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

[Issa56]

My questions are:
→ Am I wrong to tell him to get out of the trading life in this situation?

You are doing the right thing. If you can’t tell him to stop trading, then you not really a good family member. I don’t know why some people are just so desperate to make money which is always allowing them to ignore some basic things. How will you sell your property just because you want to trade? It’s not proper. As a trader if you are experiencing frequent loss, then you should just stop trading for that moment, take your time to check the cause of your frequent loss before coming back.

At some points when I also started trading, I was also carried away, I was trading so much and I was losing, but I was just lucky that I was able to control myself during the early stage. No matter what you tell some people, they not going to listen.

[Vaculin]

→ Am I wrong to tell him to get out of the trading life in this situation?

Rather than giving him the advice to totally quit trading life which is something he may not really want to do, you can give him the advice to look for another source of income while he still pursues trading because some people would never learn especially when he knows that you're not a trader in a position that would understand him. Maybe with another source of income to support his daily needs he will be able to make better trading decisions from a position where he is under less pressure from wanting to make money to spend on basic needs.

That could also work, but you can't expect that he will bite your offer because his mind is totally engrossed with trading, and that working on another side hustle could only mean losing some time and opportunity to be in profits with trading.

If he's still in proper way of thinking, he'll understand but based on OP's story, his uncle seems like hopeless that's why everyone in the family has abandoned him. The only solution for me is, convincing him to seek for an addiction counselor that could address his problem, if he won't, his trading addiction will only make him suffer the worst in life.

[Odogwu-Blockchain]

The only solution for me is, convincing him to seek for an addiction counselor that could address his problem, if he won't, his trading addiction will only make him suffer the worst in life.

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.

[Jatiluhung]

Honestly, I would be just as confused as you if I were in the same situation as you. Because you have already advised him. And I think giving advice too often will not be good for your relationship in the future. And I'm afraid he will become even more closed off from you. I think you shouldn't tell him to stop trading. But maybe try giving him advice that he can still trade but he should also look for some kind of side job that can bring him income. And you can tell him not to give up. With the job he might get, he could potentially recover using the capital from his salary. Sometimes offering hope is better, even if it's just sweet words that may not become reality. But what's certain is that he needs to gradually reduce his trading activities. Without needing to stop completely.

For someone deeply addicted like his uncle, I don't think his piece of advices and suggestions will still work.

His uncle is already closed-minded and is only focused to trading, and he won't get rid of it if he can't recover his huge losses and  make some profitable gains. So my advice is short but direct to the point, he needs a serious help from those medical practitioners that deals with addiction. If he can be put in a rehabilitation center, much better so that he will not ruin his life with his trading obsession.

If the situation is life-threatening, such as if he becomes so desperate that he wants to take his own life. then yes, he needs to be treated by experts in this field. such as a rehabilitation center or similar facility. However, if the situation is not life-threatening then such measures may not be necessary. Because if he becomes aware of this, he might act impulsively and leave home. making his whereabouts unknown and difficult to locate which would be even worse.
A gradual approach, I think, could still be a solution. even if the OP has knowledge about trading, he could help him manage his trading to minimize losses. However, if his condition becomes increasingly uncontrollable, it will be difficult for his family to handle it anymore.

[Roseline492]

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.

[Cgrexp]

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 have given him the right advice because I think it is better for him to refrain from trading in this situation. You have taken a safe step according to the situation. Since he has not had a stable income for two years and is also losing money repeatedly in trading, if he continue like this he will lose whatever wealth he has. This has become his habit due to which he is not giving up trading even after losing money repeatedly. Besides, he has already sold his assets and there is additional pressure on his family. In this case, he needs a stable income system so that he can have a sure income path on a weekly basis. So it is better for him to step back from trading.

[tvplus006]

...However, if his condition becomes increasingly uncontrollable, it will be difficult for his family to handle it anymore.

Any addiction is dangerous and if it cannot be stopped immediately, it will eventually lead not only to the loss of your own money, but also negatively affect the financial condition of the family. But we must understand that very often it is impossible to do this without medical intervention.

[Botnake]

You said the rest of his family members have leave him, so that means you are the only key to convince him to minimize his trading addiction because obviously, that will never do good in the long run.

Whatever that is done with abuse will never be good at all, and your uncle is already on that stage, so if its possible, at least he should see a reliable person that could help him what he's going through now.

Now, you are in charge with it. Just keep reminding him that there's no good with trading addiction, maybe he'll change his mind when he sees himself he's not growing anymore.

[LogitechMouse]

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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.

Sometimes, letting them realize that what they're doing is wrong already is the best thing to do. You can give advice to him, you can tell him the consequences of trading, you can tell anything on him, but if he doesn't want to quit, he will not quit until he realizes it.

Saying to him to quit is a good thing, but if he doesn't want to quit, let him do whatever he wants to do. At the end of the day, there will be a point where he will realize that what he did in the past was wrong. You also said that he's also addicted to drugs as well, and that would just make things way worse for him because aside from his addiction to trading, he's also addicted to it as well. Quitting in trading would be easier for him if he don't have any money left. It's just a bit concerning that he has a wife that's getting affected. If you need to give up on him then so be it. Sometimes, we need to be cruel for the betterment of the person.

He's obsessed with the fact that he can make money thru trading, and yes, you can really make, but it will not take you 6 months or 1 year unless you're very lucky, but what are the chances for it to happen. Just continue to tell him to quit, but if he doesn't want to quit then just let him do whatever he wants to do. As for you OP, if you're getting affected negatively as well because of his wrongdoings, maybe it's better for you to stay away for a while.