What motivates you as a trader?

[Altcoiner007]

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..

I know a couple of people who pick interest in this event once they hear about it. It's normal we all love to make profit. Here's the link
https://www.bitget.site/support/articles/4407839277593-Bitget-Futures:-Futures-Trading-Bonus
Do further research to asserten that it meets what you're looking for.

[passwordnow]

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?

All of those that you've mentioned are what we're having. The flexibility of earning through trading, the success that we're getting for every winning trades that we have. But even it sounds too easy and that's the reason why many newbies are getting hooked with trading and that's because they think it's easy but it is not.

What's your motivation?

I think that all of us are motivated with money, none other than that. We can tell that indirectly and tell other reasons like it's challenging, it's making you feel happy when you win those trades but it all resorts to earning money. But I don't trade daily anymore, I only trade when I think that I'm having a good entry and selling positions and that's most likely happening just like today when the market is down and for sure the next days, it will be better, better in profit taking. 

[Mahanton]

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..

I know a couple of people who pick interest in this event once they hear about it. It's normal we all love to make profit. Here's the link
https://www.bitget.site/support/articles/4407839277593-Bitget-Futures:-Futures-Trading-Bonus
Do further research to asserten that it meets what you're looking for.

Basing up on the link given then it do really shows up that it do really pertains about Futures trading on which this is something which isnt really that recommended specially for noob. This is why its not really that recommended that you would really be that directly be touching up this space on which we know that when it comes to this aspect then its not something that all traders will really be able to get a hold of.
Of course you would really be needing up to start up first with spot trade and make yourself sustainable before you would be considering on making up such step on going with futures.
We are all here on dealing up with this volatile market is just because of the profit that we could possibly be able to generate and this is something on which you would really be targeting into.

What's your motivation?

I think that all of us are motivated with money, none other than that. We can tell that indirectly and tell other reasons like it's challenging, it's making you feel happy when you win those trades but it all resorts to earning money. But I don't trade daily anymore, I only trade when I think that I'm having a good entry and selling positions and that's most likely happening just like today when the market is down and for sure the next days, it will be better, better in profit taking.  

It would really be a total lie that you would be saying that you arent that interested on making profits or the main reason on why you do trade. Making money is our main
priority and this is the main reason on why we are here and taking up such risks even on how volatile and unpredictable it would be. Its hard but its not something that impossible
for someone to be able to handle it out but of course it will really be that all depending on how well you do make those move and decisions as a trader on which we know that there would really be tons of factors
or things that could affect out our decisions. This is why its really that important that you are really sensible on the actions that you are taking because outcomes and results
will really be determining on how good you are on handling yourself towards this market and of course with a little bit mix of luck.

[Fredomago]

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.

Yup, I see your point whatever the venue was most people who take the risk are all after the potential amount that they'll be able to gain, most of those traders find different ways and plans different strategies to earn money from this investment, it motivates traders and investors to learn more as they know that with proper understanding and a good knowledge and skills may provide decent amount of benefits, more on that money involves that potentially be taken if you manage to learn the principle and the factors that affects market movements.

[hyudien]

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.

Yup, I see your point whatever the venue was most people who take the risk are all after the potential amount that they'll be able to gain, most of those traders find different ways and plans different strategies to earn money from this investment, it motivates traders and investors to learn more as they know that with proper understanding and a good knowledge and skills may provide decent amount of benefits, more on that money involves that potentially be taken if you manage to learn the principle and the factors that affects market movements.

It is undeniable that that is indeed our goal, which is to get some money from what we do. I don't think we should be hypocritical by saying no, because there is no other reasonable reason other than that. Everyone is competing and trying hard to find money, and when they see something that has the potential to bring it, then we will do it.
I agree with Op that basically we are greedy people, but what makes the difference is how we control that greed. People's abilities vary in controlling it, some can completely, some only half and even some people can't, it all comes back to each of us. However, we need to remember that greed will bring us into a bad situation or can even bring us to a slump.

[laijsica]

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.

Yup, I see your point whatever the venue was most people who take the risk are all after the potential amount that they'll be able to gain, most of those traders find different ways and plans different strategies to earn money from this investment, it motivates traders and investors to learn more as they know that with proper understanding and a good knowledge and skills may provide decent amount of benefits, more on that money involves that potentially be taken if you manage to learn the principle and the factors that affects market movements.

If you are ready to take risks, the trading will work for you and you will be ahead of the curve. At the same time systematic corrections. Focus primarily on modest portfolios or holdings that are built up through regular buy. Trading skills should be developed mainly from the holding stage as holding is important to ensure the correctness and fairness of your capital. The alternative to holding is simply HOLD to monitor market movements and prepare yourself accordingly as an experienced trader.

[mirakal]

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.

Yup, I see your point whatever the venue was most people who take the risk are all after the potential amount that they'll be able to gain, most of those traders find different ways and plans different strategies to earn money from this investment, it motivates traders and investors to learn more as they know that with proper understanding and a good knowledge and skills may provide decent amount of benefits, more on that money involves that potentially be taken if you manage to learn the principle and the factors that affects market movements.

It is undeniable that that is indeed our goal, which is to get some money from what we do. I don't think we should be hypocritical by saying no, because there is no other reasonable reason other than that. Everyone is competing and trying hard to find money, and when they see something that has the potential to bring it, then we will do it.
I agree with Op that basically we are greedy people, but what makes the difference is how we control that greed. People's abilities vary in controlling it, some can completely, some only half and even some people can't, it all comes back to each of us. However, we need to remember that greed will bring us into a bad situation or can even bring us to a slump.

Being greedy is the biggest enemy when trading. You lost your focus and you end up making impulsive decisions that will certainly lead to losses in trading. And because of greed, it will ruin your target goal in trading, that's why as much as possible, avoid being greedy at all cost. Although there's always greed deep within, but at least learn to control or lessen it. That way, our motivation to make potential profits with trading will certainly be reachable for us.

[passwordnow]

What's your motivation?

I think that all of us are motivated with money, none other than that. We can tell that indirectly and tell other reasons like it's challenging, it's making you feel happy when you win those trades but it all resorts to earning money. But I don't trade daily anymore, I only trade when I think that I'm having a good entry and selling positions and that's most likely happening just like today when the market is down and for sure the next days, it will be better, better in profit taking.  

It would really be a total lie that you would be saying that you arent that interested on making profits or the main reason on why you do trade. Making money is our main
priority and this is the main reason on why we are here and taking up such risks even on how volatile and unpredictable it would be. Its hard but its not something that impossible
for someone to be able to handle it out but of course it will really be that all depending on how well you do make those move and decisions as a trader on which we know that there would really be tons of factors
or things that could affect out our decisions. This is why its really that important that you are really sensible on the actions that you are taking because outcomes and results
will really be determining on how good you are on handling yourself towards this market and of course with a little bit mix of luck.

We need not to lie if the real motivation is about making profits. But before getting there, too much exposure of losses is about to be experienced by most of us. And that kind of motivation to face those challenges is there. You don't have to give up if you think that you have the potential to become a good trader because if not, you should transition into a holder and there's nothing wrong about that. It's way easier and the motivation has been the same, all you have to do is to buy more and that's the same as trading but you're more relaxed in doing it.

[tottong]

Being greedy is the biggest enemy when trading. You lost your focus and you end up making impulsive decisions that will certainly lead to losses in trading. And because of greed, it will ruin your target goal in trading, that's why as much as possible, avoid being greedy at all cost. Although there's always greed deep within, but at least learn to control or lessen it. That way, our motivation to make potential profits with trading will certainly be reachable for us.

Learn to control greed so that involvement in trading can be more responsible and most importantly trading is done using the right knowledge.
When involved in trading, one must understand very well that trading will not provide consistent profits because there are times when we will experience losses.
But what needs to be considered is how when we experience losses we can return profits in the next trade and so trading is run by experienced people.

Greed will always produce bad values because sometimes people have difficulty getting out of trading even though they have made a profit.
Greed will only accelerate someone getting a loss wherever and without exception when someone is involved in trading.

[Dr.Bitcoin_Strange]

Being greedy is the biggest enemy when trading. You lost your focus and you end up making impulsive decisions that will certainly lead to losses in trading. And because of greed, it will ruin your target goal in trading, that's why as much as possible, avoid being greedy at all cost. Although there's always greed deep within, but at least learn to control or lessen it. That way, our motivation to make potential profits with trading will certainly be reachable for us.

You are right mate, I believe the reason why some people prefer copy trading or bot predictions is because they can not make good trading decision without being caught up by their own emotions which can lure them into making a wrong decision that can  cause losses. While trading, some trader might have obtained a good amount of profit but because of greed, they would decide to stay longer on the trade and while doing so, they can experience a huge lose. Such lose is cause by greed.

[Fredomago]

Being greedy is the biggest enemy when trading. You lost your focus and you end up making impulsive decisions that will certainly lead to losses in trading. And because of greed, it will ruin your target goal in trading, that's why as much as possible, avoid being greedy at all cost. Although there's always greed deep within, but at least learn to control or lessen it. That way, our motivation to make potential profits with trading will certainly be reachable for us.

You are right mate, I believe the reason why some people prefer copy trading or bot predictions is because they can not make good trading decision without being caught up by their own emotions which can lure them into making a wrong decision that can  cause losses. While trading, some trader might have obtained a good amount of profit but because of greed, they would decide to stay longer on the trade and while doing so, they can experience a huge lose. Such lose is cause by greed.

Most of the time, greed really push you to change the direction of your plans, there are position which you already reached your target but instead of stopping you choose to keep trying to earn more, and in time that the direction of the market turns against you, that's the time that you really regret why you choose to stay instead of quitting and withdraw the money that you supposed to earn.

[Ahli38]

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?

If we talk about initial motivation then my answer is that because of the force of the situation and conditions I was only able to take this path. But the impetus for all of this begins with a need that must be met. Meanwhile, we don't have enough capital to do business in the real world. So at that time I preferred to start with high-risk trading such as crypto. I initially had difficulty but continued to study carefully. I started to get quite a lot of results. And made me decide to become a trader to this day. And the current motivation may be because it feels quite easy to make money through trading. Although the risk of losing is also quite easy. But as long as we have good risk management, we can avoid big losses. And in the end my biggest motivation is family. I have always been with my family every day so I am not used to being away from my family. So I am always looking for work that I can do while still being with my family and becoming a crypto trader is one of the choices I make. Even though I actually also have a business and other work online which of course I still work from home.

[Dr.Bitcoin_Strange]

Most of the time, greed really push you to change the direction of your plans, there are position which you already reached your target but instead of stopping you choose to keep trying to earn more, and in time that the direction of the market turns against you, that's the time that you really regret why you choose to stay instead of quitting and withdraw the money that you supposed to earn.

Exactly, greed also can make you not to accept the initial profit that you must have already earned. Greed can make the trader to overstay in a position that they are supposed to have exited and take profit first profit but because they are expecting a huge profit, they will not exit the trade until they lose the first profit. Greed can make the trade to use a big lot size or a leverage size.

[Awaklara]

If we talk about initial motivation then my answer is that because of the force of the situation and conditions I was only able to take this path. But the impetus for all of this begins with a need that must be met. Meanwhile, we don't have enough capital to do business in the real world. So at that time I preferred to start with high-risk trading such as crypto. I initially had difficulty but continued to study carefully. I started to get quite a lot of results. And made me decide to become a trader to this day. And the current motivation may be because it feels quite easy to make money through trading. Although the risk of losing is also quite easy. But as long as we have good risk management, we can avoid big losses. And in the end my biggest motivation is family. I have always been with my family every day so I am not used to being away from my family. So I am always looking for work that I can do while still being with my family and becoming a crypto trader is one of the choices I make. Even though I actually also have a business and other work online which of course I still work from home.

so you decided to trade because of the difficult situation you and your family are experiencing? how do you put yourself at greater risk when you are under pressure and you choose to trade crypto?
I'm sure the process is not easy and also not short until you say you get quite a lot of results.
so you are an online worker? you can do everything by always being close to your family. I just hope you have good financial management for your trading. don't let your other businesses become donors from the trading you do. the trading you do must generate its own profit.

[Dewi Aries]

Most of the time, greed really push you to change the direction of your plans, there are position which you already reached your target but instead of stopping you choose to keep trying to earn more, and in time that the direction of the market turns against you, that's the time that you really regret why you choose to stay instead of quitting and withdraw the money that you supposed to earn.

Exactly, greed also can make you not to accept the initial profit that you must have already earned. Greed can make the trader to overstay in a position that they are supposed to have exited and take profit first profit but because they are expecting a huge profit, they will not exit the trade until they lose the first profit. Greed can make the trade to use a big lot size or a leverage size.

Yes you said something right about the impact when we are unable to ignore the greed that arises in the mind, simply the point is greed will make someone lose something they should have gotten before, so never try to exceed everything when it has become your portion.
I understand that we never know about the right portion size, but by having a plan and being realistic I think you should have a plan about when is the best time for you to stop and secure profits.
Actually on the other hand it is okay to apply greed as long as we are able to accept the fact of regret, but in most cases the majority of them always find it difficult to really be open-minded, so it is better to be grateful for any amount of profit as a form of appreciation for the efforts we have made in analyzing the market.

[bitgolden]

you said something right about the impact when we are unable to ignore the greed that arises in the mind, simply the point is greed will make someone lose something they should have gotten before, so never try to exceed everything when it has become your portion.
I understand that we never know about the right portion size, but by having a plan and being realistic I think you should have a plan about when is the best time for you to stop and secure profits.
Actually on the other hand it is okay to apply greed as long as we are able to accept the fact of regret, but in most cases the majority of them always find it difficult to really be open-minded, so it is better to be grateful for any amount of profit as a form of appreciation for the efforts we have made in analyzing the market.

Greed is not always that easy to stop, sometimes you do not realize that it's greed and that's why you do it. I understand that it may not be that great, but it can be done and I think that's the whole point. I believe that we are going to see a potential profit somewhere and we will try to take it but it is not going to matter that easily. This is why we should consider maybe putting up something like this and could make some profit from it as well.

However, it ends up being a loss because we do not realize that we were too greedy and went too overboard with what we should be doing, which causes us to lose a lot more than what we should be earning.

I believe that it will get to a point where we will be doing fine, without any of these issues, we just need time to fix out mentality about it. Greed when it's done a lot is a bad thing, but greed when it's done in a sensible way is not that bad and could be a great thing to do, I believe that we can make that better. We should consider this as a good thing, we can't really assume that it will be that great or terrible, it won't be that simple and we should be considering this as something that will take a while and can't really be done easily.

[Ahli38]

...

so you decided to trade because of the difficult situation you and your family are experiencing? how do you put yourself at greater risk when you are under pressure and you choose to trade crypto?
I'm sure the process is not easy and also not short until you say you get quite a lot of results.
so you are an online worker? you can do everything by always being close to your family. I just hope you have good financial management for your trading. don't let your other businesses become donors from the trading you do. the trading you do must generate its own profit.

Nothing is really easy at all. I remember also telling about my condition at the lowest point in my life on this forum. But I forgot on which topic I wrote my reply and wrote about my experience. But what is certain is that the situation at that time really left me without many choices. But I used my capital not only to enter the market, but I even entered study classes and found mentors and I even got into the situation of sharing material insights related to trading with other people to get additional capital. I started with small capital so I didn't worry too much at that time.

Sometimes at our lowest point we can take quite reckless actions. It's just that being brave doesn't mean you have to be careless. We have to start with the right stage. In my first year I experienced quite exciting ups and downs. But in the second year and beyond I started to find stability. when I started to get used to emotional management, money management and risk management. I even began to understand that technical, fundamental and sentimental analysis can sometimes be wrong. Because in the market there are games being played that make the market difficult to predict. But we can understand market habits as we spend more time in the market each day.

Thank you brother for the suggestion. and actually I'm always happy when someone gives me advice.

[Fredomago]

Most of the time, greed really push you to change the direction of your plans, there are position which you already reached your target but instead of stopping you choose to keep trying to earn more, and in time that the direction of the market turns against you, that's the time that you really regret why you choose to stay instead of quitting and withdraw the money that you supposed to earn.

Exactly, greed also can make you not to accept the initial profit that you must have already earned. Greed can make the trader to overstay in a position that they are supposed to have exited and take profit first profit but because they are expecting a huge profit, they will not exit the trade until they lose the first profit. Greed can make the trade to use a big lot size or a leverage size.

And like what I've said it brings regret after, upsetting your own position mostly happens either you overexcite yourself with the market movements that influence greeds inside you, though some traders manage to work well dealing with fluctuations and they really love volatilities and some successful traders has been motivated by success and how they keep working adding knowledge about the market and makes them more profitble along the way.

[Dewi Aries]

you said something right about the impact when we are unable to ignore the greed that arises in the mind, simply the point is greed will make someone lose something they should have gotten before, so never try to exceed everything when it has become your portion.
I understand that we never know about the right portion size, but by having a plan and being realistic I think you should have a plan about when is the best time for you to stop and secure profits.
Actually on the other hand it is okay to apply greed as long as we are able to accept the fact of regret, but in most cases the majority of them always find it difficult to really be open-minded, so it is better to be grateful for any amount of profit as a form of appreciation for the efforts we have made in analyzing the market.

Greed is not always that easy to stop, sometimes you do not realize that it's greed and that's why you do it. I understand that it may not be that great, but it can be done and I think that's the whole point. I believe that we are going to see a potential profit somewhere and we will try to take it but it is not going to matter that easily. This is why we should consider maybe putting up something like this and could make some profit from it as well.

However, it ends up being a loss because we do not realize that we were too greedy and went too overboard with what we should be doing, which causes us to lose a lot more than what we should be earning.

I believe that it will get to a point where we will be doing fine, without any of these issues, we just need time to fix out mentality about it. Greed when it's done a lot is a bad thing, but greed when it's done in a sensible way is not that bad and could be a great thing to do, I believe that we can make that better. We should consider this as a good thing, we can't really assume that it will be that great or terrible, it won't be that simple and we should be considering this as something that will take a while and can't really be done easily.

Yes I also understand about that and it is true that there are some difficult parts where practicing is always much harder than saying, and also the problem is yes as you said that sometimes we do not realize that we are implementing greed, and that does happen, I will not say that it is the right action because in the end it always leads someone to regret, but as humans sometimes we are not always aware of what we are actually doing.

But on the other hand I still think that incident should not have happened, or not happened to you too often, because after all as we know that in trading someone must first prepare everything such as planning and risk management for example which one of them is implementing take profit and stop loss, both of these things have an important role to make you stop at the right time, meaning I believe that traders who always find it difficult to ignore their greed are those who do not implement the planning until they are finally carried away by the flow of greed.

[Natalim]

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.

I think that's what majority of the traders are the topmost motivation. If you trade and succeeded, you will earn decent profits that will lead you living your life comfortably and with great convenience doing trading even at the expense of your home. As long as you know how to trade with an advantage, meaning you trade with high knowledge and with highly working strategy, you will definitely achieve your ultimate goal in trading, which is to make consistent significant income more than what you made from your day job.