Why Trade All Day?

[Vaco]

1.Greed

2. Lack of size

3.Nothing better to do with your time

4.Its your job your not alowed to leave before a set time/condition is met.

Just wondering what motivates people to sit at the screen all day and maybe some interesting(probably not) discussion will come out of it.

 

[BumBumBum]

I think mostly its greed, but also trading all day its a very big mistake (I think you must have definitely tons of experience to handle that)

 

[Rossini]

You should add another option ''because I enjoy it''.

 

[Talbs!]

I second that !

 

[Vaco]

You should add another option ''because I enjoy it''.

Would you enjoy it so much on a demo account?

 

[Rossini]

No, but then there is no applicable option for that either...

 

[Talbs!]

There are worse ways to make a living ! How about an option for a bit of both ?

 

[brewski1984]

if it was my main job i would happily trade all day so i guess it would be because i enjoy it

 

[Vaco]

No, but then there is no applicable option for that either...

let me re-phrase, if you only enjoy it because its live then continuing after you have made a set amount is because of a desire to make more (greed) after all if you thought continuing would most likely result in a loss you wouldn't do it.

Also, in any poll there will obviously by an infinate no of options that could be added but hey these 4 are what came to mind when I posted.

If your answer is 'because you enjoy it then perhaps you could share with us what it is that you enjoy and do you get that same enjoyment regardless of the trades result.

 

[Talbs!]

True True ok "greed is good " ! You have to love the market even though sometimes its a right bitch !

 

[Rossini]

let me re-phrase, if you only enjoy it because its live then continuing after you have made a set amount is because of a desire to make more (greed) after all if you thought continuing would most likely result in a loss you wouldn't do it.

Also, in any poll there will obviously by an infinate no of options that could be added but hey these 4 are what came to mind when I posted.

If your answer is 'because you enjoy it then perhaps you could share with us what it is that you enjoy and do you get that same enjoyment regardless of the trades result.

Firstly I have to disagree. Stopping after you have made a set amount is a personal thing. My belief is if you have an edge then you should exploit it as much as possible while you have the set-ups because you have to pay for the losers. So because I hold that belief it seems illogical to me to stop trading after a set gain.

Secondly, I enjoy trading (all aspects) because there is always room for improvement. I enjoy striving to better my techniques, and I love the challenge. I work for myself, and every day is different.

 

[arabianights]

For the obvious (you would have thought) reason that you can't tell when an opportunity is going to come along... obviously you can tell when they are more likely to be around (e.g. the ****tyness today was pretty damn obviously going to happen) and in certain circumstances you can even make a judgement that the unexpected, if it comes, is more likely to **** you up (e.g. I wouldn't leave resting orders just before the close without having a good reason to)... but the unexpected always happens (twice to me even today so far, to give an example) and you can't take advantage of it unless you're there.

For that reason I haven't voted in the poll as none of the options apply

 

[Vaco]

Good responses from both of you, I'll just shut up and let the thread die

 

[SanMiguel]

1.Greed

2. Lack of size

3.Nothing better to do with your time

4.Its your job your not alowed to leave before a set time/condition is met.

Just wondering what motivates people to sit at the screen all day and maybe some interesting(probably not) discussion will come out of it.

Because the market only offers a couple (if that) good opportunities a day and you need to wait the entire day sometimes to get it.

 

[meanreversion]

Bund Gekko, can you please change your tag -

it should be "you're wrong" not "your wrong"

Sorry to be pedantic but it's a rather jarring spelling error...

(maybe also place an apostrophe between t and s in markets ..... i.e. "market's")

 

[Black Swan]

Bund Gekko, can you please change your tag -

it should be "you're wrong" not "your wrong"

Sorry to be pedantic but it's a rather jarring spelling error...

(maybe also place an apostrophe between t and s in markets ..... i.e. "market's")

best I saw was "to infinity and beyoud..." I actually thought it was something cryptic..I didn't Google "beyoud" but was tempted...

 

[Black Swan]

The *job* is a piece of pi55 though Vaco, we just make it hard don't we? I don't mean making cash is easy (or keeping it) but the actual job, once you've found your edge; alert, click, filled...simples...

 

[trendie]

good thread, Vaco.

I wonder if in the earliest stages, traders trade all day, because they are under-capitalised, and need a high pip return because they are trading small amounts.

Once you start trading at £20 a pip, a 40 pip daily return is much better than 100 pips at £5 a pip.
And 30-40 pips is more do-able than 100, as you have pointed out.

You breathe a sigh of relief once you realise that you can make more money for less effort, but only once you break some threshold.

I think Black Swan has already pointed this out ages ago on the Live Calls thread.

As per Rossini, I have to admit I am obsessed with trading, so being around is enjoyable, especially researching new styles and systems.

 

[dribs]

Why not trade all day? If you're finding opportunities to make money all day, then trade all day. Simple.