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Author Topic: Trading addiction, are you coping?  (Read 1147 times)
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June 08, 2023, 11:44:19 PM
 #181

This is an excellent article on the subject:




What Are 10 Signs of a Day Trading Addiction?


- If you find yourself taking an increased risk without much strategy, or if you need to make bigger wagers in order to receive satisfaction or excitement.
- If you become obsessed with researching and trading stocks, or a preoccupation with constantly watching the market.
- If you lose interest in social and leisure activities that you once found pleasurable at the expense of engaging in trading.
- If you find yourself trading for an adrenaline rush or to induce pleasure.
- If you have made unsuccessful attempts at reducing your time spent on trading and trading related activities, or if you have made unsuccessful attempts from taking a break or abstaining from trading related activities.
- If you trade compulsively or experience strong urges and cravings to engage in trading related activities.
- If you find yourself experiencing stress, anxiety, a low mood, irritability, or other unwanted and unhealthy mental health symptoms, especially when not trading.
- If you find yourself having to lie or hide your trading from your loved ones.
- If you have to steal, take loans, sell assets, or use money that should be spent on bills or necessities in order to make trades.
- If you continue to trade despite adverse consequences to your financial stability, relationships, or physical and mental wellbeing.

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

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

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

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

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June 08, 2023, 11:52:32 PM
 #182

Of course, I dealt with the trading addiction. But trading is a very serious addiction. Just like when people get into gambling it is very difficult to get out of it, so whether you get into futures trading or spot trading, if it becomes your addiction, it will be a little difficult for you to get out. Futures trading in particular is a very addictive platform. When your profits start coming in, your/my state of mind is so good that it is expensive to publish at home. However, it is not difficult to remove yourself from here.
I could say that I've almost fallen for trading addiction but compared to gambling, its risk is different. As long as you're skilled enough and know how to deal with the risks of trading, getting addicted to it will not give worse results. As long as you manage your finances wisely and trade with the confidence of making the right decisions, your addiction could still turn into generating profit.
I think trading addiction will only provide negative results if we are using most of our assets with no control and if we are risking everything just to fill our urges. It's fine to aim for higher profit but putting limits is still important. Trading is addictive but we should only take the positive side of it.
Trading addiction is much better on gambling addiction on which we know that significant difference in between two on which you are dealing in between a thing that could potentially make you earn and something that could potentially getting wrecked because of such high risk which is on gambling. Investment/trading/business is something that different if we do speak about gambling and it would really be just that common sense
on which one would really be worth on investing or putting your money into. Trading addiction might sounds negative but it is actually beneficial as long  you dont have that gambler like mind or action
kind of approach towards it on which you would really be trading it up and continously learning up on the things that you've been dealing with which it would really be making  you a better
trader as you do go ahead. Doesnt need to cope up as long you arent really that imposing such risks about your finances or financial in short.

R


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June 09, 2023, 02:23:13 AM
 #183

-snip-
Any addiction is not good and will give a negative impression, such as trading addiction or gambling addiction.
Trading addiction can probably be said to be an addiction that is still milder than gambling addiction.

Usually, those who want to continue trading are always wrong in doing the strategy and end up losing.
If they trade spots it is still possible to save, but if trading Futures it will be a loss that will not be recovered unless you put in more money and place an order to double the initial loss.

Sometimes there are some people who do not understand the basic science of trading and trading seems like gambling.
Only using instincts and guesses without any analysis done.

.
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June 09, 2023, 06:26:50 AM
 #184

Of course, I dealt with the trading addiction. But trading is a very serious addiction. Just like when people get into gambling it is very difficult to get out of it, so whether you get into futures trading or spot trading, if it becomes your addiction, it will be a little difficult for you to get out. Futures trading in particular is a very addictive platform. When your profits start coming in, your/my state of mind is so good that it is expensive to publish at home. However, it is not difficult to remove yourself from here.
I could say that I've almost fallen for trading addiction but compared to gambling, its risk is different. As long as you're skilled enough and know how to deal with the risks of trading, getting addicted to it will not give worse results. As long as you manage your finances wisely and trade with the confidence of making the right decisions, your addiction could still turn into generating profit.
I think trading addiction will only provide negative results if we are using most of our assets with no control and if we are risking everything just to fill our urges. It's fine to aim for higher profit but putting limits is still important. Trading is addictive but we should only take the positive side of it.
Trading addiction is much better on gambling addiction on which we know that significant difference in between two on which you are dealing in between a thing that could potentially make you earn and something that could potentially getting wrecked because of such high risk which is on gambling. Investment/trading/business is something that different if we do speak about gambling and it would really be just that common sense
on which one would really be worth on investing or putting your money into. Trading addiction might sounds negative but it is actually beneficial as long  you dont have that gambler like mind or action
kind of approach towards it on which you would really be trading it up and continously learning up on the things that you've been dealing with which it would really be making  you a better
trader as you do go ahead. Doesnt need to cope up as long you arent really that imposing such risks about your finances or financial in short.
addicted to trading will make us even more interested in continuing to trade, but the record is that we must be able to trade in a healthy manner, so that we are really trading, lest we trade and in the end run into gambling. there are many incidents like that, where because of losing and we want to return the defeat and what happens is that we trade unhealthy and rely more on luck without any basis for making transactions, in the end we get regret, things like this happen the most, so it's no wonder that most traders experience defeat

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June 09, 2023, 10:51:19 AM
 #185

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:
If they equate the variable trade with gambling to assess addiction then in my opinion it is wrong, trade through more clear activities requires knowledge and experience to run it, because that is considered not suitable for everyone if they cannot learn to understand trade well. This is the most surprising thing I have ever seen and I am accustomed to hearing about rehabilitation of drug addiction and there are many places I have seen before.

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 in question, is it related to daily trading activities? because even though people are so experienced in trading the possibility of profits and losses will always occur, so how can the addiction variable be assessed because trading is very different from the case of gambling. Say those who are active in daily trade are considered addicted, so it also cannot be compared to gambling.

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June 09, 2023, 03:44:00 PM
 #186

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?
Addiction is defined like this: "Addiction is defined as not having control over doing, taking or using something to the point where it could be harmful to you." So it is possible to get influenced by emotion while trading or same could happen with greed. Chasing loss is emotional and overdoing trades while you are making only profits is from greed. When you mix these two, you can become addicted for sure. So I always try to stay away from those situations. I  make a target for profits and a limit to my loss. Then, if either of them is filled, I will exit the trading. Take a break, do something else. Then come back to it with a new target and a limit for my loss.
I guess it is very necessary to have a control over your emotions before getting into tradings. This will significantly increase your mindset and you won't fall into the category of "ADDICTED". And also if you could just follow the basic rules of trading, you are most likely never going to get addicted to trading. Having passion is a thing, but addiction is another thing. The more you do, the more experience you gather. But overdoing anything which is out of our control is always harmful.
So, trading addiction is a thing and with a little bit of work, we can maintain that and prevent it from becoming an addiction.
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June 09, 2023, 07:02:15 PM
 #187

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?
i'm lucky not to fall into the trading addiction category because i don't do day trading and usually day traders often experience this,

Quote
Day trading is addictive for the same reason that gambling is addictive, and it has to do with the brain.  When a day trader takes a profit, or even gets excited about a potential profit, the brain releases “feel good” neurochemicals such as dopamine and serotonin.  In activating the brain’s reward system, over time the brain becomes reliant on this type of stimulation in order to induce pleasure.  The brain becomes conditioned to want to trade financial instruments for excitement, euphoria, and wellbeing.  Undoing the damage done to the brain can take weeks or months to correct.
[1] https://www.familyaddictionspecialist.com/blog/am-i-addicted-to-day-trading-10-signs-you-are-addicted-to-day-trading-and-what-to-do-to-stop

all traders must pay more attention to the duration of their trading every day to avoid the effects of addiction on trading even in some cases many also experience withdrawal symptoms such as anxiety when not trading, if it reaches this stage then the trader must be treated (to avoid bad effects in the future which could only make the sufferer worse).

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June 09, 2023, 07:53:10 PM
 #188

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?
i'm lucky not to fall into the trading addiction category because i don't do day trading and usually day traders often experience this,

Quote
Day trading is addictive for the same reason that gambling is addictive, and it has to do with the brain.  When a day trader takes a profit, or even gets excited about a potential profit, the brain releases “feel good” neurochemicals such as dopamine and serotonin.  In activating the brain’s reward system, over time the brain becomes reliant on this type of stimulation in order to induce pleasure.  The brain becomes conditioned to want to trade financial instruments for excitement, euphoria, and wellbeing.  Undoing the damage done to the brain can take weeks or months to correct.
[1] https://www.familyaddictionspecialist.com/blog/am-i-addicted-to-day-trading-10-signs-you-are-addicted-to-day-trading-and-what-to-do-to-stop

all traders must pay more attention to the duration of their trading every day to avoid the effects of addiction on trading even in some cases many also experience withdrawal symptoms such as anxiety when not trading, if it reaches this stage then the trader must be treated (to avoid bad effects in the future which could only make the sufferer worse).
Just like any other hobbies or thing that you are really focused on, there is a chance that people will get addicted into it. Just like gambling, there people who are getting addicted to trading and it's sad to see traders that are doing revenge trading which put them at the greater risk. All addiction is curable but it needs a long time for it to be cured and it might require some specialist and rehabilitation program just to be free from that addiction. At the end of the day, everything is fine not until you got addicted and receives negative effects on what you are doing.
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June 09, 2023, 08:59:31 PM
 #189

-snip-
Any addiction is not good and will give a negative impression, such as trading addiction or gambling addiction.
Trading addiction can probably be said to be an addiction that is still milder than gambling addiction.

Usually, those who want to continue trading are always wrong in doing the strategy and end up losing.
If they trade spots it is still possible to save, but if trading Futures it will be a loss that will not be recovered unless you put in more money and place an order to double the initial loss.

Sometimes there are some people who do not understand the basic science of trading and trading seems like gambling.
Only using instincts and guesses without any analysis done.
Agree on what you had said on here on which if this one done in spot then it would be considerable but if this one talks about futures then it would be considered gambling already.I have seen some of my friend

who are really that a good trader too and on the time that they do see that spot trading earnings or profits arent really that much big then they have decided on switching into futures and then they did came

back and telling that it was a pure gambling or the experience was so intense on which every movement would really surely count and high chances on getting liquidated specially on making use of high leverage.
It is true that any form of addiction is always been bad but you could really tell the difference on which one is really that indeed better than the other.There's nothing need to cope up if you do find yourself
do able to handle it well on what you are currently engaging. Addiction in trading is much better than on getting addicted with gambling which its a completely different scenario.

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June 10, 2023, 07:10:50 PM
 #190

Any addiction is not good and will give a negative impression, such as trading addiction or gambling addiction.
Trading addiction can probably be said to be an addiction that is still milder than gambling addiction.

Usually, those who want to continue trading are always wrong in doing the strategy and end up losing.
If they trade spots it is still possible to save, but if trading Futures it will be a loss that will not be recovered unless you put in more money and place an order to double the initial loss.

Sometimes there are some people who do not understand the basic science of trading and trading seems like gambling.
Only using instincts and guesses without any analysis done.
To become a better trader, you will need to spend more time in the market. We have lots of professional traders right now but I don't have negative impressions with them. I'm in fact inspired with them and want to follow their footsteps so that I can change my life too from poor to being rich. Continue doing the wrong thing, is the one that is not cool. Trading is not like gambling.

In trading, we can do something to correct our mistakes. Even we already master trading, there is still a little gamble on it or risks in other term. I think there is no trader who always win or have a 100% winning rate but they sometimes lose too because the market are sometimes unpredictable.
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June 10, 2023, 11:26:20 PM
 #191

Rehabilitation or correction center adding cryptocurrency trading addiction to their list is something that shouldn't surprise us as crypto enthusiasts because we all know that everything that's not well managed could lead to addiction. Besides, ever since some people join the cryptocurrency market they have never have 8hours sleep which is bad for their health.
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June 11, 2023, 08:21:10 AM
 #192

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

I fully agree with you, we can't compare gambling addiction to a trading addiction. The two things are very different, because in gambling you either win or lose. Especially when you are addicted to it you can't stop. So you will only stop when your balance is 0 or if you made a big profit and are happy with it. There is no in between, you either take it all or you lose it all. In trading it's very different, once you invested all your money your balance is also 0, but you therefore have a variety of crypto coins in your portfolio. Now when prices are moving against you and you are in the red, you shouldn't be selling all your coins and reinvest them somewhere else. A paper loss is not realised as long as you are not selling it. Also even if you would sell all your positions again your loss wouldn't be 100%. In trading we will always have some money left that we can use to make more money again. I am not saying that a trading addiction doesn't exist, but it should be easier controllable than a gambling addiction.
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June 11, 2023, 11:51:14 PM
 #193

Rehabilitation or correction center adding cryptocurrency trading addiction to their list is something that shouldn't surprise us as crypto enthusiasts because we all know that everything that's not well managed could lead to addiction. Besides, ever since some people join the cryptocurrency market they have never have 8hours sleep which is bad for their health.

I have been seeing people that are mostly addicted to trade and the problem is thanthey keep losing money and they are not even ready to stop trading. Some will keep borrowing money and trying to eseb profits from the trade to pay but the contrary do happen mist time. We need to advise this kind of people to stop trading although it might be very difficult but we just need to be very careful and make sure we are doing things right so that it will not affect us or make us do things that would keep putting us in problems because we are owning lots of people money.









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June 12, 2023, 07:07:47 AM
 #194

I have been seeing people that are mostly addicted to trade and the problem is thanthey keep losing money and they are not even ready to stop trading. Some will keep borrowing money and trying to eseb profits from the trade to pay but the contrary do happen mist time. We need to advise this kind of people to stop trading although it might be very difficult but we just need to be very careful and make sure we are doing things right so that it will not affect us or make us do things that would keep putting us in problems because we are owning lots of people money.
Addiction is probably one of the bad factor that influence the young minds in the trading space specifically the newbies. We know what we want and trading with good solid strategy. Loss is general and applicable to everyone even the pro traders do record losses in their trade. Losing without improved plans is just wasting your money, one will never learn it right if he or she always place multiple trades without mapping out crucial plans. For instance, any trade that have kept me waiting for long, when it finally triggered,  losing more than twice in a day, I immediately stop, because anything further than that is considered gambling with the market.

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June 12, 2023, 12:09:59 PM
 #195

It is never okay to be addicted to anything be it sports drugs or anything else. Whatever we do, we must have control over it. Being addicted to trading is a bit surprising to me because of how people become addicted to trading. 

Where trading requires sufficient knowledge and ideas along with money, how people are getting addicted to trading. All of us who are involved in trading should conduct trading activities to a certain extent. 
It is better not to get into this addiction just to earn some money because becoming addicted to trading will have a serious negative impact on your finances and your family.

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June 12, 2023, 12:30:02 PM
 #196

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?

In trading addiction you are using all of your sources and asset to make a possible trades position that could give you gains and losses still depending on your execution, this is all about your knowledge if you are addicted it seems like a great and bad news at the same time, great because you know now how to handle trades bad news is sometimes we have a revenge trades most likely happen, in this thing you are the responsible to the winnings and losses unlike in gambling you are depending your faith to the gambling slot casino itself it risk on the outcome even though they have a strategy game but at the end you don't know the possible next move in the future so its quite different. Better to get addicted in trading than gambling depending on your perspective. Like knowledge versus luck.

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June 12, 2023, 09:24:10 PM
 #197

Trading addiction, in my opinion, is only for persons who continue to trade while regularly losing. It cannot be labeled addiction if you trade a lot in a day and still manage to be profitable. If you continue to trade even when you constantly lose, you are being governed by your emotions because you are engaging in revenge trading, which is extremely risky to your funds and is more likely to be labeled as a "addiction." To avoid this predicament, we should have sufficient trading knowledge. Backtest your strategy so that you may build faith in it. Always stick to your trading plan, even if it's difficult sometimes, especially if you're losing money. If you continue to lose, you should take a break.
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June 12, 2023, 10:30:10 PM
 #198

Trading addiction, in my opinion, is only for persons who continue to trade while regularly losing. It cannot be labeled addiction if you trade a lot in a day and still manage to be profitable.
I think regardless of the results, as long as you've been doing that activity at most times on a daily basis that can be said as addiction.

There's no difference in gambling addiction and regardless whether you win or lose as long as you've been doing it everyday for many times, that can be said as addiction.

That's just my opinion regarding if someone who trades daily and keeps on winning but I guess that's a good addiction if ever you're making money out of day trading. Anyway, we'll still fall that anything that's too much is bad.

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June 14, 2023, 02:23:33 AM
 #199

Rehabilitation or correction center adding cryptocurrency trading addiction to their list is something that shouldn't surprise us as crypto enthusiasts because we all know that everything that's not well managed could lead to addiction. Besides, ever since some people join the cryptocurrency market they have never have 8hours sleep which is bad for their health.

I have been seeing people that are mostly addicted to trade and the problem is thanthey keep losing money and they are not even ready to stop trading. Some will keep borrowing money and trying to eseb profits from the trade to pay but the contrary do happen mist time. We need to advise this kind of people to stop trading although it might be very difficult but we just need to be very careful and make sure we are doing things right so that it will not affect us or make us do things that would keep putting us in problems because we are owning lots of people money.
The problem is that some cryptocurrency investors don't understand that trading cryptocurrencies are not for everyone, and it necessitates a particular level of education, comprehension, and ability to tolerate risk. Therefore, every trader that can't bear all the needed knowledge, and risk tolerance shouldn't go into trading.
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June 14, 2023, 03:47:40 AM
 #200

Trading addiction, in my opinion, is only for persons who continue to trade while regularly losing. It cannot be labeled addiction if you trade a lot in a day and still manage to be profitable.
I think regardless of the results, as long as you've been doing that activity at most times on a daily basis that can be said as addiction.

There's no difference in gambling addiction and regardless whether you win or lose as long as you've been doing it everyday for many times, that can be said as addiction.

That's just my opinion regarding if someone who trades daily and keeps on winning but I guess that's a good addiction if ever you're making money out of day trading. Anyway, we'll still fall that anything that's too much is bad.
addicted to trading as long as it is in accordance with the analysis I don't think it will be a problem, because many of us are addicted to making transactions even though the price has not yet been included in the work plan, we are in a hurry to make transactions. this is natural for humans to do because our nature is like that, but we must learn to wait until the price enters the buy area and we enter a transaction. if that's the case, trading addiction can be assumed to be positive for us, because it means we love our job as traders,  by loving our hobby, it is hoped that we can gain profits according to the portfolio that has been made
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