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Trading for profit or entertainment
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Created: by dario1 Attachments:0

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Trading for profit or entertainment

  #11 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
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I'd agree there could be a case where some traders trade for the thrills maybe unconsciously or unintentionally.
I had watched a trading guru's video where he said there could be various reasons for trading. To show
an example of a trading "thrillseeker" he mentioned a story about having met a wealthy doctor that would
enjoy showing visitors his high-tech trading setup where there would be multiple rooms and stations of multiple monitors for trading but he wasn't a CP trader at that point, but he had a "professional trading office/business" in his house

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  #12 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,071 since Aug 2011
Thanks: 967 given, 2,629 received

Nonsense...

One reason and one reason only. What was described with the "wealthy doctor" was both arrogance and insecurity. The good doctor was not trading, rather creating the impression that he was trading...duh. Buying or selling between patients is not trading. The home office is just an arrogant show so that there could be the appearance or image. Trading is not building bird houses...ridiculous

trading is like politics...any freaking fool can get involved.


Last edited by wldman; September 5th, 2012 at 10:44 PM.
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  #13 (permalink)
Elite Member
Washington DC
 
Futures Experience: Beginner
Platform: NinjaTrader7
Favorite Futures: ES
 
Posts: 71 since Oct 2010
Thanks: 98 given, 76 received

You should get entertainment from something that makes you money


I trade for profit, but I also trade to see how my "intellect" measures up to the rest of the traders out there--from that perspective I honestly do derive entertainment, it's like a big game with ever changing rules. For me, winning is defined as making consistent money, not necessarily how much you make, so there can be lots of winners (even though we know only about 5% are winners). When I think about it like that, it becomes more fun when I start to get bored in front of my screen. I try to remind myself this before I get anxious and enter trades that I know I shouldn't enter (it usually works). So it should really be both from my perspective.

You should be trading if it makes you happy/entertained and money (consistently).

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