Trading addiction, are you coping?

[carlfebz2]

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 think that checking prices is not an addiction, and that is something that I see as normal, since when there is a culture about Bitcoin and the way of operating it is something that is acquired depending on the type of operator, for example I am more into operating in the medium and long term, that is something that I do like this, because operating in the short term is not convenient for me because I am not very good in that temporality, however I want to learn, but I think that you need to know a lot to do it I have seen that some of them burn the account, and that is what should be avoided.

Yes its really just normal if you do have that kind of habit on checking out prices every now and then since we are risking and dealing with our money had been invested on which it would be normal that we would

really be that attentive on what are the current things that is happening within the market.As long you arent compromising other things or priorities then it should be fine since this kind of dealing isnt something

that is useless because we know that trading could possibly give out that kind of opportunity or benefit for us to make money specially on long term.This is really beneficial too but of
course you shouldnt really expect nor guarantee out yourself because we know that market could also fucked us up and would lose money instead of earning.

[LUCKMCFLY]

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. 

True, if we only get addicted because we are in constant profits, well at least we should be thankful for it rather than cure it. Because it does not make sense really that you’ll get addicted to trading if you endure losses most of the time, probably if you chase for more profits, maybe trading addiction will possibly develop. But trading is different from gambling, it’s like trading addiction is curable than gambling, so for me, this rehabilitation center may not be totally in need for traders.

We could think it was good but thinking about addiction, that somewhat has a negative impact on our lives which we never see. Addiction might be good because they are in profit but it was still beyond the limitation and could affect us mentally which we need to control and slow down. Yes, it was different from gambling addiction but of course, we need to fix this "addiction" to stop in order to anticipate the possible worse scenario in the future which we might regret our whole life.

Here what can happen is that a trader when he realizes that he has lost many does not stop, there is the first error, because a person who loses in at least 3 operations is because his analysis is not correct and he obviously does not have the vision correct for the market.

If the trader having these results has to make the decision to study for what reasons he lost, if the trader does that I am sure he will not fall into the addiction, the only addiction he could take is reading books to learn more about how to trade, and It's a good strategy because if you have more knowledge, your failure rate will be lower and lower.

There are many books that can be recommended, but trading is an activity that is our sole responsibility.

[nara1892]

Any venture that has the word "addiction" attached to it, is never a good one. If you check carefully, you will see that the individual's physical and mental health, social and personal life, and relationships are affected, either directly or indirectly. Anyone who is addicted to trading despite having losses is just chasing losses. There is no professional trader that I know who has been very successful with trading who wouldn't advise beginners on the need to maintain a balance.

Everything that is done abused always create a negative motivation that will lead into an addiction. And with addiction, everything will be affected especially if you keep ignoring it and instead, continue to chase more profits so you can benefit them more. However, with trading addiction, it can be more manageable because you can actually stop trading if you have no funds to start it with. Therefore, being addicted into trading is probably more on seasonal that you can anytime stop your addiction if the market too is not allowing you to be profitable.

Addiction is more likely to lead to negative things, especially when it involves finances. Back to ourselves, if we don't want to have addiction in trading we can manage time and finances one of them. Maybe we usually trade 7 days a week, that can be reduced to 5 days for example. Or we usually trade 8 hours a day, we can reduce it to 4 hours. Set profit targets and set loss targets, it will help us not to have addiction in trading.

[TheUltraElite]

Addiction is more likely to lead to negative things, especially when it involves finances. Back to ourselves, if we don't want to have addiction in trading we can manage time and finances one of them. Maybe we usually trade 7 days a week, that can be reduced to 5 days for example. Or we usually trade 8 hours a day, we can reduce it to 4 hours. Set profit targets and set loss targets, it will help us not to have addiction in trading.

In long term holding you would not even need to trade for so long, 5hr/day seems like a day job. You just need to keep an eye on the price and if your target is to buy, set the order and close the app - just forget about the market and check back the next day whether it got executed or not.

In day trading, of course the scenario changes and you are on your console almost all day and night. This is stressful and usually done as a full time job. Difficult to manage and difficult to sustain, it is not for everyone and personally I dont suggest it someone who has zero experience in prior speculative trading.

Therefore day trading can push one towards addiction way more than long term trading, just my hypothesis.

[LastKiss]

~snip~

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?

No, I'm not addicted to trading or even something like gambling. As far as I know about addiction in trading is if they are trading using high leverage to gain big profit and when they won once they will do it again without any knowledge, analysis, or even a plan. The worst thing is when they borrow the money from their friends and end up not paying back the loan.

[xSkylarx]

Any venture that has the word "addiction" attached to it, is never a good one. If you check carefully, you will see that the individual's physical and mental health, social and personal life, and relationships are affected, either directly or indirectly. Anyone who is addicted to trading despite having losses is just chasing losses. There is no professional trader that I know who has been very successful with trading who wouldn't advise beginners on the need to maintain a balance.

Everything that is done abused always create a negative motivation that will lead into an addiction. And with addiction, everything will be affected especially if you keep ignoring it and instead, continue to chase more profits so you can benefit them more. However, with trading addiction, it can be more manageable because you can actually stop trading if you have no funds to start it with. Therefore, being addicted into trading is probably more on seasonal that you can anytime stop your addiction if the market too is not allowing you to be profitable.

Addiction is more likely to lead to negative things, especially when it involves finances. Back to ourselves, if we don't want to have addiction in trading we can manage time and finances one of them. Maybe we usually trade 7 days a week, that can be reduced to 5 days for example. Or we usually trade 8 hours a day, we can reduce it to 4 hours. Set profit targets and set loss targets, it will help us not to have addiction in trading.

Also having other things to do, like sports, because it is useless if you cut down your trading time but still sit there all day thinking about trading, then it is still not worth it. By having a hobby like sports, which you will allocate time on that day to play, you will forget trading and later on, your playing time in trading will become shorter, but again, this is easy to say but difficult to do, and trading and gambling addiction are pretty different as trading is some sort of work for profit purpose and gambling is for fun so it is more easy to overcome trading addiction than gambling

[abel1337]

I don't know if there's such a thing about being addicted into trading. Do those people who are diagnose with trading addiction prioritize or can't control their trading activities just like being addicted into gambling? I do wonder if how it differs from traders who are doing trades everyday because they are doing it as their full time regular job or a way to survive. I don't know if trading addiction really exist or it's just a worst word that you can label a trader that spends most of his time on trading. I also don't think spending too much on trading is a qualification on being a trading addict since traders do strategic decisions on every trade they make and usually don't do illogical trading decisions.

[nara1892]

Addiction is more likely to lead to negative things, especially when it involves finances. Back to ourselves, if we don't want to have addiction in trading we can manage time and finances one of them. Maybe we usually trade 7 days a week, that can be reduced to 5 days for example. Or we usually trade 8 hours a day, we can reduce it to 4 hours. Set profit targets and set loss targets, it will help us not to have addiction in trading.

In long term holding you would not even need to trade for so long, 5hr/day seems like a day job. You just need to keep an eye on the price and if your target is to buy, set the order and close the app - just forget about the market and check back the next day whether it got executed or not.

In day trading, of course the scenario changes and you are on your console almost all day and night. This is stressful and usually done as a full time job. Difficult to manage and difficult to sustain, it is not for everyone and personally I dont suggest it someone who has zero experience in prior speculative trading.

Therefore day trading can push one towards addiction way more than long term trading, just my hypothesis.

True, this refers to daily trading because indeed the time there must really be seen because usually those who are here spend more time in front of the screen to see momentum.
As you said this is clearly a much bigger risk and indeed for now I personally prefer to be in the long term than day trading because even if we really do it well there will be good profits every day, but still this requires extra effort and it is clear that this requires quite a lot of wasted time as well.

[Hamphser]

Addiction is more likely to lead to negative things, especially when it involves finances. Back to ourselves, if we don't want to have addiction in trading we can manage time and finances one of them. Maybe we usually trade 7 days a week, that can be reduced to 5 days for example. Or we usually trade 8 hours a day, we can reduce it to 4 hours. Set profit targets and set loss targets, it will help us not to have addiction in trading.

In long term holding you would not even need to trade for so long, 5hr/day seems like a day job. You just need to keep an eye on the price and if your target is to buy, set the order and close the app - just forget about the market and check back the next day whether it got executed or not.

In day trading, of course the scenario changes and you are on your console almost all day and night. This is stressful and usually done as a full time job. Difficult to manage and difficult to sustain, it is not for everyone and personally I dont suggest it someone who has zero experience in prior speculative trading.

Therefore day trading can push one towards addiction way more than long term trading, just my hypothesis.

True, this refers to daily trading because indeed the time there must really be seen because usually those who are here spend more time in front of the screen to see momentum.
As you said this is clearly a much bigger risk and indeed for now I personally prefer to be in the long term than day trading because even if we really do it well there will be good profits every day, but still this requires extra effort and it is clear that this requires quite a lot of wasted time as well.

I would rather choose up on making myself getting addicted on trading rather than on getting addicted on gambling considering if we do saw about its potential benefits then we do know that trading is much more worth on your time because you are engaging on something which can consider to be a source of income if ever you do able to have a good grasps to it.Not all would really be that successful but at least you are dealing on something which can potentially make money in long run.

Its impossible that we cant be able to determine in between trading and gambling on which we arent that blind not to see the opportunities on where trading on could give, whereas in gambling
it was really just intended for the sake of entertainment and its not really just right that you would really be needing to spent up time and money too much on this one.

[nara1892]

I would rather choose up on making myself getting addicted on trading rather than on getting addicted on gambling considering if we do saw about its potential benefits then we do know that trading is much more worth on your time because you are engaging on something which can consider to be a source of income if ever you do able to have a good grasps to it.Not all would really be that successful but at least you are dealing on something which can potentially make money in long run.

Its impossible that we cant be able to determine in between trading and gambling on which we arent that blind not to see the opportunities on where trading on could give, whereas in gambling
it was really just intended for the sake of entertainment and its not really just right that you would really be needing to spent up time and money too much on this one.

In my opinion, these are two different things. Personally, I can't choose between options that I don't think are better because they are negative. If we can avoid both, why do we choose one? We can avoid gambling addiction and trading addiction, so I don't choose between the two options.
It is possible that in the worst situations, trading addiction would be preferred, but if it is still detrimental what difference does it make. once again addiction has a more negative connotation, so I will try to avoid it as much as possible.

[Hamphser]

I would rather choose up on making myself getting addicted on trading rather than on getting addicted on gambling considering if we do saw about its potential benefits then we do know that trading is much more worth on your time because you are engaging on something which can consider to be a source of income if ever you do able to have a good grasps to it.Not all would really be that successful but at least you are dealing on something which can potentially make money in long run.

Its impossible that we cant be able to determine in between trading and gambling on which we arent that blind not to see the opportunities on where trading on could give, whereas in gambling
it was really just intended for the sake of entertainment and its not really just right that you would really be needing to spent up time and money too much on this one.

In my opinion, these are two different things. Personally, I can't choose between options that I don't think are better because they are negative. If we can avoid both, why do we choose one? We can avoid gambling addiction and trading addiction, so I don't choose between the two options.
It is possible that in the worst situations, trading addiction would be preferred, but if it is still detrimental what difference does it make. once again addiction has a more negative connotation, so I will try to avoid it as much as possible.

You could actually choose both but if we do speak about addiction then it would be better that you should really be sticking out with trading which it is really something beneficial compared when you are making yourself that stick with gambling which we do know that it is really just intended for the sake of entertainment and leisure.If you do find yourself that addicted with trading but some sort that you are really that on profitable side then this is where i called a good addiction i would say but honestly it cant be called addiction considering that it is really normal that you would really be having this kind of
approach where checking out price every now and then is really just a normal act to be done by someone who are really that engage with trading.

[nara1892]

In my opinion, these are two different things. Personally, I can't choose between options that I don't think are better because they are negative. If we can avoid both, why do we choose one? We can avoid gambling addiction and trading addiction, so I don't choose between the two options.
It is possible that in the worst situations, trading addiction would be preferred, but if it is still detrimental what difference does it make. once again addiction has a more negative connotation, so I will try to avoid it as much as possible.

You could actually choose both but if we do speak about addiction then it would be better that you should really be sticking out with trading which it is really something beneficial compared when you are making yourself that stick with gambling which we do know that it is really just intended for the sake of entertainment and leisure.If you do find yourself that addicted with trading but some sort that you are really that on profitable side then this is where i called a good addiction i would say but honestly it cant be called addiction considering that it is really normal that you would really be having this kind of
approach where checking out price every now and then is really just a normal act to be done by someone who are really that engage with trading.

Even though it is very doable, but with this you mean taking conditions where you will be at double the risk.
In gambling, it is clear that no one will win other than the dealer when it comes to gambling. As for trading, even for crypto addicts, this is indeed very commonplace, but on the other hand, not everyone understands and can do it well, even I still feel one in ten or more in this regard.
Indeed, in this case, if indeed both of them go well, it will be very profitable, but we also have to see the worst possibility of all.

[Hamphser]

In my opinion, these are two different things. Personally, I can't choose between options that I don't think are better because they are negative. If we can avoid both, why do we choose one? We can avoid gambling addiction and trading addiction, so I don't choose between the two options.
It is possible that in the worst situations, trading addiction would be preferred, but if it is still detrimental what difference does it make. once again addiction has a more negative connotation, so I will try to avoid it as much as possible.

You could actually choose both but if we do speak about addiction then it would be better that you should really be sticking out with trading which it is really something beneficial compared when you are making yourself that stick with gambling which we do know that it is really just intended for the sake of entertainment and leisure.If you do find yourself that addicted with trading but some sort that you are really that on profitable side then this is where i called a good addiction i would say but honestly it cant be called addiction considering that it is really normal that you would really be having this kind of
approach where checking out price every now and then is really just a normal act to be done by someone who are really that engage with trading.

Even though it is very doable, but with this you mean taking conditions where you will be at double the risk.
In gambling, it is clear that no one will win other than the dealer when it comes to gambling. As for trading, even for crypto addicts, this is indeed very commonplace, but on the other hand, not everyone understands and can do it well, even I still feel one in ten or more in this regard.
Indeed, in this case, if indeed both of them go well, it will be very profitable, but we also have to see the worst possibility of all.

Dont make yourself that too optimistic because this could cause a disaster if you are really that having that kind of view in your mind on which you do believe that it is really just that
easy to do but it wont and would really be making that desperation within you which is something not really that recommended.Both things could really be possibly be attained for you to become profitable.
This is where you do make yourself a profitable trader and at the same time you do have the luck when dealing up with gambling.This is why it does really depending on the situation
on which you could really be able to handle and prefer.

[Vaculin]

Trading addiction has many advantages as well as many disadvantages, so without becoming too addicted, you need to research the market well and gain experience. Avoiding recency bias in trading starts with knowledge, with education you first understand that it is only human nature to be overly impressed by the results of your latest operation. Constantly check the value of coins more addiction leads to worse chance of gain is less it makes more physically and mentally debilitating.

I don't really know if any of us are addicted to trading, but for now I am totally addicted to long term investing in bitcoin. I don't have to deal with this the way they deal with gambling addiction, and it's clear to me that investing addiction is something that is even more profiting in the future.

I have habit of checking price more than 3 times in one day when I really think that day trading is more profitable than long term investing. But once I realized that, I didn't have to and tended to ignore the fluctuations and continue to hold on optimistically. Right now nothing is more profitable for me than a long term investment so this is a focus I will strive for.

Well, if you think you excel more in long term investing rather than trading, then there’s no chances that you will get trading addiction, which I am also doing the same thing since trading is quite tough this time. However, I know some friends of mine who are really very fanatic about trading especially when bitcoin was at its peak but now that the market is quite bearish, I haven’t heard from them making significant profits in trading. Which comes to my senses that trading addiction can be totally controlled depending on the market condition. Of course, you won’t decide to trade in the first place if you see there is no positive profits waiting for you.

[Pandu Geddon]

Well, if you think you excel more in long term investing rather than trading, then there’s no chances that you will get trading addiction, which I am also doing the same thing since trading is quite tough this time. However, I know some friends of mine who are really very fanatic about trading especially when bitcoin was at its peak but now that the market is quite bearish, I haven’t heard from them making significant profits in trading. Which comes to my senses that trading addiction can be totally controlled depending on the market condition. Of course, you won’t decide to trade in the first place if you see there is no positive profits waiting for you.

when the market is in a downtrend position there will be more traders to get out and take a short break. but still, some are determined to trade futures with market situations that will be difficult to predict. I saw it in my close friend, he prefers day trading to long term investing. even if the profit is small, he can get profit every day. although I'm sure not every trade he plans will always be profitable.
maybe it's called trading addiction. already know the situation is not possible but still forced me to open a trade by risking luck.

[naikturun]

I'd be surprised if they put that on the list, to be honest I also traded for a while last year, but to keep him from getting addicted, I do other activities, like going out with my girls, or playing games, or visiting friends and hanging out in cafes or just visiting their house.
maybe it can be said as an addiction because some people do that routine for a long time and long term.

[lalabotax]

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:

This makes sense, especially now that there are so many people involved in trading but cannot manage trading activities properly and wisely. Wise here covers various things, both in terms of money management to risks and also funds for trading. So, it makes sense if the government or institution includes trading health addiction as one of the problems. surely this is also because many incidents started there. And if it helps people, why not?

[Sarah Azhari]

I'd be surprised if they put that on the list, to be honest I also traded for a while last year, but to keep him from getting addicted, I do other activities, like going out with my girls, or playing games, or visiting friends and hanging out in cafes or just visiting their house.
maybe it can be said as an addiction because some people do that routine for a long time and long term.

do for another activity will avoid you from addiction but still, it's not much help if you to thingking it again if you still live on trader community. IThat was happen for me on past when still on gambler community. I tried to reduce my gambilng activity but my friend also push me to play it again because i still live around that

[Iadegbola34]

I have trader friends that are so addicted to their screen, watching charts of different pairs. The only advice I do give them is they should remember all the other important things in their lives that matter and are now suffering from the time imbalance as a result of their average screen time. Family time is just as important as making money, if all you do is make money without having a bond with your family, tou might end up feeling empty with all your money

[Pejoh Asu]

Trading really makes us always curious, if we profit then we will have hope for bigger profits, but if we lose then we will try to use other techniques in order to be profitable, many people say trading is like gambling, but in my opinion trading is something different from gambling , if it's gambling then we don't need any analysis and have a timeframe, while with trading we can set the profit we want and it doesn't matter if it is achieved in a long or short time.