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

[knowngunman]

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

You're not wrong but the problem is would he listen to you? From your story, you said you've told him before to stay away from trading but he refused to listen so do you think telling him to stop it again would make any difference?

→Am I asking for something unreasonable, or is this actually a serious red flag?
Honest and realistic opinions would really help.

From your narration, this is more than a red flag and asking him to stop is the most reasonable advice you could ever give him. Trading and gambling addiction is almost the same thing and people think they can recover their lost money by continuing without realising their losing more money. Leaving such person to their fate will lead to greater disaster if you don't intervene quickly. Anything that allows him to have access to trading should be strictly under supervision until he begins to lose interest.

[Bobrox]

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.

In my opinion, quite difference between addicted in trading and gambling for gambling addicted difficult to control emotion after losing position try to make new deposit again how to recovery from loss. Addicted in trading is normally because you trade as source or side income and you have knowledge make research to buy or sell cryptocurrency coins. Addicted in gambling make many gambler out controlling the emotion by selling all their assets from mobile phone, car and seriously by pawning a house certificate.

For spot trading addicted I believe some easily to control their emotion because not fully loss just decreasing price or assets valuable but when losing in gambling you loss all without any capital left.

[Jeorgejs]

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

Theres no way you are wrong for telling him to get out of that curse, because convincing your uncle to stop trading in crypto could help protect him from losing everything he has worked hard for. I know his intentions were to get back what he losses, he wanted a better future but continuing in a risky situation could only bring more loss and stress. Stopping it now could save what remains of his money and prevent serious financial problems for him and his family.

Convince him too to quit using drugs because that will be the reason his money gets completely used up, and it’s like he’s also killing himself through drug abuse.

You got this OP.

[puloweh555]

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.

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.

[Finestream]

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.

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.

People who have serious addiction will not just easily stop and leave their thing. In fact, they will even fight for it and defend like its not ruining their finances, so you can't do anything than to wait when he'll realized that trading is no longer suitable and profitable for him.

But of course, you have to be there for him and monitor his trading outcomes every time. That way, whenever he shares something and ask for tips or advices, at least you can tell him directly that what he's doing has done nothing good for him but slowly ruining his life without his full awareness.

[Stable090]

In my opinion, quite difference between addicted in trading and gambling for gambling addicted difficult to control emotion after losing position try to make new deposit again how to recovery from loss.

Have you seen when someone gets addicted to trading before? I feel anything addiction is just bad either it’s trading addiction or gambling addiction. It’s just better we say away from addiction, because immediately we get addicted it’s always so difficult to stop. You might see a trader which is already addicted to trading but you won’t know because the person will claim he is just trying to make money, and won’t even talk about addiction.

Addicted in trading is normally because you trade as source or side income and you have knowledge make research to buy or sell cryptocurrency coins.

Addiction is not normal in trading. As a trader you are suppose to manage your risk, if you notice you losing to much, always know when to stop. People do sell their properties just because they want to trade, and I have heard that a trader committed suicide just because there was a massive crash in market, so you can see that addition is bad generally.

[Hypnosis00]

I think this is a serious issue and you should get professional help instead of trying to help him yourself.

It might not be just trading but a lot more things that they have become addicted to including drugs, as mentioned in the OP. Also trading which is not spot trading is essentially a gambling, so it is better to assume he is gambling the money.

In either case, better to get pro help.

I definitely agree on this. The idea of helping your own uncle is commendable but it would be more effective on the part of your uncle if you finally get  a professional help because that's what he actually needs. The fact that he doesn't even listen to everyone means that your efforts will only be meaningless.

So its for the best if you can seek professional help for him. Maybe he'll be hesitant at first but I think he'll understand your point in the end. Just let the professionals manage his trading addiction, or else your  uncle's condition will get even worser every passing day.

[Asiska02]

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

His situation is in a very dire state and I feel he should recheck his commitment to trading and maybe take a break. Consistently trading for two years and you’ve not seen any progress in your trading journey is a red flag. It is either you’re not trading the right way or you’ve not learned from the best and missing a lot of things you ought to have known about trading.

→Am I asking for something unreasonable, or is this actually a serious red flag?
Honest and realistic opinions would really help.

I don’t really buy the idea of selling your personal belongings and put the money into trading, this looks like a very expensive risk that if you’re not an already profitable trader you should not even try it. These are valuable things that when you keep with you can be very helpful to you. After selling them to fund your trading account, you’ll be pushed to risk much to get them back immediately and that’s a bad approach as a trader. Let him give trading a break and you being by his side have really being helpful to him.

[r_victory]

Clearly he needs a lot of help, the problem is if he doesn't want to be helped; you can't force someone to seek treatment for an addiction. It's sad when someone close to us finds themselves in a situation like that.

Don't give up on him, it will be a difficult fight, but when we fight together, it becomes easier. When we know there's someone willing to support us, we become stronger.

[Bd officer]

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

Your advice is not bad. Your uncle has been trading for two long years but has made repeated losses. Now he may not have gained enough knowledge about trading. Selling your uncle mobile and car was wrong. Was he dependent on trading? It was wrong to take trading as a source of income. Anyway, of course good advice for your uncle is to quit trading but if your uncle tries to recover the lost money he may lose more. So you should try to convince him better. Remember trading is very risky, not everyone can succeed in trading, and you ask your uncle to find a good source of income and you can suggest him to invest in Bitcoin instead of trading which is not as risky as trading.

[wozzek23]

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

From what you have shared above, you are absolutely right in suggesting that he stop. Although I'm sure if we ask him, his version will be different so it's hard to say for sure because we don't know how exactly he is trading, although it seems like gambling at this point, and he is even addicted to it.

Am I asking for something unreasonable, or is this actually a serious red flag?

It often happens when you lose money in something, you want it back from the same. Just explain to him that what's gone is not coming back, and it's a sunk cost. Just forget about it like a failed project and proceed with something that works. Maybe small but solid and confirmed earnings are better than chasing big income in the beginning. Once he is stable in his life, can try a few other things maybe.

[Y3shot]

Clearly he needs a lot of help, the problem is if he doesn't want to be helped; you can't force someone to seek treatment for an addiction. It's sad when someone close to us finds themselves in a situation like that.

Don't give up on him, it will be a difficult fight, but when we fight together, it becomes easier. When we know there's someone willing to support us, we become stronger.

It is easy to fight together when one is willing to get rid of their addiction or they really want help and want everything to return to normalcy. But if inside the mind one is not willing to change, there is nothing that can be done about it. Every decision in trading is personal; it is left for every trader to decide how they want to go about trading, and if they choose to do it the right way, then for sure those who want to help support their effort would count.

Every trader is responsible for how they go about trading; no one can do it better for you than you can. In most cases, if people want to support you and you don’t really have the understanding, they might even take advantage of you.

[Rockson1]

Clearly he needs a lot of help, the problem is if he doesn't want to be helped; you can't force someone to seek treatment for an addiction. It's sad when someone close to us finds themselves in a situation like that.

Don't give up on him, it will be a difficult fight, but when we fight together, it becomes easier. When we know there's someone willing to support us, we become stronger.

It is easy to fight together when one is willing to get rid of their addiction or they really want help and want everything to return to normalcy. But if inside the mind one is not willing to change, there is nothing that can be done about it. Every decision in trading is personal; it is left for every trader to decide how they want to go about trading, and if they choose to do it the right way, then for sure those who want to help support their effort would count.

Every trader is responsible for how they go about trading; no one can do it better for you than you can. In most cases, if people want to support you and you don’t really have the understanding, they might even take advantage of you.

I go by what you said, when fighting a situation, the problem must be identified, I this type of situation, the person that needs the help must admit that he needs help but the person that wants to render the help must approach him him very well, because there are some.situations where by the individual that has thjs problem can not actually admit to them, addiction is something that should be handled with care, it is not that easy to fight, although the point is that, for such person to be free, they have to also prepare their mind to get off the shit totally, addicted individuals are making it look like people has not been doing that which got them addicted, trading is something everyone do with caution.

[ecnalubma]

My younger uncle has been trading for almost 2 years now... 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.

You are definitely not wrong for telling him to get out. In fact, what you are doing is an act of genuine care. Based on what you’ve shared, this is no longer trading this is high-stakes gambling fueled by an addictive personality. Your uncle is likely revenge trading. He isn't trading to make money anymore he is trading to try and win back the car, the phone, and the family money he lost. This is a cycle that almost always ends at zero.

You mentioned he wants his wife to be completely dependent on him in the future. This is a major psychological red flag. It sounds like he is trying to use a big trading win to compensate for the control and dignity he feels he has lost in his personal life. You mentioned his past with drugs. Neurologically, the rush of a volatile trade can trigger the same dopamine pathways as substance abuse. He hasn't quit his addiction; he has just switched the medium from drugs to the charts.

You cannot save someone who is actively burning their own house down while they are still holding the torch. If he is selling essential assets and taking money from family under false pretenses, the stable path is gone. Intervention is necessary, but you must protect your own mental health and finances first. You are not asking for something unreasonable you are asking for him to survive. If he refuses to listen to reason, letting go might be the only way to show him the true weight of his consequences.

[SOKO-DEKE]

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.

If someone is doing a wrong thing, the best thing is for the people around them to advise them to stop doing such a thing. So, telling your uncle to quit trading, as it is not getting good results, is always the best thing. If there are any other ways to help your uncle quit trading, I would advise you to extend those ways to help him.Because if it continues like this, it can lead to serious problems that may even drag the family into issues such as going into debt and taking loans for trading. When someone is addicted, there is almost nothing they won’t do to get money to trade. Being addicted is not something good and it has caused a lot of damage to many people.