This is one of the quotes about trading that stuck with me. I googled it and it's from Ed Seykota, I probably read it in one of the Market Wizards books, which I can highly recommend.
The exact quote is "Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money."
Now this applies especially well to the retail world of traders. And it's one of the first things I tend to ask when coaching someone: "Why are you trading". Now, of course, the answer "to make money" is the one that comes back the most often. And to be honest it should be the #1 motivation, even though it helps tremendously if you enjoy trading and especially the process of research and development to gain an edge in the markets.
But what are you really in for? I know for sure that many traders out there are just trading out of the fun. For whatever reason, they're bored and need some excitement in their life. Or they're just gamblers who could also have ended up in Poker or sports bets. Then they'd get ripped by the professional poker players out there...
So really ask yourself why you're trading or why you want to get started. Do you really want to learn a new, complex, and difficult business from scratch? One where you're competing against some of the smartest and most competitive people in the world?
Now if you're just in for the exciting ride, that's fine too! As Seykota said, "Everybody gets what they want out of the market". If you want a fun ride, you'll get it, again and again. Just put in some trades because "the market looks like it's going up", leverage up those positions and then watch every tick on the chart while keeping a close eye on your P&L. Sure you'll blow a few grand every now and then but that's simply the cost you pay. Just be honest with yourself and enjoy the ride.
Happy Trading and stay healthy!
Marco