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Topic: Trading addiction, are you coping? - page 9. (Read 1230 times)

hero member
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February 10, 2023, 01:10:28 PM
#42
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.
full member
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February 10, 2023, 10:25:35 AM
#41
Whaat? Oh seriously what is this now? I was in the impression that those who get into worst trading would just quit it and do something in the real jobs etc but people come on, this is over the head now. That must be some crazy level of trading and loses people are incurring to go into such operation. I think we its all about the money and its greediness which is making people go to such bad heights. Come on man, if I am stressed out to such high level in the trading then I would just go and light a cigar for myself, have beer in another hand and talk about it with my brother or friends. But I am sure I wouldnt fall for the traps which requires me to for therapy session.

This really proves that trading is making people's mind very weak or may be people get weaken when it comes to the money stuff. Lesson to all the traders I guess. Be careful . Smiley
hero member
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February 10, 2023, 10:00:43 AM
#40
is the impact of trading almost the same as someone who does gambling? I also trade, but I don't get the thrill like when I'm in the casino. I believe a gambler can feel addicted when playing. but when a trader who is addicted to trading assets is carried out chances are few will experience it.
of course, it all depends on how they perceive the trade they are running. even some people who trade futures also consider its similarities to gambling. or maybe more traders are addicted because they trade futures.
hero member
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The Martian Child
February 10, 2023, 09:13:30 AM
#39
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.
legendary
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February 10, 2023, 08:28:43 AM
#38
Any habit can become an obsession and then the problem starts in my opinion. If someone is able to keep their stuff in control then it's fine but specifically a certain group will face problems. They are the one who are prone to addiction and these people need to stop trading or gambling and focus on other things in life.

This problem will be controlled by traders on their own is they are going in on the long term spot trading exclusively. Going for margin trading, leverage or day trading will induce the pathological problem again.
legendary
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February 10, 2023, 05:52:07 AM
#37
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?
Anything to excess is bad, the bad results are always there. Trading addiction is almost the same as gambling addiction, traders seem to be betting on their trading activities where they take advantage of the slightest market volatility to make profit. This tendency can make them addicted especially when they consistently make profit on most of their trading time frames.

At the same time, this has indirectly affected the mindset of traders who change their mindset about trading only to make profit. While the problem will really arise when they fail and lose, especially when they have to go bankrupt because the strategy doesn't really work. I'm not thinking about spot trading, but it's entirely possible that this addiction exists in trading futures, grid futures, or some other kind.

What are you doing naturally to stay away from trading addiction?
Not trading, but investing or only trade certain period of time on spot trading. Ignore futures trading, grid trading or anything like that.
hero member
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February 10, 2023, 05:26:34 AM
#36
If you're going to be a "victim" of one, let it be HODLING, not gambling or "trading", especially day-trading. Both of trading and gambling are the same in that your body wants to be "rewarded" through a dopamine rush that's released in your brain whenever you profit. The problem, each rush to have the same effect requires more dopamine, and that makes you gamble/take risks more and more, bigger and bigger. Because we're mere plebs who are under-capitalized most of the time, we risk and lose everything to the market. "Control" is hard to do, just HODL your coins in cold storage.
I agree, at least with trading there is a chance that you could make a profit, with gambling there is no chance that you could make a profit. I think it is even more than just about dopamine, it is about the fact that if you want to do something, isn't it better to do something that is a lot more fair towards you?

I believe that if you spend time and money on gambling, you will get that dopamine rush but you are doing something that is 100% guaranteed to make you lose money, but if you trade then there is a chance that you could lose money again but at least there is a chance that you could make a profit as well, that is a much better solution to everything.
legendary
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February 10, 2023, 01:41:12 AM
#35
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".


But gambling addiction is real, and trading is, to some degree, the same as gambling because you need to take monetary risks in each trade just like you're betting in something like a dice game. It's that feature in both gambling and trading that makes it feel exciting, and the excitement comes when dopmaines are released in our brains. The dopamine release, to have the same feeling when you're used to it, you're required to gamble/trade more and more with larger amounts. Don't treat "gambling addiction" like something fake. It's very real.

Lol,well I have been a victim to one,I don't think I will be a victim to both gambling and trading,because if one should be a victim to the two,that will be the worst state of a man,and if he is in that kind of state,I don't think it will be easy to get out.I know what gambling addiction has don't to my life,and the kind of stigma it has given to me,so I cannot add that of trading too.I trade only when I see that I might be on the safer side,and what ever thing that makes me loose money for once,I hold on for a while,to avoid excessive waiste of money especially when the luck is not on my side.


If you're going to be a "victim" of one, let it be HODLING, not gambling or "trading", especially day-trading. Both of trading and gambling are the same in that your body wants to be "rewarded" through a dopamine rush that's released in your brain whenever you profit. The problem, each rush to have the same effect requires more dopamine, and that makes you gamble/take risks more and more, bigger and bigger. Because we're mere plebs who are under-capitalized most of the time, we risk and lose everything to the market. "Control" is hard to do, just HODL your coins in cold storage.
hero member
Activity: 2996
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February 09, 2023, 06:39:29 PM
#34
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".


But gambling addiction is real, and trading is, to some degree, the same as gambling because you need to take monetary risks in each trade just like you're betting in something like a dice game. It's that feature in both gambling and trading that makes it feel exciting, and the excitement comes when dopmaines are released in our brains. The dopamine release, to have the same feeling when you're used to it, you're required to gamble/trade more and more with larger amounts. Don't treat "gambling addiction" like something fake. It's very real.
Lol,well I have been a victim to one,I don't think I will be a victim to both gambling and trading,because if one should be a victim to the two,that will be the worst state of a man,and if he is in that kind of state,I don't think it will be easy to get out.I know what gambling addiction has don't to my life,and the kind of stigma it has given to me,so I cannot add that of trading too.I trade only when I see that I might be on the safer side,and what ever thing that makes me loose money for once,I hold on for a while,to avoid excessive waiste of money especially when the luck is not on my side.
You could be having multiple addictions which it would really be costing up you more money but we know that trading addiction is something more worth of your money since you could really potentially
make out some money out of it on the time that you do able to get used to it or having a good grasps.

There's no limitation on things that you would really be getting involved since not all would really be that confident or does have the money on doing so.
I would rather stick into trading addiction as long it does benefit me then i dont see any problems.
full member
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February 09, 2023, 09:06:52 AM
#33
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".


But gambling addiction is real, and trading is, to some degree, the same as gambling because you need to take monetary risks in each trade just like you're betting in something like a dice game. It's that feature in both gambling and trading that makes it feel exciting, and the excitement comes when dopmaines are released in our brains. The dopamine release, to have the same feeling when you're used to it, you're required to gamble/trade more and more with larger amounts. Don't treat "gambling addiction" like something fake. It's very real.
Lol,well I have been a victim to one,I don't think I will be a victim to both gambling and trading,because if one should be a victim to the two,that will be the worst state of a man,and if he is in that kind of state,I don't think it will be easy to get out.I know what gambling addiction has don't to my life,and the kind of stigma it has given to me,so I cannot add that of trading too.I trade only when I see that I might be on the safer side,and what ever thing that makes me loose money for once,I hold on for a while,to avoid excessive waiste of money especially when the luck is not on my side.
legendary
Activity: 2814
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February 09, 2023, 06:16:07 AM
#32
Are you addicted to trading?
I think I experienced this a few years ago when it was so easy to get profit in one trading day and it made me continue to open my trading account anywhere at work at home or when there were other activities where I could open my cellphone so I would continue to try to do spot trading can even be so very sorry when you see that there is a missed opportunity seen from the price history

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?
lucky to be able to get away from it because the people closest to me warn and also for crypto traders when the market reverses from bullish to bearish it will open up opportunities for them to finally leave trading and get out of addiction because trading becomes more difficult in bearish times in my opinion because many traders who experience losses so that they will lose their pleasure due to conditions.
legendary
Activity: 2898
Merit: 1823
February 09, 2023, 05:21:49 AM
#31
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".


But gambling addiction is real, and trading is, to some degree, the same as gambling because you need to take monetary risks in each trade just like you're betting in something like a dice game. It's that feature in both gambling and trading that makes it feel exciting, and the excitement comes when dopmaines are released in our brains. The dopamine release, to have the same feeling when you're used to it, you're required to gamble/trade more and more with larger amounts. Don't treat "gambling addiction" like something fake. It's very real.
hero member
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February 09, 2023, 03:29:46 AM
#30
I believe this kind of trading addiction will not be a huge concern in crypto if exchange doesn’t offer huge leverage such as x50 to x100. This kind of leverage is already not ethical for a casino to offer since the liquidation margin is too short for the crypto volatility. This is the common reason why traders got addicted on trading since they can earn huge profit for a short time.

I believe exchange should be be regulate by offering this kind of trading feature that is dangerous for their consumer. This is also the reason why crypto trading is always subjected to price manipulation.
hero member
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February 09, 2023, 03:23:46 AM
#29
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

The article says that its a 'luxury rehabilitation center in Spain' and they have 4 weeks rehab plan for crypto addicts which costs $75,000. So you can easily figure out who can afford that rehab center. To me, addiction is a choice not a disease or condition for which you need such expensive rehab center.
Addiction itself is bad whether its for gambling, alcohol, crypto trading or anyother thing. Always go for long term investment not for day trading as its ending is usually loss of capital.
hero member
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February 09, 2023, 03:13:38 AM
#28
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.
I believe there isn't much of a difference between trading and gambling, especially for day traders, who I consider gamblers because they lose and win at the same time, as does gambling.

I can only say that those who hold Bitcoin are not gamblers because they have a goal and understand how valuable Bitcoin is; the amount of risk involved is minimal in comparison to daily traders who can lose it all if the market falls because most of them do not use Bitcoin on a daily basis.


Quote
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?
There is an addiction to trading just like in gambling too.
What if I am a daily trader and I lose always? is there no need for me to submit myself if I really want to stop?

I think there is a need for such places if we really want to change. It is not all traders that make money, some are losing it all the time.
hero member
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February 09, 2023, 01:10:10 AM
#27
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?

Trading addiction is one of the reasons we have so much lost in the cryptocurrency market among traders. I would say 1 out if every 3 trader is addicted and are constantly losing. The worst part about trading addiction is that it usually comes when you're losing. Addiction hardly comes to positive things but always around ,whenever you're experiencing some negativity.

Without the addiction, anyone who has lost one or two trades would had stopped trading but the addiction makes it impossible. My addiction has nothing to do with trading but I'm addicted to investing and I do that unreasonably even when I'm not supposed to do so. Like all through the bear market I was constantly investing in different projects and some has gone to zero.

legendary
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duelbits.com
February 08, 2023, 04:59:33 PM
#26
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?
No, I am very sure that I'm not an addict.  Cheesy
Addiction is when someone cannot spare himself from the activity. He must do it every day and will be stressed if don't do it. Also, doing it with no limits. So, as long as you can limit your time and funds on trading, you can't be categorized as an addict.

Yes, some people may think too much about chasing profits. They may trade in inappropriate ways (careless ways), then they lose big money.
That mostly happens to beginners, they don't have enough knowledge and experience but they suddenly use big money for trading. They think it is easy to gain profits, they think they just need to follow others' ways in trading. But it is always the wrong way to hurry trading, even worse with no sufficient knowledge/experience.

To prevent that problem, we must focus on learning first if we are beginners. And always use small funds first, only use bigger funds if we think we already have enough knowledge and experience.

hero member
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February 08, 2023, 04:57:30 PM
#25
Trading is an addictive activity too for anyone who wonders how it can be called as an addicition cause most common traders are doing trading alone from their home and when they go hard at it they forget everything and immerse into the trading alone which can affect their mental stability by too much of stress given to our brain so at some point when we are in loss the things may change into more extreme likely suicidal thoughts even possible because I know even adult gamers tried for losing a game so anything when its done too much its called an addicition.
Addiction is no longer a healthy habit. Yes, many people who have been in addiction have also a different behavior maybe this is because they are affected by their new environment and emotional stress. But I don't think it is a need to put them in rehab as what OP is saying like those who are in gambling addiction. I believe this kind of addiction can be relieved through simple processes like encouraging them to go outside and have family bonding or friends hangouts.
Addiction that is something that could really make you money is much better into those addiction that could lose up money like gambling or whatever things that do really cause up some losses.
Yes, you could still lose on trading but we know that in each losses we would really be making ourselves a little bit more aware or able to learn up things about trading and this is a plus
or advantage for us despite on having those losses because we do eventually learn after that.We could make out some differentiation in between gambling and trading
in towards their risk and rewards.
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BTC to the MOON in 2019
February 08, 2023, 04:29:17 PM
#24
Trading is an addictive activity too for anyone who wonders how it can be called as an addicition cause most common traders are doing trading alone from their home and when they go hard at it they forget everything and immerse into the trading alone which can affect their mental stability by too much of stress given to our brain so at some point when we are in loss the things may change into more extreme likely suicidal thoughts even possible because I know even adult gamers tried for losing a game so anything when its done too much its called an addicition.
Addiction is no longer a healthy habit. Yes, many people who have been in addiction have also a different behavior maybe this is because they are affected by their new environment and emotional stress. But I don't think it is a need to put them in rehab as what OP is saying like those who are in gambling addiction. I believe this kind of addiction can be relieved through simple processes like encouraging them to go outside and have family bonding or friends hangouts.
sr. member
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February 08, 2023, 01:26:46 PM
#23
Trading is an addictive activity too for anyone who wonders how it can be called as an addicition cause most common traders are doing trading alone from their home and when they go hard at it they forget everything and immerse into the trading alone which can affect their mental stability by too much of stress given to our brain so at some point when we are in loss the things may change into more extreme likely suicidal thoughts even possible because I know even adult gamers tried for losing a game so anything when its done too much its called an addicition.
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