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What's the purpose of trading?

  • #21
  • Jul 21, 2020 6:55am Jul 21, 2020 6:55am
Quoting 4for4
{quote} Keep trying ... No other business allows us to practice until we are skillful without any money but our time ...
You're right that is of course true, but that transition from demo to real money is a huge leap,. Too much for many and they come unstuck
  • #22
  • Jul 21, 2020 7:15am Jul 21, 2020 7:15am
Quoting rover99x
{quote} You're right that is of course true, but that transition from demo to real money is a huge leap,. Too much for many and they come unstuck
If it’s too much, then they made a “bad” choice ... (making a choice they can’t really afford) ...
Market is not random but unpredictable
  • #23
  • Jul 21, 2020 8:04am Jul 21, 2020 8:04am
Quoting CeeSo
This is a really good question. The purpose of trading for most retail traders is to give them a Dopamine rush. Trading is like a drug it makes you high however the funny thing is you get high from the decision to place a trade, not from the outcome of the trade. So therefore most retail traders make way too many decisions and lose all their money because they are chasing that Dopamine High. Once you get past this and accept this as a reality you can begin to change the way you think about Trading and start to take control over your decisions but...
So much true facts! Nice post man.
There is no try
  • #24
  • Jul 24, 2020 1:27pm Jul 24, 2020 1:27pm
Quoting CeeSo
The real reason you want to trade is to find chart or fundamental indications of what smart money is doing so you can do it with them.
Amongst other things, I agree with this the most.
  • #25
  • Jul 25, 2020 6:16am Jul 25, 2020 6:16am
Quoting Deepak.Dubey
{quote} Amongst other things, I agree with this the most.
He just said how to trade, not why we trade. That's two different things.
There is no try
  • #26
  • Jul 25, 2020 5:12pm Jul 25, 2020 5:12pm
Well, if you reference the Futures market, trading is actually largely responsible for the price of many things that we consume, such as oil, agriculture, etc. There is basically a supply and demand as you know, and the traders move prices naturally, which in turn affects the price for the consumer. As for stock/currency markets, idk if we really have as much of an impact haha.
  • #27
  • Jul 25, 2020 9:04pm Jul 25, 2020 9:04pm
If that "rush" is in a trader's motivation and it is a habit, that can be very hard to break. That is a feeling that becomes the goal of the limbic/feeling part of the brain, which overcomes the thinking prefrontal cortex and there goes reason and rational thought. Only when the pain of this habit gets so great that a trader makes hard changes is when there is potential for rational, reasoned trading. I've been through this, it can be devastating. I wish I didn't know this.
big money makes big moves and then hides during small money chasing.
  • #28
  • Jul 26, 2020 6:52am Jul 26, 2020 6:52am
Quoting corrman
If that "rush" is in a trader's motivation and it is a habit, that can be very hard to break. That is a feeling that becomes the goal of the limbic/feeling part of the brain, which overcomes the thinking prefrontal cortex and there goes reason and rational thought. Only when the pain of this habit gets so great that a trader makes hard changes is when there is potential for rational, reasoned trading. I've been through this, it can be devastating. I wish I didn't know this.
Haha, that rush is certainly addicting though!
  • #29
  • Jul 27, 2020 2:34am Jul 27, 2020 2:34am
Trading is like any other job, of course, to make money. But the particular thing is business, there are risks at all
  • #30
  • Jul 27, 2020 2:38am Jul 27, 2020 2:38am
I trade to afford better hookers.
The only system that will work is one designed by and for yourself.
  • #31
  • Jul 29, 2020 2:14am Jul 29, 2020 2:14am
Quoting Wise-Jedi
Hi everybody. First of all I'm sorry if this question has been asked somewhere. I was wandering what's the purpose of trading? I mean, every job has a purpose: the lawyer defend someone, the doctor saves human lives... Even a football player has a public to refer to, without public he wouldn't be famous. Hedge funds traders and all non-retail traders basically trades money of other people, or banks or whatever. We, as retail traders, who aspire/are doing this as a full-time job what purpose do we have to do this? There isn't any social utility into...
we contribute liquidity to the system so that others (exporters, farmers, investors, pension funds, etc...) can leave their positions and there is stability for the system.
trading is like dancing, don't think and just listen to the music!
  • #32
  • Last Post: Jul 30, 2020 10:57am Jul 30, 2020 10:57am
Not all of us set specific goals in trading, and this is very bad.
A trader who has set a goal and developed a variant of its achievement, fights more easily with his fears. Learning from our own mistakes, as well as analyzing his successful and unsuccessful deals, we can gain the appropriate experience, which is so necessary in any business. By improving its own trading technique and adapting it to personal strategies and trading techniques, as well as determining the trading signals, a person can definitely progress in this direction. Such a trader will realize his own goal by detecting settings, ideas and methods. And then it is quite probable that he will be able to reach even higher peaks than even those he sought before.
Everyone knows that productivity depends on the set goals. However, not everything ends only with the setting of financial and trading goals. After all, you should have a clear picture of how to do it.
Set any real goal, well, for example, to improve your financial situation in three times in 3 years. And remember, to achieve results, you need to focus on your goals and your trading abilities. Only in this case you can expect positive results. This is my purpose of trading.
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