You could die from trading. - page 9.

dimonstration

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Quote from: Yamifoud on May 03, 2021, 11:49:59 AM

Many traders had suffered losses and they are too much in stress and desperate to think about how they can recover those amounts. For they are working hard, they mostly forgot to care for themselves and ruin not only of physical health but hugely affects mentally that sometimes it leads to a worse scenario of committing suicide and wanted to end their life.
I can't imagine doing that but for those who are hopeless, that could be possible. I think we need to mindful of our decision and mentally healthy enough to conquer such emotions.

Sometimes too much greed will make us stress also, when we start to earn from trading we wanted to earn more that make us stress on how to do it. If only we will know how to earn and take care of ourselves without sacrificing our peace and health. It's very important that we should set our goal realistic and timeline properly. To be really able to say we are financially stable is when we have time to take care of ourselves than just making money all day long.

BTCGOLD

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Trading can be a source of extreme stress, especially that money is being a subject matter here. Stress could then lead to physical symptoms and emotional baggages so knowing the risk and controlling one’s emotion is really important.

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Quote from: Rruchi man on May 01, 2021, 06:22:08 PM

As a trader, there is a lot of ups and downs in the market, you could loose all your capital in less than a minute with just a very little analytical mistake. The importance of living healthy cannot be overstated to reduce especially the risk of stroke, hypertension or a heart attack which are all long term effect of the accumulated stress gathered from constantly monitoring the market charts, sitting for long hours and increased palpitations and heightened blood flow, which are all situations that full time traders experience.

Always try to give yourself enough time to rest, exercise and maintain a healthy diet as well a social life. All this activities help reduce stress both mentally and physically.

That's why as a trader you should know the risk it can cause to you if ever. So, you should need to manage your emotion very well and just trade the amount that you can afford to lose. Much better if you are knowledgeable enough about this field to prevent such incident. And of course always keep your self healthy both inside and outside your body.

Yamifoud

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Many traders had suffered losses and they are too much in stress and desperate to think about how they can recover those amounts. For they are working hard, they mostly forgot to care for themselves and ruin not only of physical health but hugely affects mentally that sometimes it leads to a worse scenario of committing suicide and wanted to end their life.
I can't imagine doing that but for those who are hopeless, that could be possible. I think we need to mindful of our decision and mentally healthy enough to conquer such emotions.

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Quote from: Dilerium90 on May 03, 2021, 06:28:39 AM

Quote from: Rruchi man on May 01, 2021, 06:22:08 PM

As a trader, there is a lot of ups and downs in the market, you could loose all your capital in less than a minute with just a very little analytical mistake. The importance of living healthy cannot be overstated to reduce especially the risk of stroke, hypertension or a heart attack which are all long term effect of the accumulated stress gathered from constantly monitoring the market charts, sitting for long hours and increased palpitations and heightened blood flow, which are all situations that full time traders experience.

Always try to give yourself enough time to rest, exercise and maintain a healthy diet as well a social life. All this activities help reduce stress both mentally and physically.

I noticed that I lose in trading when I don't get enough sleep or when I have too much emotion. I have trained myself to stop trading when I lose control. This saves you from losses.

It is because of the stress associated with trading that is why I choose 12hour or daily timeframe as the minimum
timeframe forr trading this enables me to do analysis within a short period of time, once I place a trade with a stop loss I will only need to manually monitor it once in a while, thus I have enough time to sleep and rest, I can't withstand the vigorous stress of trading everytime with complicated analysis, once my trade hit stop loss I move on to another set-up.

Yatsan

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You do not have to push yourself too much on doing trading for the fact that everything that is beyond your limitations or beyond of what you can carry out will be bad for you. There must be a spare time for you to take a rest from too much thinking and stressing out yourself on trading and there are times that you can grind on doing your trades. There must be a stable balance for taking care of your health and doing your trading job. Nothing must be compromised among the two for both are important. You cannot enjoy the fruit of your labor once you are in need to spend those for your hospital bills and that makes it nonsense anymore.

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Quote from: Rruchi man on May 01, 2021, 06:22:08 PM

As a trader, there is a lot of ups and downs in the market, you could loose all your capital in less than a minute with just a very little analytical mistake. The importance of living healthy cannot be overstated to reduce especially the risk of stroke, hypertension or a heart attack which are all long term effect of the accumulated stress gathered from constantly monitoring the market charts, sitting for long hours and increased palpitations and heightened blood flow, which are all situations that full time traders experience.

Always try to give yourself enough time to rest, exercise and maintain a healthy diet as well a social life. All this activities help reduce stress both mentally and physically.

Its an important thread i think .I have faced a lots of stress when i was starting to trade on crypto .The market is here are high volatile you can get rich within a sec and you can loose everything within a sec .That's we need to be always stress free that's we can do many activities which can release stress like gaming ,Social media platform ,sleeping ,Moving etc .

boyptc

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Quote from: Wexnident on May 02, 2021, 05:25:31 AM

Quote from: boyptc on May 01, 2021, 06:32:24 PM

One example

--> https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/

This is the feeling when someone losses a lot or all of his assets. But this incident is clearly the fault of Robinhood.

Wasn't this the kid that "thought" he lost money in trading? Iirc it was just a mistake or something in the software side, he never really lost money just that it wasn't credited yet. I remembered reading this way back then and was a kind reminder for me to actually not enter trading back then since I bloody knew nothing. Poor kid though ngl.

Yes, he was. That feeling of frustration was caused by a poor system of Robinhood, they've killed an innocent one.

Quote from: martina14 on May 02, 2021, 07:15:51 PM

Quote from: boyptc on May 01, 2021, 06:32:24 PM

One example

--> https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/

This is the feeling when someone losses a lot or all of his assets. But this incident is clearly the fault of Robinhood.

OH my G... 730, 000$ is not a joke amount of money actually. If I'm gonna convert it here into my place I think my first up to 3rd generations can live happily ever after for sure with that huge amount. Probably, that young person who died because of the Robinhood probably, its depression and stress triggered Him I think. So sad, that is why in trading here in cryptocurrency need to have a proper control of our
emotions when we do trade.

Surely it is depression.

Someone who will see his balance with negative amount with his entire life savings would drop down and think that it's the end of the world.

dezoel

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Trading is not easy, you will have to be strong mentally and also wise to be a trader, because not everyone can deal with the stress especially when you lose your money. I have seen people go into serious depression for losing their money in trading, so it’s good to always prepare yourself for all these things before you start trading, understand the risks first and if you can’t face it, then stay clear from it and look for other things to do.

And after a day trading , one needs to really find a way to chill out and take a good rest before another day of trading. There are times I can stay two days and more without looking at charts or trading, sometimes I even take a break for weeks, that’s just my own way of relaxing from the stress. It’s very important.

Dilerium90

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Quote from: Rruchi man on May 01, 2021, 06:22:08 PM

As a trader, there is a lot of ups and downs in the market, you could loose all your capital in less than a minute with just a very little analytical mistake. The importance of living healthy cannot be overstated to reduce especially the risk of stroke, hypertension or a heart attack which are all long term effect of the accumulated stress gathered from constantly monitoring the market charts, sitting for long hours and increased palpitations and heightened blood flow, which are all situations that full time traders experience.

Always try to give yourself enough time to rest, exercise and maintain a healthy diet as well a social life. All this activities help reduce stress both mentally and physically.

I noticed that I lose in trading when I don't get enough sleep or when I have too much emotion. I have trained myself to stop trading when I lose control. This saves you from losses.

iv4n

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Quote from: janggernaut on May 03, 2021, 12:40:08 AM

Quote from: joniboini on May 02, 2021, 05:38:10 AM

That's not entirely true. You can get additional profits if you buy at $50k and sell at $55k. The point is, trading is a high-risk high-return game (depends on how you trade too though). Just like any other 'gamble', anyone can take the opportunity to gain profits, as long as they don't eat more than they can chew.

Get additional profit by maintain 24/7? Your health will not be healthy if you keep doing that. Instead worrying about the price will go up or down, just buy and forget it for a while. You could earn much more than do trading, or if price goes down, you can buy more.

Trading isn't gambling, both are different things to be called same in any way

I agree with the first part, doing something (anything) 24/7 will eat a man's health, both physically and mentally!

Quote

I've heard people say that
Too much of anything is not good for you, baby

But I don't agree that trading isn't gambling! Everything is gambling! Trading is just a gambling game... and trading is different from roulette, poker, dices, but it's still gambling! Like soccer and basketball are different games, but both are sports!
My argument is pretty simple (you could see it in some of my comments), if you are risking what you have in order to make more (profit) you are gambling! You can say that your game is less risky than other gambling games... maybe you need more knowledge for your game, but you are gambling my man!

Obito

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Quote from: Rehan Zakir on May 02, 2021, 09:02:01 PM

Trading is not an easy task. We have to face many hurdles in trading. Because many sudden pumps and dumps can destroy your whole account balance. So, must place a trade when you feel its a good entry time. And exist the market when market goes opposite with your trade. And don't take too much tension about your account assets.

Just don't let it get over your head and let it control your life and you are good to go, trading is difficult so why pressure yourself to learn about it fast when you know that it is going to be a hard time doing so. Take it easy and relax and while doing this, you also should find other ways to make some money.

janggernaut

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Quote from: joniboini on May 02, 2021, 05:38:10 AM

That's not entirely true. You can get additional profits if you buy at $50k and sell at $55k. The point is, trading is a high-risk high-return game (depends on how you trade too though). Just like any other 'gamble', anyone can take the opportunity to gain profits, as long as they don't eat more than they can chew.

Get additional profit by maintain 24/7? Your health will not be healthy if you keep doing that. Instead worrying about the price will go up or down, just buy and forget it for a while. You could earn much more than do trading, or if price goes down, you can buy more.

Trading isn't gambling, both are different things to be called same in any way

Rehan Zakir

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Trading is not an easy task. We have to face many hurdles in trading. Because many sudden pumps and dumps can destroy your whole account balance. So, must place a trade when you feel its a good entry time. And exist the market when market goes opposite with your trade. And don't take too much tension about your account assets.

target

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Quote from: martina14 on May 02, 2021, 07:15:51 PM

Quote from: boyptc on May 01, 2021, 06:32:24 PM

One example

--> https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/

This is the feeling when someone losses a lot or all of his assets. But this incident is clearly the fault of Robinhood.

OH my G... 730, 000$ is not a joke amount of money actually. If I'm gonna convert it here into my place I think my first up to 3rd generations can live happily ever after for sure with that huge amount. Probably, that young person who died because of the Robinhood probably, its depression and stress triggered Him I think. So sad, that is why in trading here in cryptocurrency need to have a proper control of our
emotions when we do trade.

It's got to be the biggest loss of a 20-year-old and can't blame him for ending his life, we just couldn't learn what's on his head.
That's just one instance of why you could die from trading.

It's hard to avoid trading when you are in crypto, you tend to learn all these in the end and trading could be addictive.
The emotional stress you get from losing money to spending hours while not really earning enough. It doesn't have to be difficult if you just hold and do the usual thing you did before learning BTC.

7788bitcoin

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Quote from: Rruchi man on May 01, 2021, 06:22:08 PM

As a trader, there is a lot of ups and downs in the market, you could loose all your capital in less than a minute with just a very little analytical mistake. The importance of living healthy cannot be overstated to reduce especially the risk of stroke, hypertension or a heart attack which are all long term effect of the accumulated stress gathered from constantly monitoring the market charts, sitting for long hours and increased palpitations and heightened blood flow, which are all situations that full time traders experience.

If your life depends upon trading and you are obsessed with making more money then the risk is really high and your profit and loss percentage can also increase as well. It is your choice on how to carry on with the market and if you are dealing with a market which is open round the clock will not help things either as the stress will consume you. I always do it the simple way, purchase when the market is down and set a target use a bot to monitor the market and sell automatically and never stress about it.

martina14

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Quote from: boyptc on May 01, 2021, 06:32:24 PM

One example

--> https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/

This is the feeling when someone losses a lot or all of his assets. But this incident is clearly the fault of Robinhood.

OH my G... 730, 000$ is not a joke amount of money actually. If I'm gonna convert it here into my place I think my first up to 3rd generations can live happily ever after for sure with that huge amount. Probably, that young person who died because of the Robinhood probably, its depression and stress triggered Him I think. So sad, that is why in trading here in cryptocurrency need to have a proper control of our
emotions when we do trade.

Dewi Aries

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Quote from: Rruchi man on May 01, 2021, 06:22:08 PM

As a trader, there is a lot of ups and downs in the market, you could loose all your capital in less than a minute with just a very little analytical mistake. The importance of living healthy cannot be overstated to reduce especially the risk of stroke, hypertension or a heart attack which are all long term effect of the accumulated stress gathered from constantly monitoring the market charts, sitting for long hours and increased palpitations and heightened blood flow, which are all situations that full time traders experience.

Always try to give yourself enough time to rest, exercise and maintain a healthy diet as well a social life. All this activities help reduce stress both mentally and physically.

Control emotion is one of main key in trading. Because panic or maybe a lot of health problem can come if we can't control our emotion. That thing maybe can be solved time by time because if not practice and feel by ourself, it will really hard to control emotion. I think with that thing only, we can avoid that all health problem which can come if we easily to panic or maybe high heart pulse, stressed, etc.

dunfida

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Quote from: AakZaki on May 02, 2021, 05:10:56 PM

Dead events while working in trading are quite often heard and seen in the news. some of them have committed suicide because they suffered enormous losses. others experience prolonged stress or have heart attacks.

Incidents like this should be avoided by adjusting a healthy lifestyle by exercising and training psychology not to drop too much when experiencing losses. positive thinking would be better.

Easy to say about positive thinking if you are on the actual situation then its really hard on being positive specially if you do saw your portfolio is dropping then no one could easily relax from that.

Everything should be balance if you dont like for your life to be in a big mess when health is already the issue because those earnings that you got will just basically be spent up in hospitalization.

In talks of loses where you do get stressed on yourself then you should know on how to handle it because it would cause several events if you arent aware on what you should gonna do
to handle that situation.

Tomiwa_akin

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what i notice is that traders hardly have time for rest, this is the most important among all based on my opinion. if you do others and dont rest its very very dangerous. anytime i trade i make sure i give myself enough rest and i dont try to make the market follow my prediction at all cost, i just do my analysis and wait ofr what happens next.

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