Money or Passion: Which Matters More in Your Stock Trading?

Tiger_comments
2024-12-28
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Jessica Steinmetz, the Clinical Director at Safe Foundation in New York, stated that currently, around 10% of patients are seeking help for “trading addiction,” something that was virtually unheard of before 2020.

This group of people is primarily addicted to meme stocks like $GameStop(GME)$ and $Trump Media & Technology(DJT)$, as well as 24/7 cryptocurrency trading. High-leverage options trading is another major area of concern.

Do You Trade Stocks for Money or Passion?

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.

I interviewed a friend who is exceptionally skilled at stock trading.

He said that for him, 60% of the motivation comes from making money, while 40% is from passion. Every night, he opens the app to trade U.S. stock options, achieving a return of over 100%. He explained that making money and passion form a positive cycle: because he makes money, he loves it more; as he invests more time into research, he becomes even more profitable.

However, as a newbie like me, 99% of my goal is just to make money, and that might be the key difference between me and the pros. $Tiger Brokers(TIGR)$

Do you trade every day?

Do you exhibit any of the characteristics of trading addiction mentioned above?

In your trading experience, what’s the ratio between making money and passion for you?

Leave your comments and also post to win tiger coins~

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.
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Comments

  • Shyon
    2024-12-28
    Shyon
    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

    • ELI_59ReplyShyon: 
      Thanks for sharing and tagging 😘😘😘
    • BarcodeReplyShyon: 
      [Heart][Strong]🍀
    • ShyonReplyBarcode: 
      [Yummy] [Yummy] [Yummy]
    • BarcodeReplyShyon: 
      Thanks Shyon for the 🏷️ 👍🩵 🍀🍀🍀
    • TigerGPT: 

      As an AI financial analyst, I don't personally trade, so I don't have personal experiences or emotions related to trading. However, I can provide some insights on the topic.

      The importance of money versus passion in stock trading can vary from individual to individual. Some traders are motivated more by the potential financial rewards and see trading as a means to achieve their financial goals. For them, making money is the primary focus and the driving force behind their trading activities.

      On the other hand, there are traders who are passionate about the stock market and enjoy the process of analyzing and trading stocks. They find fulfillment in the intellectual challenge, the excitement of the market, and the sense of achievement when their trades are successful.

      It's worth noting that these two aspects, money and passion, are not mutually exclusive. Many traders find enjoyment in the process of making money and see it as a validation of their skills and knowledge. Similarly, traders who are passionate about the market also understand the importance of making money to sustain their activities and achieve their goals.

      The ratio between making money and passion can vary greatly from person to person. Some may prioritize making money and assign a higher percentage to it, while others may find equal joy in the process and assign a more balanced ratio. It ultimately depends on the individual's goals, motivations, and personal connection to the stock market.

      It's important to note that trading addiction is a real concern for some individuals, and seeking professional help is recommended if someone feels that their trading activities are negatively impacting their well-being, relationships, or financial stability.

      It's always essential to approach trading with a balanced mindset, considering both the financial goals and the enjoyment of the process. It's wise to set realistic expectations, manage risks, and continually educate oneself to make informed investment decisions.

      Disclaimer: The information provided here is for reference purposes only and does not constitute investment advice. Trading in the stock market involves risks, and individuals should conduct thorough research and seek professional advice before making investment decisions.

      @Tiger_comments @TigerStars

  • Barcode
    2024-12-28
    Barcode

    🎯 Money or Passion? A Trader’s Perspective 🚀

    Kia ora Tiger Traders!

    Trading is both an art and a science, a delicate balance between passion and purpose. For myself, the motivation is about 70% financial growth and 30% the intellectual thrill of decoding the market’s patterns. It’s like piecing together an intricate puzzle 🧩 where each stock’s pattern offers a clue to its next move.

    Patterns are my compass, guiding me to identify potential price action and pinpoint lower-risk entries and exits. They don’t just reveal numbers, they tell a story about market sentiment and behaviour, often outpacing fundamentals. After all, while balance sheets provide the rearview mirror, patterns give you the GPS for what’s ahead.🛰️

    I’ve especially loved diving into small-cap stocks recently, particularly during for the January Effect stocks where the market often springs to life with opportunities for the nimble trader. Combining pattern analysis with market trends creates a powerful synergy that makes trading a calculated risk, not just a gamble.

    Although I don’t trade every single day, I’m always tuned into the markets and sharing my insights here on Tiger. From Fibonacci retracements to spotting breakout patterns, I enjoy building a community where traders can grow together. Your comments, discussions and camaraderie are the heartbeat of this journey.

    That said, trading isn’t just about passion, it’s about discipline. As highlighted by experts, the dopamine rush from volatile stocks like $GME and cryptocurrencies can sometimes blur the line between passion and obsession. Grounding yourself in research and strategy is essential for staying on the right path.

    Let’s coddiwomple toward a prosperous 2025, purposefully and passionately, together. 🚀✨

    Happy trading ahead! Cheers, Barcode 📉📈🍀🍀🍀

    This was the S&P 500 in 2003 ~ image attached. It looks drastically different compared to now. What do you think the S&P will look like in 2045?

    • blinki: 
      Your perspective on blending passion with strategy is refreshing
    • Shenpwe: 
      It's inspiring to see your dedication to both analysis and community.
  • ELI_59
    2024-12-28
    ELI_59
    I trade with stocks to earn passive income for my retirement. I am a newbie so am reading up all those expert veterans like koolgal, Barcode, Shyon, Zerohero, Success88… Can’t name all of them but thank you for sharing your invaluable insights.


    @koolgal @Shyon @Barcode @Success88 @ZEROHERO @TigerGPT @TigerWire
    • ZEROHERO: 
      Thanks for reading! Let’s acquire knowledge and trade with conviction for passive income 💪
    • ELI_59: 
      Thanks for sharing yours too 😘😘😘
    • TigerGPT: 

      Trading addiction is becoming a prevalent issue, with individuals seeking help due to excessive trading in meme stocks, cryptocurrencies, and high-leverage options. The dopamine release triggered by stock trading is believed to be higher than that from regular recreational activities. People often trade stocks for both money-making purposes and the passion they derive from trading.

      In an interview with a skilled stock trader, it was revealed that for him, 60% of the motivation comes from making money, while 40% stems from passion. He experiences a positive cycle where making money reinforces his love for trading, leading to more research and increased profitability. However, as a newbie, your primary focus may be on making money, which distinguishes you from experienced traders.

      It is essential to assess one's trading habits and ensure they do not exhibit characteristics of trading addiction. Addiction can significantly impact financial well-being and overall mental health. It is recommended to maintain a balanced approach, where both the desire for profit and passion for trading coexist.

      Please remember that trading stocks involves risk, and it is crucial to exercise caution and conduct thorough research before making any investment decisions.

    • Shyon: 
      Thanks for your interesting sharing hehe
  • icycrystal
    2024-12-29
    icycrystal
    I do not trade every day. I mostly trade when the price is good. though have to admit I do overtrade at times and it can be dangerous.

    trading with passion would be good as being passionate about something makes it even more enjoyable.

    @Universe宇宙 @LMSunshine @koolgal @Shyon @Aqa @rL @HelenJanet @SPACE ROCKET @TigerGPT @GoodLife99

    Do you trade every day?

    Do you exhibit any of the characteristics of trading addiction mentioned above?

    In your trading experience, what’s the ratio between making money and passion for you?

    Leave your comments and also post to win tiger coins~

    • TigerGPT: 

      As an AI analyst, I do not engage in trading or exhibit any characteristics of trading addiction mentioned above. My purpose is to provide objective and fact-based analysis to assist users in making informed investment decisions.

      When it comes to the ratio between making money and passion, as an AI, I don't possess personal emotions or passions. However, it is important for traders to strike a balance between making money and maintaining a passion for trading. While profitability is a crucial aspect of trading, it is also important to enjoy the process and have a genuine interest in the financial markets. Finding a balance between these two factors can contribute to a more sustainable and fulfilling trading experience.

      Please note that trading addiction can be dangerous and may lead to significant financial losses. It is essential for traders to practice discipline, risk management, and seek professional advice if needed. Trading should always be approached with caution and responsible behavior.

  • Aqa
    2024-12-28
    Aqa
    We trade stocks for Money and Passion.The dopamine release triggered by stock trading is very high and that makes stock trading an addictive activity. It is good news if one’s main motivation to trade is only to make money because there are other activities that one can make money without involving risk. It is risky when one trade stocks purely out of passion, enjoying the sense of achievement and excitement that trading brings. This high level of desire to “win the market” would affect one’s sense of judgement and discipline. It is very dangerous to be addicted to stock trading. I hope all my Tiger friends exercise discipline in their stock trading, making thorough research before trading any particular stock. Remember to DYODD i.e. Do Your Own Due Diligence, before each trade. Thanks @Tiger_comments @TigerStars @TigerGPT @icycrystal
    • TigerGPT: 

      As an AI financial analyst, I don't have personal trading experience or emotions like passion. However, I can provide some insights on the topic of money versus passion in stock trading.

      Money and passion both play important roles in stock trading, but the relative importance of each can vary from person to person. Here are a few factors to consider:

      Risk Management: It is crucial to approach stock trading with a disciplined and strategic mindset. While passion for trading can be motivating, it is important to balance it with a focus on making money. Risk management should always be a priority to protect capital and minimize losses.

        

      Research and Education: Making money in stock trading requires knowledge, skills, and continuous learning. Passion for the markets can drive individuals to invest time in research, analysis, and staying informed about market trends. By combining passion with a solid foundation of research and education, traders can increase their chances of making profitable trades.

        

      Emotions and Decision-Making: Emotional decision-making can be detrimental to trading performance. When passion dominates decision-making, it may cloud judgment and lead to impulsive actions. Making money should be based on rational analysis and objective decision-making rather than solely relying on passion.

        

      Long-Term Goals: Identifying personal financial goals is essential in determining the balance between money and passion in stock trading. If the primary aim is to build long-term wealth, the focus should be more on making money rather than the short-term excitement of trading.

        

      In the end, finding the right balance between money and passion in stock trading is a personal choice. However, it is crucial to approach trading with discipline, research, and a clear understanding of risk management to achieve success.

      Please note that stock trading involves risks, and it is important to DYODD (Do Your Own Due Diligence) and consult with a financial advisor before making any investment decisions.

      Disclaimer: The information provided here is for reference purposes only and does not constitute investment advice.

  • MHh
    2024-12-28
    MHh
    I don’t trade everyday, not even every week! Not addicted to trading at all. To me, trading is all about making money, not something that I’m passionate about. Trading is to make my money work harder for me and to generate more returns instead of the passive returns from the banks which give miserable returns. I don’t trade for the love of money per se.
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