To become a better trader: Passionate vs Making Money

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.
 
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.
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another good answer
 
Trading is about 2 things:

1. Figuring out what needs to be done to give you a long term edge
2. Having the psychological discipline to stick to it

That's it. Whether or not you're passionate and/or want to make money is largely irrelevant.
 
Quote from Ghost of Cutten:

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

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