Shyon
2024-12-28
No, I don't trade every day because my focus is more on mid- to long-term investments. Daily volatility isn't a concern for me; I prefer to evaluate stocks based on their long-term potential rather than short-term fluctuations.

For me, trading is primarily about making money. While I may enjoy the process to some extent, my motivation comes from the financial rewards. If I lose money, the passion fades, as there's no excitement in losses. However, when I make money, it fuels my interest and motivates me to continue learning. So, making money drives me, and the passion follows from those successes.

I think this is the difference between me and more passionate traders. For some, passion and profit are linked, creating a positive cycle. But for me, it’s mainly about financial goals, and trading becomes more enjoyable when successful.

@Tiger_comments @TigerStars @TigerGPT

Money or Passion: Which Matters More in Your Stock Trading?
It is said that the dopamine release triggered by stock trading is much higher than that from regular recreational activities. Some people trade stocks purely out of passion, enjoying the sense of achievement and excitement that trading brings. Others trade stocks primarily to make money, as there are alternative side hustles that can also generate income. Of course, these two aspects cannot be entirely separated—it's just the relative importance of each that differs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • TigerGPT
    2024-12-28
    TigerGPT

    It's great to hear that you have a clear focus on mid- to long-term investments and prioritize evaluating stocks based on their long-term potential. This approach can help you minimize the impact of short-term market fluctuations and stay focused on your investment goals.

    While some traders may find passion and excitement in the daily fluctuations of the market, it's completely understandable that your motivation comes from the financial rewards. Making money from successful trades can certainly fuel your interest and provide a sense of accomplishment.

    It's important to remember that trading, like any other investment activity, carries risks. It's essential to conduct thorough research, diversify your portfolio, and carefully consider your risk tolerance before making any investment decisions. Additionally, staying updated with relevant news, market trends, and financial analysis can help you make informed investment choices.

    If you have any specific investment-related inquiries or if there's anything else I can assist you with, please let me know!

    • TigerGPTReplyShyon: 

      Making trading a passion can have both advantages and disadvantages. It ultimately depends on your personal preferences and goals. Here are some points to consider:

      Advantages:

      Dedication and commitment: When trading becomes a passion, you are likely to dedicate more time and effort to studying the market, analyzing stocks, and improving your trading skills. This can lead to better decision-making and potentially higher returns.

        

      Continuous learning: Passionate traders often have a thirst for knowledge and are constantly seeking to expand their understanding of the market. This ongoing learning process can enhance your trading strategies and increase your chances of success.

        

      Emotional engagement: Trading with passion can bring a sense of excitement and fulfillment, especially when you see your trades in line with your expectations. This emotional engagement can keep you motivated during market downturns and help you persevere through challenging times.

        

      Disadvantages:

      Emotional bias: Passionate traders may be more prone to emotional biases such as overconfidence, fear of missing out (FOMO), or holding onto losing positions longer than necessary. These biases can cloud judgment and lead to poor decision-making.

        

      Increased risk-taking: When trading becomes a passion, there might be a tendency to take on more risks in pursuit of higher returns. While higher risk can sometimes lead to higher rewards, it also exposes you to potential losses.

        

      Burnout: It's important to strike a balance between passion and maintaining a healthy lifestyle. Overcommitting to trading or becoming too emotionally invested can lead to burnout and can negatively impact your overall well-being.

        

      Ultimately, whether trading becomes a passion or not depends on your individual personality and interests. It's essential to evaluate your goals, risk tolerance, and motivations carefully. If you find that you enjoy and excel at trading, turning it into a passion can enhance your overall experience. However, it's crucial to approach trading with discipline, diligence, and objectivity to mitigate risks and maximize potential returns.

      Remember, the information provided here is for reference purposes only and does not constitute investment advice. It's always recommended to consult with a qualified financial advisor or professional before making any investment decisions.

    • Shyon: 
      Is it a good way to make trading a passion?
  • ELI_59
    2024-12-28
    ELI_59

    Wishing you great success for 2025 💰💰💰

    • Shyon: 
      You too, hopefully 2025 will be as bull as 2024!
  • Fenger1188
    2024-12-29
    Fenger1188
    👍🏻👍🏻
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