I have/had a similar check-list Jdesey. Started trading after leaving a career I had become very unhappy with, so the immediate driver was income.
However, I actually wanted/want to become wealthy. Not just able to pay the bills but able to pay someone to pay the bills. On that target I am still some way short. But I still think it can be done.
However, I actually wanted/want to become wealthy. Not just able to pay the bills but able to pay someone to pay the bills. On that target I am still some way short. But I still think it can be done.
Hello,
It started off for me because I was getting fed up with petrol prices going up on me. Each week it was costing me more and more to fill up, it was on my mind as it was constantly in the news. And I thought if it's going up there should be some way to make money from this or at least to hedge against this. (I hadn't linked this until now but when I was at school it was something I had wanted to do.)
After buying into oil, I thought wow, this is good and then I started thinking all the things you have listed in your o.p.
Now I still have some of your list in mind but it is slowly changing to the personal development side, using my grey matter and the challenge to continually grow the account at the fulcrum between optimal growth and potential downfall.
It started off for me because I was getting fed up with petrol prices going up on me. Each week it was costing me more and more to fill up, it was on my mind as it was constantly in the news. And I thought if it's going up there should be some way to make money from this or at least to hedge against this. (I hadn't linked this until now but when I was at school it was something I had wanted to do.)
After buying into oil, I thought wow, this is good and then I started thinking all the things you have listed in your o.p.
Now I still have some of your list in mind but it is slowly changing to the personal development side, using my grey matter and the challenge to continually grow the account at the fulcrum between optimal growth and potential downfall.
tradethetrade
Newbie
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I'll give you my top reasons to daytrade and to give up daytrade.
Top reasons are similar to yours Jdesey.
Flexibility
Earnings potential
Excitement
Simplicity
Good work/life balance
Status
I quit daytrading because
Loneliness
Stress especially anxiety of FOMO fear of missing out.
Degrading performance of my strategies
Leaving no professional legacy behind
I now trade automated strategies that fit my lifestyle and not the otherway around.
Top reasons are similar to yours Jdesey.
Flexibility
Earnings potential
Excitement
Simplicity
Good work/life balance
Status
I quit daytrading because
Loneliness
Stress especially anxiety of FOMO fear of missing out.
Degrading performance of my strategies
Leaving no professional legacy behind
I now trade automated strategies that fit my lifestyle and not the otherway around.
Challenge every day. This elusive feeling of getting an edge over market which sneaks off as you bear losses and then gain again. Its a kind of occupation which complexity stretches with every step you make towards improvement.
No other job can offer you such luring opportunity where you can reach top qualification and the progress meets a blank wall.
foroom lluzers
Veteren member
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For the excitement and lulz.
NVP
Guest Author
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Me ?
I love trading........
the infinite variables regarding strategies and markets and the eternal puzzles and challenges presented to traders ....
money ? .........if you are in it just for the money you will already be one of the high percentage that fail..... ...its just a by-product of success........like many successful professionals - $$'s are a bonus to doing what they enjoy doing 24/7........ :smart:
N
NVP
Guest Author
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Yeah it is also enchanting for me cuz its a problem that regenerates solution after a solution. You never can't beat it at full.
the rest things are too boring
brewski1984
Senior member
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I like the idea that everyone will see me as some dude who makes a ridiculous amount of money for doing very little work.
piphoe
Legendary member
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Forex-Jedi
Junior member
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For me it was pure curiosity. I never thought about being rich or driving a Ferrari or anything like that, it was obvious to me that to make serious money you'd also have to risk serious money.
I would occasionally hear that the price of oil had gone up, or the dollar had fallen and I wanted to understand how and why that happened. I was pleasantly surprised to find that ordinary folk could trade on stock and currency markets, so I gave it a go. MUCH harder than I expected, came close to giving up a few times. At last I developed a profitable strategy, and more importantly, I learned HOW to develop profitable strategies. But there are no shortcuts, it's just hard work.
I would occasionally hear that the price of oil had gone up, or the dollar had fallen and I wanted to understand how and why that happened. I was pleasantly surprised to find that ordinary folk could trade on stock and currency markets, so I gave it a go. MUCH harder than I expected, came close to giving up a few times. At last I developed a profitable strategy, and more importantly, I learned HOW to develop profitable strategies. But there are no shortcuts, it's just hard work.
Big money does not give freedom, but only add new obligations.
Quantt
Experienced member
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I am still few years away from the big money and the bodyguards, so I have time to enjoy the freedom and the anonymity...
