Who LOVES trading?

No, I hate trading. I hate making money, I hate money in itself.

Oh wait, didn't I mention I'm a pessimist? Ah!
 
Masquerade said:
But is it the gambling or is it the risk/emotions you enjoy?

ie. Would you go play blackjack for chips that represented no value and still enjoy it as much?
Click to expand...

its the belief that i can find a way to beat that which is difficult and results in profit.

I do not attach emotions to each trade/hand dealt only the net result over time.

It is only natural that you would want to profit from the things that you are good at (if you are good enough.
 
So is the message meant to be that if you love trading then you are likely too emotional and will therefore not succeed. I don't see any conflict. You can love the interlectual challenge and the money but still be dispassionate and treat it like a business.
 
That was not the point of it. Seeing as this isn't going anywhere really.

A few months back I was in a trading chat room and speaking amongst some people. When I said I only did trading for the money and if there was no money in it - I wouldn't bother. I got people hurling abuse at me telling me I wouldn't succeed and that you have to really love it to do well. So I thought. "If they loved it, would they do it without the money?" and "if they love it, why do they need to trade such big size?" - which lead me to conclude they don't love trading, they just love the product you can attain with trading. The trading is just the means to an end. If Mcdonalds paid more than trading there's a good chance they would be down at Mcdonalds asking if you want fries with your meal.
 
Is trading still an intellectual challenge after you have your system and its just repeat repeat repeat?
I've not been at it that way long enough to know for myself, but it sure seems that once its as straightforward as it will ever be to you, ie the set ups are clear when they arise, the only thing to do is keep your patience and discipline. Of course learning never stops to improve your trading , but on your basic bread and butter first method does the challenge always remain? Many say it becomes unemotional or boring.
 
Masquerade said:
That was not the point of it. Seeing as this isn't going anywhere really.

A few months back I was in a trading chat room and speaking amongst some people. When I said I only did trading for the money and if there was no money in it - I wouldn't bother. I got people hurling abuse at me telling me I wouldn't succeed and that you have to really love it to do well. So I thought. "If they loved it, would they do it without the money?" and "if they love it, why do they need to trade such big size?" - which lead me to conclude they don't love trading, they just love the product you can attain with trading. The trading is just the means to an end. If Mcdonalds paid more than trading there's a good chance they would be down at Mcdonalds asking if you want fries with your meal.
Click to expand...

Masq, I'm a bit confused, you say you do it only for the money, but you expect the others who say they loved it would be off to MacD's if it paid well....? Wouldn't you be off to MacD's too if you only in it for the money?
 
glyder said:
Is trading still an intellectual challenge after you have your system and its just repeat repeat repeat?
I've not been at it that way long enough to know for myself, but it sure seems that once its as straightforward as it will ever be to you, ie the set ups are clear when they arise, the only thing to do is keep your patience and discipline. Of course learning never stops to improve your trading , but on your basic bread and butter first method does the challenge always remain? Many say it becomes unemotional or boring.
Click to expand...

What really made me realise that I was becoming a half decent trader was exactly that. Not boring but I wasn't emotional about it or stressed every time I was looking at my charts. I could see my setups and I knew what to do whether the trade was working or whether it was not. I think the stress would have killed me if I hadn't reached that point....
 
I wouldn't say that I love trading but I am probably obsessed with it and enjoy it. However I wouldn't do it if there was no money in it. Making money is the only reason to trade. If you are in it for the excitment you won't be succesful for sure.
 
I love trading. I gave up my dental practice nearly 10 years ago to trade for a living.
I hate gambling, btw. I must be one of the very few people to have gone to Las Vegas and not been tempted to gamble a single dime.
Fun to lose money gambling? ! Insane.
 
Mr. Charts said:
I love trading. I gave up my dental practice nearly 10 years ago to trade for a living.
I hate gambling, btw. I must be one of the very few people to have gone to Las Vegas and not been tempted to gamble a single dime.
Fun to lose money gambling? ! Insane.
Click to expand...

this is similar to how I feel, but havent been a dentist myself
 
blancspa said:
this is similar to how I feel, but havent been a dentist myself
Click to expand...
Don't, unless you think you'll enjoy being breathed over at 8am by someone stinking of stale garlic with bits of meat fibres stuck between their teeth, bleeding gums and telling you how well they clean their teeth......
 
glyder said:
Masq, I'm a bit confused, you say you do it only for the money, but you expect the others who say they loved it would be off to MacD's if it paid well....? Wouldn't you be off to MacD's too if you only in it for the money?
Click to expand...

I'm only in it for the money - I don't love it. I'm of a lazy disposition, but nevertheless if there was more money working in Mcdonald's than there was in trading i'd be there first thing flipping burgers.
 
Mr. Charts said:
I love trading. I gave up my dental practice nearly 10 years ago to trade for a living.
I hate gambling, btw. I must be one of the very few people to have gone to Las Vegas and not been tempted to gamble a single dime.
Fun to lose money gambling? ! Insane.
Click to expand...

What is it about the act of trading that you love?

The thing about losing money at gambling is you can only experience the highs once you feel the lows (akin to life) and that's what it's really about. Winning all the time would just get boring. It feels better to lose 1 million, then win 1 million than it does the other way round.
 
Masquerade said:
I'm only in it for the money - I don't love it. I'm of a lazy disposition, but nevertheless if there was more money working in Mcdonald's than there was in trading i'd be there first thing flipping burgers.
Click to expand...

Cheers, guv.
 
"Winning all the time would just get boring"

Got to disagree with that.
Anyway, to "work", markets opening in 6 minutes - yipee !
 
Mr. Charts said:
Don't, unless you think you'll enjoy being breathed over at 8am by someone stinking of stale garlic with bits of meat fibres stuck between their teeth, bleeding gums and telling you how well they clean their teeth......
Click to expand...

I didn't know you used to be my dentist Richard.
 
Mr. Charts said:
I love trading. I gave up my dental practice nearly 10 years ago to trade for a living.
I hate gambling, btw. I must be one of the very few people to have gone to Las Vegas and not been tempted to gamble a single dime.
Fun to lose money gambling? ! Insane.
Click to expand...

There are two of us, I went to a four day convention in Vegas, not one dime ...
 
You must log in or register to reply here.

Similar threads

O
I Love this site
2
Replies
21
Views
5K
Paul71
P
M
Singapore traders trading US Markets?
Replies
2
Views
2K
Npard23
N
totoga12
New Futures Trader
Replies
2
Views
1K
Anne Onymous
A
C
Trading Psychology, Can you put a price tag on it?
Replies
19
Views
5K
Brumby
B
S
who needs help and is struggling to make a thousands??
2 3
Replies
59
Views
9K
Perrington
Perrington
Top