The Popular Investors Journal

Passion is the Key to Success in Trading

Last week we saw how many of our Popular Investor are not motivated as much by the prospect of making money as they are by the thrill of making it happen. The passion of doing something you love and learning how to control your emotions until the moment is right to open or close a position. Passion is key. You must love what you do and how you do it, and eToro brings you the chance to fall in love with finance, feel the thrill and the passion and share this feeling with the world.

But passion, has many forms and every individual has their own way to feel it. Let’s check in with this week’s new Popular Investors and their passions.

@dndannang is from Uganda. His name is Daniel Nanghaka, and he is really passionate about cycling. More than just a hobby, he has made cycling his way of life. His goal is to visit all African countries on his mountain bike and interact with different peoples and cultures. He is the brains behind the website Trail Africa on Bike, and runs a Facebook page under the same name with the same purpose. In his own words he is an “Engineer by profession, a private consultant, a business modeler and an adventurous man…”

Being a person who has not yet had a proper middle life crisis, I really envy Popular Investors such as Federico Bustos (@colonet2001). Freedom is his flag and he wants to “be able to travel the world, creating a substantial income from trading”. We can tell that this London based Popular Investor loves traveling, but he also likes kite-surfing and everything related to RISK. For Federico, life is all about risk and as he says, if you learn how to control it, it’s lots of fun. In our world, nothing can be more accurate than that. Leaning how to control risk is the secret to enjoy trading, and judging by the picture, Federico is a person who likes to enjoy life!

Our following Popular Investor, Australian Arthur Huis int Veld (@ iTrade2012) has learned to control his emotions, and despite the big the big desires to let himself go, he knows now that you have to start with “a plan, a day plan, a long term vision, a plan that would allow me to manage my trading emotions “. He has some basic points to achieve control over your emotions and master trading. These are:

1. Trade with a plan for the day, the month, the year
2. Your plan must help you manage your emotions as well as financial positions
3. Never be afraid to stop a trade for a loss or a gain… :)
4. Every day is a brand new trading day!
5. Do not get distracted!

Article Written By: Herman Dermer