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Author Topic: What motivates you as a trader?  (Read 1462 times)
Mpamaegbu
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September 04, 2024, 04:38:46 AM
 #61

What motivates me as a trader?

Oh, well; nothing beats that feeling of knowing I can be on my bed earning a living without lifting my butts to leave my house. Just on my bed or in the toilet or sitting on a floor with my device in hands, it's a great feeling. Nothing beats that!

Secondly, the money made from it is also awesome if one truly knows one's onions and have acquired the skills to meander through the charts. Everyone loves a soft life and trading affords one that if one will be patient enough to scale through the rigours of learning.

Comfort and earning are the top motivation for going into trading for me.


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mirakal
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September 04, 2024, 10:14:58 AM
 #62

I simply want some financial freedom thats my sole reason of been a trader.

Seems reasonable Grin Money gives exactly that, and that has been said there in so many ways, different in nature, but, essentially, coming to one conclusion.
The problem is that many traders assume they can make easy money from this, but after experiencing some losses and difficulties, they then blame the market. Money should not be put in our minds first; instead, make a good investment first in learning. Because it is impossible to get $$$ if we don't have proper knowledge and skill.
Profit is possible but can be impossible if a trader takes it easy and out of focus.
As we aim for money, then we also have to work harder and must be true to our goal, not just by taking it easy because trading is too risky and committing a single mistake could possibly mean losing everything.

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Xcode7
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September 04, 2024, 12:02:35 PM
 #63

I simply want some financial freedom thats my sole reason of been a trader.

Seems reasonable Grin Money gives exactly that, and that has been said there in so many ways, different in nature, but, essentially, coming to one conclusion.
The problem is that many traders assume they can make easy money from this, but after experiencing some losses and difficulties, they then blame the market. Money should not be put in our minds first; instead, make a good investment first in learning. Because it is impossible to get $$$ if we don't have proper knowledge and skill.
Profit is possible but can be impossible if a trader takes it easy and out of focus.
As we aim for money, then we also have to work harder and must be true to our goal, not just by taking it easy because trading is too risky and committing a single mistake could possibly mean losing everything.
That's a mistake that many novice traders make but still their motivation to trade is to make a profit but many mistakes occur on the way to achieving that goal and for me that's a natural thing because not everyone can focus and learn seriously even though they have the right goals.
Trading does have a big risk but it's worth it with all the possible benefits so if we instill motivation in ourselves and really learn I think we will be able to achieve the goal we want which is to make a profit.
One thing I understand, trading is not an easy thing, so if there is someone who has been successful in trading then I am sure that person has gone through many obstacles and learning that is not easy.

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tottong
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September 04, 2024, 12:37:07 PM
 #64

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

Most thinking trade can generate maximum profits but they forget that trade is not as easy as thinking.
Motivation like this arises when someone sees the success of others in trade, whereas if done at all is very difficult.

Quote
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?
If trading is a way to make money, then people must also understand the process of travel.
Trade does not promise profits consistently but a person can learn to make a gradual profit.
If the initial trade we suffer losses, then the trade must then get a profit but this can be done if someone has knowledge, experience and money readiness while undergoing.
Of course capital and experience will be very decisive but we can learn or trade with smaller capital to start.

Fredomago
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September 04, 2024, 12:50:28 PM
 #65

I simply want some financial freedom thats my sole reason of been a trader.

Seems reasonable Grin Money gives exactly that, and that has been said there in so many ways, different in nature, but, essentially, coming to one conclusion.
The problem is that many traders assume they can make easy money from this, but after experiencing some losses and difficulties, they then blame the market. Money should not be put in our minds first; instead, make a good investment first in learning. Because it is impossible to get $$$ if we don't have proper knowledge and skill.
Profit is possible but can be impossible if a trader takes it easy and out of focus.
As we aim for money, then we also have to work harder and must be true to our goal, not just by taking it easy because trading is too risky and committing a single mistake could possibly mean losing everything.

Well said, investing to knowledge and skills will allow you to create good strategy and best practices to make things works accordingly, unlike with quickly wanting to earn will just lead you to lose and treat tading same deal with gambling, you need to focus with how will you benefited with the current and past market actions to anticipate how it will be moving before placing your position.

With good anticipation you'll developed that hope where you'll be seeing yourself succeeding from this venue of investment, knowledge and skills will push you to aim to learn more and execute for the betterment of your investment.

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justdimin
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September 04, 2024, 12:58:10 PM
 #66

Well, the only thing that drives me to trade is because it is still profitable and can provide great benefits. Although trading has high risks, if we do not cross the line, and always pay attention to important things, then I think it will reduce the risk. In addition, some people also make profits in a short time. This encourages other people's enthusiasm to be greater to trade.
Everyone is having intention of having good profit, so trading is best for this purpose but we still need to understand few basic things about this because without having knowledge and all skills it's never been easy to have profit while in try to have profit we can lose as well, so this is never been one-sided journey for anyone.
Just because they think that they can make a lot of profit from trading doesn't mean that they will make it, that's why it's a risky business. I agree that the idea of making a lot of profit motivates them and that's their main reason, but that doesn't mean that they will actually make that kind of profit, they are going to end up with nothing good at all.

We should consider what kind of trouble we are going to be in if we are not careful, and because of that we should consider risks while we are getting motivated. If you only think about the insane amount of money you will get and how rich you will be and so forth, then you will miss the real point and you will lose a lot of money, you just need to learn how to be a good trader and if you do, then you will make money, before that nothing will happen.

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September 04, 2024, 01:12:30 PM
 #67



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?

It's obvious that the motivation is to here money, and at the same time, there is no pressure, no managers or bosses behind you, in short you have all the time to execute your trade and make some money, how cool is that.

Nevertheless, it's not that easy road to be a successful gambler, we have heard the best of them saying that it take some time for them to really earn a lot of money, thru hard work and experience. So if we are willing to go on that path, so it's going to be rewarding and we will be successful traders in the long run.

 
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September 04, 2024, 02:16:36 PM
 #68

What motivates you as a trader?
I was not very active or had the desire to trade crypto, for me it was a risky activity and required a long process to become a trader who could enjoy the results of trading.

Luckily I have a good friend, he is an expert in crypto trading, he is the one who gave me high motivation, so I slowly followed my friend's instructions and started carrying out trading activities slowly, It took me more than a year to have trading knowledge.

Day after day I trade and until now, the bottom line: trading is not easy motivation and support from close and experienced people is very influential, don't trade alone without guidance, because trading is risky, you can lose moneythat you have.

R


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September 04, 2024, 02:27:31 PM
 #69

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.
You have said it all, money is the motivation for trading. Money being involved in trading will make trader to do everything to make success in trading. If not for the profit I don't think anyone would choose to take trading serious. To learn and to be discipline seems very difficult for some people but when it comes to trading they have no choice than to exhibit some characters that will help to bring profit in trading. I don't think anything else can be motivation in trading if not money because money is just the essence for trading which every trader wants to make profit and this will give traders the mindset just to do things right.

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September 04, 2024, 04:03:26 PM
 #70

Quote from: Oshosondy
Quote from: Asiska02
Different traders will have what makes them happy and motivates them differently.
All traders have just one thing that motivates them to continue to trade with happy mind. That is making profit from trading. I have been a trader for over four years now and I know that is the truth. If traders are losing, they are not happy with the situation. But if they are making money, they are happy with the situation. But it has a problem which is more encouragement to trade which can also still have bad effect on the trader's health. So it is good to trade wisely and have time for yourself and health.
I guess that is the major thing that is motivating traders in this industry, because if you are not making profits from trading it will be hard for you to be motivated from trading which is the reason many traders are going into trading.

Profit make traders know they are doing well, and it also motivate them to increase their capital because they know what they are earning with the little money they are using to trade. I noticed this in trading, if traders are losing in trading, they will not have the confident to introduce the trading to their friends because they are not earning profit and they are not happy, but if they are earning profit from the trading, you will see joy and motivation everywhere.

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September 04, 2024, 05:20:30 PM
 #71


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.
You have said it all, money is the motivation for trading. Money being involved in trading will make trader to do everything to make success in trading. If not for the profit I don't think anyone would choose to take trading serious. To learn and to be discipline seems very difficult for some people but when it comes to trading they have no choice than to exhibit some characters that will help to bring profit in trading. I don't think anything else can be motivation in trading if not money because money is just the essence for trading which every trader wants to make profit and this will give traders the mindset just to do things right.

Yes, all of that is true and you have also said everything simply and easily to understand about the reasons why people are willing to dedicate or sacrifice most of their time to learn various things related to trading where all of that clearly has an intention and purpose and that is money.
As you have said that there is no other reason than because of the goal of getting money while traders will only be able to achieve their goals when they are willing to learn all the things that have the potential to increase profit opportunities.
And that is very natural or what I mean is that that is what you have to do when you really want to make consistent profits in trading, because this is not a game of luck but an activity that depends on your skills and knowledge.

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September 04, 2024, 05:57:27 PM
 #72



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?
There is know anything that motivated a traders apart from money, especially when a beginner introduces his self into traders and it has been successful once it will be having a high motivation,  because without money they is know way a trade can be done successfully since is the profits that is getting in every times he trades and have earned huge amounts of money is the one that giving him moral to continue with trade.

But if someone is into trading and it doesn’t win even once it will not have much encourage for trading again just because of the much money that is always lose when he come to trade; and that’s is good to have much knowledge about the trade before star , because what is normally motivating some people in to trade is that when they see their friends are achieving goals in trading they will be thinking is something easy: they don’t know that is also deserved a lot of knowledge.

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September 04, 2024, 09:55:52 PM
 #73



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?
Whether it's trading, investing or gambling, there's only one certain goal that motivates us, that is to make us profitable in the long run. That's the exact reality. People become more eager to trade or invest when they experienced their first profits. That proves that money is the best motivation in trading, others may only be indenial of that because they don't want to be called greedy when we all know we are all greedy by nature.

 
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September 05, 2024, 01:41:28 PM
 #74

I guess that is the major thing that is motivating traders in this industry, because if you are not making profits from trading it will be hard for you to be motivated from trading which is the reason many traders are going into trading.

Profit make traders know they are doing well, and it also motivate them to increase their capital because they know what they are earning with the little money they are using to trade. I noticed this in trading, if traders are losing in trading, they will not have the confident to introduce the trading to their friends because they are not earning profit and they are not happy, but if they are earning profit from the trading, you will see joy and motivation everywhere.

Every trader certainly expects profit from every trade that is made and to be able to achieve profit in the trades that we do, of course we must be able to have good skills in trading because no matter how much motivation we get without knowledge and skills, it is very unlikely that we will be able to get profit from the trade, so anyone who wants to get profit from every trade must be able to master knowledge and skills so that they can trade and get good results.

The failure experienced by every trader is of course due to their mistakes and it is very unlikely that they can introduce trading to other people and if they continue to introduce it to other people of course people will never believe them because they have not seen good results from the trading they do and if they want to introduce trading to other people of course they must first be successful in trading before they can introduce trading to other people.

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September 05, 2024, 02:42:08 PM
 #75

Quote from: Oshosondy
Quote from: Asiska02
Different traders will have what makes them happy and motivates them differently.
All traders have just one thing that motivates them to continue to trade with happy mind. That is making profit from trading. I have been a trader for over four years now and I know that is the truth. If traders are losing, they are not happy with the situation. But if they are making money, they are happy with the situation. But it has a problem which is more encouragement to trade which can also still have bad effect on the trader's health. So it is good to trade wisely and have time for yourself and health.
I guess that is the major thing that is motivating traders in this industry, because if you are not making profits from trading it will be hard for you to be motivated from trading which is the reason many traders are going into trading.

Profit make traders know they are doing well, and it also motivate them to increase their capital because they know what they are earning with the little money they are using to trade. I noticed this in trading, if traders are losing in trading, they will not have the confident to introduce the trading to their friends because they are not earning profit and they are not happy, but if they are earning profit from the trading, you will see joy and motivation everywhere.


Everyone who trades does so for profit because you cannot simply engage in something that will not benefit you. my friend that i know have enough knowledge about trading and he get huge profit on trading and that make me motivated to try and join him to start trading with him but still have not get something huge on it just learning about it still because since my friend cashout have not seen him get another one again and i thought is just a luck and probably think he will be a gambling too, because many people are saying trading is gambling but i did't beleave, because since my guy made money from trading, he doesn't want to change the strategy; if this one didn't work, you need to change and see if another will. I'm really happy on this forum because I've learnt a lot about trading. I'm sure if my friend is on this forum, he should have learnt something that will help him improve his skills and make more money, and if he didn't, I would have joined him after losing a lot of money. is good to have information before joining someone to do business or trade because if you don't gain tiny experience, he spies on you since you don't have any idea, so even someone gets money to do something and you are interested to join you should tell him should guide you trough how he works before started putting money on it. trade is good if you get enough skills on it.

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September 05, 2024, 03:21:18 PM
 #76

~
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?

Because of the money of course, traders would like to risk their money to gain more money with their skills and knowledge, you are not doing trading as fun, but of course, take it seriously because you are risking your money to have more in trading and no one would like to lose their money in an instant because of their mistake. People recently taking serious being traders some of them use this to become their full-time work, others just getting with the ride of the market volatility, and others just want a small extra income using spot trading. Just additional is the motivation to survive with your daily needs but of course it requires money all the time.

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September 05, 2024, 07:32:13 PM
 #77

You have said it all, money is the motivation for trading. Money being involved in trading will make trader to do everything to make success in trading. If not for the profit I don't think anyone would choose to take trading serious. To learn and to be discipline seems very difficult for some people but when it comes to trading they have no choice than to exhibit some characters that will help to bring profit in trading. I don't think anything else can be motivation in trading if not money because money is just the essence for trading which every trader wants to make profit and this will give traders the mindset just to do things right.

Money is actually a motivation and we know that it will be difficult when you start and you are not getting anything in return it is usually like that, and that is the period when you will be able to actually know the kind if you are interested or not because the moment you start you wont make any money and even if you make it wont be that much since you are just starting and am sure your coach is going to put you under control you that when you are leveraging you know the kind of percentage you are using, and with your consistency will determine the kind of profit you will make continuously. when i started learning trading at some point I wanted to give but if I look at the people that are putting me through and their story I just feel more encouraged to want to do more, it is just as if their story is my motivation, what if you don't make money from the trading instantly are you telling me that you are going to give up, no if you really want to go far then you will have to just motivate your self with something before you start making money.

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dunfida
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September 05, 2024, 07:49:37 PM
 #78



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 always talking about being a professional trader so that i could be able to sustain my needs or simply having that financial freedom, not on the sense that you could have that tons of money but
rather having that condition or situation that i could quit up my 8-5 job on which on the moment that i could really be able to make out some profits even though not all the time but still it is really ending up profitable.
I do really like to quit up my dayjob and would really be loving on doing all time trading here in my own house on which i would really be that much preferring on having this kind of life and this is why im really that pursuing
that i could be able to hit up this kind of condition on which we know that it wont really be simple but somehow its not really that impossible. It would really be just that taking up a lot of time and effort
before you could be able to hit up this kind of condition. Just make it sure that you will really be trying out to sustain all the possible situations or conditions that you do might be able to face on. We do know that
when it comes into this aspect not all people would really be that having that kind of self control and dedication on pursuing out their goals just because they had experienced out those certain conditions specially
losing which would weaken up their perseverance on continuing. It would really be just that depending on a certain individual on this case yet not all would really be having this kind of approach on things.

alastantiger
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September 05, 2024, 08:35:07 PM
 #79

Money is actually a motivation and we know that it will be difficult when you start and you are not getting anything in return it is usually like that, and that is the period when you will be able to actually know the kind if you are interested or not because the moment you start you wont make any money and even if you make it wont be that much since you are just starting.

A newbie can't depend on trading as their only source of income from the beginning, they can do that later but still not an advice that we should follow because trading isn't a stable income. Having a reliable incomes makes it easier to adopt to trading until you can be getting something from it. When you start, you won't make any profits and if you do, don't think that you're now good at trading because you're getting beginners luck that doesn't stay for long.

Money is a good motivating factor but it shouldn't be the only reason why you're trading. You should have other reasons so it can help you when you're feeling like giving up because you're not making money yet from trading.

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Iamcrypticguy (OP)
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September 06, 2024, 04:00:26 PM
 #80



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?


Obviously, different people have different trading goals and motivation for engaging trading especially Crypto trading. One Key thing is making profit. That's a common reason why anyone goes into trading. And good enough many trading platforms offer incentives to attract users and traders. Take Bitget for instance they recently announced opportunity for traders to win - SOL, BGB, BWB, DOGS etc. in their daily trade and win event. Binance employs a similar approach and other trading sites. There's a lot I learn when it has to do with trading. How to manage my emotions is one recurring lesson.

You've spoken well. I've also gone through these comments here and all I can say is majority of forum members here loves profits ahaha. Not the thrill of the setups it's purely profits..I guess they'll love this opportunity you just shared. Pls send the link to this. I hold BWB/BGB myself and this can be an opportunity to double up my pf with it..
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