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]

---
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.

[Peanutswar]

~
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.

Its not too late to quit in trading like we are keep telling here that trading is open for everyone but trading does not mean for everyone so if you think and he also think trading is not sustainable and good for his health and finance already better to quit as early as possible imagine he manage to sold most of his liabilities and assets just to sustain trading. Better to seek other opportunity than getting a debt in trading.

~
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.
~

He seems does not realize yet about the things can vanished to him so he keep doing this kind of activity. Its hard to change the persons mind until they realize at their own.

[nara1892]

...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.

Agree with you that any form of addiction is bad, in any activity especially in risky activities such as trading, not a few of the traders who end up bankrupt, lose assets, lose family, some are even almost stressed, usually they come with the wrong perspective and understanding that triggers the wrong approach too.
But on the other hand it may be a bit difficult to identify whether you are addicted or not, excessive trading such as overtrading at one time may be one of the signs.

[Franctoshi]

I’m sharing something very personal from my life and I genuinely want honest opinions from everyone.
My younger uncle has been trading for almost 2 years now. At the beginning, it seemed like he was learning, but gradually it turned into something like an addiction. Over these two years, I haven’t seen any stable income or consistent profit—only repeated losses. He claims that at one point he made around 50,000 taka in profit, but due to poor risk management, he lost everything. To continue trading, he sold his expensive phone, sold a car worth nearly 500,000 taka, and also took money from family members (he denies it, but I know the truth). Now he barely owns anything—just a low-end phone and a laptop, which he uses for trading.

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.

From the standpoint of an experienced trader, this is a true life story of many bigginer traders out there, especially when it's nearing addiction or has turned into addiction, most traders hardly quite or don't believe in quitting trading except if there are serious measures in place to get them out.


My honest opinion on this is, since it has turned out into a situation where he has to sell some of his properties to sustain trading it's no longer a profitable business on his side, and getting him out is indeed a good thing to do.

[Cgrexp]

You are right that excessive addiction to trading is dangerous. Naturally it is risky but if it goes out of control then it can bring long-term damage to life. The idea of getting rich quick is the main reason why most people start without knowledge or planning. And this is where their mistakes start. But yes many do not realize or do not want to admit that they are addicted. Frequent market monitoring and the attitude of continuing to trade even after repeated losses are signs of overtrading. Being disciplined, following a plan and making rational decisions prevents addiction.

[Nothingtodo]

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.

I read the incident and learned that your uncle was not able to make a profit in business, but you offered him a job, but he didn't agree to that either. Before doing any business, you need to gain knowledge about risk management. I think your uncle may not know some important tips of business. Maybe your uncle is involved in some other things besides business like gambling or drug addiction where he is constantly losing money. If your uncle cannot give up gambling or drug addiction, then it may not be possible for him to improve his business.

[Achalugo BTC]

In my opinion, there is a difference between gambling addiction and trading addiction because gambling relies solely on luck, whereas trading does not. I can say that I am addicted to trading, but I do not make it my main source of income because if we rely solely on trading, sometimes my mentality becomes disturbed, and this is based on my experience. And yes, it's true that we can overcome trading addiction, and the key is to learn more about trading and the causes of trading losses, which are usually due to a lack of knowledge and experience. So, the point is that there is a difference between trading addiction and gambling addiction because gambling relies on luck.

However, if you are skilled at trading, it will be easier to make money. That's why many people become addicted to trading because they see that potential. In my opinion, Uncle Op's addiction to trading is also because he sees that potential, but it seems he doesn't have much knowledge about trading, which is why he loses more than he gains.

Its essential for people to be able to differentiate between gambling addiction and trading addiction, as the both are slightly result the same, which will affect people mental health if not managed properly.
Because having the knowledge and understanding will help one better in making decisions that is valuable and beneficial to them and to others because knowledge is power and people shouldn't joke with that and it will be better for people to choose trading over gambling  because it can be managed if one becomes addicted by acquiring more skills and analysis, which can support one's growth unlike gambling whose one profit or benefit is based on luck and chance.

[icebar]

According to your description, the situation has reached such a stage that he is not actually trading but is addicted to gambling. Such a picture will never say that he is a trader but rather he has taken the form of a gambler. He must be stopped. Just investing money and starting to trade can never be called trading. Moreover, when a trader could not come back from there or could not stop himself even after losing repeatedly, there is no chance of calling him a trader. There will be no mistake in calling those who trade without knowing it a gambler. He should stop trading and know better the things to do while trading. Stop trading with emotions. Analyze and get an idea about the market trend.

[Localhostspeed]

This serves as evidence that trading behavior can also deviate and lead to addiction. We may be interested in trading, but we must set limits for ourselves in trading. The first mistake here is the lack of control over financial management. So your uncle does not know the actual amount of capital he can manage in trading. 
Telling him to stop is certainly good, but we know it won't be easy for those who are addicted to quit. They feel great and are in control of trading, so they do not hesitate to trade everything they have.

Trading can't cause addiction like gambling because the two are not the same the way. You can say you are addicted gambler and can decided to gamble $1 and see what's going to be the outcome but you can't do such wity trading because you need to do a lot of research before you start any trade which you may even decide not to.trade of the market is not favourable, trading can't have much effect of addiction like other things that has one.

There is difference between looking for quick money from other addiction and real trading. I don't think it's possible. You can have some people that are gambling addicted to trading because they make money during that time and will want to trade even if the market is bad and this can only be during the good times of trading, there are times traders can stay on their chair for long time without making any money from trading and they don't show any reaction.

[LastKiss]

~snip~
Honest and realistic opinions would really help.

Just because of a few wins, some people can become addicted to trading and it's no different from addicted in gambling just because . In my opinion instead of immediately telling him to quit trading, he should first learn patience especially how to wait for the best entries because someone can't immediately quit from what they addicted to. However, if he still can’t control himself, then he should stop trading altogether. The signs are already serious like selling his phone and car, using drugs and stealing. If no one support him to change his habit, the situation will only get worse and when dealing with someone who is already addicted, it also requires a lot of patience from the people around him.