What's your top reasons

Jdesey

Newbie
7 1
I'd be interested to hear what your top reasons are to trade

For me-
Freedom
No boss
No customers
Instant results
Unlimited earnings potential
Portable
 

tomorton

Legendary member
8,128 1,209
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.
 

Jason101

Experienced member
1,372 215
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.
 

tradethetrade

Newbie
8 0
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.
 

gerryg

Established member
900 6
I'd be interested to hear what your top reasons are to trade

For me-
Freedom
No boss
No customers
Instant results
Unlimited earnings potential
Portable
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.
 

tomorton

Legendary member
8,128 1,209
I still have ambitions to have just a little bit too much money. I don't want a super-yacht of my own in Antibes, just the chance to take an extra trip to Antibes each year in the off-season. I keep trading. Persistence will win.
 

NVP

Legendary member
37,504 1,972
I'd be interested to hear what your top reasons are to trade

For me-
Freedom
No boss
No customers
Instant results
Unlimited earnings potential
Portable
Me ?

I love trading........:love:

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
 
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Forex-Jedi

Junior member
13 2
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.
 
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