Topic: Trading addiction, are you coping? - page 2. (Read 1224 times)

Trading addiction is much better on gambling addiction on which we know that significant difference in between two on which you are dealing in between a thing that could potentially make you earn and something that could potentially getting wrecked because of such high risk which is on gambling. Investment/trading/business is something that different if we do speak about gambling and it would really be just that common sense
on which one would really be worth on investing or putting your money into. Trading addiction might sounds negative but it is actually beneficial as long  you dont have that gambler like mind or action
kind of approach towards it on which you would really be trading it up and continously learning up on the things that you've been dealing with which it would really be making  you a better
trader as you do go ahead. Doesnt need to cope up as long you arent really that imposing such risks about your finances or financial in short.

This is an excellent article on the subject:


Source: https://www.familyaddictionspecialist.com/blog/am-i-addicted-to-day-trading-10-signs-you-are-addicted-to-day-trading-and-what-to-do-to-stop

well, it seems that addiction to triad is not very different from addiction to gambling, alcohol, sex, stealing and lying. but if we look particularly at addiction to gambling, we realize that it has a lot in common with addiction to gambling, because both addicts isolate themselves from society, and because the person spends the whole day on the computer and is isolated from people, he opens up space for the person to play non-stop, it opens up space for the person to be watching the chart all day, but we also have to note that if we look at the numbers (I don't know where to find a detailed statistic about the number and age and sex of trade addicts ) we will see that the number of addicts in trading will be a very small number of people and the reason for this is very simple: trading is very tiring and does not bring results

being more specific, when a person takes 500$ and trades and only manages to make 3 or 5$ of profit while that person spent hours on the computer, that person tends to give up on the trade, even if that person loses everything, he will give up because It's easy to see that trading doesn't bring big profits, so this isn't something that most people are interested in, and it's very different from gambling where with little you win a lot when you're lucky and that's why people get more addicted in gambling than in trading

How many people have come forward to say that they made millions of dollars from trading? I don't see it, but I've seen many people on TV who bought lottery tickets and won millions, my point is that the number of trade addicts is low and there is little chance of anyone getting addicted to trading

I could say that I've almost fallen for trading addiction but compared to gambling, its risk is different. As long as you're skilled enough and know how to deal with the risks of trading, getting addicted to it will not give worse results. As long as you manage your finances wisely and trade with the confidence of making the right decisions, your addiction could still turn into generating profit.
I think trading addiction will only provide negative results if we are using most of our assets with no control and if we are risking everything just to fill our urges. It's fine to aim for higher profit but putting limits is still important. Trading is addictive but we should only take the positive side of it.

Even without funds to trade hommie, once you are addicted to this trust me there is no going back, i have practiced it over and over it didnt work. my morning routine is once am done with house chores am on the chart doing one or two currency pairs analysis. like i dont know if am possess i cant stay a day without looking at the market both CRYPTO AND FOREX.

When things turns out to be too much or something that is really that more than on usual then it would be considered out as addiction because obsessions is something that could be having the similarity but of

course it would really be still in controlled manner since you could be able to know and be wary in towards your actions.You cant really just that able to resist because you know deep inside that dealing up with something like trading could give out that kind of benefit which is something that i do consider if i do see myself get addicted. It is really that there are people who couldnt really just make
out good decisions basing on what they are really that currently dealing with or whatsoever things that they would be able to encounter.

People get addicted to trading.
Is there a difference between that and developing an obsession for trading?
Trading doesn't offer any sort of intrinsic reward for people to get addicted to it.
Well, I know, one time when I was still learning, I would spend day and night on it. If I wasn't reading charts, then I was reading a book on trading or I was listening to my favourite trading podcast.

Trading and gambling are completely different things because in gambling if you loss then you will be addicted to recover that losses but unfortunately you loss all your money but on the other hand in trading people use it for good purpose they don't get addicted but they perform it like a part time job. I will say that trading do not lead the people to wrong destination but the gambling  can do it. In trading when people just lost money for only two times they get rid of it because they don't have any knowledge whereas in gambling there is no need of any knowledge they think about something if it happens in their favor they win and if happens against their hopes so they loss. trading provides opportunities to those individuals who are jobless and cannot find job easily so they enhance their money through trading.

the financial market is designed to take advantage of human inefficiencies and cause many traders to lose money. being addicted is just one facet of the problem.

To avoid falling into a trading addiction, here are some tips:

Set clear trading goals: Define your trading goals and stick to them. This can help you avoid getting caught up in the emotional rollercoaster of trading.

Develop a trading plan: Create a detailed trading plan that includes entry and exit points, risk management strategies, and a clear understanding of the market you're trading in.

Limit your trading time: It's easy to get caught up in trading and lose track of time. Set a limit on the amount of time you spend trading each day to avoid burnout and addiction.

Take breaks: Take breaks from trading regularly to clear your mind and maintain a healthy work-life balance.

Seek support: If you feel like you're struggling with trading addiction, seek support from friends, family, or a professional therapist.

It doesn’t passes quickly for everyone. Many peeps are not getting over it in long run. They simply end up in huge loses because they keep trying to recover the previous loss and once they do their greed Never stops. They will again jump all in and try to make their way towards profit. I completely understand that one should keep trying hard but when it comes to trading, there is way to do it. There are skills to adopt and learn to tackle the repeating losses. You have to have proper knowledge regarding trading. Whether it is TA or simple FA, you can’t just predict the trade out of blue without them. Look at the rehab story, it clearly mentions at what gravity things can escalate in trading world. That’s why #hodl.

I really don't get the concept of addiction especially with regards to trading and now remember that there are people who are professional traders,( people who live all their lives from trading profits.) And there is also a saying that one should love his work and have dedication to it and why does it now seems bad for someone to make trading an addiction provided there are profits associated with it.
I guess the only reason one should be checked or rehabilitated is if there is a continuation despite several severe losses in the market and maybe leading to borrowing to trade or selling to trade, then that person should be checked and not just allowed to trade because trading isn't illegal.
Traders should try as much as possible to watch their greed level and try not chase after their losses by so doing, might reduce the risk of negative addiction.

The reason why addiction is used here is because we all know how trading is,that is as risky as anything,and when one is trading without experience and knowledge,there is every tendency that the person will lose and continue losing.And in a case where the person doesn't want to learn or get someone who will mentor him on what to do in trading,he will definitely wallow in the inexperience and continuous failure,and the worst will be when he gets addicted to it as  a result of the thought that one day,he will win it big.And this same reason is why gamblers who are addicted to gambling find it difficult to leave,because your mind is all focused on the imagination that in as much as someone else has won it  big through gambling,yours will definitely come, forgeting the fact that grace differs.

Trading addiction isnt really that alarming as long you are still that in tact with your senses specially in regarding with financial control and making up positions sensibly without having that rush decision
on making up your trading orders. Dont chase up losses and this is the primary rule just like in gambling, we know that trading becomes a gambling on the time that you arent following any more rules
or analysis that you had able to make off and this is why it would really be just that right that you should really be that mindful on whatever actions you would be doing along the way.
Trading isnt gambling but it would become if you are really not doing those basic rules and conditions specially on trading career.

^It is a simple answer, take a break.
Taking a break would be definitely a good idea when you are in trading but you feel that you are coping with addiction.
Because for me, it could be trading addiction only becomes an issue when it causes a person to continue trading despite experiencing consistent losses, which can be detrimental to their finances and overall well-being. In short, you are too much greedy in trading and thinking too much profit or chasing your loss which makes your decision becomes worst.

I think that some of us at some point have been through this trading addiction, but it passes quickly when the addiction turns into losses, because obviously we don't like to lose money, and here in trading there can be no addiction if it is loses money, because it is something that does not make sense, if we see it from the point of view that it is earned and earned, it is not so bad, it is something that can be given, and it is even something pleasant to do, but if the person loses and loses I don't see the taste, trading is not like gambling and I think many people confuse it, gambling is all luck, it is random, in trading it focuses more on knowing.

Trading addiction, if I personally deal with it by stopping if you feel too obsessed. If you start to feel obsessed with trading or find it difficult to control your emotions, stop trading for a while. Talk to friends or family or seek information if needed.

Remember that trading is an activity that involves both risk and reward, and it is not suitable for everyone. Make sure we understand the risks associated with trading. This is also important, determine profit and loss targets before starting trading. If we hit our profit or loss targets, stop trading for the day immediately.

Of course, when compared to gambling addiction, it is better to be addicted to trading. In gambling we only rely on luck, while in trading there is science that governs whether we will experience profit or vice versa.
But the problem is when they are addicted, they will lose control over themselves, that is the real problem. They may be able to analyze well, but the analysis cannot be done in an uncertain emotional state, there must be calm within us to see maximum results.

If it did end up on an addiction and turns out to be beneficial or something that they could make money then of course it would be something worth on sticking it out because we know on how important on making or having an income via trade which not everyone could easily pull off.
I did really come into a point on which i do have that called addiction on trading which i cant really be able to resist on not to make up some trades even on just 1 day which i dont really skip out.
Even when it comes to chart or price checking then i cant just missed out any single moment because i dont really like on missing up something which it is really a solid indication that you
are really that addicted to it but this is somewhat on the positive side of things.

I agree.

Sometimes it's not just about greediness, it's about the ego and also emotions at the same time. So the end is they will gone berserk, entering random trades with pure guess technical analysis hoping to gain back their losses but in the process, the truth is they are just piling up their losses instead because of their reckless decisions. And that's the time where they need help, a professional help, because their families or even relatives can't fix them.

To come up with that condition for sure a person is paying to much attention on what they are doing also they became knowledgeable trader for reaching that situation so quitting maybe a not good advice to be given if they are earning good profits with this since this is good addiction to take. The only situation where they need to stop if they lose and start to do unpleasant things maybe that should needed to take care with their relatives before it result to more worse situation.

Trading addiction is a gradual stuff that develops over time knowingly and unknowingly if not taken care of at the appropriate time, if a trader happens to notice is becoming so addicted to trading, best thing to do is pause trading for some days in order to get your emotions back. Lastly, Greediness is a major factor that contributes to people trading often because they wants to gain everything and in the process lose everything .