If someone says they are trading for passion, and they aren't in it for the money - they are either gambling, or they are bluffing.
You can't not trade without money on your mind.
But that's also the most counter-intuitive thing in the world of trading.
You can't not trade without money on your mind.
But that's also the most counter-intuitive thing in the world of trading.
You can say you're trading for passion, coz markets are dynamic, because you like a challenge, because it's always evolving, because no one gets to boss you around, and hundred other reasons.
But you wouldn't quote any of that if you're a losing trader.
But you wouldn't quote any of that if you're a losing trader.
No rational person keeps losing money in trading, and then continues to do it because they're "passionate" or they like the "challenge".
You have to do it for the money; and without making money from it, you CAN'T continue doing it.
If you still do, you're a compulsive gambler.
You have to do it for the money; and without making money from it, you CAN'T continue doing it.
If you still do, you're a compulsive gambler.
The most counter-intuitive thing here is that, the less you need the money from trading, the better your trading is.
This is why I always tell people to have other sources of income - a job, a business, anything that provides cashflow.
Afraid money never sticks.
This is why I always tell people to have other sources of income - a job, a business, anything that provides cashflow.
Afraid money never sticks.
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