Do you trade for money or emotional satisfaction?

[juragane]

I am trading just want to get profit so I just relaxed trading is not too emotional and not often affected by bad news and some other news so that I can do just trading with relax. in the hope of gaining enormous profits and getting rich.

[envy1997]

I am trading just want to get profit so I just relaxed trading is not too emotional and not often affected by bad news and some other news so that I can do just trading with relax. in the hope of gaining enormous profits and getting rich.

It's not easy like that, yes you're trading but actually you're gambling your property with the cryptos, it could be down ,up or stay the same in the long time, noone could predict that exactly.

[market field]

When I invested, I based on the data and what I analyzed. I never deal with emotions. This will create a bad habit in investing.

[Gheka]

I think that there is no one in this world that prefers to trade only for emotional satisfaction, i mean there is no need to do that.. Most of the people is only in here for the money (including myself)

Yes, there is nothing too surprising about that, everyone here and trade for the money, they never trade to have a fun or an emotional satisfaction, that is not necessary and absolutely should not be in this world. Trade for emotional satisfaction is an impossible thing because losing is something nobody wants, everyone wants to have more money to serve their needs, giving too much money in return for emotional satisfaction, it is never a wise idea, emotions only make people weaker and less disciplined, people just become more assertive and stronger when they have bigger goals and aspirations

[s0beit]

DO YOU WANT TO BE ENTERTAINED OR RICH?…IT’S YOUR CHOICE

I came across this excellent chart the other day. It shows those times in history when the S&P 500 doubled over a ten year period and the trajectory that this doubling took.

Please see here for a relevant chart: https://www.tradinggame.com.au/want-entertained-rich-choice/ 

Much commentary that followed on twitter related to the steady low volatility climb that characterised the latest run and how boring this was. One of the interesting thing about markets and money in general is that people betray their true desires and personality.

Markets are the true window into the soul and in this instance what traders were actually saying is that they wanted to be entertained and not rich. The constant current moaning about the lack of volatility is little more than the plaintiff cries of children who bedevil their parents every school holidays with cries of …I’m bored.

This lay observation tallies with what others have found. The seminal work in this field of trader immaturity is An Analysis of the Profiles and Motivations of Habitual Commodity Speculators by W.B. Canoles, S.R. Thompson, S.H. Irwin, and V.G. France. I have summarised their findings below and have added my own emphasis.

“The typical trader assumes a good deal of risk in most phases of his life. He is both an aggressive investor and an active gambler.

 [He] does not consider preservation of capital to be a very high trading priority.

As a result, he rarely uses stop loss orders. He wins more frequently than he loses (over 51% of the time) but is an overall net loser in dollar terms. In spite of recurring trading losses, he has never made any substantial change in his basic trading style.

To this trader, whether he won or lost on a particular trade is more important than the size of the win or loss. Thus he consistently cuts his profits short while letting his losses run.

 He also worries more about missing a move in the market by being on the sidelines than about losing by being on the wrong side of a market move; i.e., being in the action is more important than the financial consequences.

Participating brokers confirmed that for the majority of the speculators studied, the primary motivation for continuous trading is the recreational utility derived largely from having a market position.

Numerous indications in our survey indicate that they are not trading solely or even primarily for profit, but may be maximizing excitement or the number of winning trades.”

So we come back to the original question. Do you want to rich or be entertained as the choice is entirely yours.

Author: Chris Tate
Article reproduced with kind permission of Tradinggame.com.au.

The article is concluded by the quotes below:


“It's in your best interest to focus on building your trading skills rather than on achieving a huge profit every month.” – Joe Ross

“No matter how good you may think you are, nobody is bigger than the market and it will beat you to your knees if you don't treat it with the respect it deserves.” - Adrian Alberts 

“Trading does not have to be very difficult — what can be difficult is finding the right path early on and properly understanding the major impact of your mental state on your trading results” - Gabriel Grammatidis 



www.tallinex.com wants you to be a successful trader


Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html

Ofcourse I am trading for money. I won't spend or waste my time just to fulfill my emotional satisfaction. Earning is not easy these days and crypto is really a big help so I am just embracing the opportunities that it offers. Everytime I earn good profit, it lessens up my burdens which make things better.

[MiXxe]

Why would I trade for emotional satisfaction when I can have it from people who loves me? I trade here for money of course. Nothing more nothing less. If I incorporate my emotion here, I will probably lose and quick easily.  To invest here is a little bit harder than what others are expecting. This includes a lot of patience and if you don't get easily satisfied emotionally, you are surely not supposed to be here.

[JohnWick_Bitcoin]

The dependably the objective of everyone, merchant or financial specialist in this marker is to get something in a decent restore this the motivation behind why we are working for having the cash. The vast majority exchange to pick up benefits to accomplish the point the objective. We plan to make increasingly, and profit and our objective are to keep up or to give a decent future to our family.

Obviously most of the traders in the market wants to earn more profit but for those people who cannot handle the market prices that are dropping then their biggest enemy is their own emotions.

[GoodLuck2]

I am trading just want to get profit so I just relaxed trading is not too emotional and not often affected by bad news and some other news so that I can do just trading with relax. in the hope of gaining enormous profits and getting rich.

It's not easy like that, yes you're trading but actually you're gambling your property with the cryptos, it could be down ,up or stay the same in the long time, noone could predict that exactly.

This is true no one know what will happen to the crypto but if we talk about bitcoin then we can see how amazing the history of bitcoin is, then no worries investing in trading using bitcoin will surely give your satisfaction about your future and it will give you good amount of money as well, trading is really a great way of earning money if you have some skills and knowledge then nothing can be better than trading to get profit, so I am using trading not only me but everyone here are using to earn money so I found it really profit worthy.

[GreatOrchid]

Lmao, so there are people who only trade for emotional satisfaction? wow it does not make any sense for me, i thought that everyone in here, including myself, were trading for money or for other different purposes, this is more than weird to be honest.

[Ghayoor]

The dependably the objective of everyone, merchant or financial specialist in this marker is to get something in a decent restore this the motivation behind why we are working for having the cash. The vast majority exchange to pick up benefits to accomplish the point the objective. We plan to make increasingly, and profit and our objective are to keep up or to give a decent future to our family.

i trade here to make money and so far i earn a lot from trade.

[ghost14k]

I have never heard or seen anyone trading for emotional satisfaction. Though some will always claim that the love for the blockchain and need to develop something for the society. I just laugh over them. We all know it's lies. Even the most perfect ICO are there for the money and if given a chance 99% of them will run with people's money. That's why many scams have been in this game due to decentralization. No one tracks you and no one will hold you responsible. Very few are trying to create something decent but still they are there for the money.

[Nahid Alom]

yes i trades for money and everyone wants to have more money to serve their needs, giving too much money in return for emotional satisfaction, it is never a wise idea, emotions only make people weaker and less disciplined, people just become more assertive and strongerhen they have bigger goals and aspirations 

[Aion2n]

I don't quite understand what kind of satisfaction could be from simple trade. To my opinion, when you earn money you get satisfied then. What could be better?

It is emotion of experience for your contribution. After you entered the game, there are interesting emotions, adrenaline is excreted in the blood. You're worried, even if you're confident in your bet. And then, when your forecast turned out to be correct, you feel emotion from what you were right, from what you earned and from this whole process as a whole. That is, the author talks about the totality of all the emotions that a person experiences from making a decision to buy / sell, until the moment the transaction is closed.
If you do not experience these emotions, then you, probably very reserved person. Emotional people understand very well what the author is talking about and many are trading to get emotions.

[Dark Sky]

I don't quite understand what kind of satisfaction could be from simple trade. To my opinion, when you earn money you get satisfied then. What could be better?

It is emotion of experience for your contribution. After you entered the game, there are interesting emotions, adrenaline is excreted in the blood. You're worried, even if you're confident in your bet. And then, when your forecast turned out to be correct, you feel emotion from what you were right, from what you earned and from this whole process as a whole. That is, the author talks about the totality of all the emotions that a person experiences from making a decision to buy / sell, until the moment the transaction is closed.
If you do not experience these emotions, then you, probably very reserved person. Emotional people understand very well what the author is talking about and many are trading to get emotions.

Yes but I think trading for money will much better because it will give you a lot of money and that's why your family will live in comfortable life and your will satisfy that your family's future will more secure, so you should hold your earning because that's why you will get best profit.

[DaryaDancova]

I only trade a small part of my cryptocurrency deposit and do it for pleasure, and I keep most of my tokens in the long term and try not to sell.

[Grayy]

Emotional satisfaction ? I believe everyone goes into trading to make some profit. Trading may not necessarily be in tune with your emotions. If you follow your emotions you might make some bad mistakes. It's better to stick to plans than to go with your emotions.

[princebridge7]

I trade Cryptocurrency not for emotion or frivolity or gambling, but as my livelihood for the future.

because I next year in 2019 will get married, so must have funds for the cost of marriage and home.
hopefully on that day all the proceeds from trading Cryptocurrency there all its.

[cryptoblue77]

I believe these days, you can find only one or two people out of 100, that are trading for emotional satisfaction. In this materialist world, most people want to earn money in some way or other.

[xSkylarx]

When you have got other sources of income then you can trade for emotional satisfaction. But, I am trading for money, as I don't have other sources of income. At this young age, I need a lot of money to support my family. So, If I can some, It would be good for my family.

If you are financially stable or if you are not struggling about your finances anymore , you are just trading for an emotional satisfaction. As for me, I am trading for money. I am so eager to earn because I would want to secure my future as well as my family and that would give me a contentment and satisfaction.

[MMnoob]

I trade to gain profit because a trade if done correctly we will get satisfaction.