trading addiction.

[terrific]

It is better to be consistent in long-term investments because when you keep buying, your Bitcoin holding will increase. Once you realize that long-term investment is more convenient than trading, such preparation will put you in a better position financially.

Many will realize that soon.
But right now, they won't because they think that they're in the peak of their trading.
The time will surely come to them that they'll think it's better to do long term investing than trading.
Although each of us has their own preference and favor of which works for us better. They can also do at the same time if they want.
Yet, do invest more.

[Redudletech]

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.

This is one of the most underrated conversations in trading.

The dangerous thing about trading addiction is that it often disguises itself as dedication. The trader thinks they're being disciplined, studying harder, or refusing to quit, when in reality they're chasing losses, neglecting relationships, and tying their self-worth to their P&L.

A good question every trader should ask themselves is

If I couldn't place a trade for the next 30 days, would I feel relieved or anxious?

The answer says a lot.

The goal of trading isn't to be in the market every day. The goal is to build a better life. The moment trading starts taking more from your life than it's adding, it's time to reassess.

Protect your capital, but protect your peace even more.

[Olatundespo]

It is better to be consistent in long-term investments because when you keep buying, your Bitcoin holding will increase. Once you realize that long-term investment is more convenient than trading, such preparation will put you in a better position financially.

Many will realize that soon.
But right now, they won't because they think that they're in the peak of their trading.
The time will surely come to them that they'll think it's better to do long term investing than trading.
Although each of us has their own preference and favor of which works for us better. They can also do at the same time if they want.
Yet, do invest more.

Most traders do that. Initially, they start their activities on the trading platform with the aim of making a profit. Through observing and analyzing the market situation, they learn to understand that long-term investment is best. Maybe some understand very early and some learn to understand late. But I think almost everyone is attracted to long term investment compared to risky trading.

On an individual level some experienced traders can be successful because they do not focus only on short term trading, they spread their capital in the market for the long term and wait for opportunities and they trade with an amount of funds that they can afford to lose.

[shawonngp]

‎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 agree with you on this. Trading addiction is silent and difficult to notice. You may be making profit but at the same time be an addict without knowing. The moment you start worrying about your loses and getting it back becomes your motive, you're not longer trading, you're just tossing your emotions.
‎

Basically, gambling addiction and trading addiction share many similar signs. Examples include losing control of one's behavior, spending too much time and money on it, and neglecting work or personal health. Therefore, identifying addicts is not too difficult.

But the problem is that addicts rarely ever admit they are addicted. Only people on the outside can see the problem clearly, while the addicts often try to justify their behavior or believe that everything is still under control.

But gambling addiction is much more dangerous than trading addiction, spending more time does not mean addiction, if you spend a small amount, like I am used to budget limit gambling, so I keep a maximum budget of 100$ for 1 month, that is what I spend in 1 month, never cross its limit, so I think spending more time is not a problem, just not spending more money. Trading addiction isn't like that, gambling addiction, where you have to gamble at night, which is a big risk for your health. Trading has many opportunities to recover losses, which are not possible in gambling. It is normal for a person with an addiction not to admit their addiction because they cannot identify their addiction.

[Achalugo BTC]

It is better to be consistent in long-term investments because when you keep buying, your Bitcoin holding will increase. Once you realize that long-term investment is more convenient than trading, such preparation will put you in a better position financially.

Many will realize that soon.
But right now, they won't because they think that they're in the peak of their trading.
The time will surely come to them that they'll think it's better to do long term investing than trading.
Although each of us has their own preference and favor of which works for us better. They can also do at the same time if they want.
Yet, do invest more.

So many traders only get to realize this when they’ve gone through several market cycles. It’s true that trading short term has the potentials for quick profits (even though they’re not actually guaranteed) but we can all agree that long term investing usually promises more stability, lower risks of losses and a much better way of wealth preservation over the long term. But of course every decision one takes, whether to invest or trade still comes down to discipline and sticking to what works best and align with their individual goals. I don’t see anything wrong with choosing to combine the too, but this move will require a very smart approach in order to make it in the long term.

[DanWalker]

But gambling addiction is much more dangerous than trading addiction, spending more time does not mean addiction, if you spend a small amount, like I am used to budget limit gambling, so I keep a maximum budget of 100$ for 1 month, that is what I spend in 1 month, never cross its limit, so I think spending more time is not a problem, just not spending more money. Trading addiction isn't like that, gambling addiction, where you have to gamble at night, which is a big risk for your health. Trading has many opportunities to recover losses, which are not possible in gambling. It is normal for a person with an addiction not to admit their addiction because they cannot identify their addiction.

The consequences will depend on the level of your addiction. If you become heavily addicted to trading, the consequences can sometimes be even worse than gambling addiction.

Of course, spending a lot of time gambling or trading doesnt necessarily mean you are addicted. But as I said, if it is accompanied by signs that you are neglecting your work, health, family and spending all your time on it. You are an addict.

[junder]

Given that trading also carries the risk of loss, it can turn out badly if it becomes an addiction. It’s not necessarily about being addicted, but someone suffering from FOMO will typically keep trading without considering the results they’re getting, and in my opinion, there’s a difference between addiction and those who are mostly able to make money from trading. Those who are addicted tend to trade recklessly without careful consideration or planning, whereas those who can analyze the market work to increase their chances of profit.

[Nrcewker]

I feel that a trading addiction is still better than a gambling addiction. If you are able to make good profits from trading, then I would say you should continue. However, if you are not making profits and are still trading by continuously burning cash, then you should stop and take a break.

It is better to take a temporary break and observe the market. I know addiction is very hard to overcome, but one should learn to control everything, whether it is gambling or trading. If done within limits, trading can be pursued full-time. Just don't allow the market to control you.