Money or Passion - Which is more important in trading?

koolgal
2024-12-30

🌟🌟🌟My goal of investing is to make money which will be used to achieve my ultimate of FIRE - Financial Independence Retire Early.  Money is the key to giving me more time to pursue my dream goal of travelling the world, exploring new cities, eating different cuisines and making new friends.  In other words Money is more about freedom and having more time to experience life to the fullest.  Money is a means to an end for me. 

Passion can be defined as enthusiasm, zeal or fervour for something we like to do.  Passion for me means having the interest and energy to research my stocks and ETFs.  Spending time learning to be a better investor.  It is not so much about trading daily, staying awake watching the markets.  I am more of an investor than a trader as I tend to buy and hold my stocks and ETFs long term.

Investing to me is more of a marathon than a sprint.    Slow and steady is my creed.  Add Patience to the mix and that's my style of investing in a nutshell.

As the late Charlie Munger likes to say "The Big Money is not in the Buying and Selling but in the Waiting". 

While making money to achieve my goal of FIRE is important to me, having passion to do it well and excel - That  is my philosophy in investing.

@Tiger_comments  @TigerStars  @TigerClub  @Daily_Discussion  @MillionaireTiger  @CaptainTiger

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 separatedβ€”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

  • neo26000
    2024-12-30
    neo26000
    My dream is to finally hit the jackpot in Toto in 2025, just once! [Cool]
    • breAkdaWnReplykoolgal:Β 
      and if you do. that will be the start of your troubles!
    • neo26000Replykoolgal:Β 
      [Happy] [LOL] [Grin]
    • koolgal:Β 
      So if the God Fortune grant your wish, don't forget your old friend😍😍😍
    • koolgal:Β 
      It is my dream to strike it big once I a lottery too.
    • koolgal:Β 
      Have a Successful and Prosperous New Year πŸ€πŸ€πŸ€πŸ’°πŸ’°πŸ’°
  • icycrystal
    2024-12-30
    icycrystal
    thanks for sharing [Like] [Like] [Like]
    • koolgal:Β 
      May 2025 be a Happy Healthy and Prosperous New Year for you πŸŒˆπŸŒˆπŸŒˆπŸ’°πŸ’°πŸ˜„
    • koolgal:Β 
      Have a lovely evening πŸŒƒπŸŒƒπŸŒƒ
    • koolgal:Β 
      My pleasure 😍😍😍
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