Trading addiction, are you coping? - page 10.

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Quote from: Oshosondy on February 07, 2023, 02:24:03 AM

I think it would be perfect to bring this trading discussion. Are you addicted to trading? I am thinking that making profit from trading or making losses, there is a chance that some traders are addicted to trading. What are you doing naturally to stay away from trading addiction?

Cant really be that called an addiction honestly yet we know that this is one of the ways for you to make money or income that could last up for entire lifetime if you do able to take a good grasps on it.

I was surprised that it is really that tended to be included as one of those addicted things that could really be done considering that this is an investment and something worthy for you to deal off with.
If they are really that believing then its their own ways and methods but im much sure that they wont be able to get one who would tend to get in just because they do see that they
are really that addicted to trading.Its not something that a certain person would boggle on.

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Quote from: bitzizzix on February 07, 2023, 08:19:44 AM

If trading is the same as gambling, then all traders in the market must be arrested by the police for gambling. And if someone is addicted to trading and continues to lose money, that is a stupid trader and should be advised or treated. But if a trader is always profitable even though there are some losses that can be called addiction, which in my opinion trading is like any other job and it also requires time, knowledge, mastery related to the whole trade, as well as skill and discipline. To be able to do it.
and when compared to gambling, and what distinguishes buying and selling from gambling is that the results of buying and selling are determined by the market, while gambling is determined by the dealer. Whatever calculation you want, if the dealer wants you to lose, you will lose.
and for trading stocks, crypto and others, is there a bookie.

It is actually. Trading is the same with gambling due the amount of risks involved but there is no way they will arrest the traders since it wasn't a crime unless only if trading crypto or crypto itself is banned on that country. Gamblers are not also arrested for gambling but they will only if they are now an addicted and do some crimes like stealing, only to play gambling again.

In gambling, the outcome is not determined by the dealer because they are only just a host there and they can't manipulate the game in any way. The outcome depends on the gambler themselves. If they are lucky and skilful (for some type of games) then they can profit.

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Thats is alarming for all the crypto traders that have in this addiction , My personal experience is that we have to control our emotions in this field because if you come and trade like gamble then there is no any difference between a trader or a gambler And after the addiction is getting verse and you may lose all your wealth , So make limited number of trades and when your lose limit reaches stop trading .

palle11

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I think addition is what we like to do despite the challenges that we face in it and the negative result that we get from it, so in regards to trading it can also be an addition but not that of gambling but of course it is an addition when we are either losing money from it or that we are not getting adequate and good result from it . In this I think those who are finding it difficult to make profit in trading are kind of in this category just like the gambling addicts also

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If trading has become an addiction, of course you can guess how often to trade. But can the effects of trading addiction be positive or even more detrimental.
If there is too much loss, this is because addicted traders continue to have the ambition that they can benefit from several series of losses that have been made, so a lot of money is wasted because there is no more control over the trades that are made.

Trading addiction may occur due to a number of reasons such as the urge to continue to seek profits, overconfidence, and dependence on the sensations and emotions associated with trading.

This addiction will also lead to depression, stress and some serious financial problems for those involved.

To avoid trading addiction, it is advisable to understand and limit the risks associated with trading, create a clear trading plan and discipline to follow the plan, and limit the time spent on trading. If you feel that trading has taken over your life and affected your emotional and financial well-being, it is advisable to seek professional help.

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Say is not really understanding how it can be addicted to trade. I mean in this case trade is different from gambling and other types of addiction. Where is the trade addiction only in 2, which is the choice of profit and loss? But does it make sense to addicted due to loss? Or the person cannot distinguish between crypto trade from gambling. Somehow a person's condition when addicted to Crypto trading and indeed just heard a case like this.

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If trading is the same as gambling, then all traders in the market must be arrested by the police for gambling. And if someone is addicted to trading and continues to lose money, that is a stupid trader and should be advised or treated. But if a trader is always profitable even though there are some losses that can be called addiction, which in my opinion trading is like any other job and it also requires time, knowledge, mastery related to the whole trade, as well as skill and discipline. To be able to do it.
and when compared to gambling, and what distinguishes buying and selling from gambling is that the results of buying and selling are determined by the market, while gambling is determined by the dealer. Whatever calculation you want, if the dealer wants you to lose, you will lose.
and for trading stocks, crypto and others, is there a bookie.

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Addiction from trading or more like treating depression from losing a lot of money? I would choose the latter as a more valid reason to be confined or rehabilitated hehe. They just needed to put a new name to it for distinction and it's probably the same how they came up with the term "gambling addiction".

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Quote from: Oshosondy on February 07, 2023, 02:24:03 AM

I read a news yesterday about a Spanish rehab center that is called 'The Balance', a Switzerland-founded wellness center, located in Spain. The Rehab center helps in treating of alcohol, drugs and behavioral health addictions. Recently it is adding trading addiction to its list and I was surprised to see that. You can read more about it:

The rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an "extreme" addiction to crypto trading.
https://cointelegraph.com/news/spanish-rehab-center-adds-crypto-trading-addiction-to-services-list

I think it would be perfect to bring this trading discussion. Are you addicted to trading? I am thinking that making profit from trading or making losses, there is a chance that some traders are addicted to trading. What are you doing naturally to stay away from trading addiction?

Surprised? We can't truly be surprised. Mere Plebs like us trading, especially if trading shitcoins, is more related to gamblng than investing in my opinion. Drawing lines in a chart, doing all those "estimations", pretending that we know what we're doing, then HOPING that we take could some profit during the next hour, day, week, or month is not real trading, it's blind risk taking/gambling.

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Interesting. I can definitely see this happening since it involves money. People are usually recommended for rehab if they become a danger/risky to themselves and/or to other people, and money is pretty much vital to live normally hence if one becomes addicted, then they're likely just blowing money... keep that up and you'll be broke soon.

From a non-professional perspective. One way to tell the difference between normal and addicted traders is how dependent they are to it. For instance, those who suffer from addiction could experience withdrawal symptoms if they stopped trading and is basically mainly trading to feel good/satisfy themselves.

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Quote from: GreatArkansas on February 07, 2023, 03:20:19 AM

I am curious about how they become addicted or what are the things or basis you can admit that a person is on trading addiction, it's only when you are in huge losses and you still trading. Or you are in huge debt because of your losses on trading?

I think anyone that is losing and keep on trading and losing more and more would be the one that will do this kind of thing, anyone that is making money from trading but addicted will not want to seek for something like this, that is my guess. Just like gambling addiction, those that seek help are those that are losing money.

Quote from: xSkylarx on February 07, 2023, 04:23:45 AM

The only thing that I can think of that makes a trader addicted is that he keeps winning and earning huge profits, which gives you an addictive effect as you are earning big and you are still hungry for more, but it is more related to greed.

I do not think so. Someone can trade and lose, look for money again and trade and lose again and again. This happened to me when I started to trade as it happened to me when I was addicted to gambling also. Trading addiction can be similar to gambling addiction.

Quote from: rat03gopoh on February 07, 2023, 04:59:26 AM

I just think about futures trading as having the same risk as gambling imo, I've heard the term "chasing losses" where it's possible by increasing the leverage if they also limit their trading time. Even though the article doesn't mention on what kind of trading most of the patients' addiction problems are, I'm sure they're mostly activists of that type of trade.

Just as in gambling, chasing losses in trading is the time a trader is most prone to money loss, be it future trading or spot trading, but spot trading is far less risky than future trading that you can increase your leverage which makes trading fund liquidation easy.

Quote from: Zaguru12 on February 07, 2023, 06:03:34 AM

Gambling of any sort creates addiction and in cryptocurrency trading seems more like gambling especially Altcoin trading.

Trading bitcoin can also be very risky, at least I traded altcoins and I gained before, I traded bitcoin and also gain. I have traded bitcoin and I lost and I have traded altcoins and I lost. Trading a particular coin require different leverage. You can even reduce the leverage while trading altcoin because of higher volatility and trading fee will reduce.

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If people are losing trades, they still need to learn more about trading and analyze what went wrong with them. This is called introspection to find out what has happened and to be able to learn from experience. But sadly, not many people are able and willing to do this and they tend to repeat the same mistakes.

And if they get addicted to trading, it's fine as long as they can make a profit. But if they suffered a loss, they should fix this. Maybe they need to arrange a schedule for when to trade and when to do other things, including recreation. Maybe learning to time trade is really needed in this case so he can do other things.

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Quote from: Oshosondy on February 07, 2023, 02:24:03 AM

...The Rehab center helps in treating of alcohol, drugs and behavioral health addictions. Recently it is adding trading addiction to its list and I was surprised to see that. ..

Any dependence, including trade, primarily depends on the person himself, and if a person is prone to such dependence, then it will necessarily manifest itself in any area in which he will be active. Thus, a person will experience psychological discomfort, which will force him to perform certain actions that bring him satisfaction. Therefore, each addiction should be considered as a disease requiring treatment.

Zaguru12

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Gambling of any sort creates addiction and in cryptocurrency trading seems more like gambling especially Altcoin trading. Investing isn’t addictive but trading surely does since it requires one to be continuously checking charts frequently. If we look at exchanges they have features like spot and leverages. Traders in leverages will continuously be hoping to gain profit every time and once this is achieved it sometimes creates dopamine which is an hormone that transfer feel good pleasure to the brain and thing apart from this create gives the trader some shock since he is expecting a profit always and this is certainly an addiction.

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Quote from: Oshosondy on February 07, 2023, 02:24:03 AM

Are you addicted to trading? I am thinking that making profit from trading or making losses, there is a chance that some traders are addicted to trading. What are you doing naturally to stay away from trading addiction?

Very few people can realize that they will get better profit with investment than with trading. Because investment requires many special and hard-to-meet characteristics: patience, determination and strong mentality to stand with our investment decisions.

Many of us choose Bitcoin for investment but most of us failed to hold it long enough to gain profit.

Trading is very opposite to investment. You can gain profit after a few minutes, few hours or few days and it is more attractive than investment. As a consequence of its attraction, people are more addicted with gambling than with investment. After they have one or a few successful trade positions, they can not wait for market correction and they always look for other opportunities as fastest as possible.

Unfortunately by addicting to trading like this, they will be more vulnerable with market corrections, liquidations and will get big loses.

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Quote from: Oshosondy on February 07, 2023, 03:18:07 AM

Trading and gambling are not the same, but they are both risky. Gambling may not bring any hope of profit if you learn about it, but trading can bring that, I understand too. But some people are losing in trading just like some people are losing in gambling. This can be for such kind of people. Some people do not know the strategies that they can use to trade and they keep losing, it may be possible that this kind of people can get a solution of their addiction from the rehab center. I do not think the rehab center just added it, it would be because many people are asking if they are rendering that kind of service. It is a guess though, but that is how business is.

I just think about futures trading as having the same risk as gambling imo, I've heard the term "chasing losses" where it's possible by increasing the leverage if they also limit their trading time. Even though the article doesn't mention on what kind of trading most of the patients' addiction problems are, I'm sure they're mostly activists of that type of trade.

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Quote from: Questat on February 07, 2023, 03:01:49 AM

Trading addiction is too different from gambling addiction or any of those you have mentioned and I think it was not necessary to be in rehab to cure such addiction. It was indeed becoming an addiction if we are in profit. Why do we have to submit ourselves to such a place if we know that we are addicted for good, not like in gambling we lose more?

Might this thing exist but I don't think anyone will do this.

If in that case, you make a lot of profit trading, then there is no need to detox from trading. But there are also many cases of continuous losses and many people also can't control their behavior, even leading to debt because trading clearly needs detox. Once called addiction, I think it is no longer good but bad, trading addiction, I will call it like gambling addiction. No one calls those who make profits addicts, but those who lose continuously and keep trading will be called addicts.

xSkylarx

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The only thing that I can think of that makes a trader addicted is that he keeps winning and earning huge profits, which gives you an addictive effect as you are earning big and you are still hungry for more, but it is more related to greed. Also, we can't compare losing to trading in gambling because in gambling, if you are losing, you'll tend to chase it back and also have fun with it, unlike losses in trading, where you'll be thinking of quitting as you'll be struggling a lot.

GreatArkansas

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I was surprised about this topic because it seems they are treating trading is gambling and I'm sad to find out that their cryptocurrency trading is involved here.
I am curious about how they become addicted or what are the things or basis you can admit that a person is on trading addiction, it's only when you are in huge losses and you still trading. Or you are in huge debt because of your losses on trading?

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Quote from: Questat on February 07, 2023, 03:01:49 AM

Trading addiction is too different from gambling addiction or any of those you have mentioned and I think it was not necessary to be in rehab to cure such addiction. It was indeed becoming an addiction if we are in profit. Why do we have to submit ourselves to such a place if we know that we are addicted for good, not like in gambling we lose more?

Might this thing exist but I don't think anyone will do this.

Trading and gambling are not the same, but they are both risky. Gambling may not bring any hope of profit if you learn about it, but trading can bring that, I understand too. But some people are losing in trading just like some people are losing in gambling. This can be for such kind of people. Some people do not know the strategies that they can use to trade and they keep losing, it may be possible that this kind of people can get a solution of their addiction from the rehab center. I do not think the rehab center just added it, it would be because many people are asking if they are rendering that kind of service. It is a guess though, but that is how business is.

But as for me, if anyone is making money from trading but addicted to it, it can still cause problem for the person later, the person need to find some time for himself for recreational activities that can help his health, no need for rehab center for that, it should be for those in losses, having time to trade more and lose more.

If trading is well studied, you can make profit, but some people just use it to gamble while some people just do not have enough knowledge and experience about it.

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