Question to every day trader

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Jul 13, 2017
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#1
I have a question to every day trader out there especially successful ones. Is this a passion of yours? And do you feel like that you should not do day trading if its not a passion of yours? I feel you can become successful doing things you hate but makes it way harder and alot more discipline is required.
 

alextrader79

Active member
Jan 16, 2017
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#3
It was someday, I am comfortable with trading, but I can't say that it's something "Oh wow it's so thrilling"
Like every work, someday it becomes smth ordinary for you
 

piphoe

Well-known member
Oct 31, 2015
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#4
yes, I never want to do anything else. Very much a passion.
 
Apr 4, 2016
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#7
Not passion for me. I was p*ssed off they were taking my money. So I just wanted revenge.

But I am in the wrong thread. I am not a day trader. I trade minutes, hours, days, weeks, months, years, whatever it takes until they hand over their money.
 

Splitlink

Well-known member
Nov 18, 2001
10,850
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#8
With me, it is an interesting pastime for a retiree. I use low stakes, because I've lived too long to want to risk more, so am unlikely to make a fortune out of it.

I know how to do it, though. I think.:whistling
 

cbrads

Well-known member
Mar 11, 2014
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NW England
#9
I have a question to every day trader out there especially successful ones. Is this a passion of yours? And do you feel like that you should not do day trading if its not a passion of yours? I feel you can become successful doing things you hate but makes it way harder and alot more discipline is required.
Yes, passion isn't too strong a word for it. Nothing else will motivate you to put in the time and effort, not even money (if you ever make any). The reason I don't trade longer time frames is simply because I don't have the drive to do so. I think this is the point many longer term traders don't understand when they give (well meaning) advice to newbies. I don't understand why you would day trade if you hate it. It's the recipe failure and ruin. If trading isn't a passion, why put yourself through it. Find a normal job that's bearable or, dare I say it, you enjoy. Good Luck
 

dbphoenix

Well-known member
Aug 24, 2003
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#11
There's a wide expanse between passion and hatred. I find daytrading intriguing and even fascinating, but that is due largely to my background. But passion? No. I reserve that for more important things.

What novice daytraders lack is not passion but self-discipline and patience, not to mention a trading plan. If one doesn't want to "put himself through" the process of developing such a plan, then he has no business trading, day or otherwise, anymore than someone who wants to open a store or whatever has any business doing so without first developing a business plan.