Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Why do you trade?

Reply
Contributor
I've read spans of trading strategy books lately that encourages one to get in touch with baseline objectives. What is your goal? Extra cash for lifestyle/lunchmoney? Financial freedom/escaping the ratrace? Need for toys, cars + impressing folks? What motivates you to offer up hours and hours of your free (and work) time for the petite possibility of becoming a consistently successful trader? (Only 1 in 5 people make money doing this!) I've set 12 months aside and spend on average 20 - 25 hours a week immerged in TA, developing systems and learning about trading. Are there other folks this motivated to become successful amateur traders? My own motivation stems from the intrigue of the theory behind technical analysis.
0 Kudos
10 REPLIES 10
Super Contributor
Hi Liquid you fail to mention if it was all worthwhile spending all that time and also if you are one of the lucky 1 in 5 that make money trading.
0 Kudos
Contributor
Invest for retirement, trade for drinking money. Hopefully I don't drink myself to death before retirement.
0 Kudos
Contributor
Hi Liquid - I've done the 12 months bit and it is worth the effort - I am now seeing the results of all my TA experimentation paying off in a reliable system that generates cash almost at will. Keep at it.
0 Kudos
Not applicable
Been trading for about 3 years and love it.Before I got into the market it was just meaningless rubbish I saw on the news,but once I became involved I wish I had started years ago.I now spend a large amount of time doing analysis and following price movements.Will never stop unless of course I become a statistic of the insolvency court.My wife and I own a small business which she basically runs from day to day,so trading is my input towards the monthly income.Am I successful........?Getting there.
0 Kudos
Super Contributor
been investing off and on in the market since the late 90's (the heady days for Didata et al!). always wanted to do more active trading, but lack of time (due to work) and tax concerns kept me out of it until very recently. personally, am intrigued by the mathematical/probability side of TA, as well as the potential (albeit still difficult!) for an income stream. ideal would be to be able to trade for living, but tough road to get there. have some free time in the days now, so best chance ever to give it a shot. nothing ventured, nothing gained. just dont venture your life's savings, the house, the kids, the dog, the wife (ok, only in exceptional circumstances! ;) )
0 Kudos
Not applicable
We have been in a bull trend for three years, if you not't making money my friend then don't give up your day job !!!!
0 Kudos
Not applicable
Classic quip : " There are Old Traders.There are Bold traders;but there are very few old,bold Traders."
0 Kudos
Super Contributor
fun and profit.
0 Kudos
Contributor
Asylum, time spent learning is always worthwhile. Sure I make money (being in a bull market helps), but my long term objective is being consistently profitible. My goal is being able to both derive a regular income from trading and sustain portfolio growth. Active trading may or may not provide me with the vehicle to reach this endpoint. Like I said - I'm willing to donate a couple of months of my time to find that out.
0 Kudos
Contributor
Pluto , thanks for the encouragement. Congrats on finding your trading holy grail ;)
0 Kudos