just on my bed or in the toilet or sitting on a floor with my device in hands, it's a great feeling. Nothing beats that!

Secondly, the money made from it is also awesome if one truly knows one's onions and have acquired the skills to meander through the charts. Everyone loves a soft life and trading affords one that if one will be patient enough to scale through the rigours of learning.

Comfort and earning are the top motivation for going into trading for me.

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Quote from: LogitechMouse on September 03, 2024, 12:29:32 PM

Quote from: Iamcrypticguy on August 31, 2024, 09:39:21 AM

What's your motivation?

There are 3 things that motivate traders.
1. Money
2. More money
3. More, and more money.

I mean let's not be hypocritical to this kind of question. Traders are trading for the sake of money, and nothing more. That's what motivates them to study charts, analyze charts, making decisions that might change their lives etc. Money is the main reason why they are trading, and although trading is for all, not everyone makes money in trading. Unfortunately, there is only a few percent of the total amount of traders out there that are considered "profitable", and most of them? Like me who lost all of their money because of greediness, wrong decisions, and lack of knowledge. Cheesy

🖰🖰

Its my motivation as cryptocurrency trader how to earn much money and keep consistent with money management until reach financial freedom with bitcoin and altcoin trading. I think all trader have one motivate with cryptocurrency trading how to earn much money and could be their main source income every time depend on trading ability trade every where or any moment we have time.
All trader in cryptocurrency have main goal to earn much money and become their motivation when trading but not all trader easily reach their goal with trading.

I believe have many trader get frustrated when trading in cryptocurrency after their investment assets going down significant and get panic for selling on lower price, to reach motivate in trading earn much money have control their self when market not good condition. If still difficult for controlling the emotion I don't think have chance to earn profit in trading.

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Quote from: LogitechMouse on September 03, 2024, 12:29:32 PM

Quote from: Iamcrypticguy on August 31, 2024, 09:39:21 AM

What's your motivation?

There are 3 things that motivate traders.
1. Money
2. More money
3. More, and more money.

I mean let's not be hypocritical to this kind of question. Traders are trading for the sake of money, and nothing more. That's what motivates them to study charts, analyze charts, making decisions that might change their lives etc. Money is the main reason why they are trading, and although trading is for all, not everyone makes money in trading. Unfortunately, there is only a few percent of the total amount of traders out there that are considered "profitable", and most of them? Like me who lost all of their money because of greediness, wrong decisions, and lack of knowledge. Cheesy

🖰🖰

Exactly mate. Money is the end goal in trading. We all trade hoping for best profits, and that means huge profits which means a lot of money for successful traders. And we won't stop trading until we won't be able to achieve that.

But we all know, not all who trade ends in profits, but most are quickly losing their funds. Why? Because even if they're aware they can't trade for profits, still the enthusiasm is there hoping to get rich quick profits just like those early traders in the market.

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Quote from: Dr.Osh on September 02, 2024, 01:38:38 AM

Well, the only thing that drives me to trade is because it is still profitable and can provide great benefits. Although trading has high risks, if we do not cross the line, and always pay attention to important things, then I think it will reduce the risk. In addition, some people also make profits in a short time. This encourages other people's enthusiasm to be greater to trade.

Everyone is having intention of having good profit, so trading is best for this purpose but we still need to understand few basic things about this because without having knowledge and all skills it's never been easy to have profit while in try to have profit we can lose as well, so this is never been one-sided journey for anyone.

Quote from: Oshosondy on September 02, 2024, 03:20:34 AM

All traders have just one thing that motivates them to continue to trade with happy mind. That is making profit from trading. I have been a trader for over four years now and I know that is the truth. If traders are losing, they are not happy with the situation. But if they are making money, they are happy with the situation.

No doubt usually peoples jumps in trading for the better income or profit because we all know it's best way for having things without any limit but for having profit as you wanted it's also needed good amount into your pocket because this is main point with after this understanding of risk factor and also having good manageable mind is also helpful in trading.

While you are having patience and skills to understand all risk factors you can go ahead without any limit but always staying into which you can afford to lost is helpful for any person in trading because lose chances are also having high percentage in case of wrong move.

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Quote from: Iamcrypticguy on August 31, 2024, 09:39:21 AM

What's your motivation?

There are 3 things that motivate traders.
1. Money
2. More money
3. More, and more money.

I mean let's not be hypocritical to this kind of question. Traders are trading for the sake of money, and nothing more. That's what motivates them to study charts, analyze charts, making decisions that might change their lives etc. Money is the main reason why they are trading, and although trading is for all, not everyone makes money in trading. Unfortunately, there is only a few percent of the total amount of traders out there that are considered "profitable", and most of them? Like me who lost all of their money because of greediness, wrong decisions, and lack of knowledge. Cheesy

🖰🖰

cute nmp

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I simply want some financial freedom thats my sole reason of been a trader.

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Quote from: Lakai01 on September 02, 2024, 01:25:33 PM

Quote from: Gladitorcomeback on September 02, 2024, 12:23:49 PM

[...]
So profits are the main motivator in this case, in my opinion.

This might be true if you see trading as a form of income.
In fact, the vast majority of all traders out there (and of course us, too) lose money while trading, at least in the long term. Even professional traders like Tone Vays or Brian Beamish (The Rational Investor) fail in almost 50% of their trades, but they manage land 1-2% more successful than failed trades ... those are the trades where they make money.

So the majority of us should see trading as it is ... something that makes (a lot of) fun but costs you money ... like playing in the casino for example.

I don't think there's fun there when you start scratching your head looking at your portfolio having a red line or having a negative balance. Cheesy

But I agree that most of the traders are motivated just because of profit or earning from trading.
Remember that in trading not all the time you need to have a profit, sometimes you need to lose and learn from those mistakes.

IMO, it seems like this.
We know what's the reason behind why we're in trading (because of profit), whatever it is, don't expect too much that it has a high return.

Dewi Aries

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Quote from: arwin100 on September 03, 2024, 08:06:52 AM

Quote from: barisbilgili on September 03, 2024, 12:25:14 AM

It makes sense, seeking profit is the reason or motivation for a trader to spend a lot of time learning related things so they can achieve what they want. If we look at it broadly, it is not only the mind that is at stake but also the physical and mental health in trading is at stake for traders in running and studying the market situation, this is the same as other jobs where seeking profit is the main goal, I think there is no difference in that for all traders because it is impossible for us to do something if not to seek profit.

Everyone would really say that they are for profit since trading is one of the best option where they can earn money from crypto. Also I believe those big gains what they see from other successful trader motivate a lot of people to perform more better. From here we will undergo to a lot of mental challenges since we need to research each possible movements and that's actually not fun phase since we really need to pay attention on what we are doing to make a successful trades. I rarely see a person saying that they are not up for profit since trading is not a game and provably they might just get disappointed if they think there are other things more greater to achieve rather than to get profit from their trades.

Of course and certainly no one will be willing to spend a lot of time learning everything about trading, especially various more effective ways to develop their abilities and skills if there is no money behind the action, or what I mean is that something that motivates people to learn trading is because they want to get money. But in fact, this is not an easy profession to live, and usually people who come without bringing strong intentions and determination to learn along with the correct understanding of what and how trading really is, especially in terms of risk, in the end many of them fail in the middle of the road and even waste a lot of money and time.

And another thing that can also make a trader give up is when they do not have a strong mentality and psychology, I feel that when I was still in the world of trading, I felt a lot of pressure which was usually caused by ourselves who did not have a strong mentality and psychology when facing a loss situation. So don't be too excessive in imagining profits like those achieved by traders who are now successful, because the process is not as easy as you imagine, there is no pleasure but more pressure especially when you are still a beginner.

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Quote from: barisbilgili on September 03, 2024, 12:25:14 AM

Quote from: Viscore on September 02, 2024, 11:03:04 AM

Quote from: Oshosondy on September 02, 2024, 03:20:34 AM

All traders have just one thing that motivates them to continue to trade with happy mind. That is making profit from trading. I have been a trader for over four years now and I know that is the truth. If traders are losing, they are not happy with the situation. But if they are making money, they are happy with the situation. But it has a problem which is more encouragement to trade which can also still have bad effect on the trader's health. So it is good to trade wisely and have time for yourself and health.

I do agree that there's no other motivation than purely profits at all. If there's no profits in return, all these traders will definitely won't risk so much in trading even compromising their time and body health just to secure impressive profits in the end. Without profits, we won't see traders staying traders for the longest time.

It makes sense, seeking profit is the reason or motivation for a trader to spend a lot of time learning related things so they can achieve what they want. If we look at it broadly, it is not only the mind that is at stake but also the physical and mental health in trading is at stake for traders in running and studying the market situation, this is the same as other jobs where seeking profit is the main goal, I think there is no difference in that for all traders because it is impossible for us to do something if not to seek profit.

Everyone would really say that they are for profit since trading is one of the best option where they can earn money from crypto. Also I believe those big gains what they see from other successful trader motivate a lot of people to perform more better. From here we will undergo to a lot of mental challenges since we need to research each possible movements and that's actually not fun phase since we really need to pay attention on what we are doing to make a successful trades. I rarely see a person saying that they are not up for profit since trading is not a game and provably they might just get disappointed if they think there are other things more greater to achieve rather than to get profit from their trades.

Topic: What motivates you as a trader? - page 5. (Read 1619 times)