Why Do You Trade?

[denman]

I often find myself asking me this question. The majority of people fail miserably but some still continue to trade and even those who do it successfully could surely have a much more comfortably time doing a job elsewhere.

For a lot of people I suppose it's the fact that it's an independent activity, it's you pitting your wits against everybody else who enters the market. For me it's a lot about the challenge, of course there's the money incentive but I try and look at it as one big video game that you've got to try and master.

So I was just wondering what's everyone's motive for trading?

[The Geek]

For fun. I love the buzz of IR horses.

Making a few quid tax free helps.

:Kerching:Kerching:Kerching

[denman]

Maybe I'm doing it all wrong but I don't really find it that much fun, intriguing and annoying at times but definitely not fun.

[Streetlight]

Make money. simple.

[bazbaz]

Money, independance, the chance to choose when to work and from where you like

[skit]

I actually have fun doing it and trying to find new "edges". And yeah money.

[Sports Punter]

I lose a bit slower Trading than I would otherwise......

Not much slower mind you

[Temujin]

1. Money. I can make triple the money I could make anywhere else putting in a fraction of the time. I also know that I have tapped into bare minimum of the money available to be made on here if I feel so inclined to put further effort in.
2. Time. My time is my own. If I don't want to trade, I don't. Proabably averaging 3 days a week over the last 3 months and probably my best 3 month period to date. (Not including spent money of course :P)
3. Attention span. Very little in this world has any incentive for me to concentrate on it. If I don't like it, I don't do it. Simple as that.
4. Numbers. My brain was built on numbers. I have no creative side, everything must be logical, analytical. I have a PS3, Xbox 360, a multitude of games, most are unplayed due to the time I used to spend on an outdated online browser based text game based on mathematical formulas. Numbers seem to be the only thing that stimulate my brain.
5. Motivation. I have zero motivation in making anybody else rich through devoting my time to them. If I am going to put my time and effort in, I feel I am the one that deserves to be rewarded.

[custard]

I do it to make money so that I can write this as drink iced tea in Prague while my wife is shopping. I am missing my dogs.

[Morgans Choice]

Hi D,

I trade for the competition. I'm too old to compete at physical activities so, trading is great and at the end of a session if I've got more money, I've won, less and I've lost. It's a tremendous kick,

cheers, MC

[1/4 of a millionaire fund]

Everyone starts off doing it for the money no matter what they say. It only becomes a challenge once you realise it's not that easy to win money but you're too stubborn to give up

[DJB]

I am like most people in that I trade to make money. However I also enjoy trading. I previously owned a small business and was working ridiculously long hours to earn a living. Now I can work on the races for 5 hours a day and make the same amount of money. I gain a great deal of satisfaction out of being able to trade full time and winning.

[The Thinker]

I started trading as a hobbie 12 months ago , I'm lucky that i own a business that gives me a good living , so I wasn't looking for this as a new career , but at the same time I always want to succeed in everything I do .
This summer I spent a lot of my spare time studying the markets without actually trading , thinking to myself ( what's the secret ?) . I can honestly say that by doing this everything changed , i can confidently say that from what I learnt by studying the markets I could make a living now if I went full time . So the reason I started trading was I seen it as a new challenge , one challenge that's slowly swinging in my direction .

[TheSurgeon]

For Days Like This



Headphone version:


For days where you get every call right AND stop yourself from going into 'God mode'.

[Agashaun]

I started trading as a hobbie 12 months ago , I'm lucky that i own a business that gives me a good living , so I wasn't looking for this as a new career , but at the same time I always want to succeed in everything I do .
This summer I spent a lot of my spare time studying the markets without actually trading , thinking to myself ( what's the secret ?) . I can honestly say that by doing this everything changed , i can confidently say that from what I learnt by studying the markets I could make a living now if I went full time . So the reason I started trading was I seen it as a new challenge , one challenge that's slowly swinging in my direction .

I trade for the fact of not so much the money (as i have a full time career that pays very well) has alot of time off, but more of a challenge i want to set myself like Adam and a few others i know. if you are a very disciplined trader know your system and stick to all the rules you can make £100,000 +
quite adequately. I know some people trade for many hours a day, i trade for a percentage my system and edge should and does make to double my bank every month. After a year if you have calculated everything properly (including the possible losing (drawdowns) you should come out with that sum. Real Patience plays a part in this
One of the things you also have to do is once you have deposited funds to Betfair you see it as gone spent. I only check my PNL at the end of each working month, when trades stop firing at certain prices i know i am doing bad

Happy trading all whatever your reasons