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Why do you trade?

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In no particular order:

1. I like the challenge of trying to extract consistant profits from the Mrkts.
2. I find the Mrks in general a fascinating subject so from that sense it is like a hobby (although I try to treat it like a business)
3. It keeps my brain active !!!!
4. Once the "skills" of successful trading are learnt, all I then need is some capital, a pc and a internet connection. This means that I should be able to trade throughout my life and well into retirement and hopefully offer me a reasonable and regular income.
 
Like:

1. Freedom to live anywhere I want.
2. Challenge.
3. Total responsibility for my own actions and result, less black swans.
4. Sitting around all day in boxer shorts and a bonds singlet.
5. Bar opens early.


Don't like:

1. Lack of people contact, hence the time I spend here.
2. Tendancies to be too materialistic.
3. Friends outside the market thinking I'm materialistic.
4. Black swans.
5. Lessons unlearnt.
6. Tax.
7. Bar closing too late.
 
Mobility, it gives me freedom to move around (live anywhere) while still having an income.
Also I have always had a fasination with the markets, the way they work, the people, the flow of money.

this is only part of my income stream but they all have one thing in comon mobility.
 
I've always been fascinated with the markets, even as a kid so that's why I started.

I continue to trade because I believe I'm better at it than most.
 
tech/a said:
A part incidentally which has shown me more about myself than any other endeavor. The lessons learnt have helped me in ALL aspects of life
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Interesting tech.

What has trading shown you about yourself and how has that helped in other aspects of your life?

Kennas, bar opens early and bar closes too late, ha ha ha ha ha, classic!!!!

1080p I'm surprised more didn't just start because of the fascination with it. It's the ONLY reason I started, the money aspect wasn't even on my radar.
 
What has trading shown you about yourself and how has that helped in other aspects of your life?
Click to expand...

In brief (Without too much explanation).
These were the areas of improvement in my personal skills my journey in trading has shown me.

(1) Increase organisational skills
(2) Increase analytical skills
(3) Identification and quantification of risk.
(4) Adaptation.
(5) Thinking in multiples of R/R in everything. EG forget wife's birthday Risk far outweighs reward!
(6) Understanding HOW to set a strategy up for profit.
(7) The true value of the Pareto Principle (80/20 rule.)
(8) Time frames. If it matters today will it matter tomorrow or in a year.
Somethings do somethings don't. Take note of those things that do matter in longer time frames. Every time frame has its place and cause and effect. Don't sweat the small stuff.
(9) Knowing when to hold and when to fold.
(10) Decisive decision making.
 
You should have joined the Army and went to Duntroon tech. You learn all that in 18 months...

Not sure about the RR and wifes birthday present. More to do with capturing and killing the enemy...
 
Naked shorts said:
Its hard for me to get along with new people who are not in the business
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Why What does it matter what someone does during the working hours or even why would anyone want to surround yourself with the same people you work with. Career doesn't make the whole person, and if it does they are likely to be shallow and boring as all hell.
 
I trade/invest for the challenge.

So far it is the only thing i have not been able to become relatively good/above average at in a short period of time. Most other things challenge me for a little, but then i find it easy/normal after a short time period (sports excepted, hence why i also play sports).

Perhaps i just get bored easily... but the market is so dynamic it's never boring.
 
prawn_86 said:
Perhaps i just get bored easily... but the market is so dynamic it's never boring.
Click to expand...

Yeh, I think this is the same for me, the markets provide a constant source of information and challenge. If I am not stimulating my brain somehow, I go insane from boredom!
 
I love probability theory. Markets are the most obvious expressions of such - even with the most incorrect expressions of it present.
 

TH you are right, its just there are lots of misconceptions out there about what "market people" do. After some time, it can get rather annoying dealing with it. I'm rather young aswell so i get a few people trying to tell me what i should do with my life like I'm some kind of idiot (it normally always includes some kind of boring, "get a degree, get a job, get a wife, get some kids, dable in the stock market ala warrenbuffet, buy a house and become a RE tycoooon, retire, see the world, die").

Like tech said:
"YOU can CHOOSE to exist or LIVE life."

I would much rather take the path less taken, but in meeting the working class, they try to convince me that what they have done in life is best (In my view they are just trying to convince themselves).
 
ha ha, yeh, I had mates called me a bum and a hermit when I quit work to trade and immerse myself in the markets.

It's why I loved the saying as my signature when I saw it. My life, I will die it, so I may as well live it myself.

Don't regret a thing.

Think walking around the City every single day, how lucky I am to actually enjoy what I do every single day of my life. Even now when I'm on holidays, it's a good feeling knowing when that ends, that I'm simply going back to something I love, not 'work' per se.

Do what you want Shorts, I don't care much for opinions, and neither should you. It's your life, if you trade and fail spectacularly in the end, so what? What a life you would have lived!
 
To be profitable - that's it in a nutshell.

The game factor is cool - but I can think of other stuff I would rather be doing.
 
tech/a said:
(7) The true value of the Pareto Principle (80/20 rule.)
Click to expand...

Ah indeed. 80% of your profits come from 20% of your winners but you still need to partake in the other 80% of trades or else it don't pay.
 
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