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Author Topic: What motivates you as a trader?  (Read 1462 times)
Iamcrypticguy (OP)
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August 31, 2024, 02:39:21 PM
 #1



Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

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?
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August 31, 2024, 04:17:47 PM
 #2

Different traders will have what makes them happy and motivates them differently. For most of them, it’s the money they earn after placing a trade and it went their way as analysed. Some traders who wants to become a pro in the field will not bother much about the income they get after placing a trade but will focus more on how their strategy works out and build on that more for the future in order to be perfect in trading using that strategy. A trader who claims to be one and only depends on signals or go for paid signals in order to place trade will only focus on how those trades will become profitable for them and not bothered about any strategy. For the flexibility aspect, I think all traders share that in common and that will be one of their motivations they used to join trading initially.

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August 31, 2024, 04:53:03 PM
 #3

What's your motivation?

Haha.. Money bro obviously.

A trader analyzes the market, invests money, and expects good returns in the end after putting in all efforts, managing risk, and controlling stress levels. So in my view, money is the motivation. Just don't fall into greed everything is great here. if you want to know the power of this motivation just show some screenshots of profits on your social media profile and those who don't even know the ABC of the crypto market are gonna PM you and ask about how to trade, can you guide me and if you are having good followers you can even create a new TG group for sharing your signals and in rewards you can change them as membership cost and 70% of them are gonna really pay.

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August 31, 2024, 06:13:45 PM
 #4

The most important thing is Money, where money is everything in our lives, all efforts are accompanied by money, so the main thing that motivates us in trading is only looking for profit, the rest is looking for more assets for our future life needs.

After starting trading for a long time, there are many things we can learn in this forum, we can freely discuss with each other, and in trading there are many things we can take, we can control our emotions and we are taught to be patient in everything. , so there are many things that can motivate us apart from money.

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August 31, 2024, 06:33:12 PM
 #5

What's your motivation?

The question sounds funny, though. Because you, as a trader, what motivated you? If not, the money you will get. I believe it is all about money. Every trader puts money into the market and expects profit from the investment, so in short, every trader does it for money. 

The most important thing is Money, where money is everything in our lives, all efforts are accompanied by money, so the main thing that motivates us in trading is only looking for profit, the rest is looking for more assets for our future life needs.

Exactly. The funds are the main reason why we trade, and nothing more than that. However, the future asset we cannot still get it without money, so let’s just say all traders trade for money because in business, anywhere you put money is because you are expecting profit from it, and that is how trading works. 

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August 31, 2024, 07:05:53 PM
 #6

There is no motivation to volunteer in trading... obviously there is profit behind it so they are motivated to learn about how to trade professionally, when you have reached that level the profit will be easier.

Trading is more that we have to learn so that makes your motivation so that you can know the skills you have, rest assured that in trading anything is about money, when you profit you will be happy ... when you lose you will be stressed.

Well how to manage in trading well this should be the concern of traders.

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August 31, 2024, 07:15:54 PM
 #7


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?

The everything here is a motivation but if you look at the wider picture they all lead to one thing which is profit, the motivation to always do better is that the profit is always coming which is the most important it. For me personally what triggers me more to keep me on going in trading even if there is some risk is the fact that i have seen others (not all this social media influencers parading as trader) getting some profit off this market and with the current economic situation in my country one needs to have a second and third source of income and trading has presented with one only needing to make sacrifices to learn. So my motivation is I want to learn this to make money to add to my income and also to add a tech skill to my resume again because this world is changing and with the rate at which cryptocurrency is going it’s niche will be in higher demand now and in the future.











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August 31, 2024, 08:11:50 PM
 #8



Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

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?

Getting more profit than I made yesterday and getting more money from the trade of today is the best motivation I get from trading.  There is no excitement that is bigger than when you get things right and the reward favours the trader in profit that alone will not just make the trader happy it will also make him to have the motivation to keep trading because to him making profit in trading makes a lot of things easier for him especially when not experienced lost for the day.

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August 31, 2024, 08:21:25 PM
 #9

Trading can be exciting and financially rewarding if you are successful at it.  It provides flexibility and freedom, which many folks wish for.  but it is not all about the money.  Beyond chasing thrills and loads of money, I reckon a lot of traders just love the challenge.  They get a rush outta testing their wits and skills against the market every day.  Win or lose. And if you can make bank while doing something you enjoy? Pretty sweet deal.  At least thats how I feel about it.

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August 31, 2024, 08:44:48 PM
 #10


Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

What's your motivation?
Outwardly? Money
Inwardly? Personal satisfaction

Those are the major ones. i want to make the money first, then be able to help others in my circle too make the money as well. The sense of personal satisfaction comes from it . These are my motivating focus that I think of each day waking up as a trader.

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August 31, 2024, 08:45:38 PM
 #11

What's your motivation?

Haha.. Money bro obviously.

A trader analyzes the market, invests money, and expects good returns in the end after putting in all efforts, managing risk, and controlling stress levels. So in my view, money is the motivation. Just don't fall into greed everything is great here. if you want to know the power of this motivation just show some screenshots of profits on your social media profile and those who don't even know the ABC of the crypto market are gonna PM you and ask about how to trade, can you guide me and if you are having good followers you can even create a new TG group for sharing your signals and in rewards you can change them as membership cost and 70% of them are gonna really pay.
Certainly it is. Money obviously. People trade and expect bigger returns after. That's how I was motivated to try trading as well because I see many people become more profitable with trading, as long as they got to trade the right coins as well.

However, there could be inevitable losses most particularly for newbies but through experience trading in the market, once skills and strategies are well developed, it could guarantee somehow that traders will now come to maximize its profits and lessen its losses with trading.

 
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August 31, 2024, 09:00:56 PM
 #12



Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

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?

My motivation is to make a huge amount of money by doing tiny amount of work.

But the reality of being a trader is making a tiny amount of money with a huge amount of work. Grin

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August 31, 2024, 09:02:17 PM
 #13

Money is obviously the main answer. Why are people involved in real estate? Its not to put roofs over peoples heads. Why are there doctors? Its not always because they like helping people. The main purpose of trading is obviously money or else every trader would just be trading on demo since they don't really need the money.

Its also interesting because its a world market. You are looking at a chart and there are millions around the world looking at the exact same chart, so you need to think in ways of, what are most traders going to do right now and make a decision to go long or short.

Trading is an amazing career if you are one of the few which can live off it. However its not for everybody. Most people don't make it as traders.
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August 31, 2024, 09:29:15 PM
 #14



Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

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?
This is cryptospace everyone I mean whom ever that is engaging themselves into trading are solely looking for a way to double their money mostly important utilizing the opportunities that bitcoin offers. Lot of people will give you different versions of story to shy away being known as someone who is being motivated by Money.

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August 31, 2024, 09:39:45 PM
 #15

My motivation is to make a huge amount of money by doing tiny amount of work.

But the reality of being a trader is making a tiny amount of money with a huge amount of work. Grin

Haha, that's impressive, I like such kind of humor, even after having this humor you are making a little money, ah I don't know what is little for you x amount can be little for A and the same x can be big for B. Anyway seems like you are also one of the spot traders? I'm not sure just making a wild guess because in futures people make huge money and huge losses as well.

Now +1 motivation for me by hearing this and reading replies afterwards of my post.


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August 31, 2024, 10:02:10 PM
Merited by Hamza2424 (1)
 #16

My motivation is to make a huge amount of money by doing tiny amount of work.

But the reality of being a trader is making a tiny amount of money with a huge amount of work. Grin

Haha, that's impressive, I like such kind of humor, even after having this humor you are making a little money, ah I don't know what is little for you x amount can be little for A and the same x can be big for B. Anyway seems like you are also one of the spot traders? I'm not sure just making a wild guess because in futures people make huge money and huge losses as well.

Now +1 motivation for me by hearing this and reading replies afterwards of my post.



Thank you for enjoying my post so much!
It means a lot when your humor has made somebody happy Smiley

I earn about 5% /Month. So if you have 100 000 USD, that makes 5000 a month. I do not have 100 000 USD for spot trading. So you can imagine the amounts are far less than if I had a regular paying job.

Of course there are traders who make 10x as much. Even more. But at a certain point, leveraging futures or other derivatives becomes gambling from a mathematical perspective.

Traders who boast about consistently making a lot of money already have a lot of money. Or they just lie about their real earnings (just like [insert any trading-influencer name here] on [insert any social media platform name here]). Grin


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August 31, 2024, 10:41:29 PM
 #17

What's your motivation?

I don't think that the motivation of anyone learning is just for fun.

Trading as a skill is something that offers the potential to help you out of poverty and give you financial freedom. This is the motivation for most traders who are engaging in trading. Getting motivated to start trading is one step of the way, while staying motivated to keep trading is another, and as a trader, due to the many ups and downs involved in trading, you may get discouraged or demotivated along the line, hence the need to find a way to stay motivated by reminding yourself of why you started and taking inspiration from other traders who are more successful than yourself.

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August 31, 2024, 11:59:27 PM
 #18



Hey mates, happy weekend! I think we should have a discussion about what motivates traders.

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?
We all trade for profits, that's the reality. Even with some beginners, they decide to trade early because they want to achieve instant profits, but only to find out trading is not that easy and it requires knowledge and experience first so that trading for profits will be possible.

Fact is, the more you become inclined with trading, the more money you will be making. And the more money you'll be making, the bigger the amount of trades you are capable of risking. And the bigger the amount you are trading, the higher the risk of losing, that's exactly the reason why one should only trade at an amount he can afford to lose since losses in trading are still inevitable regardless if you are a pro in trading or not.

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hd49728
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September 01, 2024, 04:40:27 AM
 #19

We all trade for profits, that's the reality. Even with some beginners, they decide to trade early because they want to achieve instant profits, but only to find out trading is not that easy and it requires knowledge and experience first so that trading for profits will be possible.
We are all the same, wanting profit but there are many ways to get profit and we are free to make different decisions on methods we would like to go with and use for profit chasing. Some choose investment, some choose trading with Spot market, and some others choose Trading with Margin or Futures.

Each method has pros and cons but trading contains more risk than Investment and amongst three types of trading: Spot, Margin (Leverage), and Futures, the Spot trading type is less risky than two other types.

Quote
Fact is, the more you become inclined with trading, the more money you will be making. And the more money you'll be making, the bigger the amount of trades you are capable of risking. And the bigger the amount you are trading, the higher the risk of losing, that's exactly the reason why one should only trade at an amount he can afford to lose since losses in trading are still inevitable regardless if you are a pro in trading or not.
Trading to get profit is possible but how you practice with capital and risk management to defend your profit and initial capital is more important and it's harder to do practically.

If you always use 100% money you have for trading, you can lose most of it with one or several bad trades. The lost speed is higher with you trade with Margin or Futures trading type. To sum up, with trading, capital and risk management is vital and a trader should never use all 100% trading capital for each trade.

Furthermore, always use some best weapons in trading like Stop loss order, Stop limit order.
[Guide] One of best weapons in trading: Stop loss order
Stop-Limit Order: What It Is and Why Investors Use It?
What's a Stop limit order?

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Egii Nna
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September 01, 2024, 05:30:48 AM
 #20

What's your motivation?

Nothing motivates a trader more than money because getting you profit is more amazing than everything, so there is no trader in this like that who will tell you that he is not motivated by the money, although in some cases I might say knowledge. because you will have more knowledge about crypto than others that know nothing about it, and also you will have a higher knowledge in maintaining your patience and also your risk, so if not for this then nothing will motivate you because in life after god, the first thing that will come to your mind is money, so that’s the reason why you will do research, make up your mind, and also put your money to see the profit you are getting. All you need to stay away from is getting greedy in times of profit. 

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