Question to every day trader

[Sub-Zero]

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.

 

[3mnettow]

It depends on who you are and how you approach things.

 

[alextrader79]

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]

yes, I never want to do anything else. Very much a passion.

 

[Quantt]

Yes, absolutely, as with anything in live you have to have a passion for it to succeed...

 

[Sub-Zero]

Interesting thanks guys.

 

[EnlightenedJoe]

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]

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

 

[Dowser]

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

 

[barjon]

It's said that the happiest people around are those who do as a job what they would otherwise do as a hobby.

 

[dbphoenix]

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.

 

[Kuznec]

It's said that the happiest people around are those who do as a job what they would otherwise do as a hobby.

I do not know any fools who would pay me for what I like to do.

 

[alextrader79]

I do not know any fools who would pay me for what I like to do.

Why? I know many people who do what they like, I'm among them as well. In fact, it's not so difficult

 

[Quantt]

Why? I know many people who do what they like, I'm among them as well. In fact, it's not so difficult

Same here, I love my full time job, that's why I am still working few hours a day...