Do People Get Addicted To Trading Just Like Gambling?

[_act_]

How did people get addicted to gambling.
1. The first win they had.

You made very good points, but I do not think this is among the reason anyone can become addicted to gambling. If 100 people gamble, 20 among them may likely later be addicted to gambling, but among them are some people that first lost money while gambling. Some people among the 100 people first won, but later they saw that they are only losing and they reduce the amount of money they are using to gamble. The main reason people get addicted to something related to money is because they think they can make money from the the thing.

[SuperBitMan]

How did people get addicted to gambling.
1. The first win they had.

You made very good points, but I do not think this is among the reason anyone can become addicted to gambling. If 100 people gamble, 20 among them may likely later be addicted to gambling, but among them are some people that first lost money while gambling. Some people among the 100 people first won, but later they saw that they are only losing and they reduce the amount of money they are using to gamble.

The reason why I included it is because when you start gambling newly and the first bet you played you won believe me you will be eager to play more and when you play more and then starts losing you will also want to recover all that you have lost and that is how you get addicted to gambling, it is not everyone that will start losing and stop gambling immediately, majority will always try to win back all the money they have lost.

For me addiction process starts the moment you start winning but to some people it’s the moment you start losing.

The main reason people get addicted to something related to money is because they think they can make money from the the thing.

Yeah that’s true.

[knuckey]

Snip.

Do you agree with me that people can get addicted to trading just like gambling or You don't agree?
Share Your own opinions and thoughts.

Yes, I agree, trading and gambling are three of the same things that play a role in money, profit, and loss. Trading addiction is actually experienced by many people, but they deny it, looking at charts all the time, watching the news, and anything closely related to trading. True traders don't do all of that all the time; they just watch, analyze, and take positions. After that, they will move on to other activities. The goal is to avoid always opening new positions. Continuous viewing encourages us to always open positions.

[GbitG]

Hmmm, this has already been discussed so many time......

But still I will share my taught regarding through this topic.....
Every time people got addicted to those which can be utilize in easy way like in gambling you will nothing to do. Just luck will decided your results and that's why ppl just got stuck with gambling. On the hand trading is different it's need proper analysis and here beginner came up on same view as gambling like "I will took trade or it will give me profit or blah blah blah...

But they end up in lose because it's trading. It doesn't need obsession like only right analysis will help you to give you the profit. Professional trader never trade in every single candle they wait for right setup and simply that's the reason which make them different form gambler.

[Makus]

Do you agree with me that people can get addicted to trading just like gambling or You don't agree?
Share Your own opinions and thoughts.

I don't think that there's such thing as a trading addiction and the reason why I'm saying that Is because a lot of people assume that being consistent in trading is the same thing as getting addicted but the mentality of a gambler and a trader are different. Traders that understand what they are doing follow principles and a plan unlike gamblers that are only focused on making quick profits or becoming rich from it overnight.

Anything in excess is bad. Whether it's trading or gambling, if you can't control yourself, there's a chance you could become addicted. That's why self-control exists. When you have self-control, you'll know your limits and understand when it's time to stop when needed. Whether you're at a loss or in profit, you'll just stop and won't continue messing up what you've already set up.

When we talk about excessive trading the context of it is actually overtrading or re-trading, this is what's known as going overboard as a trader without any self control.

[Chinesebaby]

Do you agree with me that people can get addicted to trading just like gambling or You don't agree?
Share Your own opinions and thoughts.

I strongly doubt that people get addicted to trading just like gambling. Because if you are to investigate properly, you will notice that the total population of the number of people who trade is not up to 0.1% of the total number of people who gamble globally. Due to the fact that trading is unlike gambling, whose outcome is as a result is a product of random algorithm. But rather, a product of you having solid knowledge over the asset you or the commodity you intend to trade.