trading addiction.

[vs2014]

Trading addiction is treatable and the goal of recovery is not to avoid the market completely but to develop a balanced and healthy relationship with risk and emotions. It is just like gambling because people trade or gamble to get rich overnight. When someone is addicted they do not care about the market situation but their goal is to take trades. This type of addiction is more common during times like the coronavirus pandemic when people try to do things online while staying at home. This addiction causes a loss of control and a complete loss of mental health.

[Cgrexp]

Trading addiction is treatable and the goal of recovery is not to avoid the market completely but to develop a balanced and healthy relationship with risk and emotions. It is just like gambling because people trade or gamble to get rich overnight. When someone is addicted they do not care about the market situation but their goal is to take trades. This type of addiction is more common during times like the coronavirus pandemic when people try to do things online while staying at home. This addiction causes a loss of control and a complete loss of mental health.

Behavior, emotion, and perspective are the main causes of addiction. However, trading and gambling should never be seen together. Trading and gambling may be similar based on the perspective of the individual, but in reality, trading is never similar to gambling in itself. In gambling, due to the results, analysis, and decisions based on luck, a person can lose control, due to which he makes emotional decisions instead of planning and analysis, which becomes like gambling. In order to recover from addiction to trading, one should stay away from the market and develop a healthy relationship with one's own financial situation, risk, and mentality. The characteristics of trading for smart people are patience and discipline. And the characteristics of trading for addicted people are emotionality and lack of control.

[Oshio-man]

You think they don't know is the way to be addicted to trading? They know just that they don't know what to do not to fall into addition in bitcoin trading because they have lost huge amount of funds they want to recover, don't forget that anything you are trying to recover from bitcoin, it may cost you more lost in trading or it may cost you to recover all you have lost in the trading, I keep telling some traders that they can find solution to their addiction to bitcoin trading without looking for solution from scammers that will make them regret because social media is no longer safe for newbies traders to find a good mentors that will give them real orientation that will make them to quite trading addition.

[Findingnemo]

We had mobile addiction and then tech addiction, and now trading addiction?

I am not sure how we can identify that someone is addicted to trading. If they keep trading while losing but trading is not gambling and still one can learn from their past mistakes and make the changes to be profitable, and also it is not completely based on luck.

But the rational thing to do when someone keep losing in trading is stop doing it and starts being a HODLer.

[nara1892]

Any form of addiction is always dangerous, regardless of whether it's trading or gambling. Honestly, I can't say that trading addiction is significantly worse than gambling addiction, as both are high-risk activities. The severity of the addiction, in my opinion, depends more on how severely the person treats the activity.
Trading addiction is indeed dangerous, especially if the trader hasn't learned anything in the long run, even though they can learn from experience to minimize risk and increase potential profits.

[Nalain420]

Everything has the potential to be addictive. It is not just drug or alcohol that can be addictive, social media, game, and trading can also be addictive. I even believe that things related to money, like gambling and trading, are more addictive than alcohol and cigarettes.

The thing you like or the thing that you use the most also becomes an addiction, just like we cannot work hard at work without breakfast in the morning and remain lazy. Therefore, what we do in business or online becomes an addiction due to interest in it. Those who know Bitcoin and its benefits invest more because of taking advantage of it and think about it all the time. If you are always engrossed in it, then it is an addiction. If you do something else besides work, then it is not an addiction. Rather, addiction is that in which your mind is not involved in anything else, so those who understand Bitcoin all the time and live in it, they live in addiction.

Trading addiction is real and it is actually worse than gambling. Because people think they are working hard analyzing charts but they are just hooked to the screen that's why discipline is mandatory in trading. When we loss some capital in trade instead of accepting that it is part of trading we usually start revenge trading jumping back into the market without proper analysis and just guessing the direction and this is the time when it turns into addiction. Losing of complete patience and discipline. We are just thinking of covering that loss. A good trader knows when to close rhe screen and walk away with mental peace.

[ZAINmalik75]

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.

If you have no self-control and greed is the most dominant emotion you have, then anything you get into can become addictive, especially if there are finances involved, now whether it's gambling or trading, doesn't really matter. Those who get into trading knowing that they have enough knowledge and can actually make money from it but not by being greedy, they don't get addicted to it. Also, addiction is mostly caused when people try to make a lot of money in a short period, and if they actually experience something like that initially.

People who get addicted to gambling are mostly those who manage to win some money in the initial phase of their gambling. Similarly, those who get into trading and manage to make some money initially will start to think that they can keep doing that every single time, and they try to do that but lose money and then they start making impulsive decisions to recover their money, and over time, they get addicted.

[macson]

I believe that the reason why someone becomes like this is because they are unable to control their emotional impulses towards the losses they face. They constantly think about recovering their previous losses in the hope of recovering and achieving greater profits. This causes them to become addicted to trading because they continue to try not based on their knowledge and experience, but on their emotional impulses, which makes their trading more likely to be disastrous for them.

It all depends on a person's mental and emotional state. If they were more disciplined and knew when to stop, they would not fall into trading addiction.

[Hamza2424]

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.

I have never seen a person destroy their relationships like a gambler unless you start trading and allow your friends or family to follow you and you make a huge loss and they do as well. Now maybe they will hate you for it, but they will not show it and will keep some grudges. We know everyone has a limit, and once their limit is reached, they will explode.

So if you do it again and again, they will keep those grudges. Eventually, they will stop following you and start talking badly about you, and you will start to make more profit. Then once you hit a good profit and they find out, they may explode, and at that point they might destroy the relationship with you. Not every time will they be the ones at fault, you can also be at fault.

Therefore, never allow your friends or family to copy your trades. Let them do their own thing and face their own results.

[free-bit.co.in]

We had mobile addiction and then tech addiction, and now trading addiction?

I am not sure how we can identify that someone is addicted to trading. If they keep trading while losing but trading is not gambling and still one can learn from their past mistakes and make the changes to be profitable, and also it is not completely based on luck.

But the rational thing to do when someone keep losing in trading is stop doing it and starts being a HODLer.

Addiction is a human behavioral problem, and most addictions share some common symptoms. Such as obsession, loss of control, and prioritizing the object of addiction over everything else in life. Therefore, anyone experiencing these symptoms persistently over a period of time may already be addicted, whether it is gambling, alcohol or trading.

By the way, trading is not gambling, but many people trade as if they were gambler. That is one of the reasons why most people end up losing more than they profit.

[OsaiEmma]

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.

Can someone really be addicted to trading? Yeah, absolutely, I almost did, I had to snap myself out of it. When I started newly, the thrill of being correct with ur analysis, the thrill of opening a trade, of making analysis, applying strategies, learning from ur mistakes, got me so hooked. I started when I was in school, and it made me abstain from some social activities, although, during that time, I was making significant losses, but I felt it was part of d journey.

Honestly, I feel trading is really fun and exciting, so d possibility of being addicted to it is there for sure. But I'm glad that phase passed, and I learned a lot during that time, and become somewhat a better trader than I was before.

[Jaweria parveen]

Trading addiction is real and it is actually worse than gambling. Because people think they are working hard analyzing charts but they are just hooked to the screen that's why discipline is mandatory in trading. When we loss some capital in trade instead of accepting that it is part of trading we usually start revenge trading jumping back into the market without proper analysis and just guessing the direction and this is the time when it turns into addiction. Losing of complete patience and discipline. We are just thinking of covering that loss. A good trader knows when to close rhe screen and walk away with mental peace.

This is what destroys the confidence and money of these people and also makes them mentally ill. We have often seen people who focus on the same thing even after losing and do the same thing again and again. It is the same in trading and the way they analyze and make the pattern of the charts, it happens only for some time, after which it is on the news. That is why they think that now we are ready to trade, although they are ready to increase their losses. Only a person who dedicates trading to a specific time can save him from this addiction and we have seen many people who think more in the morning market.

[fuguebtc]

Everything has the potential to be addictive. It is not just drug or alcohol that can be addictive, social media, game, and trading can also be addictive. I even believe that things related to money, like gambling and trading, are more addictive than alcohol and cigarettes.

The thing you like or the thing that you use the most also becomes an addiction, just like we cannot work hard at work without breakfast in the morning and remain lazy. Therefore, what we do in business or online becomes an addiction due to interest in it. Those who know Bitcoin and its benefits invest more because of taking advantage of it and think about it all the time. If you are always engrossed in it, then it is an addiction. If you do something else besides work, then it is not an addiction. Rather, addiction is that in which your mind is not involved in anything else, so those who understand Bitcoin all the time and live in it, they live in addiction.

Trading addiction is real and it is actually worse than gambling. Because people think they are working hard analyzing charts but they are just hooked to the screen that's why discipline is mandatory in trading. When we loss some capital in trade instead of accepting that it is part of trading we usually start revenge trading jumping back into the market without proper analysis and just guessing the direction and this is the time when it turns into addiction. Losing of complete patience and discipline. We are just thinking of covering that loss. A good trader knows when to close rhe screen and walk away with mental peace.

Trading is less addictive than gambling, but I also think that once you become addicted, it is even more dangerous and worse than gambling

Beyond coming back for revenge after every loss, trader also carry a dangerous mindset of allowing themselves to lose and treating it as part of trading. I mean, that is true for disciplined trader with tight risk management. But that would be a deadly trap for those addicted. Because they use that exact mindset to rationalize their losses and allow themselves to trade without limit.

[Powerjumboo]

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.

I believe that people get addicted to trading because when people trade on a trading platform and lose money, trade again and make money, people become addicted to trading at some point. People get addicted to trading just like gambling, especially when someone is chasing money to get back the money they lost and they mostly get addicted by trading one after another, but I agree with you that only very intelligent and talented people get addicted to trading because only intelligent and talented people trade.

I have been trading for quite some time and I have noticed that when I take a break, I remember trading again and again and I want to trade. When the market fluctuates a little, I feel a little more pressure on myself. I feel like I can take profits if I trade now. And I think this happens to people who trade.

[Findingnemo]

~
By the way, trading is not gambling, but many people trade as if they were gambler. That is one of the reasons why most people end up losing more than they profit.

People take blind decisions with altcoins and actually, there is not much of an option unless they have some insider information that is worth taking the risk. Apart from that they pick the coins based on hype or just by their instinct which is what people do in gambling too but if someone is trading bitcoin or existing altcoin against stable coin pair then they have data to do the technical analysis and plan their trades accordingly.

[puloweh555]

Trading addiction is treatable and the goal of recovery is not to avoid the market completely but to develop a balanced and healthy relationship with risk and emotions. It is just like gambling because people trade or gamble to get rich overnight. When someone is addicted they do not care about the market situation but their goal is to take trades. This type of addiction is more common during times like the coronavirus pandemic when people try to do things online while staying at home. This addiction causes a loss of control and a complete loss of mental health.

Trading addiction is similar to gambling addiction because it's associated with emotional incompetence and poor risk management. Both addictions also share similarities in how they are managed developing common sense, controlling emotions and managing risk. Expectations are also similar as the desire to get rich quickly is far stronger than learning and managing risk.

When addicted traders often fail to realize their addiction, neglecting analysis, leading to overtrading and chasing losses. Ultimately they fail to realize that their goal in trading isn't profit but trading. The effects of addiction are also similar severe financial problems, depression, damaged relationships with family and friends, and, in the worst case, suicidal thoughts.

[Royal Cap]

Actually the thing is, addiction doesn't come from being smart or less smart. Sometimes overconfidence becomes a big problem. Someone starts thinking that they understand the market, and that's where the wrong decisions start. Another thing is that spending a lot of time on trading doesn't mean addiction.  When someone is new to the market they naturally spend a lot of time looking at charts or analyzing. The problem starts when they lose their boundaries and continue to trade even after losing. To me this behavior seems to be the clearest sign of addiction.

[bitbollo]

I have seen many times people "trading" in a bus or in a metro (even taxi driver)
This is called gambling and with most of platforms (or products) you can achieve only this kind of activity - imagine just binary options that can expire in ... matter of minutes!
Are you have seen a "real trader" using a phone for an important trades? Well...

[Mpamaegbu]

‎some traders has ended up destroying their relationship with their friends and family because of trading addiction.

Every traders' friend know that their friend, the trader, hardly is emotionally present. The scalpers amongst them are the worst as they regularly stay glued to their charts and screen. I don't see anyone's inability to constantly be physically present at gatherings with friends to mean they're destroying their relationship with them. Nah!

‎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.

You can also include forum addiction. There are those who feel inadequate and deprived whenever they can't have access to this forum.

[yudi09]

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.

Anything involving large sums of money earned from a particular action tends to make people fantasize about all the things they’ll be able to do with it. The addiction to money is stronger than any other addiction. Money doesn’t change people; it simply reveals their true nature. If someone wasn’t arrogant at first, it’s because they didn’t have enough money to afford being arrogant, but once they have a lot of money, their true nature becomes apparent. Not everyone is like that.

Business has a good purpose, and all activities aimed at making money aren’t bad. What brings disaster isn’t the business itself or the money-making activities, but a lack of self-control. Everything will achieve its goal if done by putting things in their proper place.