HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Trading for a Living ›› Psychology ›› To become a better trader: Passionate vs Making Money  


Post A Reply
    Page 5 of 10:   1  2  3  4   5  6  7  8  9  10  
emg
 

Registered: Feb 2010
Posts: 5322

 

07-06-11 10:19 PM


Quote from Ghost of Cutten:

How many really successful people don't have a passion for what they do? Passion is essential IMO.



there is a big difference between passionate trader vs making money trader.

If a guy answer he is passionate to make money, that tells u he is a gambler and gambler is a loser.

big difference

    Edit/Delete Quote Complain
bone
ET Sponsor

Registered: Apr 2002
Posts: 4329

 

07-06-11 10:32 PM

The money is just a natural byproduct of seeing the markets correctly and trading well.

I have never seen someone say to themselves: "I need to make $10K today, bills to pay" and then squeeze $10K out of the market that day.

In fact, speaking for myself, whenever I force a trade nothing good really comes of it.

It would be a very reasonable expectation, however, to correctly interpret the market price action, follow your trading plan quite well, and be positive P&L for the day. Do it consistently, and it becomes a living.

__________________
Spread, Relative Value, and Correlation Trading Instruction from a Professional Trader. The only thing that matters are Clients making money IN LIVE MARKETS. Why not interview my clients for yourself on an independent basis. My typical client is an outright directional trader looking to pick up an industry-recognized specialty technique. http://www.spreadprofessor.com

    Edit/Delete Quote Complain
WS_MJH
 

Registered: Feb 2011
Posts: 275

 

07-06-11 10:45 PM


Quote from the1:

You have to be passionate about it because there is a long painful learning curve and if trading isn't all you've ever wanted to do you'll never get past that stage. Once you get past that stage then it's all about the money.



+1000

Remember trading is like any other trade or business, you've got to start and pay your dues. If you love this work, you'll gladly pay the dues (and for most it's long and hard) and build your foundation. After that has happened, profitability is just a natural result. There are many people who say they're failed traders. The most important thing is to not trade before you're ready with real money. Take your time and do things right.

    Edit/Delete Quote Complain
marketsurfer
 

Registered: Apr 2002
Posts: 5459

 

07-06-11 11:20 PM

If you are passionate, you will lose.

The market is strangely most attractive to those least suited for it.

The market is a means to an end.

Surf

    Edit/Delete Quote Complain
Larson
 

Registered: Jul 2010
Posts: 1073

 

07-07-11 03:29 AM


Quote from marketsurfer:

If you are passionate, you will lose.

The market is strangely most attractive to those least suited for it.

The market is a means to an end.

Surf




Trading is the cold , hard business world multiplied. Gamblers and dreamers lose.

    Edit/Delete Quote Complain
cooolweb
 

Registered: Sep 2010
Posts: 591

 

07-07-11 04:47 AM


Quote from Larson:

Trading is the cold , hard business world multiplied. Gamblers and dreamers lose.



+correct. Trading = Business * Leverage.

    Edit/Delete Quote Complain
    Page 5 of 10:   1  2  3  4   5  6  7  8  9  10  
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider