Do People Get Addicted To Trading Just Like Gambling?

[Odohu]

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.

Trading and gambling have a lot of things in common such as the risk of loosing massive money and the promise of getting rich within a short time. The later makes people ignore all cautions to chase the money and that is where they get addicted. So yes, people can get addicted to both trading just like they get to gambling.

[Yeesha]

People change their previous decisions due to their inability to accept losses, which results in huge losses. However, it is never possible to make a profit on every trade. Moreover, there is no example of a trader who does not lose money in trading, no matter how experienced he is.

Understanding when to stop is an important quality of a good trader. A person who follows his own limits can also avoid unnecessary losses. Also, it is necessary to get out of the mindset of immediately entering the trade again after every loss. Sometimes it is a good decision to take a break for some time and review your mistakes. Because protecting your wealth is more important than recovering temporary losses.

That's what trading is all about. But some people will never accept defeats. What some traders failed to understand is that losing in trading is never a defeat is a new opportunity for you to grow.

There’s no way a trader will never experience losses while trading no matter how experienced you are, unless you're not a gambler. You have to be extremely, at the same time appreciative and contented. As a trader, your main focus should be on how to secure your future, through securing what you have left, and not through recovering what has been lost.

[Ojima-ojo]

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.

Trading and gambling have a lot of things in common such as the risk of loosing massive money and the promise of getting rich within a short time. The later makes people ignore all cautions to chase the money and that is where they get addicted. So yes, people can get addicted to both trading just like they get to gambling.

Defining addiction in clear terms bring us to the understanding of the core principles of actions that could leed to addiction and what characteristics make you for addictive pronouncements on a person, trading comes with some pressure and this could make someone to chase a particular direction but in the end won't make any difference between which among gambling activities or trading activities is more addictive.


Is important for us to be aware of all of this things so as to stay ahead of them I mean managing all activities that comes along with that, let, addiction can easily step into anything you don't control it urge and tendencies.

[Rengga Jati]

Trading can be addictive, but that is not because it has lot in common with gambling. As a few member have already pointed out, just about anything can become addictive. It's not limited to gambling, and trading, or other money related activities.

Of course, addiction can happen in anything, it isn't only in gambling. I don't refuse the addiction in trading, I said it clearly. However, the addiction in gambling and trading aren't 100% the same. That's the point of my explanation before.

Someone who's addicted to trading isn't necessarily lacking understanding either. Even an expert can get hooked once they slowly lose control over their trading, feel the urge to open positions and chase that rush every time the market gets volatile...

If they understand it, they won't get addiction. People who spent a long time in trading, it doesn't always mean they are expert and understand enough trading. So, it is surely possible that they also can still get addiction in trading.

It's a self control problem, not just a matter of knowledge or experience.

Agree, it isn't only about knowledge and experience but it also can be about self-control (mentality).

[2Pizza410000BTC]

Because when a trader loses it trades when trading it creates a mindset of frustration in the traders mind that makes the trader to start chasing its losses by risking more funds to place more impulsive trades just to recover back it loss funds. This situation makes the trader to be so addicted to trade due to how desperate he is to trade back his lost money at all costs. And also since the trading market operates 24/7 with non stop and it never closes it makes traders to trade on a regular basises any time they want which results to placing frequent unplanned trade out of excitement because the trading market is always open and active anytime, any day they want to have access to it to trade which at the end will make them become so addictive to trading.
So I think trading can be addictive just like gambling.

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.

People earn money from trading and by earning money they create a good position for themselves. Maybe for someone who does not understand anything about trading, has no experience in trading, trading may seem very risky but for someone who understands trading, trading is not very risky. But comparing trading with gambling is completely different. For those who do not understand trading, it may be possible to compare it but not for everyone because professional traders are very experienced in trading and trading is never like gambling. So I could not agree with what you said here.

[Iranus]

People earn money from trading and by earning money they create a good position for themselves. Maybe for someone who does not understand anything about trading, has no experience in trading, trading may seem very risky but for someone who understands trading, trading is not very risky.

Knowledge and experience don't take the risk out of trading. They just help traders understand the risks and manage them better. That doesn't guarantee they'll always make money or avoid losses.

But comparing trading with gambling is completely different. For those who do not understand trading, it may be possible to compare it but not for everyone because professional traders are very experienced in trading and trading is never like gambling. So I could not agree with what you said here.

Even if trading and gambling are two different things, that doesn't mean trading can't be addictive. In some cases, trading addiction can be even worse than gambling addiction.

Professional traders can get hooked too, at any point. Being a pro with in depth knowledge doesn't make you immune to risk or addiction.

[WatChe]

That's what trading is all about. But some people will never accept defeats. What some traders failed to understand is that losing in trading is never a defeat is a new opportunity for you to grow.

There’s no way a trader will never experience losses while trading no matter how experienced you are, unless you're not a gambler. You have to be extremely, at the same time appreciative and contented. As a trader, your main focus should be on how to secure your future, through securing what you have left, and not through recovering what has been lost.

Loses are part of trading and as a trader we have to accept them. Accepting loss in trading means never do more trading just to cover the loss rather do some analysis that why we faced the loss. This analysis helps us in refining our trading strategies, which in turn helps a trader to grow in future. One can’t become a successful trader if he doesn’t know how to handle loses in trading because it’s a wild fire which even experienced traders find it difficult to handle. You pointed out right that we need to focus on safety of money which is left behind. 

[Showlove01]

Loses are part of trading and as a trader we have to accept them. Accepting loss in trading means never do more trading just to cover the loss rather do some analysis that why we faced the loss. This analysis helps us in refining our trading strategies, which in turn helps a trader to grow in future. One can’t become a successful trader if he doesn’t know how to handle loses in trading because it’s a wild fire which even experienced traders find it difficult to handle. You pointed out right that we need to focus on safety of money which is left behind. 

You have just mentioned something some traders don't know or understand, loss is part of the game in trading and so it should not overcloud someone when they make loss but rather they should learn from the mistake that led to the loss that's how to improve in trading. The losses are not actually bad because they shape people who are ready and determined to learn because without mistake you can not be good and while we learn from our mistake we should also learn to repeat the ones that we got right.

[nara1892]

That's what trading is all about. But some people will never accept defeats. What some traders failed to understand is that losing in trading is never a defeat is a new opportunity for you to grow.

There’s no way a trader will never experience losses while trading no matter how experienced you are, unless you're not a gambler. You have to be extremely, at the same time appreciative and contented. As a trader, your main focus should be on how to secure your future, through securing what you have left, and not through recovering what has been lost.

Loses are part of trading and as a trader we have to accept them. Accepting loss in trading means never do more trading just to cover the loss rather do some analysis that why we faced the loss. This analysis helps us in refining our trading strategies, which in turn helps a trader to grow in future. One can’t become a successful trader if he doesn’t know how to handle loses in trading because it’s a wild fire which even experienced traders find it difficult to handle. You pointed out right that we need to focus on safety of money which is left behind. 

Clearly, evaluation is always the best way to maximize results and minimize risk all progress begins with learning from experience, and I believe one reason why traders actually increase their leverage or the number of trades they make is because they get carried away by their emotions and want to recoup their losses as quickly as possible, when in fact the problem lies not in how many trades are opened or how much risk is taken, but in how effectively they approach the market and manage their portfolio.

[Dareo]

People earn money from trading and by earning money they create a good position for themselves. Maybe for someone who does not understand anything about trading, has no experience in trading, trading may seem very risky but for someone who understands trading, trading is not very risky. But comparing trading with gambling is completely different. For those who do not understand trading, it may be possible to compare it but not for everyone because professional traders are very experienced in trading and trading is never like gambling. So I could not agree with what you said here.

While trading and gambling are certainly not the same, the fact that traders base their decision making process on analysis and planning distinguishes trading from gambling. Also there is a risk and unpredictability involved in trading despite all the experience one may have. The issue appears when people feel too confident about their abilities and begin to take risks. Hence, while one cannot refer to trading as gambling, an experienced trader may still become a gambler through his trades.

[Jasmyne]

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.

Trading and gambling have a lot of things in common such as the risk of loosing massive money and the promise of getting rich within a short time. The later makes people ignore all cautions to chase the money and that is where they get addicted. So yes, people can get addicted to both trading just like they get to gambling.

Traders with no knowledge are often referred to as gamblers because they are the ones who keep trading when they are losing just because they think they can recover all they have lost in one trade. Yes they often get addicted because they try to win at all cost when the winning is not happening there is no difference between them and addicted gamblers since they have one character in common.

[Proty]

That's what trading is all about. But some people will never accept defeats. What some traders failed to understand is that losing in trading is never a defeat is a new opportunity for you to grow.

There’s no way a trader will never experience losses while trading no matter how experienced you are, unless you're not a gambler. You have to be extremely, at the same time appreciative and contented. As a trader, your main focus should be on how to secure your future, through securing what you have left, and not through recovering what has been lost.

Loses are part of trading and as a trader we have to accept them. Accepting loss in trading means never do more trading just to cover the loss rather do some analysis that why we faced the loss. This analysis helps us in refining our trading strategies, which in turn helps a trader to grow in future. One can’t become a successful trader if he doesn’t know how to handle loses in trading because it’s a wild fire which even experienced traders find it difficult to handle. You pointed out right that we need to focus on safety of money which is left behind.  

Clearly, evaluation is always the best way to maximize results and minimize risk all progress begins with learning from experience, and I believe one reason why traders actually increase their leverage or the number of trades they make is because they get carried away by their emotions and want to recoup their losses as quickly as possible, when in fact the problem lies not in how many trades are opened or how much risk is taken, but in how effectively they approach the market and manage their portfolio.

The best way to become a successful trader is to learn from one's own experience. The reason why most traders increase their leverage, may be that they have used more than what they can afford to lose and they want to recover their loses. They may consider increasing their leverage in order to be able to win back all the money they have lost while trading and the market is unpredictable. At this point they allow emotions to get the better part of their trading decision and may end up making mistakes they never intended to do.