Addiction to trading, Self exclusion possible?

[GIF-JOBS]

Almost the same thing, the effects, the mechanics and how we look at it they're almost identical but they're completely two different things and worlds.

We can treat both differently. But there are many traders or gamblers who do both in almost the same way. This makes what happens in gambling very likely to happen in trading.
The more traders start to become addicted to trading, perhaps exchanges should consider including self-exclusion features. It doesn't mean trading is the same as gambling, but as an effort to protect traders from losing everything they have.

Trading addiction is a highly complex issue. As long as there are funds in their account, a trader will continue to trade often until they have lost everything only to then seek ways to deposit new funds. Trading exchanges offer no mechanisms to help a trader overcome this addiction; on the contrary, they often benefit when traders incur further losses. Consequently, traders must take personal responsibility for developing self-control and implementing measures to prevent the onset of such an addiction.

The most dangerous aspect of trading addiction is when the lost money becomes a challenge to recover. When a trader faces a loss, in many cases, instead of analyzing his mistakes and stopping, he decides to trade more. It may be possible to recover the previous loss in the next trade. In this way, the problem that started from a single loss gradually turns into a mentality of recovering the loss. Which can push him towards greater risks.
One of the most important things in trading is to be aware of your limitations. There is a possibility of losing a large amount of money in a short time in leverage and high-risk trading. Many people overestimate their skills during profits. And instead of reducing risks during losses, they enter the market with more capital.

Therefore, every trader needs to have some strict rules for himself. Set limits in advance, do not take new trades in a hurry or trade with daily needs money. And temporarily stop trading if the loss exceeds a certain limit. If someone feels that they are losing control, it is important to take a break from trading, rather than relying solely on self-control. Trading is not a mandatory activity and it is not necessary to trade in every market situation. Sometimes, staying away from trading can be the best decision.

[Big Dirams]

Almost the same thing, the effects, the mechanics and how we look at it they're almost identical but they're completely two different things and worlds.

We can treat both differently. But there are many traders or gamblers who do both in almost the same way. This makes what happens in gambling very likely to happen in trading.
The more traders start to become addicted to trading, perhaps exchanges should consider including self-exclusion features. It doesn't mean trading is the same as gambling, but as an effort to protect traders from losing everything they have.

Trading addiction is a highly complex issue. As long as there are funds in their account, a trader will continue to trade often until they have lost everything only to then seek ways to deposit new funds. Trading exchanges offer no mechanisms to help a trader overcome this addiction; on the contrary, they often benefit when traders incur further losses. Consequently, traders must take personal responsibility for developing self-control and implementing measures to prevent the onset of such an addiction.

Many traders don’t know how to manage their funds while trading, they don’t always thought of accepting that there are more opportunities in the future and not just waste all our money on some entries. Some traders lack the control of their emotions and allow trading addiction mess with them, they do think the more they keep trading consistently the more they can make profits even after losses and that not the case in trading, after some losses we should take a break and take a hike then after figuring the issue we find the solution and fix it.

It always benefits exchanges when traders loses and they don’t try to apply restrictions or help the trader to avoid all this losses even after so many loses. Maybe applying some features to help the trader reduce their losses or anything helpful, they are just after their gains and nothing more.

[Pressurizedem]

It is better and important to self exclude yourself from trading when it is the best to do if you find yourself fighting to be liberated from the spirit of trading. So many persons are passing through same circle, and only deliverance will set them free. It is funny using the word deliverance in this kind of setting, but that is what is paramount if you need your sanity back.  So many persons will be able to relate to this if they've been in that kind of position before.

Trading is good, but when you are no longer good or when it's no longer favours you, the right thing to do is to self exclude, and move on. Whatever thing that you do that affects you in certain way or cause you to lose your money every day will somehow cause you to fail in life. Getting rid of it is the only way you can set yourself free.

[laijsica]

It is better and important to self exclude yourself from trading when it is the best to do if you find yourself fighting to be liberated from the spirit of trading. So many persons are passing through same circle, and only deliverance will set them free. It is funny using the word deliverance in this kind of setting, but that is what is paramount if you need your sanity back.  So many persons will be able to relate to this if they've been in that kind of position before.

Trading is good, but when you are no longer good or when it's no longer favours you, the right thing to do is to self exclude, and move on. Whatever thing that you do that affects you in certain way or cause you to lose your money every day will somehow cause you to fail in life. Getting rid of it is the only way you can set yourself free.

There are many traders who lose money from trading but many do not think about being free because they have the mindset of getting rich and think of trading as the only way. But is this really right but it can be right if they do not choose only short-term projects. There is a lot of hype in the market and the way to avoid it is to analyze the goals and choose reliable sources. I would recommend that you participate in long term Bitcoin investment at the beginning and gain knowledge about the market. Use such the amount of funds with emphasis on fund management and be prepared for any situation because sometimes the market will fall.

I am not underestimating trading I am just talking about the possibility of long term Bitcoin investment being relatively much more reliable and achieving expected profits.

So learn long term investment at the beginning, practice patience gain experience hold Bitcoin.

[B2Z]

If a trader has excessive interest in futures trading and if he cannot control himself in any way, then it will act like gambling. Futures trading and spot trading are two completely different things. In spot trading, the risk level is usually very low and even if you buy at the wrong time, there is no possibility of losing money, but in the case of futures trading, the matter is completely different. In futures trading, the risk level can usually be adjusted based on the profit. Now if a trader thinks that he will try to make 10x or 20x profit of his total money, then his risk level will increase by this amount.
Now if someone gets addicted to this type of trading, then it can be directly compared to the addiction to gambling.