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Author Topic: What motivates you as a trader?  (Read 1460 times)
Lanatsa
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September 14, 2024, 08:02:07 PM
 #121


He chooses the wrong option. Even though we can say that trading is profitable, this never meant we could make it too easily and fast. If he has a financial problem, I doubt he can manage it. Indeed, pressure is a big factor that may affect his decision-making, and I'm afraid of a total loss of his money. As an experienced trader, it was not just the money we needed (enough capital) but also focus and time. 

Well, a person can do impossible things if we really want something to achieve. Anyone can be a good trader, but as I can say, trading is not an easy job to think that money can be obtained easily. We could just hope that he will be successful in his plan. 

Yeah, it takes time and better understanding regarding to the type of business or invesmtent that you are into, trading can be profitable but like what you said, it's not or better to say that it's never easy as how some newcomers think of it, you need not just to invest your money but you also need to invest your patience and time, there are many factors that you needed to consider, things that may affects the potential outcome of the market, all of those information are needed to be obtain in order to have  a much higher chance of success.

Well that's it, a good point with what you conveyed and as you have conveyed that making a profit in trading is not as easy as turning the palm of your hand, and we can see where the evidence is that it is not uncommon for us to see traders who ultimately fail and lose a lot of money and time, but I will also say that the same thing should not happen to you if from the beginning you know and understand what you are actually facing, because usually you will be able to measure your abilities if you have seen an activity that you want to do from various sides and not just in terms of its benefits.

I see that in most cases traders who fail are those who from the beginning are too focused on profit opportunities but do not think about and consider other unwanted possibilities that of course can befall them at any time such as losses, so the point is there is nothing instant, making a profit in trading is not as easy as we see, profit opportunities always depend on how smart and how much knowledge you have, meaning of course it does require a learning process first.
Profitability will really be that depending or basing up on how well you do make up trades on which this one would really be that a normal approach. The real thing on here is about on how you do able to make  yourself sustain because on the moment that you would become that too optimistic that you could do it easily then you would really be that become confident on which its not really bad but on the moment that it had become that over then this is where mistakes will really be starting to pile up. People would really be that getting interested with dealing up with trading just because they've seen that it could potentially make you profits which is way more than on what you do earn from your day job. Somehow, it wont really be coming easy and this is why tons of traders are still on the verge on trying out to have a successful trading career
because its never been that simple in the first place on which you would really be needing up that good analysis and experience or skills so that you could be able to sustain yourself towards it.

My motivation that i do have on why i do chose myself as a trader is that everyone will surely be thinking about financial freedom. Yes, it could be possible with trading but its not something easy that could be acquired. It will really be that totally basing up on how you would be gonna handling yourself towards this one. It will really be better that you should be focusing on achieving your goals if you would
really be liking to have a successful life. As we do all know that we cant be able to achieve things easily and you would really be needing to work your ass off hard before acquiring such things.
This is why its really that important that you should really be sensible on the actions and decisions you are making. Be realistic and set out goals on which you do seem that you could really be able to
achieve or something that you could reach on.

R


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September 14, 2024, 09:21:00 PM
 #122

What's your motivation?
When I was in school, I was looking for different ways in which I can be earning. I tried different online jobs, but most of them didn’t just end well for me. I didn’t give up. When I was doing more research, I came across a video that was teaching people how to trade. I decided to consult some people close to me, and they told me money can be made from it, but it’s risky, and I can’t start trading, and I will expect money instantly. I was told I will have to learn first, and trading is a gradual process. Seriously, I developed an interest in trading then, and I started growing myself, when I started trading, I lost everything which I was trading with, I had to struggle to get another money and I deposited it just to keep on learning, which I lost everything also, with time things we’re getting better, and my loss was reducing.

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September 14, 2024, 11:48:40 PM
 #123

My best motivation is the freedom trading offers from the regular 9-10 hours jobs . The money, the time and most especially my inner satisfaction and peace as I passionately love trading. Trading  have help to build my patience level and tolerance.
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September 15, 2024, 02:36:35 AM
 #124

My best motivation is the freedom trading offers from the regular 9-10 hours jobs . The money, the time and most especially my inner satisfaction and peace as I passionately love trading. Trading  have help to build my patience level and tolerance.
is it really because of peace when trading ultimately requires someone to keep watching the market for potential sideways Grin.
I could never find my peace in trading when I did it back then, good thing I already backed out and instead switched over to just investment.

but I can see majority of people are motivated to turn their small capital into big capital with trading in short time so that they can get foundation to build up portfolio in investment and I see that as a logical choice.
because investing with small capital is essentially just wasting time, can't afford waiting entire year to get 10% APY where our investment is just $100 that means $10 yearly definitely does not make sense Grin.
so for some people trading is the way.

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September 15, 2024, 06:54:32 AM
 #125

Is it the thrill of seeing your setup come to fruition, the money and flexibility that successful trades offer, or perhaps the partnerships and extra rewarding events that successful traders get to participate in?

What's your motivation?
Obviously money is the number one thing that motivates all of us, there is no doubt about that part for sure. I think it's clear that we are going to face with traders who also enjoy doing it as well. Money however, is not easy to make in trading, you have to become a good trader to make that money and unless you are careful then you could even lose money while trading as well.

This isn't like a job, it is not like you work hard and make money for sure, you are not going to get paid salary based on how many hours you trader, it is a risk that you are taking and after a month of working hard you could end up in a loss. That risk is very important because if you are not careful then you could lose all that you have and that's a bit bad for you.

Many people think that trading is something you can make money from and only focus on that part, of course it is something you can make money from there is no denying that, but at the same time it is something that will not be easy to deal with neither if you lose money instead. This is why we should be careful with it and not really get too much ahead of ourselves, if we do that then we are going to face something that is getting very hard for us.

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September 15, 2024, 08:15:27 AM
 #126

Each trader has different motivations for making bigger profits than others. A big motivation generally occurs in satisfying income every time someone saves a lot of altcoins in a portfolio at the right time, many things have become my motivation in crypto trading where I can analyze, get big profits and control emotions in trading where the main goal is money which becomes traders' profits and enthusiasm.

This is also a motivation for beginners not to always think that trading is not profitable but rather that they have to go through several risks in carrying out trading.

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September 15, 2024, 03:28:22 PM
 #127


He chooses the wrong option. Even though we can say that trading is profitable, this never meant we could make it too easily and fast. If he has a financial problem, I doubt he can manage it. Indeed, pressure is a big factor that may affect his decision-making, and I'm afraid of a total loss of his money. As an experienced trader, it was not just the money we needed (enough capital) but also focus and time. 

Well, a person can do impossible things if we really want something to achieve. Anyone can be a good trader, but as I can say, trading is not an easy job to think that money can be obtained easily. We could just hope that he will be successful in his plan. 

Yeah, it takes time and better understanding regarding to the type of business or invesmtent that you are into, trading can be profitable but like what you said, it's not or better to say that it's never easy as how some newcomers think of it, you need not just to invest your money but you also need to invest your patience and time, there are many factors that you needed to consider, things that may affects the potential outcome of the market, all of those information are needed to be obtain in order to have  a much higher chance of success.

Well that's it, a good point with what you conveyed and as you have conveyed that making a profit in trading is not as easy as turning the palm of your hand, and we can see where the evidence is that it is not uncommon for us to see traders who ultimately fail and lose a lot of money and time, but I will also say that the same thing should not happen to you if from the beginning you know and understand what you are actually facing, because usually you will be able to measure your abilities if you have seen an activity that you want to do from various sides and not just in terms of its benefits.

I see that in most cases traders who fail are those who from the beginning are too focused on profit opportunities but do not think about and consider other unwanted possibilities that of course can befall them at any time such as losses, so the point is there is nothing instant, making a profit in trading is not as easy as we see, profit opportunities always depend on how smart and how much knowledge you have, meaning of course it does require a learning process first.

Most of the time that's the main factor that leads traders to lose their investment instead of learning how to execute risk management, they mostly focu with how they can convert profits in each trades that they enter, most of the time with the volatile market like crypto it's tough to control your emotion, always best to make sure that you plan ahead of time and you keep your risk management to control both your finances and your emotion.

It's save a lot as you can rest for a while while re-analyzing the situation to make sure that you are still align with your set plans.

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September 15, 2024, 04:40:51 PM
 #128

Each trader has different motivations for making bigger profits than others. A big motivation generally occurs in satisfying income every time someone saves a lot of altcoins in a portfolio at the right time, many things have become my motivation in crypto trading where I can analyze, get big profits and control emotions in trading where the main goal is money which becomes traders' profits and enthusiasm.

This is also a motivation for beginners not to always think that trading is not profitable but rather that they have to go through several risks in carrying out trading.
The biggest motivation is that they want to gain profit by staying still, I mean they will prioritize thinking performance rather than working physically. Also usually when they get profit, the profit can exceed the salary in a month of working physically, but it is still comparable to the risk. Beginners usually have wilder thoughts, they will think that trading is something easy, so they are very enthusiastic about trading. When they experience a loss, they will realize that what they have been doing all this time is something wrong and even some of them end up saying something negative about trading. This is something I have seen myself, where beginners say trading is a scam. This is funny to me, because they say something they don't understand.

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September 15, 2024, 06:40:53 PM
 #129

Well that's it, a good point with what you conveyed and as you have conveyed that making a profit in trading is not as easy as turning the palm of your hand, and we can see where the evidence is that it is not uncommon for us to see traders who ultimately fail and lose a lot of money and time, but I will also say that the same thing should not happen to you if from the beginning you know and understand what you are actually facing, because usually you will be able to measure your abilities if you have seen an activity that you want to do from various sides and not just in terms of its benefits.

I see that in most cases traders who fail are those who from the beginning are too focused on profit opportunities but do not think about and consider other unwanted possibilities that of course can befall them at any time such as losses, so the point is there is nothing instant, making a profit in trading is not as easy as we see, profit opportunities always depend on how smart and how much knowledge you have, meaning of course it does require a learning process first.
Profitability will really be that depending or basing up on how well you do make up trades on which this one would really be that a normal approach. The real thing on here is about on how you do able to make  yourself sustain because on the moment that you would become that too optimistic that you could do it easily then you would really be that become confident on which its not really bad but on the moment that it had become that over then this is where mistakes will really be starting to pile up. People would really be that getting interested with dealing up with trading just because they've seen that it could potentially make you profits which is way more than on what you do earn from your day job. Somehow, it wont really be coming easy and this is why tons of traders are still on the verge on trying out to have a successful trading career
because its never been that simple in the first place on which you would really be needing up that good analysis and experience or skills so that you could be able to sustain yourself towards it.

My motivation that i do have on why i do chose myself as a trader is that everyone will surely be thinking about financial freedom. Yes, it could be possible with trading but its not something easy that could be acquired. It will really be that totally basing up on how you would be gonna handling yourself towards this one. It will really be better that you should be focusing on achieving your goals if you would
really be liking to have a successful life. As we do all know that we cant be able to achieve things easily and you would really be needing to work your ass off hard before acquiring such things.
This is why its really that important that you should really be sensible on the actions and decisions you are making. Be realistic and set out goals on which you do seem that you could really be able to
achieve or something that you could reach on.

Right, and I think knowing and understanding what activities we are facing indirectly can be a solution to avoid various actions that should not be done, and also in terms of feelings I think it is unlikely for you to feel too optimistic when you know how far your abilities are and indirectly this understanding will also be able to prevent us from excessive behavior or mistakes that accumulate.

Basically in trading it is clear that money or profit is the biggest motivation or reason why we are involved in this activity, but of course it does not mean that trading is much easier than other activities, everything that has the potential to produce sweet results will always start with a bitter process, many people have succeeded in achieving financial freedom in trading or investment but not infrequently also end in failure, and if we see some people who fail then that means success in trading is not as easy as you imagine, the process of difficulty is not much different from starting a regular business but maybe the difference is that trading is moving in the internet sector, I think this is nothing more than a choice, be rational and realistic, and when you feel that you are not able to go through it all, then avoid that choice.

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September 16, 2024, 02:26:11 PM
 #130

I don't get how some individuals are losing all.their profits that they have made for the day, don't you know what stop loss are, and you should be using it to prevent this from happening. I believe you were still new to trading and didn't think something like that could have happened to you but I hope that you have learnt your lessons and next time when you're trading, you should put a stop loss on every trade as it'll help you in risk management and you wouldn't be losing too much anymore. Your stop loss should be at the price that it shouldn't be more than 10% of your capital and if it gets triggered you won't lose more than 10% of any amount that you have used in your trading order.

Those newbie traders and investors who are always chasing profits and because of that they are trading meme coins or newly launched altcoins, tend to incur more losses because they don't understand the movements of the market very well, so they make entries at the wrong points and when the price starts dropping, they panic sell and lose money.

So the best practice for new traders is to only trade famous cryptocurrencies and keep learning so that they can understand the market better and be able to broaden their trading horizon.
Newbies chasing profits somehow because they want to rich at overnight even when they trying to trade against in market trend, newly meme coins sometimes increase highest as per as wif,shiba inu, pepe coins, so they are rush to invest in meme coins to increase their money 5x to 10x, but end of the day their mission will fail. Newbies should trade with big coins which will be safe always.

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September 16, 2024, 07:05:06 PM
 #131

Newbies chasing profits somehow because they want to rich at overnight even when they trying to trade against in market trend, newly meme coins sometimes increase highest as per as wif,shiba inu, pepe coins, so they are rush to invest in meme coins to increase their money 5x to 10x, but end of the day their mission will fail. Newbies should trade with big coins which will be safe always.
There is risk in all things you do, including trading, traders of all kinds have been trying to find the formula that will allow them to do just that and many people have failed, so it is important to remember that even if a person trades solid assets, they can still lose money, since the markets can move on unpredictable ways that you may not expect, and cause you to endure losses so great that they may be enough to cause you to give up trading for good.
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September 17, 2024, 01:20:44 AM
 #132

Those newbie traders and investors who are always chasing profits and because of that they are trading meme coins or newly launched altcoins, tend to incur more losses because they don't understand the movements of the market very well, so they make entries at the wrong points and when the price starts dropping, they panic sell and lose money.

So the best practice for new traders is to only trade famous cryptocurrencies and keep learning so that they can understand the market better and be able to broaden their trading horizon.
Newbies chasing profits somehow because they want to rich at overnight even when they trying to trade against in market trend, newly meme coins sometimes increase highest as per as wif,shiba inu, pepe coins, so they are rush to invest in meme coins to increase their money 5x to 10x, but end of the day their mission will fail. Newbies should trade with big coins which will be safe always.
As beginners who chase profits, it is very unlikely that they will succeed in their trading and this also applies to those who have known trading for a long time, because of course this is done only based on their desires not based on the knowledge they have and we think it will not be possible for beginners who are just starting to trade will easily make a profit from it of course they must first understand trading well to be able to make a profit from trading.

Trading in a hurry will certainly make anyone skip some things that must be done before entering the market and of course this will not give the right decision on the trades we make, so for anyone who decides to trade it would be better for them to do it carefully and correctly as you said as a beginner it would be better to choose a large coin but they have to try with a little capital first so that they can still bounce back when they fail.

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September 17, 2024, 02:02:03 AM
 #133

My best motivation is the freedom trading offers from the regular 9-10 hours jobs . The money, the time and most especially my inner satisfaction and peace as I passionately love trading. Trading  have help to build my patience level and tolerance.

Do you really feel free? When I was a freelance white hat hacker, I hated it because I couldn't make it a source of stable income and the stress I experienced from the process eventually made me quit. Maybe if you love it then you feel truly free, but apparently it was not my case.
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September 17, 2024, 04:37:27 AM
 #134

Each trader has different motivations for making bigger profits than others. A big motivation generally occurs in satisfying income every time someone saves a lot of altcoins in a portfolio at the right time, many things have become my motivation in crypto trading where I can analyze, get big profits and control emotions in trading where the main goal is money which becomes traders' profits and enthusiasm.

This is also a motivation for beginners not to always think that trading is not profitable but rather that they have to go through several risks in carrying out trading.
The biggest motivation is that they want to gain profit by staying still, I mean they will prioritize thinking performance rather than working physically. Also usually when they get profit, the profit can exceed the salary in a month of working physically, but it is still comparable to the risk. Beginners usually have wilder thoughts, they will think that trading is something easy, so they are very enthusiastic about trading. When they experience a loss, they will realize that what they have been doing all this time is something wrong and even some of them end up saying something negative about trading. This is something I have seen myself, where beginners say trading is a scam. This is funny to me, because they say something they don't understand.
People who have suffered in trading call the trading strategy a scam but they should have had more confidence in themselves such as gaining more experience and entering the market consistently. Some inexperienced trader enters the market by making lump sum investments in which he is eager to get profit in short time interval but he should enter the market continuously and prepare a holding so that he can later apply any investment method of his choice. Trading is very motivating for those who can pick the right currency and buy multiple price combinations to build a holding.

According to me an investor can achieve success in investing if he can invest his capital at right time and in right currency also should know about right trading strategy before doing short term trading.

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September 17, 2024, 06:57:19 AM
 #135

Newbies chasing profits somehow because they want to rich at overnight even when they trying to trade against in market trend, newly meme coins sometimes increase highest as per as wif,shiba inu, pepe coins, so they are rush to invest in meme coins to increase their money 5x to 10x, but end of the day their mission will fail. Newbies should trade with big coins which will be safe always.
There is risk in all things you do, including trading, traders of all kinds have been trying to find the formula that will allow them to do just that and many people have failed, so it is important to remember that even if a person trades solid assets, they can still lose money, since the markets can move on unpredictable ways that you may not expect, and cause you to endure losses so great that they may be enough to cause you to give up trading for good.

There's no assurance in terms of acquiring profits there's still risk and up and down that you may experienced but the sole motivations is when you decently earn both money and experienced, it's more on how you deal with knowledge and how you execute the potential outcomes, there are potential to earn once you already overcome greed and fear that keeps on holding you down to make mistake, your call and your decision making is very important to make that success.

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September 17, 2024, 10:18:05 AM
 #136

Newbies chasing profits somehow because they want to rich at overnight even when they trying to trade against in market trend, newly meme coins sometimes increase highest as per as wif,shiba inu, pepe coins, so they are rush to invest in meme coins to increase their money 5x to 10x, but end of the day their mission will fail. Newbies should trade with big coins which will be safe always.
There is risk in all things you do, including trading, traders of all kinds have been trying to find the formula that will allow them to do just that and many people have failed, so it is important to remember that even if a person trades solid assets, they can still lose money, since the markets can move on unpredictable ways that you may not expect, and cause you to endure losses so great that they may be enough to cause you to give up trading for good.

There's no assurance in terms of acquiring profits there's still risk and up and down that you may experienced but the sole motivations is when you decently earn both money and experienced, it's more on how you deal with knowledge and how you execute the potential outcomes, there are potential to earn once you already overcome greed and fear that keeps on holding you down to make mistake, your call and your decision making is very important to make that success.

Usually people falls from quick rich schemes and invest on those tokens which is fast moving like scam meme coins. They think that they will be so rich once the token they bought pump the same as what the dev promise to them. That's why those expectation they set from wrong token choices lead to a massive loss to them. This is how knowledge on how to deal everything related to trading is important since with this they would able to know how to lower down their expectations on some coins then could able to figure out what are the best to trade and which of those are good to avoid.

When dealing on risky market movement our decision making is really important, that's why before dealing or picking coins to trade we should know their latest tracks if there's good scope that we need to look forward so we have some hint that those coins or tokens would have good a chance to pump.

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September 23, 2024, 07:49:57 PM
 #137

This may actually vary from person to person. Now what a trader will be motivated by is actually a product of his own personal thoughts. Now if a lower middle class or poor person who learns trading only with the hope of financial gain and invests in it his objective will be how to profit from it and improve himself overall. On the other hand, if it is seen that a person already has a lot of wealth and wants to expand his business, then his thinking here will also be different because here he will learn and think about how to improve his business. This matter is actually a bit complicated. But at the end of the day everyone's objective is nothing but how to make a profit. However, those who are already traders will have the idea to invest and hold for a long time.  They will hunt big fish through this.  But it will not be the same for everyone.

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September 24, 2024, 06:36:59 PM
 #138

There is risk in all things you do, including trading, traders of all kinds have been trying to find the formula that will allow them to do just that and many people have failed, so it is important to remember that even if a person trades solid assets, they can still lose money, since the markets can move on unpredictable ways that you may not expect, and cause you to endure losses so great that they may be enough to cause you to give up trading for good.

There's no assurance in terms of acquiring profits there's still risk and up and down that you may experienced but the sole motivations is when you decently earn both money and experienced, it's more on how you deal with knowledge and how you execute the potential outcomes, there are potential to earn once you already overcome greed and fear that keeps on holding you down to make mistake, your call and your decision making is very important to make that success.

Of course, sometimes experienced traders will still experience losses, which can be said that the risk in trading applies to anyone, but the difference is that when someone is experienced, they will not experience too much loss compared to beginners who still have little knowledge. And this is why a trader is always advised to continue learning new things, because when your knowledge is greater, the amount of loss can also be minimized.

Another point is to never make a decision when you haven't found the right moment with the strategy you have, because usually that's the mistake I make in the sense that I sometimes force the situation to enter and execute the market even though it is the wrong time to execute, and also the point is to remain firm in your stance and always be disciplined with planning, try to make all the decisions you make based on rational reasons and considerations.

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September 24, 2024, 06:58:52 PM
 #139

Newbies chasing profits somehow because they want to rich at overnight even when they trying to trade against in market trend, newly meme coins sometimes increase highest as per as wif,shiba inu, pepe coins, so they are rush to invest in meme coins to increase their money 5x to 10x, but end of the day their mission will fail. Newbies should trade with big coins which will be safe always.
There is risk in all things you do, including trading, traders of all kinds have been trying to find the formula that will allow them to do just that and many people have failed, so it is important to remember that even if a person trades solid assets, they can still lose money, since the markets can move on unpredictable ways that you may not expect, and cause you to endure losses so great that they may be enough to cause you to give up trading for good.

There's no assurance in terms of acquiring profits there's still risk and up and down that you may experienced but the sole motivations is when you decently earn both money and experienced, it's more on how you deal with knowledge and how you execute the potential outcomes, there are potential to earn once you already overcome greed and fear that keeps on holding you down to make mistake, your call and your decision making is very important to make that success.

Usually people falls from quick rich schemes and invest on those tokens which is fast moving like scam meme coins. They think that they will be so rich once the token they bought pump the same as what the dev promise to them. That's why those expectation they set from wrong token choices lead to a massive loss to them. This is how knowledge on how to deal everything related to trading is important since with this they would able to know how to lower down their expectations on some coins then could able to figure out what are the best to trade and which of those are good to avoid.

When dealing on risky market movement our decision making is really important, that's why before dealing or picking coins to trade we should know their latest tracks if there's good scope that we need to look forward so we have some hint that those coins or tokens would have good a chance to pump.
You cant blame out those people on which even ourselves having that particular time on which the things that comes up into our mind is on how to make ourselves rich and thats why we do came up into the idea
that we should invest into those meme coins or to those low caps without even trying out to realize or think about into the risks involved with it. This is why its really that important that on the moment that you do deal up with trading then always be best that stick into those established old coins in the market on which you could somewhat assure that they are really that worth holding for long term and not really just that dealing on with those scam coins or meme coins. Cant really be denied that what makes people interested on dealing with meme coins is into its potential profit that you couldn't be able to earn or obtain when dealing up with those known coins that we do have in the market. Due to greed and that lack of patience on which wanting to get rich in a fast manner then this is where people do become desperate and comes up into these kind of options or ideas. My motivation as a trader then i do really wish that one day i would really be able to quit up by dayjob on which i do able to make a living with my trading profits. Yes, it cant be possible to be profitable all the time on which loses would be part of it but one thing that i do try to reach out is on how to be sustainable. How good to be on a condition on which your trading skills could really be able to make you survive on your day to day living on which for sure most traders are really that aiming on the same thing on which becomes professional and that sustainable.

R


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September 27, 2024, 03:16:03 AM
 #140

Well when I first started trading as a student I had a smaller vision about trading
I just wanted to be financially independent and not rely on my parents for money I also wanted to be able to spend on my parents once in a while when I need too
But over the years I have had a change in perspective as I now trade to be rich of course 😅😅
But I do not intend to trade for long just until I can set up a good business
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