Why do you trade?

Kaeso

Active member
Oct 4, 2015
862
92
38
#16
For me it's been a labour of love. I obviously want financial freedom so that I can work from home. That is certainly an amazing benefit but it isn't my focus.. I really enjoy researching and following stories unfold and it's also rewarding being right about the market reaction. I still have a way off from financial freedom side as my trade sizes are not making me rich. Working up size to that level is going to take some time.

Sent from my SM-G950F using Tapatalk
i like the phrase labour of love, i can relate to that, not just trading but with other things too (y)
 

PINETREES

New member
May 30, 2018
4
0
1
#17
For me trading is a financial process, where with every trade I can learn something new. Trading markets are volatile environment that is why you always have t on tour tip toes :)
 

piphoe

Well-known member
Oct 31, 2015
10,049
194
123
#19
I trade dreams. (Mine :D)I live for trading. No matter how many times I fail, I pick myself learn what I can from the mistakes objectively, and try again. and again. and again. and again..................................................................................................................................................................................................................................................................................................................................................................................................................ad infinitum

However, actually doing a bit better this time around. It feels good, and I feel good. Like an highly conditioned athlete that just lost 20lbs...lighter, faster, nimble. Hope this continues, love this feeling :D
 
Aug 17, 2018
76
2
8
#20
I trade for the profit, of course, but I also trade because I genuinely enjoy it. It's a good, fun, productive intellectual exercise.
 
Jul 11, 2018
10
0
1
#21
The reason I'm trading is obviously because of money, even passion, there's no other but it's not easy as it takes lots of dedication and concentration. I understand your view, you don't have to force yourself to come back unless you decide it's the right time with right mindset or right fund. It's been four months since you post here, how's your family?
 

SmTrader86

New member
Jul 13, 2018
17
4
3
London
#22
I have been consistently profitable overall for 4 years now, but in particular the last 2 years i have been in profit month in month out with equity gains no losses!!!... Reason i believe i became better since a string of blowing my account is

1...Master your emotions and physcology
2...Find a system that suits you(I am a swing trader) with proper risk management
3...Dont think about money, just become better at trading
4...Dont aim for monthly % or return...trade your setup % gain comes naturally
5...Understand that money is just a number, don't get emotional when you win or loose
6...Be patient,

I know all sound vague, but when the penny drop...all will seem clearer

All the best
 
Aug 17, 2018
76
2
8
#23
I have been consistently profitable overall for 4 years now, but in particular the last 2 years i have been in profit month in month out with equity gains no losses!!!... Reason i believe i became better since a string of blowing my account is

1...Master your emotions and physcology
2...Find a system that suits you(I am a swing trader) with proper risk management
3...Dont think about money, just become better at trading
4...Dont aim for monthly % or return...trade your setup % gain comes naturally
5...Understand that money is just a number, don't get emotional when you win or loose
6...Be patient,

I know all sound vague, but when the penny drop...all will seem clearer

All the best
For how long have you been trading in general?
 

hatemypips

Active member
Nov 11, 2014
257
5
28
#25
I have been consistently profitable overall for 4 years now, but in particular the last 2 years i have been in profit month in month out with equity gains no losses!!!... Reason i believe i became better since a string of blowing my account is

1...Master your emotions and physcology
2...Find a system that suits you(I am a swing trader) with proper risk management
3...Dont think about money, just become better at trading
4...Dont aim for monthly % or return...trade your setup % gain comes naturally
5...Understand that money is just a number, don't get emotional when you win or loose
6...Be patient,

I know all sound vague, but when the penny drop...all will seem clearer

All the best
Could you share with us some tips on how to build trading strategy? Any books you used in you study to build the successful system?
 

SmTrader86

New member
Jul 13, 2018
17
4
3
London
#26
The books that has an effect on me was the following

Trading in zones also disciplined trader by mark douglas. I also read articles on google anything relation to emotion, psychology, human behavior etc..

As with strategy, you have to see what suits you're personality....i feel comfortable as a swing trader 1-7 days. Also i don't heavily rely on indicators, sometimes i use Ishimoku system or usually i read price actions with no indicators, also i don't use stop losses. I hedge.....

but it is really 90% emotions and psychology...
 
Sep 15, 2018
45
0
6
#28
I have joined the forex trading to get the financial independence. As each trader is not comparable, a foreign currency exchange trader must decide how he can use trading strategies to achieve his trading objectives. And first a trader must decide how to start his trading: with smaller or larger amount. And as forex is an over the counter market a trader has full freedom to work with full independence which attracts me most.
 

Pat494

Well-known member
Mar 27, 2004
13,185
1,262
223
#29
Sounds like you are near to the end of your tether.
My advice is to take some time off trading and come back if you want another go later. Take a holiday if you can still afford one.
Get refreshed and optimistic or call it a day. Be proud that you gave it your best shot and there are lots of other things to do.

Driving yourself into the ground with worry is not a good idea.
 
Likes: Nowler
Aug 17, 2018
76
2
8
#30
That is good advice. If there's a problem with one's trading it's better, I think, to pause for a little while so you don't get stuck into making the same mistake over and over again. Rest, analyse your trades and try to correct what went wrong.