NexusFi: Find Your Edge


Home Menu

 





Why trading?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one capitalistdog with 2 posts (0 thanks)
    2. looks_two Anagami with 1 posts (0 thanks)
    3. looks_3 deaddog with 1 posts (1 thanks)
    4. looks_4 CLNymex with 1 posts (0 thanks)
    1. trending_up 1,705 views
    2. thumb_up 4 thanks given
    3. group 8 followers
    1. forum 7 posts
    2. attach_file 0 attachments




 
Search this Thread

Why trading?

  #1 (permalink)
 capitalistdog 
Minneapolis
 
Experience: Intermediate
Platform: TOS, NinjaTrader
Trading: Emini ES
Posts: 24 since Jan 2017
Thanks Given: 29
Thanks Received: 18

Why did you decide to become/want to become a trader? Yes to make money, but there are lots of ways to do that.

Why trading?


Sent from my iPhone using futures.io

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Are there any eval firms that allow you to sink to your …
Traders Hideout
Futures True Range Report
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
need some ninjascript help
Traders Hideout
 

  #2 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
Posts: 644 since Nov 2011

My background is software engineering and reading the market was different and seemed to maximize my cognitive strengths. It was refreshing, and I seemed to be talented at it. Beyond that, one of my mentors instilled in me a type of belief that trading was nearly impossible and that seemed to make it more relevant that I might be talented at it. High level trading requires focus and focus is associated with consciousness and consciousness is a self-rewarding state. So, yes basically flow states. Sure and you can achieve that programming too, and so it is natural also for me to build systems.

Let me give you an analogy, I used to work in contracting as a software engineer. Some of these were jobs high stress positions where I had to perform and solve the problems within a few hours or risk being sent home on the spot. In one job, the other lead developer would always come into work in the morning and it was clear he was worried. But, I could see the worry just melt away when he started to program because he became exclusively focused and couldn't afford to worry. He became free, in a way for a short time.

And, great discretionary trading is of the same vein. Great trading requires absolute focus and that frees oneself from the normal worries and pains of life for a brief time.

Reply With Quote
  #3 (permalink)
 capitalistdog 
Minneapolis
 
Experience: Intermediate
Platform: TOS, NinjaTrader
Trading: Emini ES
Posts: 24 since Jan 2017
Thanks Given: 29
Thanks Received: 18


That is fascinating - thank you! Although I do not have your background, I can relate to the flow.


Sent from my iPhone using futures.io

Started this thread Reply With Quote
  #4 (permalink)
CLNymex
Mumbai, India
 
Posts: 19 since May 2018
Thanks Given: 0
Thanks Received: 17

Trading is the mirror that brings out the real you right in front of you. Everyday. So you know what needed changing, what needed replacing and what needs improving; or what needs to be dropped altogether.

I have traded more for this reason than any other. In any case money is just an outcome of trading. It is not trading. To me trading is simply numbers in motion.

Reply With Quote
  #5 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,283 since May 2013
Thanks Given: 183
Thanks Received: 3,962


capitalistdog View Post
Why trading?

Sent from my iPhone using futures.io

I need more than interest on my capital to support my lifestyle.

I would just as soon work for myself. I choose when and where I want to work.

I couldn’t find a portfolio manager who would take better care of my capital than myself.

Trading gives me something to do with my time.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Reply With Quote
Thanked by:
  #6 (permalink)
Hulanim
Pskov Russia
 
Posts: 2 since Dec 2019
Thanks Given: 0
Thanks Received: 1

Nowadays, distance professions are particularly popular. And trading can provide you with the opportunity to make money under any circumstances.

Reply With Quote
  #7 (permalink)
 
Anagami's Avatar
 Anagami 
Cancun, Mexico
Legendary Market Hustler
 
Experience: Advanced
Trading: MES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300


capitalistdog View Post
Why did you decide to become/want to become a trader? Yes to make money, but there are lots of ways to do that.

Why trading?


Sent from my iPhone using futures.io

No choice. Trading chose me. I don't recall making any such conscious choice and yet here I am, 17 years later.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
Reply With Quote
  #8 (permalink)
Dolas
Ede Netherlands
 
Posts: 4 since Jan 2020
Thanks Given: 0
Thanks Received: 1

This is an interesting and promising business direction.
And it gives you absolute freedom and independence.
So, why not???

Reply With Quote





Last Updated on April 30, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts