What is Motivation in Trading?

[easymon1]

For me, it is keeping track of all my performance and regularly reviewing my mistakes because if one is thorough in what he or she is doing then they will be motivated and try not to commit the same mistakes again.

+1
I find that tracking errors on pencil and steno pad in an 'error log' quickly eliminates the need to "try" not to commit the same mistakes. If ya just write down the error, by the end of the week you'll remember the repeat errors, but it can be informative to keep the dated log for quarterly summaries to see and recollect what cost you the most, what happens a lot but ain't no big deal and whatnot.
What worked, what didn't work and what's next can be good ideas to write down and date.

So Aud2, are you a rules based trader?
What timeframe charts do you like to trade?

 

[FahadMd]

this is a good post with good information , thanks

 

[Fx_Jezz5]

Being profitable in the market inspires me and keeps me motivated to remain consistent in trading.

 

[NeilKruger]

to be profitable from this market place is really a big deal , need a very long time practice with great level of patience.

 

[FahadMd]

i think any kind of motivation just work for few times. its all about for short time approach.

 

[florriefello]

For me, it is keeping track of all my performance and regularly reviewing my mistakes because if one is thorough in what he or she is doing then they will be motivated and try not to commit the same mistakes again.

Great advice. Keeping a track of your trading performance will help you understand your shortcomings and prevent you from making the same mistakes. I log all my trades in an excel sheet, so it is easier for me to keep track of my trades.

 

[Laoise#886]

Thinking about making a profit has always been the motivation for me.

 

[pesticitis]

Imo, motivation in forex is really hard to maintain, especially after facing consecutive losses. I think traders must avoid trading if s/he is losing one after another. It can make her/him more demotivated.

 

[Zafar Al Asad]

when traders lose they actually fall a great trouble in mindset , at the end of result they trade over and over to recover this losses , at last lost almost whole equity.

 

[minimuscular]

For being motivated in such a volatile market that full of risks a right mindset is required without which it is impossible to accept the losses and move on.