Money or Passion: Which Matters More in Your Stock Trading?
Jessica Steinmetz, the Clinical Director at Safe Foundation in New York, stated that currently, around 10% of patients are seeking help for “trading addiction,” something that was virtually unheard of before 2020.
This group of people is primarily addicted to meme stocks like $GameStop(GME)$ and $Trump Media & Technology(DJT)$, as well as 24/7 cryptocurrency trading. High-leverage options trading is another major area of concern.
Do You Trade Stocks for Money or Passion?
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 separated—it's just the relative importance of each that differs.
I interviewed a friend who is exceptionally skilled at stock trading.
He said that for him, 60% of the motivation comes from making money, while 40% is from passion. Every night, he opens the app to trade U.S. stock options, achieving a return of over 100%. He explained that making money and passion form a positive cycle: because he makes money, he loves it more; as he invests more time into research, he becomes even more profitable.
However, as a newbie like me, 99% of my goal is just to make money, and that might be the key difference between me and the pros. $Tiger Brokers(TIGR)$
Do you trade every day?
Do you exhibit any of the characteristics of trading addiction mentioned above?
In your trading experience, what’s the ratio between making money and passion for you?
Leave your comments and also post to win tiger coins~
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For me, trading is primarily about making money. While I may enjoy the process to some extent, my motivation comes from the financial rewards. If I lose money, the passion fades, as there's no excitement in losses. However, when I make money, it fuels my interest and motivates me to continue learning. So, making money drives me, and the passion follows from those successes.
I think this is the difference between me and more passionate traders. For some, passion and profit are linked, creating a positive cycle. But for me, it’s mainly about financial goals, and trading becomes more enjoyable when successful.
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🎯 Money or Passion? A Trader’s Perspective 🚀
Kia ora Tiger Traders!
Trading is both an art and a science, a delicate balance between passion and purpose. For myself, the motivation is about 70% financial growth and 30% the intellectual thrill of decoding the market’s patterns. It’s like piecing together an intricate puzzle 🧩 where each stock’s pattern offers a clue to its next move.
Patterns are my compass, guiding me to identify potential price action and pinpoint lower-risk entries and exits. They don’t just reveal numbers, they tell a story about market sentiment and behaviour, often outpacing fundamentals. After all, while balance sheets provide the rearview mirror, patterns give you the GPS for what’s ahead.🛰️
I’ve especially loved diving into small-cap stocks recently, particularly during for the January Effect stocks where the market often springs to life with opportunities for the nimble trader. Combining pattern analysis with market trends creates a powerful synergy that makes trading a calculated risk, not just a gamble.
Although I don’t trade every single day, I’m always tuned into the markets and sharing my insights here on Tiger. From Fibonacci retracements to spotting breakout patterns, I enjoy building a community where traders can grow together. Your comments, discussions and camaraderie are the heartbeat of this journey.
That said, trading isn’t just about passion, it’s about discipline. As highlighted by experts, the dopamine rush from volatile stocks like $GME and cryptocurrencies can sometimes blur the line between passion and obsession. Grounding yourself in research and strategy is essential for staying on the right path.
Let’s coddiwomple toward a prosperous 2025, purposefully and passionately, together. 🚀✨
Happy trading ahead! Cheers, Barcode 📉📈🍀🍀🍀
This was the S&P 500 in 2003 ~ image attached. It looks drastically different compared to now. What do you think the S&P will look like in 2045?
I day trade everyday to feel the market sentiments and understand the tickers I’m working on. Trading is like dating, we get to know their personalities after awhile and ride the momentum together, but never get married to a stock ever! 😂
I’m interested to study the economic news, earnings calendar, geopolitical issues, Fed announcements, options flow, open interest, candlesticks and chart patterns to help justify my risks and rewards whenever I enter a day or swing trade as well as the appropriate time to exit to de-risk or even cut loss.
I believe trading can be a hobby at first, then replace our income and finally hit pay dirt. This journey takes about 3-5 years of daily grinding with much sweat & tears ➡️
It can even affect my mood at times. That’s why I’m focusing on improving my risk management and emotional control. My goal is to approach trading with a long-term mindset, as I’m in it to build financial gains over time [Call]