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.

[henmark]

There are not just one but many surveys and statistics show that over 90% to 95%, and in some cases even 97% of trader lose money

That shows that most of them are amateurs and even addict. But as you said, most of them will not admit it and will still claim to be trader. They believe that losses are an inevitable part of trading and allow themselves to repeat those losses without realizing that is exactly how an addict behaves.

So it can be true that trading is really like a gambling because despite of that small success rate, it was still famous as people still keeps on doing it. But in gambling, it is not only about hope of hitting a big win is what makes people to come back but also the entertainment factor of it. It is hard to imagine the same in trading though. We can only hope that they can apply that kind of perseverance outside and have a positive impact there.

We may be addict already if we keep doing the same thing over and over again but that increase our title at the same time from being an amateur to veteran. Anyone whichever rank they have but as long as they are involved in trading, then they are called as a trader. It is true though that losses are inevitable but we must try out best to not experience the same or more losses. It is addiction if let say we already made a profit but don't know how to stop and the profit just turned into a loss. But if we haven't experience a profit yet, then it is more of a 'skill-issue' and we may need more practice and knowledge in order to correct it.

[Asuspawer09]

It might be hard to say it, since we all put a huge effort on learning and trading, I cannot consider it as a addiction if it was something can is helping you on your income, unless what you are doing is already similar to gambling that is where it could come to the point where it is already going to be an addiction just like being addicted to gambling or other else.

If you don't have control over your emotions and you are just basing your trading on your emotions, thinking that you are going to win it back anyway, but in the end, you realize that reality just doesn't really work that way. There are a lot of traders that is really putting the hours and they are risking a huge lot of money on it, sometimes winning and huge amount but normally there are also some times of lossing some money, there are also some that is already making money, they are putting a huge lot of effort into it, and they are doing it already for a long time, unless this way some kind of vises, I dont think it is addiction if you are just doing it enough for the income, money etc. Those professional traders are earning good, but at some point it wasn't something like they don't have some kind of backup plan when they started.

[BitBakerr1]

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.

Yes being addicted to trading may be worst than being addicted to gambling because I believe traders always spend more money and they are always busy than gamblers so if a trader is addicted to trading it will be worse than person addicted to gambling.

Yes spending time in trading or gambling those not mean you are addicted to it, just like you said when you are giving trading or gambling more time that you don’t even care about anything anymore including all that you have mentioned, some people have lost there wife or husband because of trading or gambling addiction,  generally addiction is very dangerous.

[AakZaki]

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.

‎Are you making up stories or are you experiencing it yourself? I have been on this forum for years trading, no relationship between family and friends has been broken. Instead, I built happiness in it, which was initially only friends can now be like family.

When I get benefits as usual, I invite my family and friends even if it's just for a meal or coffee, so no relationship is ruined as you say.
And if my relationships with family and friends are destroyed, there's no way I'm still here, saying that you're just talking nonsense.

I don't have a job in a company, but trading is what has kept me going with my family until now.

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

Instead of reminding a trader, it's better to just take care of your life.
Or if you can't be a trader, at least you need to learn before doing it.

[Makus]

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.

I think the main thing that's too be avoided when it comes to trading is making poor decisions and not necessarily addiction because in trading I don't think there is such thing as addiction. For people that trade wrecklessly that's not really an addiction, it's indiscipline. The reason why I keep saying that there is no such thing as addiction when it comes to trading is because you need to be consistent if you plan to be a trader and this is what a lot of people mistake for addiction, if you have to trade often or regularly to be more experienced it's not an addiction.

[colinistheman]

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.

I think the main thing that's too be avoided when it comes to trading is making poor decisions and not necessarily addiction because in trading I don't think there is such thing as addiction. For people that trade wrecklessly that's not really an addiction, it's indiscipline. The reason why I keep saying that there is no such thing as addiction when it comes to trading is because you need to be consistent if you plan to be a trader and this is what a lot of people mistake for addiction, if you have to trade often or regularly to be more experienced it's not an addiction.

Addiction and consistency can be recognized through behavior, accompanying emotions, level of priority and outcome.
You cannot say that you are being persistent in becoming a skilled trader and trying to make money when you are continuously losing but still refuse to stop. You prioritize it, spend most of your day trading and ignore everything else in your life. Worse still, you dismiss advice of others and keep doing thing your own way even when the result do not improve.

It is an addiction, not perseverance or effort. Trading addiction is real.

[EarnOnVictor]

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.

I knew that trading is addictive, but I didn't know the extent until I watch by myself when celebrities and rich people saying they lost money in millions of dollars to trading. Oh boy...that's crazy!!! What are they looking for to have warranted that desperation when they are already rich?

Well, I urge all traders (beginners and experienced) to take it easy. Addiction could creep in at any time, which is why we should be vigilant psychologically and be disciplined above anything else.

[Finestream]

All forms of addiction are definitely destructive, whether its obvious or not. And even if you develop trading addiction, still its something that you have to worry about, because it will eat up your mind, your health and your whole well-being if you get uncontrollable with your urge to make an income from trading.

However, some could not be seeing it, like what OP have said because some traders think its normal to be more focused and determined when you are in trading, but trading addiction is real when you start to experience something that your mind and body cannot no longer control. Hence its best to just never take trading so personal and make it as your top priority compared to your main job. Trading is good and certainly profitable, as long as you know how to manage yourself and play the game well.