Topic: How has trading impacted your personal life ? (Read 593 times)

It did really made up some impacts on both sides.

Positive:

1. Can support up my living with my current earnings
2. Can make out money in the convenience on my own home/room/phone.
3. Dont have that 8-5 typical job.
4. More time with my family since i do have all the control on when i do make trades.

Cons.

1. Lack of sleep
2. Lack of exercise
3. Lack of social interaction from people(ex. friends)


This doesnt talk about inner characteristics that you do learn like emotion handling, patience etc.

This do talk about literal things when it comes to impact.

This is exactly the story behind my patience too. 


Every trading day is a level up to our trading game. Sooner than later handling emotions will be second nature  


It is so unfortunate that you see trading as gambling. Well, I don't see my trading as gambling.

Oh, thank you for the suggestion! I wasn't aware.

Trading is never easy for anyone. We all strive every day to be the best at what we do. Alongside the hardship that comes with trading are the lessons too.

These lessons for me are golden and have helped certain areas of my life which I just shared. Also, I'm happy I have profited from trading one way or the other.

We all have different stories  

I think the biggest gain I ever had was patience, and patience at a level where I wouldn't even think it would be possible. Normally if you told me to wait for something for a day I would be anxious to wait, if you told me to wait a week I probably couldn't, if you told me to wait for a month I would get angry and not even try to wait. Now I can wait YEARS for an investment. Sure that is not "trading" exactly but investment is basically trading where you buy and sell, just with couple years difference between them.

Thanks to bitcoin now I know that when you are doing something and expecting a result for it, you need to wait for the rewards or at least the results of it, nothing in this life worth doing will give you results in a day, it will take years before you can see it pay off.

There is no loss in our life, every mistake we do teach us a life lesson so obviously from trading as well we learnt many things like what should we do's and don'ts.

I just wonder on seeing that gambling helped you in many ways in your your personal life other than making you rich. Honestly nice to see. (Probably you must need to edit the subject line of this topic because "affected" is somehow misleading. Anything like "transformed" or "impacted" would be the right term here. Affected is for only negative things but anything which is neutral will be more appropriate).

I'm not a profitable trader which made me not to think about improving my other skills and habits. Only when you are achieving what you need then only you can start focusing on other things. After reaching your goal, may get time to focus on improving yourself in terms of good habits. This is what exactly happening for me in trading.

Stop loss had been my major saviour in trading that goes against me It has helped me to cut my losses of course losses are inevitable in trading while my trading life had instilled a thinking when I am resting on my bed such that I always scan over my winning  and losing trades.
More so dealing with emotion and psychology in trading is another aspect that has been affecting my personal life.

Trading apparently affects us in our real lives but most of us just don't know.


Actually, on the other hand, i won't tag that greed because i know of someone who sold most of what he had to raise funds for trading and made it eventually.

What differentiates both is Self confidence. The latter knows his craft and has practiced well enough to know what he needs and how to get it.


I'm happy for you!

By patience the OP meant that you should always think of the conclusion before initiating any trade, you should do proper research and then do a trade. You should never be influenced by what others say, do your own TA and see what the market looks like as the market always speaks through charts and they are the best way to make money. I have seen many people who just jump right in when the price is rising thinking they will buy high and sell a little higher, but they surely get REKT. Also not always buying in a dump period is not good as then also you can be the one holding a pile of worthless coins.
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You said it all Fella! Once you learn patience in trading, you get patient with other things.

Especially those who do Technical analysis, you gotta wait for a candle close to take entries. In between this waiting time, you have to bottle-up FOMO and all other emotions that might influence following your plan. This is patience.

If you're an investor, you have to wait patiently for your investment to yield returns; even though things wouldn't always go as planned, you just gotta wait.


Your last point is also something I learned alongside on my trading journey. I am still learning every day though.


This happens to most traders. But you every trader needs to understand that there are things one can control and things one can not control.


I'm happy to see this. Freedom is the best thing trading offers. This is the final goal of every trader i believe.

i am happy you have attained that. Congratulation!

Trading makes me quit my current job and focus on making money on the internet which is more useful and flexible. With trading, I can do anything I want and go anywhere I like without having any trouble with an office job. No need a presentation or position in a company to earn money.
However, in order to achieve such success like this, I used to lose a lot of money to learn and gain new experience. When I first started my trading career, I dont have anything in my hand and lack of knowledge. And I was a noob who believe he could do anything by himself without learning a shit. And then, I suffer a huge loss which change entirely my point of view. And, becoming more discipline was my number one target. After several months, I did succeed. Then, everything seems perfect to me.

To be honest I have also faced sometime that my personal life is affected by trading. Generally, it is a good experience when I get some profit from trading. So I will not talk about the good experience. The bad experience happened when I lose in a trade or when I need some money but I can not end my trade with a profit due to the bearish market. I faced I can not live normally, I can not work perfectly in real life. Sometimes I became very angry. No sound sleep, no sound food intake, etc. And I think this is normal for all trader but we should reduce it by controlling our emotions.

I had positive and negative days as a daily trading . The worst experiences I've ever had were when I forgot to put stop loss and also buying more after big pump like in 2013 and 2017

All of us has a different approach to trading, may we experience bad and good thing in here but not it comes into a moment of being addicted to it. I was still in control of my emotions even though if I suffered big losses nor I have to quit either. I've learned a lot of things in crypto trading,

*one thing is to be strong in every turbulent scenario
*become proactive and learn to keep calm.
*not to lose hopes in every fall we have

By patience the OP meant that you should always think of the conclusion before initiating any trade, you should do proper research and then do a trade. You should never be influenced by what others say, do your own TA and see what the market looks like as the market always speaks through charts and they are the best way to make money. I have seen many people who just jump right in when the price is rising thinking they will buy high and sell a little higher, but they surely get REKT. Also not always buying in a dump period is not good as then also you can be the one holding a pile of worthless coins.

My personal life hasn't been that much affected by my trading. Though this may be explained by the fact that I live alone and any risk i take is on my own skin, so to speak. My trading experience was painful but I can say that I remained optimistic and now I find myself making some profit, not huge but profit nonetheless. Also, I got to learn a fair amount about exchanges and which ones are suited for different things like if I have different crypto I'd use bestchange or if I have to do BTC related work I use Kraken.

There are too many possible consequences that may affect your personal life after your trading activity.

All mentioned of OP was I already experienced, the bad and the good side in trading. But this wasn't mentioned above, the "GREED". I've learned not to be greed in trading because I've heard that there is one greed trader that he sold everything valuable stuff he had just hoping it will return if he will successfully gain in trading. But unfortunately, it isn't, he loses everything.

However, in trading, we should have self-discipline to avoid/lessen the bad effects in our personal life.

When I may be able to reflect on my trading before, there are tons of actions that I tend to learned. My emotions was uncontrolled way back then that affect my mood whenever I am losing in trading but then it wasn't healthy that is why setting goal is important to somehow control the emotions. Let's also be honest here, good or bad outcome in trading affects our mood as well as our visions in life.

If a trader has enough confidence, an optimistic mind and a good management plan. It may have a great effect in our personal life.

Good to find out you finally handled it!


Actually it is not compulsory trading to affect the "patient" side of one's life. Some are patient naturally.

We all have different aspects in which trading has affected us either positively or negatively.

 

I was looking out for patient actually because a trader that doesn't drink the patient water goes no far in trading. Impatient makes you jump into salty water if you understand what I mean So I saw the big part, money in the bank. Yeap, good trader makes sure money.

When I was into forex trading, my results were not good to keep my capital growing which affected my entire life, yes I got impacted on my personal life and career as well. When we are profitable at trading then only we can see positive impacts otherwise trading may turn cruel beyond the limit you could imagine. I kept adding money into my forex account by getting loan to recover losses until I got into crypto trading.

With crypto trading, I am somehow successful and I am slowly regaining my social reputation. So far I have repaid all my loans just from the profits of crypto trading. I have lost my job due to forex trading but now l am living just from the profits of crypto trading.

Luckily, I managed trading not to impact on my level of emotions in any manner. I just trade and leave off before it is impacting into my psychological levels.

Losing and gaining money is part of trading but if it has an effect on one's personal life, it can stand as an advantage or disadvantage 

Trading has caused various positive and negative factors in my life.  For example, to talk about the negative aspects, my biggest source of stress in my life has been trade.  On the other hand, losing money at some times was a huge disadvantage for me.  Of course, besides all these, I have earned a lot of money from time to time.  So, it is not very correct to consider losing money and making money as an advantage and disadvantage.  I also learned how to control money or invest money in my daily life by trading.  In general, I think that trading gives me more advantages.