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

[Y3shot]

If a trader trades without sufficient knowledge and keeps losing for long time, addiction can arise, but it is true that this addiction can be cured. If the trader gains sufficient knowledge, he will definitely understand his mistakes and at some point he will be able to correct himself. Most of the time when a trader makes small profits, he gradually becomes weak towards trading. There are some who move towards money in search of knowledge. At some point it can turn into addiction. Because when someone does not follow any rules, he will not be suitable for trading. Sometimes overconfidence will work or sometimes there will be an attempt to chase losses.

It is possible for a trader to have knowledge in trading and still lose whenever they trade. If one is experiencing losses in trading, the best thing is to quit and stop trading. However, many traders are carried away by the knowledge they have about trading; they simply think that the knowledge they possess is enough to generate profit in trading.

One thing about trading is that learning is ongoing, and if it is not yielding positive results, it is better to stop trading for the moment and investigate what is not working for you.

[MissNonFall9]

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. 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, will have no income of her own, and everything will have to depend on him. His family has almost given up on him. He lives alone with our grandmother. If I leave him too, he might completely collapse—that fear is what’s stopping me from making a decision.

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.

Trading is a psychological thing. And in the current situation that you are talking about, your uncle is under a lot of mental stress and debt. He cannot take any right decision now, at least regarding trading. And doing a very high-risk job like trading at this moment is worse than pouring butter on a burning fire. And if he is addicted to drugs, then there is no question, he cannot be allowed to trade in any way. So I think it is very important to ensure a stable life for your uncle now if necessary, it is important to take him to a rehab center. After that we can think about a fixed income for him.

[Alpha Marine]

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.

I agree with everything you said, except the bold part. Deliverance from what exactly? There is nothing spiritual about this. All he needs is to realise that he has a problem and go see a therapist who can help him get his life back. No amount of prayer or deliverance will take him out of where he is if he doesn't want to, or if he doesn't wake up to realise and accept that he has a problem. There is nothing spiritual about this.

Addiction is a disease. And like most diseases, it has a treatment, but also, like most diseases, you have to first be diagnosed with the disease before you can know what to treat. Nobody can help him if he doesn't first accept that he has a problem. Something cannot be fix if you don't see a problem with it.

[SirLancelot]

There will always be people who are addicted to something and as long as they are not really getting against it, then you have nothing you can do about it and have to face the fact that it's the reality you live in. Sure you may want to help, but if they want to be helped that is going to work, if they are not asking for help, they will hide it and still do it. Gambling addicts are the same, they just hide it better next time they do it and you will always end up thinking they are better, until it all comes out.

No addiction in this world is good for not bothering it. Even slightly getting addicted is most common everywhere, when you go deeper, you must wake and intervene. Only when you start bothering against it, you can become normal otherwise you will become addicted severely.

[Leahized]

Yeah, there are different ways in which addiction affect one, such as Financial problems, which can be so draining and makes one to lose control, leading them into devastated mood or into depression, which can be a threat to their mental health.
That is its important for one to have awareness and practice self discipline, which are the keys or tools that can help or support them to achieve their purpose, because without proper awareness, one can easily make mistakes or might do things in the wrong way, which will also makes them or ruin their plans.

Addiction to trading can be dangerous. But does a trader really become addicted to trading? Yes maybe but the number is very less. Many people compare trade addiction to gambling. Here I have some disagreement because trading requires a lot of knowledge and a lot of time. On the other hand, gambling does not require much knowledge and does not require skill. Moreover, even if a trader makes a loss to trade, he can be an investor. If he selects good coin, for trading. If any person can exercise discipline and self-control, Then he will never be addicted. But it is very difficult to control ourselves during times of excitement.

[Achalugo BTC]

Addiction to trading can be dangerous. But does a trader really become addicted to trading? Yes maybe but the number is very less. Many people compare trade addiction to gambling. Here I have some disagreement because trading requires a lot of knowledge and a lot of time. On the other hand, gambling does not require much knowledge and does not require skill. Moreover, even if a trader makes a loss to trade, he can be an investor. If he selects good coin, for trading. If any person can exercise discipline and self-control, Then he will never be addicted. But it is very difficult to control ourselves during times of excitement.

You are very correct, trading is not like gambling which is based on luck and chance but based on skill and knowledge, which is why its important to acquire it before one starts to trade.
And having this knowledge and understanding will help to know the importance and the right thing to do, in order to have a successful trade and discipline is one of them, as it prevent one not to make decisions out of emotions and to be more profitable.

[Razmirraz]

After reading all the topics you wrote, I am very concerned about the difficult situation you are facing. It seems that your uncle has fallen too far into the trading addiction zone which makes it difficult for him to think clearly and make good decisions.

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

You are not wrong at all, trading is not a stable job and can cause huge losses if not done properly. It is very important to take action to stop your uncle before he gets caught in a worse situation because all this time his activities have shown signs of addiction, especially since he has suffered huge losses.

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

You're not asking for anything unreasonable. I fully understand and appreciate your good intentions in wanting your uncle to have a stable and prosperous life. This is perfectly reasonable, as you want him to change his life direction to have a stable income and not rely on trading, which has caused him significant losses.

Continue to support your uncle by encouraging him to do something positive so that he realizes that all this time his actions have been problematic and he needs help. If he still persists in his actions without paying attention to your advice, then you should keep your distance from him, this action does not mean that you no longer care about him, but to protect you from an unhealthy situation.

[Bitcoin_people]

People must first control their emotions and themselves, it is necessary to pay attention to these things. Basically, in my opinion, those who get addicted to trading are the ones who get into trading very quickly without understanding it and they check their funds one after another. Moreover, those who become addicted to trading feel a lot of discomfort if they do not trade, and they cannot control their emotions if they lose. In most cases, people plan to earn a lot of money by trading in a short time, which basically arouses their greed, as a result of which they gradually turn into addiction. Therefore, to get rid of addiction, you need to make yourself experienced before trading and control yourself. Maintaining a sense of self-respect and discipline is the most important thing.

[blockman]

→ You did the right advise of telling him to quit trading because he's just using it as a mask to his drug addiction.
→ It's a serious red flag for them because there are people who are concerned for them. What you're asking is a reasonable thing and that shows them some love but they won't understand it now. Because the sensation of addiction is on them but soon, they'll thank you for your efforts.