trading addiction.

[Supreme Donvic]

trading starts to become addiction when your decision shifts from structured financial decision to something driven by compulsion, emotion and the need to get back all your losses.
‎some traders has ended up destroying their relationship with their friends and family because of trading addiction.
‎we really don't talk about trading addiction we focus more on gambling addiction but from what I have observed trading addiction is more dangerous than gambling addiction because it usually destroys very smart and intelligent persons.
‎why trading addiction is very dangerous is because you can be addicted and you won't even notice it because you may be thinking you are just putting in more work not knowing it's addiction.
‎
All traders pulse and reflect on your life you may be addicted already or about to, so you need to redirect your steps.

[Dr.Bitcoin_Strange]

In my opinion, addiction in trading is not that common, I could be wrong tho but I have not seen anyone caught up in that habits of trading addiction because the losses can even be worse than gambling addiction, if you gamble in trading, the only turning points of losses is if you stop, trading is not like gambling where you will lose and then luckily win again, you are going to lose in a confused way, I say confused because the market is going show you unrealized profit but while you might be rejoicing that you are in profit, you will get liquidated, and if you try to revenge, you will still lose more. Any smart person would not even want to get addicted trading unless they are already good at it.

[Frankolala]

In my opinion, addiction in trading is not that common, I could be wrong tho but I have not seen anyone caught up in that habits of trading addiction because the losses can even be worse than gambling addiction, if you gamble in trading, the only turning points of losses is if you stop, trading is not like gambling where you will lose and then luckily win again, you are going to lose in a confused way, I say confused because the market is going show you unrealized profit but while you might be rejoicing that you are in profit, you will get liquidated, and if you try to revenge, you will still lose more. Any smart person would not even want to get addicted trading unless they are already good at it.

I agree with you mate. Trading looks scary to those who have lost quite some money in trading and you will see them transiting from a trader to a long term investor but in gambling it's not the same because the hope of winning big and not letting go of your losses will always get  them hooked in gambling. I trade once in a while, but I gamble often

[Oshosondy]

I have posted about it some years ago, but some of you against it, that there is no trading addiction. But there was an old topic of mine that I always talked about which is about a rehab center saying some people are traders, that they are seeking for rehabilitation. It is good that other people are talking about it now. Trading addiction really exists.

[Donk1]

Well perhaps you aren't 100% right because unlike gambling, trading can be considered a source of income.and just like our everyday office works we have to stay consistent if we really want to thrive and earn profit.

​My point here is that if what you are saying is true, then you leaving the house everyday to go to work is also addiction. Basically when it comes to trading, we have different set of individuals with their perspectives, strategies, and so on .one thing I know is that those who get addicted to trading are probably the set of folks who treat the market like they are gambling with no technical analysis, no strategy, just straight up market predictions of up and down which is wrong......

​Overall a disciplined trader will never trade irrational or take any irrational decisions because they are fully aware of how the market works. The only downside of most traders is the confidence to execute their strategy instead of waiting for the right moment which would never come Well that's all for me though...........

[Hatchy]

All traders pulse and reflect on your life you may be addicted already or about to, so you need to redirect your steps.

Addiction is addition it doesn't change even when it comes to trading. When someone is addicted, they become controlled by their lust for that activity. It's impossible to stop and every time they see something that remembers them of it, they just want to do it again. Trading is one of the most lucreative activities out there. It's risky but when you become good at trading, it becomes entertaining. That doesn't necessarily mean you will always win, it means you no longer get upset with how bad your trades  or how good they turn out. Addiction is when you are trading without a plan. You enter the market and feed your thoughts on the next millions you desire to make. We call that unrealistic profits. The worse thing you can do as a trader is selling off your property to fund your trading career. It's not wrong, but trading doesn't guarantee you anything. You can lose it all with just one click..

[SuperBitMan]

I have posted about it some years ago, but some of you against it, that there is no trading addiction. But there was an old topic of mine that I always talked about which is about a rehab center saying some people are traders, that they are seeking for rehabilitation. It is good that other people are talking about it now. Trading addiction really exists.

Yes trading addiction actually exist and is even worse than gambling addiction because the lost is usually more bigger.
Back then when I was in the university my roommate was a trader and he became so addicted to trading that he stopped going to class and it got to a point he even wanted to leave school because according to him school is distracting him from trading.
I also had a friend who was so addicted to gambling back then too but comparing him to my roommate who was addicted to trading my roommate was worse, he waste more more, and has no time for anyone or anything always focusing on studying the market but my friend who was addicted to gambling back then was having time for other things and even his lectures so trading addiction is worse and very dangerous and should be avoided.

[Rruchi man]

‎why trading addiction is very dangerous is because you can be addicted and you won't even notice it because you may be thinking you are just putting in more work not knowing it's addiction.

I quite agree with you because it is hard to differentiate between putting in more work and addiction.

But this raises the question: can someone successfully put in more work to become successful in trading and not get addicted? Because success in some fields requires some high level of obsession, and it is very easy for obsession to become addiction.

[joniboini]

trading starts to become addiction when your decision shifts from structured financial decision to something driven by compulsion, emotion and the need to get back all your losses.

That sounds like gambling to be honest. I guess some people can develop that trigger if their trading is always about betting on higher return, but I've never heard someone getting itchy or something similar because they haven't traded for days. One could argue it's similar to how rich people keep trying to grow their capital and chase infinite growth I suppose.

Anyway, I guess what we need is practical indicators to identify one. Saying you could develop an addiction if your goal is to recover your loss is a bit vague since every traders' goal is about making profit to begin with.

[passwordnow]

‎why trading addiction is very dangerous is because you can be addicted and you won't even notice it because you may be thinking you are just putting in more work not knowing it's addiction.

IMHO. Anything that's addictive is dangerous. Let's all have that meet in the middle that anything that's very addictive will make someone in pain and misery. Even that trader is profitable, I think it will come to an extent that it can be harmful when it's not being balanced and neutral. We have to be in that part where we can be profitable but at the same time become balance. I know people would say that if you want to be the best, you need to be committed and near point of being addicted to it. There can be a boundary to that and we have to set that for ourselves to protect our sanity even it means being so massively addicted to trading in good side.

[AVE5]

trading starts to become addiction when your decision shifts from structured financial decision to something driven by compulsion, emotion and the need to get back all your losses.

But I'm still wondering if there's truly addiction in trading except for consistency which we also believes that in trading especially for beginners who haven't gained much experiences to understand the market but have to explore in the long time through regular trading.
Although coming to think of it the other way, I see that chasing lost and the excitement of winning can trigger the addiction just as it's in gambling and there'll be no other excuses why a trader will be addicted because the reason of trading for fun won't be applicable as it's in gambling.

[Yorubek]

All traders pulse and reflect on your life you may be addicted already or about to, so you need to redirect your steps.

Addiction is addition it doesn't change even when it comes to trading. When someone is addicted, they become controlled by their lust for that activity. It's impossible to stop and every time they see something that remembers them of it, they just want to do it again. Trading is one of the most lucreative activities out there. It's risky but when you become good at trading, it becomes entertaining. That doesn't necessarily mean you will always win, it means you no longer get upset with how bad your trades  or how good they turn out. Addiction is when you are trading without a plan. You enter the market and feed your thoughts on the next millions you desire to make. We call that unrealistic profits. The worse thing you can do as a trader is selling off your property to fund your trading career. It's not wrong, but trading doesn't guarantee you anything. You can lose it all with just one click..

Yes, addiction is truly a very bad thing that can completely destroy a person's life no matter what form it takes. If we understand the volatility of the market and use the right strategy and stay in the market at the right time with patience and can control greed or emotions and exit the market at the right time, then our chances of losing money will be less and we will have self-control over ourselves. When we start trading only thinking about quick profits and getting rich quickly without having a proper understanding of the market, the chances of losing money will increase and we will not be able to limit ourselves, the amount of money lost will increase day by day and gradually we may fall prey to addiction. It is true that achieving success in trading is not easy, it is very difficult there is a lot of chance of losing money through trading, so it is very important to be aware with the right knowledge.

[boyptc]

But I'm still wondering if there's truly addiction in trading except for consistency which we also believes that in trading especially for beginners who haven't gained much experiences to understand the market but have to explore in the long time through regular trading.
Although coming to think of it the other way, I see that chasing lost and the excitement of winning can trigger the addiction just as it's in gambling and there'll be no other excuses why a trader will be addicted because the reason of trading for fun won't be applicable as it's in gambling.

There is and when a person considers that you've been doing too much, they give that a meaning of addiction. A topic about being addicted to Bitcoin is fine.

And now there's the topic about trading addiction. I think only becomes bad when you're also a bad trader.

But everyone will give an exception if a trader is so profitable that his addiction is turning itself into a fortune.

[mirakal]

Yes, trading addiction may be real but I guess it's rare to happen, unlike in gambling where every person who's mostly attached to it will mostly develop gambling addiction.

But with trading, its hard to detect it at first because what we see is more of market enthusiasm and financial strategy, and when the trader turns into a compulsive trader, where he often chase losses, displays mood swings and start to neglect his personal responsibilities, that's the only time we can tell that he's not just trading, but he's going through trading addiction.

[Alphakilo]

Yes, trading addiction may be real but I guess it's rare to happen, unlike in gambling where every person who's mostly attached to it will mostly develop gambling addiction.

But with trading, its hard to detect it at first because what we see is more of market enthusiasm and financial strategy, and when the trader turns into a compulsive trader, where he often chase losses, displays mood swings and start to neglect his personal responsibilities, that's the only time we can tell that he's not just trading, but he's going through trading addiction.

Trading addiction may often feel like working too hard or a profession when it begins to manifest and that's also when ones wealth, relationships have started to become affected by it.
To avoid this kind of scenario is to learn to break the dopamine loop and it may entail taking rash decision on taking a break from it for a while, using platform restrictions and always remembering that your network worth is not entirely a reflection of how valuable you are as a human being.

[SuperBitMan]

‎why trading addiction is very dangerous is because you can be addicted and you won't even notice it because you may be thinking you are just putting in more work not knowing it's addiction.

But this raises the question: can someone successfully put in more work to become successful in trading and not get addicted? Because success in some fields requires some high level of obsession, and it is very easy for obsession to become addiction.

YES someone can become a successful trader without being addicted, all you just need to do is to set boundaries and have self control.
Yeah you are right to succeed in some field it requires high level of obsession but there is a difference between healthy obsession (discipline) and addiction.

Now when it comes to healthy obsession (discipline): you study chart base on a well balanced schedule, you apply risk management, you stop trading and rest when you wish to, you accept losses as part of the journey or business and lastly you don’t let trading affect your relationship and mood.

Now when you are addicted to trading: you study chart without schedule you are just doing it every minute, you don’t apply risk management you just want to make huge profit, you don’t accept losses you do everything possible to win back all your losses and lastly you allow trading affect your mood, your work, your sleep and your relationship with your friends and family.

So you can actually be a successful trader that is obsessed or should I say disciplined without being addicted.

[SamReomo]

‎why trading addiction is very dangerous is because you can be addicted and you won't even notice it because you may be thinking you are just putting in more work not knowing it's addiction.
‎

There's noting like trading addiction, those who lose again and again are not addicts but the ones with poor and weak strategy and who don't really understand trading at all.

Although, everything in this world can be reason of addiction and some people say that traders who consistently lose but still trade are actually addicts not the ones who don't give up.

But, I believe the ones who lose again and again are just people who can't control their emotions during trading and they're not good at technical and fundamental analysis.

If such people start focusing on learning basic rules of trading then they'll also start making profits from trading instead of losing any money in it.

[PX-Z]

I guess, i could say it's more beneficial if someone becomes too focused on trading compared to gambling, although i rarely hear about "trading addiction" being talked about much in the news. Still, i'm sure it does exist to some extent.

At least with trading, you're developing a skill that can actually be useful and something you can be proud of, especially if you're consistently making profits, even if it's not always guaranteed. Compared to gambling addiction, it definitely sounds like the better side to be on.

[Botnake]

All forms of addiction are dangerous, so its not limited only to gambling or trading addiction.

But is trading addiction real? Because when we say addiction, it comes with negative outcomes. And for those traders who never stop making market analysis and place reliable trading position, they don't do it because of their dopamine rush, but they do it because they want to profit from their trades, and through consistent trading and skills development, that makes them more capable and reliable to trade in the market.

[BitMaxz]

Well, I've been addicted to trading for 2 years, but the eagerness to keep watching the market has already reduced compared to before. I don't know what you mean by "dangerous," but the only danger I could sense when trading is if you trade mistakes with no stop-loss and do some bad habits like overtrading and thinking about chasing your losses. That's a bad habit that needs immediate action because that's totally a gamble because you are not analyzing the market. Usually this kind of habit, chasing losses and overtrading, can wreck your account; no SL and no analysis is a pretty bad habit, and it can make it worse if you are an addicted trader that doesn't review every mistake you made.

If you are following strict rules and risk management, even if you are addicted, it shouldn't be dangerous unless you are using your whole life saving as your capital; that's honestly dangerous while you are in the middle of studying the market.
Not all people who are experts at analyzing the market can be profitable; there are also experts who end up losing some trades, but they are following rules and risk management to keep their capital protected from unexpected market changes.

Another danger is that if you are a new trader and immediately use a large capital because you believe you know how to analyze and follow most traders on YouTube, you will lose all of your money because you lack knowledge of risk management and that's also a gamble.