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Trading for profit or entertainment
Started:August 30th, 2012 (08:43 PM) by dario1 Views / Replies:1,151 / 12
Last Reply:September 5th, 2012 (09:41 PM) Attachments:0

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Trading for profit or entertainment

Old September 5th, 2012, 09:24 PM   #11 (permalink)
Elite Member
desert CA
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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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Old September 5th, 2012, 09:30 PM   #12 (permalink)
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Chicago Illinois USA
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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 09:44 PM.
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Old September 5th, 2012, 09:41 PM   #13 (permalink)
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Washington DC
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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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