Australian (ASX) Stock Market Forum

Reply to thread

1. It is highly unlikely that a menial job, or minimum wage job will ever lead to a fortune directly. It could be a means to an end indirectly.


1A. That is not passion. That is simply a motivational trick. If something is unpleasant, but must be done, you look for ways to make it more palatable. Little competitions with oneself is a common one.


2. Well given that it is a thread re. Steenbarger, and he is predominantly financial markets related, I'd say it's very much about making money. While I accept that there are probably a few hobbyists out there, drawing lines on charts or reading financial statements purely for the 'fun of it', never actually trading any money, most will undertake that for the purpose of making money.


3. Which is why 'passion' is a nonsense premise. Many [most] work in jobs/careers because they have bills to meet. They may 'like' their job, they may hate their job, but most are not passionate about their job. Only the lucky few ever find the job that they would do for free. This is in large measure because they do not have the requisite skill/talent to do what they wish they could do.


4. You have managed to gloss an interpretation which entirely misrepresents my original statement. My meaning is that to be successful in trading/investing, the winning/losing of money does not elicit an emotional response. You are neutral. Bored. In this non-emotional state, you can execute how you should execute [to your pre-existing plan]. To reach that [happy] state you must truly understand your trading methodology and its boundaries. You are calm because whatever is happening, is still within the boundaries of the methodology.


jog on

duc


Top