Trading addiction, are you coping? - page 7.

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

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?

Can someone be addicted to trading? This is very surprising to me and I am still still skeptical about this.
I know by the time we starting losing big money the trading addiction might want to take a leave. Trading is very hard but we are obviously deceived that trading is very easy. Nothing easy especially if you are a trader trading with other people money that is not your own. That is when we will know how difficult trading can be. I have lost money in trading many countless times and that prove to me that I can never be addicted to what takes my money aways. That moeny can be used to pay bills tham giving it to the market.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: Adbitco on February 13, 2023, 05:10:50 PM

Quote from: milewilda on February 13, 2023, 03:35:32 PM

When we do talk about being addicted then this would be pertaining into those who are really that making up trades on active manner specially those scalpers and daytraders which is mostly the case.
We cant really be that so sure on how these fellas considering out on being addicted, maybe on some keypoint or area but we know that this is a normal type since there are really indeed people
who do love on dealing up with things on active manner plus trading is really good for long term aspect when you do have a good grasps on it then you would definitely be making
yourself having that source of income possibly that could lasts for long or your entire lifetime.

If you talking of trading is good for long time, there no comparism to say trading is good for long time besides how long do you think of trading? I am only assure of buying holding, at this point one may decides to buy some reasonable assets and hold for long time and after expected time has come to the maturity date then they may decide to sell. Otherwise you wanna tell me that one should trading without having a rest, and if this is applicable then we can say to might bridge some law of trading imo.

Thesedays people tend to confuse about the actual addiction and trading in a risky margin while the authentic trading are not that as dangerous as gambling addiction , too much trading products and people just call it trading for whatever it is , especially it's linked in crypto.

People being so sensitive especially in a place where crypto hated , they will do everything to make crypto completely a wrong thing.

qwertyup23

hero member

Activity: 2268

Merit: 789

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.

I am actually surprised that they specifically and categorically included "extreme trading" as part of their platforms in treating such addiction. I guess in Spain, people are known to trade huge amounts of money and suffer from losses? I mean, the fact that they recognize that this is a problem implies that lots of people in that country do suffer from it.

Quote

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?

I once traded in stocks and it was fairly addicting especially if you start earning some profit. But unlike in gambling, trading has actually some skills and fundamentals involved in order to increase the chances of you profiting. You basically apply real-life knowledge, forecasting, and data in order to analyze a given coin and somehow forecast when its price would drop.

If a person thinks that he/she is addicted to trading, then looking for an alternative way or activity may help. In addition, acknowledging that you are also addicted to it definitely helps as this would alert your peers and close ones to help you in treating this addiction.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Quote from: milewilda on February 13, 2023, 03:35:32 PM

When we do talk about being addicted then this would be pertaining into those who are really that making up trades on active manner specially those scalpers and daytraders which is mostly the case.
We cant really be that so sure on how these fellas considering out on being addicted, maybe on some keypoint or area but we know that this is a normal type since there are really indeed people
who do love on dealing up with things on active manner plus trading is really good for long term aspect when you do have a good grasps on it then you would definitely be making
yourself having that source of income possibly that could lasts for long or your entire lifetime.

If you talking of trading is good for long time, there no comparism to say trading is good for long time besides how long do you think of trading? I am only assure of buying holding, at this point one may decides to buy some reasonable assets and hold for long time and after expected time has come to the maturity date then they may decide to sell. Otherwise you wanna tell me that one should trading without having a rest, and if this is applicable then we can say to might bridge some law of trading imo.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: Zilon on February 13, 2023, 01:49:24 PM

I still find it hard to believe a trader who has the right concept about trading will ever get addicted. I am not saying people don't get addicted they do but obviously not traders, i chose to classify those who fall victim to this as gambling traders who rely more on their instinct that analysis. A real trader who is patient enough to wait until his strategy are clear before they trade hardly get addicted, it is just like saying a business expert is addicted to their businesses.

In futures maybe it is possible. I knew someone, not a friend of mine who was very addicted to futures and I am very disappointed to that person because he just follow his gut instead of making a little more effort to see that chart, he always choose cross as well with 75x the money he is spending is about $500 per transaction above. Everyone in our circle laugh at him because we can see that he is just showing to us that he has money but all I can see is his ignorance and pride. With that, I can call it addiction.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Playgram - The Telegram Casino

Quote from: KingsDen on February 13, 2023, 08:07:15 AM

Both trading and gambling are related. They both involves making profits and losing money. And that is also why both traders and gamblers are advised to invest or gamble what they can afford to lose.
In as much as there are gambling addicts, there will also be trading addicts. It is very easy to get addicted to something. The best thing to do is to trade with care and not trade ever time.

Reduce the intensity of day trading, and yes I think that can help reduce some of the urge to get too addicted to trading. I think the main problem of trading addiction that most people fear is big losses and hard to accept losses, it's almost like losing at gambling so revenge trading will be the most likely for them to do.

Unknowingly someone has been addicted to something, including trading. But as long as these traders are able to make worth it profit, then I guess their trade is working.

Franctoshi

hero member

Activity: 966

Merit: 588

I guess the rate of people we have in trading addiction will be far less than what we have in Gambling addiction, Trading needs focus and attention and could take so much of your time as beginner and advanced trader doing market analysis. But how to go about escaping this addiction is by guiding yourself with time, that's when to enter the market and when to exit the market, so when you end up spending more time and staying beyond this given time, this will tell you're likely becoming so addicted to trading and should Immediately adjust.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Adbitco on February 13, 2023, 03:14:07 PM

When we talk of trading there are forms of trading which I know many does. Let say, we have the daily traders, weekly and monthly traders, then we have those who scalps meaning these sets of people don't trade at any point. They only buy and hold for just some little changes in the market and they sells off. These sets of people can not be an addictive trader, but when we talks of the daily trader, this people mostly encounter many challenges with either making lost due to the over anxiety of increase their daily earnings.
The weekly traders only sets a trading targets and places a buy or a sell order whenever the market gets to the point it's automatically triggered, so is applicable to the monthly traders this requires only those with lots of funds to execute this otherwise might ran out of equity.

When we do talk about being addicted then this would be pertaining into those who are really that making up trades on active manner specially those scalpers and daytraders which is mostly the case.
We cant really be that so sure on how these fellas considering out on being addicted, maybe on some keypoint or area but we know that this is a normal type since there are really indeed people
who do love on dealing up with things on active manner plus trading is really good for long term aspect when you do have a good grasps on it then you would definitely be making
yourself having that source of income possibly that could lasts for long or your entire lifetime.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

When we talk of trading there are forms of trading which I know many does. Let say, we have the daily traders, weekly and monthly traders, then we have those who scalps meaning these sets of people don't trade at any point. They only buy and hold for just some little changes in the market and they sells off. These sets of people can not be an addictive trader, but when we talks of the daily trader, this people mostly encounter many challenges with either making lost due to the over anxiety of increase their daily earnings.
The weekly traders only sets a trading targets and places a buy or a sell order whenever the market gets to the point it's automatically triggered, so is applicable to the monthly traders this requires only those with lots of funds to execute this otherwise might ran out of equity.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

I still find it hard to believe a trader who has the right concept about trading will ever get addicted. I am not saying people don't get addicted they do but obviously not traders, i chose to classify those who fall victim to this as gambling traders who rely more on their instinct that analysis. A real trader who is patient enough to wait until his strategy are clear before they trade hardly get addicted, it is just like saying a business expert is addicted to their businesses.

goldkingcoiner

legendary

Activity: 2240

Merit: 2003

A Bitcoiner chooses. A slave obeys.

Alright, time to get a bit philosphical:

Is it considered an addiction if you do not make any losses or is it only an addiction if you start losing money because of bad trades? In other words, if you cannot stop doing it because of the rush of dopamine, but it does you no financial harm, is it considered bad?

From a ethical and/or moral perspective, both of these situations are technically considered addictive behavior and therefore should lead to something bad, sooner or later - if public opinions of addiction are your ethical guidelines.

Cryptomiles1

full member

Activity: 798

Merit: 134

Most at times when someone ask about this trading addiction it makes me remembered gambling addictions because most of them are like, but to control this feeling one has to reduce to taste for making gain or profits otherwise it's could be very hard to control.
It's better to stay away from trading whenever you made lost, because when you tried to chase lost you keep losing.

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

After reading the few comments above on this page I am to the conclusion that Trade addiction is worse than drug addiction haha my fellows above are talking like trade addiction is like the trader might have greedy emotions or might have some psychological problems, But dear first of all when it comes to addiction you need to find out are you are addicted as you know sometimes you think like you are addicted but actually that comes under a normal scenario.

So Trade addiction might lead you to financial losses but at the same time if someone is experienced and has tremendous skills then bro it won't be called addiction. It can be a greedy approach. I would like to say addiction can call for a person who took his first trade and got profit and then decided to trade regularly and now he is like crazy for obtain some results from trades this type of person can be called a trading addition.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

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?

No, we have seen many discussions to compare trading with gambling; in similar manner the addictions caused by trading is very much equivalent to gambling addiction. Moreover, people who are approaching trading in gambling way, might fall into its addiction. It means if you are trading in recommended way then there could be very thin chances for you to be addicted to trading. But, usually we are not bothering about trading addiction as trading is not being considered as evil as gambling.

But, when we are not making money out of trading or gambling then its addiction is not having any big differences. So, addicted to trading is also must be a serious problem and must be treaded accordingly.

Mate2237

hero member

Activity: 700

Merit: 577

Hire Bitcointalk Camp. Manager @ r7promotions.com

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?

Op you have to know that trading is a business so I can't really say it is addicting. Because in a business one, which is the owner has to buy and sell constantly to make his or her profit so with that she or he might be online all time to monitor the movement of the market whether it will be favourable at a particular time or it will favourable at the time. That is is why some traders set a particular time for there trading. Once the time has reached, they would open the trade and buy and sell immediately and closed the market.

inthelongrun

hero member

Activity: 1862

Merit: 601

The Martian Child

Quote from: AbuBhakar on February 10, 2023, 01:10:28 PM

Quote from: inthelongrun on February 10, 2023, 09:13:30 AM

There was a time when I always want to have a buy and sell daily. Luckily for me, I am not much into futures since I felt like I am more enjoying the traditional spot trades. So I did a lot of daily trades although some of them are into my local stock market. I lost thousands of dollars at that time, but I cannot imagine if I was doing it on futures, I would've lost all my assets. And as most people do, I also learned the hard way. There's a lot of fun stuff to do in this world so diverting is not that hard to do and I was able to stop myself from trading for a while.

I do have some investment in our local stock market, when it comes in trading there it is much safer to hold their especially if we know that those stocks are from top companies however it will take more time unlike in crypto which will require us to focus on trading that can cause addiction since the price is moving too fast and the market is too volatile so we must be attentive in what's happening in the market since many altcoins are prone to be a scam when they walk out. As long as we know the project were investing it will lessen our problems to be involved in having addiction.

Yes, our local stock market is safer if we stick to the stocks owned by the top companies. But I did try those low market cap stocks and they are just the same as the altcoin market in crypto. I even purchased DITO at P17 and if I am right, it is now trading at P2. I have no updates anymore after deleting the Investa app. I still have around 15 stocks there. My plan is to transfer them to crypto this year or next year if our local stock market won't improve.

Quote from: Issa56 on February 10, 2023, 04:15:09 PM

Quote from: inthelongrun on February 10, 2023, 09:13:30 AM

There was a time when I always want to have a buy and sell daily. Luckily for me, I am not much into futures since I felt like I am more enjoying the traditional spot trades. So I did a lot of daily trades although some of them are into my local stock market. I lost thousands of dollars at that time, but I cannot imagine if I was doing it on futures, I would've lost all my assets. And as most people do, I also learned the hard way. There's a lot of fun stuff to do in this world so diverting is not that hard to do and I was able to stop myself from trading for a while.

Being addicted with trading on spot is really better to me, but being addicted to trading on futures is when their is always problem, when I started learning how to trade I started on spot trading, but later I discovered futures and I gave it a trial, I noticed with just little money, I was making reasonable amount of money and I was enjoying it, I was gradually getting addicted to future trading, then I started losing, but it was kind of difficult for me to stop it because of the high profit that's in future trading, to cut the long story short, I moved all the money in my spot wallet to futures and I wasted all the money on future's, but since then I haven't tried future trading again.

Futures is probably the worst when it comes to a trade addict as our capital can get to zero within a few minutes. I also tried it there before but I haven't experienced losing big amounts. It's nearly a year now since trading futures. Hopefully, I won't get tempted again especially when the market seems bullish but still unpredictable.

KingsDen

legendary

Activity: 1288

Merit: 1081

Goodnight, o_e_l_e_o 🌹

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

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?

Both trading and gambling are related. They both involves making profits and losing money. And that is also why both traders and gamblers are advised to invest or gamble what they can afford to lose.
In as much as there are gambling addicts, there will also be trading addicts. It is very easy to get addicted to something. The best thing to do is to trade with care and not trade ever time.

indah rezqi

hero member

Activity: 1512

Merit: 874

Quote from: Wind_FURY on February 13, 2023, 12:08:54 AM

I believe if a trader is addicted to trading, especially short term trading/day-trading with leverage, even if he/she is skilled, he/she will always be prone to loss because addiction will lead anyone to over-trading. A psychological defects addicts have is the inclination to keep doing what they want for the dopamine rush, not for what they can get from the activity.

Any activity that is carried out excessively will have a worse risk. I don't know how true that statement is, but trading addiction is probably one of them. Day trading or any other type of trading done on shorter time frames can be addictive. But after all trading addiction is no worse than gambling addiction. I mean when an asset we are trading goes down any time then we still own that asset until we sell it low. But if traders want to survive, they must have nothing to lose except for the fluctuating value of their assets.

Good self-control and finances will help traders get good results on trading. That includes their pattern of trading as well as the number of entries they make in a day.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Wexnident on February 11, 2023, 09:57:13 AM

I just wonder if there could be any more info about being addicted to trading. The article only gave out checking prices constantly, even in the middle of the night regardless of everything or anything. I mean I've been there, but I wouldn't have considered myself addicted to trading (and it was rather light, definitely didn't wake up just to check prices). Well, I definitely felt the stress of trading, I wasn't even aggressive heck I was actually scared of every drop to the point where I lose money instead of profiting.

And honestly, if you have the skills, I'd consider addiction to trading be well worth it at some point.

I believe if a trader is addicted to trading, especially short term trading/day-trading with leverage, even if he/she is skilled, he/she will always be prone to loss because addiction will lead anyone to over-trading. A psychological defects addicts have is the inclination to keep doing what they want for the dopamine rush, not for what they can get from the activity.

In a risky activity like trading, addicts want the dopamine rush they get from the act of bidding, buying, selling, looking at price and the charts, NOT the actual reward or the actual loss.

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: Wexnident on February 11, 2023, 09:57:13 AM

I just wonder if there could be any more info about being addicted to trading. The article only gave out checking prices constantly, even in the middle of the night regardless of everything or anything. I mean I've been there, but I wouldn't have considered myself addicted to trading (and it was rather light, definitely didn't wake up just to check prices). Well, I definitely felt the stress of trading, I wasn't even aggressive heck I was actually scared of every drop to the point where I lose money instead of profiting.

And honestly, if you have the skills, I'd consider addiction to trading be well worth it at some point.

You can try clicking the link the OP provide. Maybe you can read more info there about this type of addiction. If not then you can search the same thing in the web. As the article said, there is likely 1% who can get addicted about it. That made sense since I haven't seen a thread here in trading discussion of someone who gets heavily addicted to it unlike when we visit the gambling discussion board where there are several threads about the people who gets addicted on going to the casino and losing their money.

Trading addiction can be the same with any other addictions. Even if we say we are profiting, it could still cause a harm so we need to cope up with it.

Topic: Trading addiction, are you coping? - page 7. (Read 1224 times)