Why Do We Trade? For Real.

cornix

cornix

For successful achievement of every goal it's extremely important to have a clear understanding of that goal. What exactly you want to achieve in every detail.

Process of asking yourself this question can help motivate yourself much better as well as reveal possible embarrassments, which prevent the goal from being achieved.

In this context: why do you trade?
 
Years ago I decided I wanted to FIRE and decided I needed 3M to maintain lifestyle, grow principle, account for inflation. I(we) can do this next month but the confidence in the comfort level (excess monthly/yearly funds) is not quite enough so we are waiting for 1.5 yrs or 4M whichever comes first.

Successful trading (investing) has shortened the length of time needed to FIRE.

Cornyx, ya really ought to spill ur own beans on this also.
 
abattia said:
... to extract the Price Discovery Premium as compensation for making buy-and-sell decisions that move prices toward rational levels.
More...

What about the goal for you as a person associated with trading?
 
nursebee said:
Years ago I decided I wanted to FIRE and decided I needed 3M to maintain lifestyle, grow principle, account for inflation. I(we) can do this next month but the confidence in the comfort level (excess monthly/yearly funds) is not quite enough so we are waiting for 1.5 yrs or 4M whichever comes first.

Successful trading (investing) has shortened the length of time needed to FIRE.

Cornyx, ya really ought to spill ur own beans on this also.
More...

So the goal is money, which can provide enough passive income to sustain desired lifestyle, correct?

When the goal is reached, would you stop to trade?
 
FUN, CHALLENGE-------- but I think the proper question here is why do we choose "short term trading" to build wealth-- when there are far easier and proven ways? real estate or dry cleaning biz for example...
 
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