What motivates you as a trader?

[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.

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.

Yea, anyone that choose to be greedy or take a harsh decision on their trade must be ready with the stomach to accommodate the outcome of their actions. Months ago, I created a thread regarding how I allowed myself to lose the previous profit I made from my trade and the cause of my lose was because I made a bad decision. After making some profits earlier, I should have stopped and repeat back the next day but I didn't stop and that was what resulted to me losing all the profit I made earlier.

[Fredomago]

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.

I go with that kind of motivation if you keep succeeding in whatever patterns or strategy that you are using, it will lead you to keep pushing your interest and will allow you aim for more, though that's a good factor but without good emotional control it might ruined your chances, you just need to stay with how you design everything that might keep you on track of your potential benefits. That will allow you to prevent or avoid any exceed greediness that may lead you to fall and made a big mistakes.

[atookz]

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?

Everyone must have motivation as a trader, and I believe the most important motivation is money. All traders definitely want to make a profit so they can make more money by becoming a trader.

But there is something else that motivates me to continue trading. I am more interested in trading psychology because it has an impact on myself. Trading activities in my opinion are very good for training patience and emotion. This affects me to have the ability to control myself and changes me into a more patient and disciplined person.

[Dewi Aries]

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.

Yea, anyone that choose to be greedy or take a harsh decision on their trade must be ready with the stomach to accommodate the outcome of their actions. Months ago, I created a thread regarding how I allowed myself to lose the previous profit I made from my trade and the cause of my lose was because I made a bad decision. After making some profits earlier, I should have stopped and repeat back the next day but I didn't stop and that was what resulted to me losing all the profit I made earlier.

Yes, the point is that we or a trader must always be aware of the risks, do not only think about the profit opportunities because it is clear that trading will always be a risky activity, especially when you fall into various impulsive actions due to being carried away by emotions or due to not being able to ignore greed for example.
When you treat trading in that way, I think it's the same as gambling, and as you experienced where you continued the session when you had already made a number of profits, I think one of the reasons is because your level of discipline decreased at that time which was caused by you being too focused on getting a larger amount of profit which encouraged you to make decisions at the wrong time.
Therefore, this is why a trading plan must really be owned and maintained by a trader, along with maintaining discipline in the sense that when you have reached your daily target, stop.

[uswa56]

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?

Everyone must have motivation as a trader, and I believe the most important motivation is money. All traders definitely want to make a profit so they can make more money by becoming a trader.

But there is something else that motivates me to continue trading. I am more interested in trading psychology because it has an impact on myself. Trading activities in my opinion are very good for training patience and emotion. This affects me to have the ability to control myself and changes me into a more patient and disciplined person.

When you want to make money from the trading you do, of course you must first have the right ability and knowledge of trading, because it is very unlikely that someone can make money from trading without the right ability and knowledge of trading.
As a trader, of course, you must be able to control their emotions well, because everything can happen in trading and we must be ready for the situation, especially when we are experiencing failures that make it difficult for us to control our emotions, but by practicing often, of course, it will be easier for us to handle these conditions and I agree with you with trading will certainly make us more disciplined and patient,  Because in trading we must always monitor market conditions before making a decision.

[irhact]

Yea, anyone that choose to be greedy or take a harsh decision on their trade must be ready with the stomach to accommodate the outcome of their actions. Months ago, I created a thread regarding how I allowed myself to lose the previous profit I made from my trade and the cause of my lose was because I made a bad decision. After making some profits earlier, I should have stopped and repeat back the next day but I didn't stop and that was what resulted to me losing all the profit I made earlier.

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.

[justdimin]

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.

That is unfortunately the problem that many of the trades face, they do know what stop loss is, but they do not use it because they are too confident in their abilities. Not a lot of people use every tool available to make some money, you could use so much to be making sure that you do not lose money but they do not and they are usually the newbies, they do not check every box before they make some judgement call and because of that they end up losing some money to it as well.

I believe that we are going to end up with a loss, and we should be careful with it, I can't say that it is going to go great, we are going to probably face some issues and we should be more careful about it as well. We will definitely get better results if we know what we are doing.

[betswift]

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.

I agree that it usually doesn't end well.
Only through experiencing bad situations and climbing out of them learning something new and how to avoid them can a trader become better in what he does.
That's my opinion.

[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.

I agree that it usually doesn't end well.
Only through experiencing bad situations and climbing out of them learning something new and how to avoid them can a trader become better in what he does.
That's my opinion.

Exactly if after failing you bring that learning experienced to do better, that's the time where you can possibly developed your knowledge and will give you hints when to position yourself, though it's not an assurance but can be use as basis of potential similar outcome that may take place, from that point, your anticiaption will grow and you will start to aim for more knowledge while you are in the process of establishing your own patterns and strategies, all will be concluded after you begin earning your success.

If bad outcomes gives you the will to continue imporving yourself, and instead of living with regrets but moving forward with better outlook for your potential success that's a kind of motivation that will lead you to become more reliable and will possibly bring you to the position that you are aiming for.

[yudi09]

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

The money from there turns into Bitcoin.
Simple, just to be able to make a little profit that I then convert into Bitcoin as an asset. This is my crypto trading motivation, bro.
The little by little addition of profits from trading crypto coins will make me happy when the amount of Bitcoin can increase from several ways including from crypto trading.

[Gladitorcomeback]

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.

To be honest, I wouldn't recommend this practice to newbies because a newbie losing 10% of their invested capital would barely be able to recover that easily because they won't have enough knowledge about the market. Those who are new in the market should only buy and sell coins and tokens that are well-known so that they don't lose any money by having to use stop-loss. If you are new to the market, just buy Bitcoin, Ethereum, or any other famous cryptocurrency and sell it when it goes higher.

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.

[stadus]

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?

Everything you've mentioned has definitely motivated traders to pursue trading despite of the risks and the market volatility it has to offer. And as long as there are people who claimed to have succeeded in trading and are now enjoying the comfort of their lives, then most likely a lot of aspiring traders will continue to risk in trading until success comes into fruition.

[Dr.Osh]

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?

Everything you've mentioned has definitely motivated traders to pursue trading despite of the risks and the market volatility it has to offer. And as long as there are people who claimed to have succeeded in trading and are now enjoying the comfort of their lives, then most likely a lot of aspiring traders will continue to risk in trading until success comes into fruition.

well, besides that, the profit potential of trading is almost unlimited. It could mean that with a capital of $10, it could become $1000, although it takes an indefinite amount of time with the risk of losing $10. Many people still make a profit in trading, and as long as it still provides profit, then people will be motivated. So, I think, the motivation that makes people still trade until now is because trading still provides income, even though there is a risk from it.

[tabas]

Everything you've mentioned has definitely motivated traders to pursue trading despite of the risks and the market volatility it has to offer.

Definitely, all of those, the feeling of success and good trades and accuracy of each trade that we make, that's what the majority of us are motivated for.

And as long as there are people who claimed to have succeeded in trading and are now enjoying the comfort of their lives, then most likely a lot of aspiring traders will continue to risk in trading until success comes into fruition.

I am seeing a lot but those that are real successful won't put themselves into any public appearance or even on social media. Many of these traders were successful people because of trading and their lives were changed. It's just sad that the others have gone south and they have other motivation for doing it, it's still related to trading but guess what, they've became trading gurus overnight and won't trade anymore because enrolment classes fee are the ones that became their bread and butter.

[ndutndut]

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?

The motivation is of course to gain profit and want to achieve financial freedom in old age. Because with Trading or investment we can achieve all that by setting certain goals that we want to achieve within a certain period of time.

The sensation of trading is certainly also a factor because with trading or investment we can control our emotions, we must also control our minds and never give up. Just like in a fight or war, we must accept defeat calmly and continue to fight. The sensation we get from trading is learning to never give up, never feel comfortable and we must have self-confidence.

[doomloop]

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

The money from there turns into Bitcoin.
Simple, just to be able to make a little profit that I then convert into Bitcoin as an asset. This is my crypto trading motivation, bro.
The little by little addition of profits from trading crypto coins will make me happy when the amount of Bitcoin can increase from several ways including from crypto trading.

The basic motivator is profits, and I believe it's common for every trader. I can't think of any other thing that can motivate a trader to continue trading. I don't think someone will keep trading if they are constantly losing money because that will demotivate them if you can see something isn't working out for you and you are losing value instead of gaining anything, you will feel you shouldn't keep doing it because there is no point.

When a trader gets their first profit from trading, they feel extremely happy, and those initial profits boost their confidence and motivate them to work harder on their trading activities, they start learning more to improve their knowledge and understanding so that they can continue getting profits.

So undoubtedly, profits are the primary motivation for a trader to continue trading and working hard on their trading.

[mirakal]

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.

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. 

[Jegileman]

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?

Money money money is what makes me happy at trading. My initial thought of joining trading was to make money, so I don’t see any other thing that will make me happy asides the money I’m making at trading in the market. Some may say if their set up goes well as analysed several times, it gives them joy that they’ll be profitable but my joy at trading is making that bucks of money. Even if you analyse as much as you want, if you’re not placing those trades and making the money, you’ve not done anything and will not be happy in the end.

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.

The same thing that nothing good comes that easy is the case of trading. Even though the money is what makes everyone happy, you must have that knowledge in order to be profitable. You can’t just be guessing the market and playing trades and hope that you’ll make it at trading. It doesn’t work that way and for those that follow this pattern, they’ve lost a lot and will continue losing until they gain this knowledge.

[Fredomago]

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.

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.

[Dewi Aries]

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.