What is the main reason why you trade

[luckyledger]

I don't really understand the world of psychology like that, but I think it could happen...

I once tried to be a daily trader, when it failed my curiosity ended, because it hit me quite hard...

But I'm sure there are people who still persist even though it hurts... to call it addiction, I'm not sure it's because of addiction, because addiction is only for people who like an activity or object... and maybe only a few people are addicted to the headache of understanding the world of trading.

Usually they look too much at the benefits they can get, so they ignore the risks they can get too, and even the risks are very big. Chasing something that has a very big risk is where the mistake lies, so they don't apply financial management and others.

I understand that everyone wants profit, but we also have to be able to adjust to how much risk we can bear. Many people end up forcing themselves, and from forcing it, something even more serious happens that can disturb our mentality.

that is the function of risk management in trading, because we understand that in trading we will be faced with great risks, especially daily trading. but if we experience failure and stop learning is a bad thing, we should continue to learn to train skills and improve analysis so as not to experience similar failures. because a professional trader does not give up easily and will always try to achieve success.
We must take the smallest risk so as not to lose, although people say the greater the risk the greater the profit.

It is really like that, and each decides for themselves if they want to take such a risk or not - in any case, putting some limits on your trading sessions wouldn't hurt anybody in the slightest, in my opinion - to the contrary, actually.

[ZAINmalik75]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

Traders can also become addicted if not to one type of trading then to another they won't leave this habit of making money by investing in coins. There will be many traders trading in the future but left it but still investing in crypto for short and long term opportunities. They won't abandon any earning opportunity if they have learned some of it.

Anyway other than traders anyone can become addicted to anything. A person who is addicted to drinking alcohol can addicted to taking medicine. I trade to make money not to double my money just to make a profit.

[Vx1]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

There is no other reason for me to trade crypto except to double my money, yes, although sometimes it works, sometimes it fails. I think everyone has the same reason, but among us there are those who make crypto trading a full-time job, some make it a side job. The addiction is certain, the important thing is that here we get profit.

[$crypto$]

Usually they look too much at the benefits they can get, so they ignore the risks they can get too, and even the risks are very big. Chasing something that has a very big risk is where the mistake lies, so they don't apply financial management and others.

I understand that everyone wants profit, but we also have to be able to adjust to how much risk we can bear. Many people end up forcing themselves, and from forcing it, something even more serious happens that can disturb our mentality.

that is the function of risk management in trading, because we understand that in trading we will be faced with great risks, especially daily trading. but if we experience failure and stop learning is a bad thing, we should continue to learn to train skills and improve analysis so as not to experience similar failures. because a professional trader does not give up easily and will always try to achieve success.
We must take the smallest risk so as not to lose, although people say the greater the risk the greater the profit.

Failure is not the end of everything, in fact it is one that cannot be avoided on the journey, so mentality is also needed so that we do not give up just because we feel 1 failure.

A professional trader I am also very sure they have experienced failure, but they do not easily give up just because of the failure they feel. They continue to learn from the mistakes they make, so they can achieve something satisfying.

[Gurujebs]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

If you don't trade to make money, what is it that you are trading for exactly? Trading is not something you can just play off and have fun with, it's requires your time, it requires your experience and it requires your understanding of technical and fundamental analysis in the market. If you are not doing this for the money, then I don't know what to call it.

Whether you trade to make money or you trade to get a financial income, the purpose is the same, money is what brings everyone because nobody in crypto is investing because they want to throw money in the air, it's there hard earn money they want to make profits from which they will. It's because trading is difficult and yet profitable is why many people hold their coins.

[|MINER|]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

Trading and gambling are not the same.  If one wants to double his money by trading, he needs to be very good at training.  Because trading is a very complex task.  It is not possible to double the money invested here if you want.  If one comes to trading with this intention, there is a possibility of huge losses.  Because success in trading is not possible without adequate knowledge and skills.But by becoming proficient in trading and acquiring skills you can surely expect double profit from here.  And of course everyone hopes to increase their trading capital.  But trading cannot be considered gambling.  Investing in gambling does not require any skill, it is completely dependent on luck.

[Rubel007]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

Yes, a trader can also become an addict because if he is addicted to earn excessive profit and trades without following any rules, then he will profit in the short term but in the long term he will definitely suffer which can make him an addict later. Just as greed is the biggest obstacle to winning in gambling, the same can be true in trading. In gambling and trading those who bet or trade with money they cannot afford to lose will both lose. When the trader trades more to minimize his losses, he will lose more. In this way the trader can also become addicted to trading.

[smartaction]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

Trading and gambling are not the same.  If one wants to double his money by trading, he needs to be very good at training.  Because trading is a very complex task.  It is not possible to double the money invested here if you want.  If one comes to trading with this intention, there is a possibility of huge losses.  Because success in trading is not possible without adequate knowledge and skills.But by becoming proficient in trading and acquiring skills you can surely expect double profit from here.  And of course everyone hopes to increase their trading capital.  But trading cannot be considered gambling.  Investing in gambling does not require any skill, it is completely dependent on luck.

I don't find any similarity between trading and gambling because gambling requires luck gambling depends on luck. To make money from trading you need enough knowledge and skill so I think both are different. Some time you lose money from trading.  Either some time gain money it totally depends on knowledge and skill. If a person has enough skill about trading then he never seems to face loss but also not always gain while trading. Sometimes gain and other times.  One should have adequate understanding of the trade to recover the losses that will occur.

[JISAN]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

I think everyone trades to make profit. But if someone loses here, he tries to recover his previous losses and make a new profit, and the profit he makes, he tries to make more profit, due to which trading becomes a daily routine for them. And when a person spends time on a subject continuously for two to three months, he cannot forget it afterwards. The same happens with gambling and trading. Due to which a person who trades for a long period of time becomes addicted to it. And he can't quit trading even if he makes huge losses. These are common issues.

[Captain Corporate]

Why wouldn't we though? I understand most people say its about money, and they are right its about trying to make more money, but also its not unethical thing, its not immoral, its not illegal, so why shouldn't we do something like this if we just want to? We can literally do it for fun, so there is really nothing to worry about when you are trading. If we can do this then there is really nothing to care, and we are free to do whatever we want. I understand there are some issues at times, but this doesn't really feel like we are talking about a thing that takes time, we can assume this is a good thing.

[Crwth]

Addicted to trading? I don’t think that’s a ubiquitous phrase, but maybe many traders are somewhat in denial. Well, if a traitor is doing risk management, I guess that would be a responsible trader, and an addicted one may be different and want to trade even though it’s not assured; they are making it a gamble.

I don’t know. It’s pretty hard to determine if it’s an addiction or not.

I trade because I want to profit, and it’s a side income. I trade using a bot.

[Aanuoluwatofunmi]

The major reason for trading is to make profits, this can be some other peoples source of income while some may also have some other means through which they are earning their living aside trading, we have to know that trading comes in different forms, strategies and demands also, we have to go through on that particular asset in which we are interested to trade, know much about it and how we could trade under a profitable arena.

[|MINER|]

I don't find any similarity between trading and gambling because gambling requires luck gambling depends on luck. To make money from trading you need enough knowledge and skill so I think both are different. Some time you lose money from trading.  Either some time gain money it totally depends on knowledge and skill. If a person has enough skill about trading then he never seems to face loss but also not always gain while trading. Sometimes gain and other times.  One should have adequate understanding of the trade to recover the losses that will occur.

I am also saying the same thing that trading and gambling are never the same the main difference is that gambling is totally based on luck whereas to earn profit in trading you need to know about trading how to trade how psychological impact on trading know about these later Have to stay. If not, those who will go to trading, I will say that they are going to gamble, not trading.
Because if the above knowledge is not inside someone and he goes to trading then his trading also depends on luck in his case maybe many people do such trading so trading is considered as gambling.

[debra]

The major reason for trading is to make profits, this can be some other peoples source of income while some may also have some other means through which they are earning their living aside trading, we have to know that trading comes in different forms, strategies and demands also, we have to go through on that particular asset in which we are interested to trade, know much about it and how we could trade under a profitable arena.

Yes, most people want to trade because they want to get profits. I think there is no other big reasons. Money is surely the main purpose of all traders. People even expect to get regular profits from trading, people do day trading. But there are also people who don't target for regular profits, they trade weekly or even monthly. Sure, people may have different ways in trading, they use varied strategies. However, the main goal is the same, it is for money (profits).

[jeraldskie11]

The major reason for trading is to make profits, this can be some other peoples source of income while some may also have some other means through which they are earning their living aside trading, we have to know that trading comes in different forms, strategies and demands also, we have to go through on that particular asset in which we are interested to trade, know much about it and how we could trade under a profitable arena.

Yes, most people want to trade because they want to get profits. I think there is no other big reasons. Money is surely the main purpose of all traders. People even expect to get regular profits from trading, people do day trading. But there are also people who don't target for regular profits, they trade weekly or even monthly. Sure, people may have different ways in trading, they use varied strategies. However, the main goal is the same, it is for money (profits).

In my opinion, people want to trade because they want to left their jobs so that they can have so much time to do with other things that is important. If you are trading, it doesn't consume so much time and it very accessible at any place even you are travelling as long as there's an internet connection. That's what I think the reason why people trade. But unfortunately, most traders failed because they're not ready enough to face the struggles in their trading journey.