What motivates you as a trader? - page 7.

alastantiger

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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.

My main motivation for trading is to make money. I'm trading because of the profits and how I can see my prediction go correctly and give me satisfaction. I enjoy participating in predictions and with trading, everytime that you trade, you're making a prediction that you can either get it correctly or you fail and lose your money. I don't see how possible it'll be for any reason that there are people trading because they want to lose money. I know some people trade just for fun but they don't do it everything with making money. Before a trade comes out successful, there's some work that have been put in through analysis and proper research hence no trader will intentionally want to lose all the time that he has dedicated to trading and money that he/she is investing into trading. Everybody is trading to make profits as the primary reason and any other reason is secondary.

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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?

The biggest motivation for trading is about making a profit. Traders strive to make a profit on every trading session they do, but they know that it is very unlikely to get a success rate of 90%+. I completely don't know what the motivations of other traders are who have continued trading so far, but as for me, of course I want to get worth it profits from it.

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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?

Flexibility in income, someone who becomes a professional trader is always attractive to me, because they are not adrift with work time like employees, do not have a grumpy boss, do trading activities wherever I want, that's what makes me very motivated by this trading world.

Yes, although it is not an easy thing because only a small percentage of people aspire to become successful traders, among them maybe only 3%-6%, because many people give up on the way.

But before we die why can't we work on it, right?

stomachgrowls

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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?

Main motivation? "MONEY or PROFITS"

It would be that a total lie if you would really deny this primary reason on why you do involved yourself on trading on which it will really be just that normal that you will really be aiming for making money.
The main motivation for me is to be that consistent or sustainable kind of trader on which despite of the loses you do have, you do still end up on being profitable. Yes, it would be understandable that there would
really be those moments or times that you will be having those loses and this is something which is normal. The key on here is on how you do sustain on different market conditions on which this is something
that you would be needing to focus on.

After how many years i do made myself involved with trading or in short with this crypto market. I havent considered myself to be something sustainable but im trying out my very best
to become even up to now. Experience would be the key but there's no definite time that will tell you that you are already capable enough. How i wish that i do quit up
or resign into my job and this is really the thing that keeps me going. Wink

Dr.Bitcoin_Strange

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Quote from: shawonngp on September 01, 2024, 11:31:42 AM

Quote from: Dr.Bitcoin_Strange on September 01, 2024, 10:33:48 AM

My motivation in trading is the profit that comes off it without a lot of energy being employed. Trading is nearly similar to passive income because while trading, you are not putting in any energy, it's just a brain work that requires you to sit at a place and calculate, then slide into a position and wait for your target to reach. If it's a lucky day where all your trade is success, you would realize you have made a lot of money just in your room, meanwhile there are thousands of people working in an environment that they think is not sustainable for themselves but they are left with no option than to keep working.

All traders motivation is same like to you, everyone's dream to rich quickly in cryptocurrency trading it's the biggest motivation. In trading you don't have to do physical work or do need to waste energy but I think there is a lot of mental stress which is much more than physical work.

Trading is not a get rich quick scheme and I didn't picture it like that which I believe that's what you are trying to think it is. Although it requires you no energy to trade but it is easy said than done. Trading is requires your time, commitment and attention before you can even start making profit. Losses is part of trading and no matter how good you are, you will definitely experience lose which can affect you emotionally.

SatoPrincess

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Money of course! I’m yet to meet anyone irl who says otherwise. Trading isn’t fun at the very least and I don’t believe anyone decides to be a trader because it’s fun. The joy of being a trader is when you’re profitable. Knowing you can be anywhere and work (trade) without having to go to an office or deal with co-workers is a good reason to be a crypto/forex trader.

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Quote from: Dr.Bitcoin_Strange on September 01, 2024, 10:33:48 AM

My motivation in trading is the profit that comes off it without a lot of energy being employed. Trading is nearly similar to passive income because while trading, you are not putting in any energy, it's just a brain work that requires you to sit at a place and calculate, then slide into a position and wait for your target to reach. If it's a lucky day where all your trade is success, you would realize you have made a lot of money just in your room, meanwhile there are thousands of people working in an environment that they think is not sustainable for themselves but they are left with no option than to keep working.

All traders motivation is same like to you, everyone's dream to rich quickly in cryptocurrency trading it's the biggest motivation. In trading you don't have to do physical work or do need to waste energy but I think there is a lot of mental stress which is much more than physical work.

lixer

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Quote from: Egii Nna on September 01, 2024, 12:30:48 AM

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

What's your motivation?

Nothing motivates a trader more than money because getting you profit is more amazing than everything, so there is no trader in this like that who will tell you that he is not motivated by the money, although in some cases I might say knowledge. because you will have more knowledge about crypto than others that know nothing about it, and also you will have a higher knowledge in maintaining your patience and also your risk, so if not for this then nothing will motivate you because in life after god, the first thing that will come to your mind is money, so that’s the reason why you will do research, make up your mind, and also put your money to see the profit you are getting. All you need to stay away from is getting greedy in times of profit.

Even many are having different theories and related things but here all is one as main point is having more money for us and having better life because without this motivation no one going to enter this trading as it's one of the best way to have money without any limit just need to have things well understood and on good track for your way in trading.

With this now main motivation or enjoyment is how you are doing your all work because if you are comfortable and having better knowledge and analysis of your work then you can take better results which are always positive for anyone who is having motivation to jump into trading. Controlling emotions and keeping yourself for having profit is always good because if you are not able to control yourself for having greediness or wrong decisions also never been good for this because we can lose more than our gain.

Dr.Bitcoin_Strange

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My motivation in trading is the profit that comes off it without a lot of energy being employed. Trading is nearly similar to passive income because while trading, you are not putting in any energy, it's just a brain work that requires you to sit at a place and calculate, then slide into a position and wait for your target to reach. If it's a lucky day where all your trade is success, you would realize you have made a lot of money just in your room, meanwhile there are thousands of people working in an environment that they think is not sustainable for themselves but they are left with no option than to keep working.

ethereumhunter

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My motivates to trade is for make money. I see many people can make a profit from trading so I tried that after I learn more about trading. I can say that gives me a profit and also a lose because I am not a pro trader but I keep trying to learn more about trading. Most people will have a reason why they are trade and that is because they want to make money. They also read on their social media that many people share their outcome in trading and that is a lot of money that they can get from trading.

Each people will have their own way so we will have differences for doing trading. But money will be the reason why people trading and that will attract more people to try trading and see how good they are in trading. But you must understand that to become a pro trader is difficult and that needs to have a good skills.

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

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.

But this is also where the danger lies: Newcomers hope to make a quick buck, but lose all their capital in the first few months and will most likely never come back.

For me, the motivation is quite clear: fun.
I know that I'm not a professional trader (and never will be), so it's extremely unrealistic to expect to make a positive return from trading over a long period of time. You have to be that honest with yourself.

I've also learned a lot about myself through trading, including the points you mentioned, especially managing stress levels during trades. Being able to do this also helps you a lot in your day-to-day work.

Egii Nna

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

What's your motivation?

Nothing motivates a trader more than money because getting you profit is more amazing than everything, so there is no trader in this like that who will tell you that he is not motivated by the money, although in some cases I might say knowledge. because you will have more knowledge about crypto than others that know nothing about it, and also you will have a higher knowledge in maintaining your patience and also your risk, so if not for this then nothing will motivate you because in life after god, the first thing that will come to your mind is money, so that’s the reason why you will do research, make up your mind, and also put your money to see the profit you are getting. All you need to stay away from is getting greedy in times of profit.

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Quote from: mirakal on August 31, 2024, 06:59:27 PM

We all trade for profits, that's the reality. Even with some beginners, they decide to trade early because they want to achieve instant profits, but only to find out trading is not that easy and it requires knowledge and experience first so that trading for profits will be possible.

We are all the same, wanting profit but there are many ways to get profit and we are free to make different decisions on methods we would like to go with and use for profit chasing. Some choose investment, some choose trading with Spot market, and some others choose Trading with Margin or Futures.

Each method has pros and cons but trading contains more risk than Investment and amongst three types of trading: Spot, Margin (Leverage), and Futures, the Spot trading type is less risky than two other types.

Quote

Fact is, the more you become inclined with trading, the more money you will be making. And the more money you'll be making, the bigger the amount of trades you are capable of risking. And the bigger the amount you are trading, the higher the risk of losing, that's exactly the reason why one should only trade at an amount he can afford to lose since losses in trading are still inevitable regardless if you are a pro in trading or not.

Trading to get profit is possible but how you practice with capital and risk management to defend your profit and initial capital is more important and it's harder to do practically.

If you always use 100% money you have for trading, you can lose most of it with one or several bad trades. The lost speed is higher with you trade with Margin or Futures trading type. To sum up, with trading, capital and risk management is vital and a trader should never use all 100% trading capital for each trade.

Furthermore, always use some best weapons in trading like Stop loss order, Stop limit order.
[Guide] One of best weapons in trading: Stop loss order
Stop-Limit Order: What It Is and Why Investors Use It?
What's a Stop limit order?

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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?

We all trade for profits, that's the reality. Even with some beginners, they decide to trade early because they want to achieve instant profits, but only to find out trading is not that easy and it requires knowledge and experience first so that trading for profits will be possible.

Fact is, the more you become inclined with trading, the more money you will be making. And the more money you'll be making, the bigger the amount of trades you are capable of risking. And the bigger the amount you are trading, the higher the risk of losing, that's exactly the reason why one should only trade at an amount he can afford to lose since losses in trading are still inevitable regardless if you are a pro in trading or not.

Rruchi man

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

What's your motivation?

I don't think that the motivation of anyone learning is just for fun.

Trading as a skill is something that offers the potential to help you out of poverty and give you financial freedom. This is the motivation for most traders who are engaging in trading. Getting motivated to start trading is one step of the way, while staying motivated to keep trading is another, and as a trader, due to the many ups and downs involved in trading, you may get discouraged or demotivated along the line, hence the need to find a way to stay motivated by reminding yourself of why you started and taking inspiration from other traders who are more successful than yourself.

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Quote from: Hamza2424 on August 31, 2024, 04:39:45 PM

Quote from: goldkingcoiner on August 31, 2024, 04:00:56 PM

My motivation is to make a huge amount of money by doing tiny amount of work.

But the reality of being a trader is making a tiny amount of money with a huge amount of work. Grin

Haha, that's impressive, I like such kind of humor, even after having this humor you are making a little money, ah I don't know what is little for you x amount can be little for A and the same x can be big for B. Anyway seems like you are also one of the spot traders? I'm not sure just making a wild guess because in futures people make huge money and huge losses as well.

Now +1 motivation for me by hearing this and reading replies afterwards of my post.

Thank you for enjoying my post so much!
It means a lot when your humor has made somebody happy

I earn about 5% /Month. So if you have 100 000 USD, that makes 5000 a month. I do not have 100 000 USD for spot trading. So you can imagine the amounts are far less than if I had a regular paying job.

Of course there are traders who make 10x as much. Even more. But at a certain point, leveraging futures or other derivatives becomes gambling from a mathematical perspective.

Traders who boast about consistently making a lot of money already have a lot of money. Or they just lie about their real earnings (just like [insert any trading-influencer name here] on [insert any social media platform name here]). Grin

Hamza2424

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Quote from: goldkingcoiner on August 31, 2024, 04:00:56 PM

My motivation is to make a huge amount of money by doing tiny amount of work.

But the reality of being a trader is making a tiny amount of money with a huge amount of work. Grin

Haha, that's impressive, I like such kind of humor, even after having this humor you are making a little money, ah I don't know what is little for you x amount can be little for A and the same x can be big for B. Anyway seems like you are also one of the spot traders? I'm not sure just making a wild guess because in futures people make huge money and huge losses as well.

Now +1 motivation for me by hearing this and reading replies afterwards of my post.

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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?

This is cryptospace everyone I mean whom ever that is engaging themselves into trading are solely looking for a way to double their money mostly important utilizing the opportunities that bitcoin offers. Lot of people will give you different versions of story to shy away being known as someone who is being motivated by Money.

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Money is obviously the main answer. Why are people involved in real estate? Its not to put roofs over peoples heads. Why are there doctors? Its not always because they like helping people. The main purpose of trading is obviously money or else every trader would just be trading on demo since they don't really need the money.

Its also interesting because its a world market. You are looking at a chart and there are millions around the world looking at the exact same chart, so you need to think in ways of, what are most traders going to do right now and make a decision to go long or short.

Trading is an amazing career if you are one of the few which can live off it. However its not for everybody. Most people don't make it as traders.

goldkingcoiner

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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?

My motivation is to make a huge amount of money by doing tiny amount of work.

But the reality of being a trader is making a tiny amount of money with a huge amount of work. Grin

Topic: What motivates you as a trader? - page 7. (Read 1619 times)