When Trading Becomes Addiction: Should I Intervene or Let Go?”

[BlackBaron]

there are some people who want to trade without gaining their skills, if they can achieve a few trading wins in a short time, later they become more greedy. Basically, we know that if you are greedy in trading and gambling, then you must be addicted, that is why you need to trade with the utmost responsibility and experience. If a person falls into addiction in trading, then he must come out, if what you have done is definitely right.

Yeah, trading may work very much similar to gambling as trading also stirs adrenaline pump often. So, you are greedy or how frequent that you are trading are not a criteria for getting addicted to trading, you will get addicted to it when you are enjoying your profits grow in real time. Yeah, people prefer trading to avoid a day job and want to be their own boss and to live out of it. So, they target big money and when they have open position, they do follow the market and enjoying the thrills of ups and downs of market and then slowly getting addicted to it.

Yes so I'm also not surprised when people say trading is gambling, I know why and yes it's true that some people are not trading but gambling even though all they see and do is watch market price movements. There also arises greed as you said.

Another problem is when someone is trading and already has a very large target. Like in Op's story, I'm sure his uncle was very ambitious. Instead of being able to get a very large profit, he actually felt a bigger loss than what he targeted. This is no longer healthy, because there is ambition driven by emotion.

[Baki202]

You should tell your uncle to stop and evaluate what happened in his trading. This will help him improve his trading skills when he trades again. In your story your uncle has reached the stage of trading irresponsibly and may even be obsessed with getting rich quickly.

And a lot of people don't even do self-evaluation, and this is something that will help because that's where you will be able to talk about your mistakes, because experience will help you to become a better trader, and some people trade recklessly, and there are different ways that things can be handled instead of them, and those that are obsessed with getting rich quick, their faith is always determined. And it won't be nice at all because there is no way that kind of mindset will help you.

Therefore, it's best to tell your uncle to stop and evaluate everything. He should trade again when he can control his emotions, reorganize his risk management, manage his finances, and develop a healthy mindset about trading. Trading can become addictive when it involves greed.

And some people will still want to just continue without a proper assessment of whether they are making a profit or not, or if they are making mistakes or not, but a lot of people are not even too sure about themselves. Instead of them doing better by doing a total analysis of the money spent and the money gained, there is a big difference in this case, and this is why there are professional traders who do things like this, so that they will know the next step to take.

[Rubuchi]

There should be no convincing, it should be by force by one of the strongest person in the family to handle that, what he truly need is a medical attention to heal his depressive disorderliness. According to OP, he said, he has also suffered from drugs addiction before. All these accumulated together to fuck him up.

Your uncle should be treated with benzo pill to heal insomnia, amitriptyline for shizophrenia, and olanzepine for depression.

This should be maintained for a period of 6 months, do this and expect good result.

If you want to give a solution to some habits make sure you don't apply force on the person so that it doesn't generate a situation of not talking term with the person, even in learning, applying force there is nothing they would understood but calmly you can convince the person to see more things is going to cause them, sometimes using others who started from were he is and become worst because of how they didn't want to listen to anybody but had to sadly realized late of how he could have stopped what was going on could also help on the healing. Are you a medical personnel?, I mean with all this medicines you prescribe for someone in that condition to be taking.

if you are to seek for my opinion, I will say it all depends on the situation and the person involved. Although if I was to build the steps I will take before helping someone correct their bad habits, the one I will always result to as the last step of all is the application of force to correct their bad habits habit but I will always start with a very calm and strategic way by telling the person what I think they should know, from their if the person doesn’t listen, I will try to make an cite an example to another person’s life story and if they still don’t change, I can now start to think of alternatives such as using force where necessary

[leonair]

You are doing what is right, nothing can change that. But know this, your need for a honest and realistic opinion is why I say this, I wouldn't ordinarily, I feel your pain and genuity. I sensed more than addition while reading your post, entrapments like this are mostly viewed psychologically, but it could be beyond it.

I don't know if you believe in spirituality, that is what I sensed. Trading can be addictive, but the addition is not like that of gambling, it only lasts for a short while after the market had taught you a bitter lesson. Your uncle is entrapped in it, nothing will stop him, if you like feel pity or advice him forever, he will not change. My one and only advice is to go for a deliverance, after which, he should see a therapist or a counselor. Don't overlook this advice.

Exactly, being addicted in trading is not the same with that of gambling but its necessary to trade with the amount you can afford.
And having the understanding of what trading is, will help you to understand or know the right tools to use, especially when one is encounter with any difficulties like this and also have that knowledge that trading is not something one can just start profiting without facing one or two obstacles, which is why one of the rules of having a successful trading is by applying self-control or self discipline, which can support them to achieve their purpose.

Being addicted to crypto trading is not like being addicted to gambling, but those who are addicted to gambling have a dream of winning big and they continue to gamble with their own strategy and do not want to understand that gambling is dependent on luck. Again, those who are addicted to trading leave everything to luck without knowing any technical analysis and start trading using this high leverage and reduce their trading capital to zero. For them, trading and gambling are almost the same. So if you are addicted to trading, you must control yourself, otherwise there will be a risk of huge financial losses.

[moneystery]

Some people think they're trading simply because they're playing the market by observing price movements, but what they're doing is nothing more than gambling. While they may claim to be doing well in their trading, it's simply luck that happens to favor them in the short term. Afterward, they're likely to experience significant losses because they're not actually trading, but rather gambling their money, hoping for easy gains.
And that's exactly what happened to this man. He was lulled by his profits, but when things changed, he kept trying to recoup his losses, only to find himself in even deeper trouble. This is the reason why trading is not for everyone, because when someone does not have emotional control and a strong understanding of the instruments they trade, they will end up tragically.

[Odusko]

Cryptocurrency trading addictions is same as gambling addictions since both leads to heavy loses and financial crisis for the victims, so for that we should always step in to help those that can not help themselves as addicts.
Cryptocurrency trading have alot of influence and losing is not the only bad negative effects of trading uncontrollably and with greed at the center stage, so sure avoidance is the best approach we can point to for those that are dent heavily in trading addictions.

[fuguebtc]

Exactly, being addicted in trading is not the same with that of gambling but its necessary to trade with the amount you can afford.
And having the understanding of what trading is, will help you to understand or know the right tools to use, especially when one is encounter with any difficulties like this and also have that knowledge that trading is not something one can just start profiting without facing one or two obstacles, which is why one of the rules of having a successful trading is by applying self-control or self discipline, which can support them to achieve their purpose.

Being addicted to crypto trading is not like being addicted to gambling, but those who are addicted to gambling have a dream of winning big and they continue to gamble with their own strategy and do not want to understand that gambling is dependent on luck. Again, those who are addicted to trading leave everything to luck without knowing any technical analysis and start trading using this high leverage and reduce their trading capital to zero. For them, trading and gambling are almost the same. So if you are addicted to trading, you must control yourself, otherwise there will be a risk of huge financial losses.

Trading and gambling are different, but once we become addicted to one, the line between them disappear. Because the consequence of trading addiction and gambling addiction are the same. Both will lead to losses for us, and worse, will cause us to lose control of our emotion and reason

Once an addiction is formed, nothing good ever comes of it. Therefore, never let yourself become addicted, especially to thing related to money and finance like gambling or trading

[Dictator69]

I never wanted him to become a billionaire or millionaire. I would be completely satisfied if he earned even 10–20 thousand taka per month. I have repeatedly advised him to quit trading and take a small job, but he refuses to listen. He is so frustrated that he still says whatever little money he has left will also go into trading, and if that’s gone, he will be “destroyed.” Another important issue—he was addicted to drugs (yaba) for about 1–2 months before. I stood by him even during that time. Now he says that in the future his wife will not be allowed to work outside,

My questions are:
→ Am I wrong to tell him to get out of the trading life in this situation?
→Am I asking for something unreasonable, or is this actually a serious red flag?
Honest and realistic opinions would really help.

You are not wrong to advise him to get out of trading; that’s what anyone would do.
It seems like a serious red flag. If a person can’t see that what he is doing is hurting himself and his family, that person needs to be checked. First, talk with the grandfather; he will tell you what kind of person your uncle is, if he is still alive. The grandmother might also give you some hints, and you may find a way to help him.

Earning money is not so hard, but if he wants to earn big, ask him why he wants to earn big.

Also, you did not mention why his wife has to leave work, like why would she not be allowed to work? And why do you think you don’t want him to be a millionaire or billionaire? Is he doing all this for you, or what? You are not seeing it from his point of view, as far as I understood.

[Oluwa-btc]

My questions are:
→ Am I wrong to tell him to get out of the trading life in this situation?
→Am I asking for something unreasonable, or is this actually a serious red flag?
Honest and realistic opinions would really help.

You're absolutely doing the right thing first of all by looking out for your younger uncle and making sure he's on the lane of trading responsibly,come to think of it he's using gambling tactics to get at his trading and that's why he's having the results unfolding for him this way. And coming from his end it's a total red flag and you're doing a great job in making sure hus trading life is intact but when he feels otherwise you can as well pull back.

[shawonngp]

The issue you talked about in detail: I think your uncle still doesn't understand anything about trading. I think his trading knowledge is zero, even though he has been trading for 2 years. Many differences between trading and gambling. People get easily addicted to gambling because they expect huge profits, they want to get rich overnight, but it is not possible to make a lot of money by gambling without winning the jackpot. But 2 years of continuous loss in crypto trading means he is treating trading as gambling, so he got over addicted and sold his valuable phone and car. It is undoubtedly a good idea for you to advise him to leave trading. If your uncle Without trading for two years, I think he should have been holding Bitcoin for a long time; he got 2-4x profits.

[gunhell16]

In my opinion, I don’t see anything wrong with giving him a reminder, especially since he isn’t seeing any growth from his trading activities. I could understand him having a 'trading addiction' if he were actually profitable.

But if it has reached the point where he is losing his possessions, that is no longer a good sign and there is definitely something wrong with what he’s doing. I honestly don't know what his motivation is for continuing, despite the lack of progress or improvement.

[Cyber_warrior]

Cryptocurrency trading addictions is same as gambling addictions since both leads to heavy loses and financial crisis for the victims, so for that we should always step in to help those that can not help themselves as addicts.

Some people don’t know that people get addicted to trading also, when addiction is being mentioned, people only think about gambling addiction, and they don’t know that people get addicted to trading also. If we discover that someone trade so much, we should try to check if the person is really making money from the trading, if you discover that the person is losing more than how he making profits, then we should try to step in, the person might just be addicted to trading and won’t even know.