If You Didn't Need the Money Would You Still Trade?

[MadMarketScientist 11]

Hell no! I would be spending the money ... not trying to make more of it?!

 

MMS

[davidjohnhall 10]

Dan Zander, arguably the biggest winning retail trader of record was just asked this question. He said he still trades because he loves trading. This is after making 42 million trading.

 

Ultimately, to each his own. If you would quit, that's fine. If you would continue, that's fine. But I'm of the opinion that unless you love to trade you won't find success at it anyway.

[zdo 20]

For now, as long as I still look forward to Monday mornings as much or more than I do Friday afternoons I will continue trading …

For all of us, it seems to distill down to ‘ease of total commitment’…So, for as long as I still love it…

 

.. and for as long as I stay adaptive and nimble. After ~ 27 years of trading, time and age have pressed me to at least wonder about retirement. For the foreseeable future, I plan to take off ~ two and a half months per year instead of the one + month I took off historically.

Total time in the office per week has also seen a natural reduction across the years… less R&D basically. More creating health, playing tennis and golf, time with wife and family, working at the 'farm' (always a huge and growing list of things needing to be done out there),... Health first, freedom next, trading next…

 

Across time, I have also gradually dialed back average net exposure. Still have periodic ramp ups in size, but now keep ‘risk of ruin’ very near zero.

The takeaway for noobs - capitalization and proper sizing = staying power

(and, btw, don’t misinterpret ‘proper’ to mean low aggressive)

 

… with staying power and commitment, you can develop excellent skills, resilience, and toughness … (notice the different order of progression from the order so many ‘trading articles’ and posts prescribe and developing traders typically attempt)

[samuel23 10]

I have replied Yes and i can see that many other have voted yes also. If i got that money, i would loved to double it and am sure that with Forex it can be achieve :haha:

[riadh 10]

of course I will trade since its a passion for me )

[straddle 10]

i would trade more since if you have more money your chances of winning are greater . Unfortunately if you get carried away you might lose it all.

[Qiman 10]

YES

 

For me trading has become an integrated part of my life. It is a phenomenal tool towards SELF- MASTERY, because the most challenging part of skilled trading is that you must overcome many human tendencies and weaknesses. In fact, non-traders really have a hard time understanding the level of self-mastery that is required, especially with regards to emotions and consistency. In many ways we are remolding our biological brains and our minds. I also just enjoy being able to do something which most people can not handle. I like challenges.

 

The art of trading is also very compatible with another main thrust of my life, trading to me is in many ways similar to and synergistic with ancient wilderness survival skills. Both require a capacity to deal continually with the UNKNOWN and UNCERTAINTY. Very rare skills amongst the modern human population, and skills which I believe will become increasingly useful on this Planet.

[handle 10]

Yes. Definitely. But I would trade less often with more size.