Do People Get Addicted To Trading Just Like Gambling?

[rachael9385]

To some extent, traders are like gamblers, they find it hard to control their emotions when they experience winning or losing streak. So if gambling addiction exist for gamblers, then I would agree as well that trading addiction is very possible with traders.

Most of the traders nowadays are no longer trading because they know how the market moves, they have their skills and good strategies, but because they want to take revenge in the market after a huge loss in trading. And this revenge trading will only pave way for trading addiction, but of course they won't accept that because for them, they are just trading for profits, they aren't trading addicts.

I agree, a lot of traders think the way gamblers think that's the reason why the results that they have are similar to that of gamblers as well. A lot of people say that there is no difference between gambling and trading it's because they don't really know that trading has principles and when they are followed correctly traders make more profits than losses in the long run, strategic trading isn't gambling.

[Hamza2424]

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.

Yep bro, it is close to gambling because in gambling the outcome is not sure, we either win or lose, and that's the main hook for the brain to even try again and again in the hope of getting funds back, as we are unsure of the future and we are also unsure of the future in trading too.

So we can easily get addicted to gambling in trading too. If you make $10 in 1 minute, that would be like 1 hour of labor work. Would you not open the site again? You definitely would.

Traditional traders might not become gamblers, but now they have tokenized most of it, so they can. But closing hours and taking some time off kind of features are really good ones to stop people from converting into gamblers.

[leonair]

To some extent, traders are like gamblers, they find it hard to control their emotions when they experience winning or losing streak. So if gambling addiction exist for gamblers, then I would agree as well that trading addiction is very possible with traders.

Most of the traders nowadays are no longer trading because they know how the market moves, they have their skills and good strategies, but because they want to take revenge in the market after a huge loss in trading. And this revenge trading will only pave way for trading addiction, but of course they won't accept that because for them, they are just trading for profits, they aren't trading addicts.

I agree, a lot of traders think the way gamblers think that's the reason why the results that they have are similar to that of gamblers as well. A lot of people say that there is no difference between gambling and trading it's because they don't really know that trading has principles and when they are followed correctly traders make more profits than losses in the long run, strategic trading isn't gambling.

Many traders, having the opportunity to trade using high leverage, use trading like gambling. However, trading is never like gambling. In the case of gambling, it is not possible for anyone to analyze and find out which bet he will win and which bet he will lose. But in the case of trading, it is possible and in the case of trading, there are some coins that are much less risky, such as Bitcoin. If the price drops after buying Bitcoin for trading, if you hold them, the price recovers. Even if you lose, you lose some amount, not the total capital. However, by avoiding spot trading, now maximum traders use high leverage to make big profits in less time and using less capital, due to which they regularly lose and lose more while recovering those losses. In this way, many traders are using trading like gambling. Therefore, trading cannot be compared with gambling.

[masulum]

However, trading is never like gambling. In the case of gambling, it is not possible for anyone to analyze and find out which bet he will win and which bet he will lose. But in the case of trading, it is possible and in the case of trading, there are some coins that are much less risky, such as Bitcoin. If the price drops after buying Bitcoin for trading, if you hold them, the price recovers.

if you say gambling cannot be analyzed, i can say it can be wrong, because a gambler (except slots gambler), they are still analyzed various possibilities just like in poker they still able to analyzed the card on hand and on the table. In addition, if the gambler is a sports bettor, they will analyze many things, including H2H, player conditions, a team playing trends, and more. all of this analysis just want to help them to winning bets.

but i agree the difference between trading and gambling lies only in its model. If it uses leverage or binary, I believe and consider it gambling, because when we lose, there is a possibility the money will be lost 100% due to liquidation. But if it is spot trading, this different from gambling because there is an asset being held. It may decrease in value, but that does not mean it will be lost.

[Shinpako09]

To some extent, traders are like gamblers, they find it hard to control their emotions when they experience winning or losing streak. So if gambling addiction exist for gamblers, then I would agree as well that trading addiction is very possible with traders.

Most of the traders nowadays are no longer trading because they know how the market moves, they have their skills and good strategies, but because they want to take revenge in the market after a huge loss in trading. And this revenge trading will only pave way for trading addiction, but of course they won't accept that because for them, they are just trading for profits, they aren't trading addicts.

I agree, a lot of traders think the way gamblers think that's the reason why the results that they have are similar to that of gamblers as well. A lot of people say that there is no difference between gambling and trading it's because they don't really know that trading has principles and when they are followed correctly traders make more profits than losses in the long run, strategic trading isn't gambling.

Those who say that are those who keep on losing and those who trade memecoins blindly. Trading mostly depends on your skills, while gambling mostly depends on luck. You can become profitable in trading in the long run as long as you have the skills and the right mindset. If you are losing, then most likely your skills are still lacking and you are doing it wrong. Or maybe you treat it as gambling and put high leverage all the time.

[Bright0515]

Those who say that are those who keep on losing and those who trade memecoins blindly. Trading mostly depends on your skills, while gambling mostly depends on luck. You can become profitable in trading in the long run as long as you have the skills and the right mindset. If you are losing, then most likely your skills are still lacking and you are doing it wrong. Or maybe you treat it as gambling and put high leverage all the time.

What makes trading different from gambling is the fact that you don't lose carelessly, there's a possibility of gaining profit right after you must have incurred losses, meaning that the chances of making profits are more than those that rely on luck to make profit. Treating trading as gambling is the main reason why a lot of traders have not been able to achieve anything substantial over the years.

[Floczy]

I agree with you,

Addiction in activities like this is basically as a result of demand for money.

Can you get addicted to trading a demo account?  No you can't, reason because there is no real money involved.

So basically if you moderate the demand for money you will be able to escape potential addiction, instead chase the skill, love the skill that will lead you to profitability, rather get addicted to wanting to know more and understanding the market rather than wanting to make money so bad.

[Stalker22]

Can you get addicted to trading a demo account?  No you can't, reason because there is no real money involved.

Demo accounts are different because the dopamine is not there.  Once actual stakes are on the line your brain chemistry completely changes.

So basically if you moderate the demand for money you will be able to escape potential addiction, instead chase the skill, love the skill that will lead you to profitability, rather get addicted to wanting to know more and understanding the market rather than wanting to make money so bad.

Lol yeah okay in theory sure... but telling someone to just "love the skill" instead of the cash is like telling an alcoholic to just really appreciate the taste of non-alc beer.

[Solokan]

I share your opinion trading can become addicted. Many people want to recoup their capital or losses, ultimately increasing their trading capital to achieve profits and recoup their lost money Honestly, I've experienced trading addiction myself, but there are certainly many who aren't addicted as everyone has a different mindset

Even when gambling, if you lose, you naturally want to recoup your capital, and you end up placing large bets with the goal of winning and ultimately recovering your capital or profits So, in this regard, I agree with you that trading can become addicted, just like gambling However, I believe it's best to manage our emotions when trading and gambling Many people end up losing money due to revenge or the desire to recoup their capital, instead of making a profit. Many people sell their houses, land, and other things due to gambling and trading addiction

[doomloop]

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.

Yep bro, it is close to gambling because in gambling the outcome is not sure, we either win or lose, and that's the main hook for the brain to even try again and again in the hope of getting funds back, as we are unsure of the future and we are also unsure of the future in trading too.

So we can easily get addicted to gambling in trading too. If you make $10 in 1 minute, that would be like 1 hour of labor work. Would you not open the site again? You definitely would.

Traditional traders might not become gamblers, but now they have tokenized most of it, so they can. But closing hours and taking some time off kind of features are really good ones to stop people from converting into gamblers.

Basically, anything that has the possibility of making you some quick money can be addictive. In gambling, people already know that it is all about your luck, you decide the amount you want to bet, click a button, and have the results in front of you. Sometimes you win, and sometimes you lose, but since the possibility of winning is also there and people experience it every now and then, they become addicted because they want to have that experience again and again, so they keep trying.

Similarly, when it comes to trading, if people start treating it like gambling, they can surely get addicted to it, especially a few types of trading which have a lot of resemblance with gambling, such as futures and margins trading or options trading. In futures and margins trading, you basically can make larger trades with a small capital since you can use leverage, and if you use large leverage and luckily you make a trade and it works in your favour, you can make good money, and this is what makes people get addicted.

But I would like to mention that it's only a specific group of people who get addicted, it is those who don't spend time gaining knowledge and sit in front of the screens for hours reading charts and trying to figure out the next moves of the market. This group simply makes bets even in trading, by making trades based on gut feelings and guesses.

[Swordsoffreedom]

Those who say that are those who keep on losing and those who trade memecoins blindly. Trading mostly depends on your skills, while gambling mostly depends on luck. You can become profitable in trading in the long run as long as you have the skills and the right mindset. If you are losing, then most likely your skills are still lacking and you are doing it wrong. Or maybe you treat it as gambling and put high leverage all the time.

What makes trading different from gambling is the fact that you don't lose carelessly, there's a possibility of gaining profit right after you must have incurred losses, meaning that the chances of making profits are more than those that rely on luck to make profit. Treating trading as gambling is the main reason why a lot of traders have not been able to achieve anything substantial over the years.

I reckon both of you are oversimplifying trading here.

Having the right skills and mindset does not mean you will automatically make money from trading. The market's always uncertain and out of our control.  This is the reason why professional trader can also experience losses.

Trading is not a 9to5. It is a game of odds. You can have a solid strategy and proper risk management and still go through losing streaks . Skills can give you an edge, but they can't eliminate uncertainty or guarantee you will alway come out profitable .

[knowngunman]

I agree with you,

Addiction in activities like this is basically as a result of demand for money.

Can you get addicted to trading a demo account?  No you can't, reason because there is no real money involved.

So basically if you moderate the demand for money you will be able to escape potential addiction, instead chase the skill, love the skill that will lead you to profitability, rather get addicted to wanting to know more and understanding the market rather than wanting to make money so bad.

Are you saying people get addicted simply because of money? Some people get addicted to video games too, that's just one example from many examples of what people get addicted to without money being involved. I definitely won't be surprised if someone's addicted to demo trading even though I will take them as insane person. I agree money can be the reason for most addiction in trading and gambling since you literally need money for almost everything now but why is it difficult for addict to quit even after winning a life changing amount? They end up wasting whatever they make just because they can't stop doing it. Even thou money is one of the leading factors, self control also plays a larger part.

[Texac]

I agree with you,

Addiction in activities like this is basically as a result of demand for money.

Can you get addicted to trading a demo account?  No you can't, reason because there is no real money involved.

So basically if you moderate the demand for money you will be able to escape potential addiction, instead chase the skill, love the skill that will lead you to profitability, rather get addicted to wanting to know more and understanding the market rather than wanting to make money so bad.

Are you saying people get addicted simply because of money? Some people get addicted to video games too, that's just one example from many examples of what people get addicted to without money being involved. I definitely won't be surprised if someone's addicted to demo trading even though I will take them as insane person. I agree money can be the reason for most addiction in trading and gambling since you literally need money for almost everything now but why is it difficult for addict to quit even after winning a life changing amount? They end up wasting whatever they make just because they can't stop doing it. Even thou money is one of the leading factors, self control also plays a larger part.

Agreed. Money can be a factor, but it is far from whole story. Addiction is not limited to trading or gambling. People can get hooked on all sort of thing, video game, and shopping, even exercise...

The desire to make money is only one part of it. The thrill, and the stimulation, and the repetitive nature of the activity itself can keep someone hooked too . That's why person might keep trading even after making lot of money , or keep at it even while taking losses.

[Su-asa]

Do you agree with me that people can get addicted to trading just like gambling or You don't agree?

This is not about anyone should agree or not agree with you as there are trader seeking for rehabilitation. Even in crypto trading, some people seek for rehabilitation. There are many traders that are trading but do not seek for rehabilitation. Trading can be as addictive as gambling and it is not a good thing at all.

I agree, even in crypto trading there are lots of people that trade excessively and they do not have any form of discipline. But I don't really think trading can be classified as part of an addiction because for one to be able to be a good trader they must try to build consistency. A lot of times this consistency is what is seen as trading addiction but what's actually trading irresponsibly is overtrading.

[LUCKMCFLY]

but i agree the difference between trading and gambling lies only in its model. If it uses leverage or binary, I believe and consider it gambling, because when we lose, there is a possibility the money will be lost 100% due to liquidation. But if it is spot trading, this different from gambling because there is an asset being held. It may decrease in value, but that does not mean it will be lost.

In fact, the gambling aspect is very delicate because it mostly relies on luck, not analysis. While analysis and even strategies can be involved, it primarily comes down to pure luck. In trading, even though short-term trading might seem like gambling, it isn't. It has its secrets and corresponding analyses; it's not about luck. Luck can play a role, but it has its own science.

Now, all of this doesn't exclude the fact that when trading, a person might feel a strong attraction and become obsessive, making it seem like an addiction. That doesn't happen to me because I analyze so much that I get tired. I do a maximum of three analyses, and that's enough to exhaust me.

[laijsica]

Trading can be as addictive as gambling, that's true. But you have the key to control it. If you can trade with control from the beginning of trading, your losses will be greatly reduced. The reason why trading is risky is that a new trader tries to make a lot of profit from the beginning and tends to use high leverage. Inexperience and unplanned decisions can cause you to lose money and start trading again to get your money back.

I advise beginners not to trade at the beginning because there is a high chance of losing capital on this platform. Long-term investment is better than trading.

[Queen uloma]

I agree with your reason because trading can become addictive just like gambling, most especially when someone doesn’t have self control. Once a trader continues to experience more losses, it can develop the mindset of trying to recover everything immediately, which can lead him to take more risks that’s not necessary. The problem isn’t trading on its own but the desperation to recover losses.

Anything that people can’t control can turn addiction especially when it’s affecting their finance and mental health.

[ChocolateBitcoinK]

I agree with your reason because trading can become addictive just like gambling, most especially when someone doesn’t have self control. Once a trader continues to experience more losses, it can develop the mindset of trying to recover everything immediately, which can lead him to take more risks that’s not necessary. The problem isn’t trading on its own but the desperation to recover losses.

Anything that people can’t control can turn addiction especially when it’s affecting their finance and mental health.

One of the biggest problems in trading is not being able to control one's emotions and greed. When a trader tries to recover losses quickly, he starts taking more risks than before. In this way, trying to recover losses, his losses can increase even more. If a person thinks that after each loss he will have to get all his money back in the next trade, he will gradually start making wrong decisions. At some point, trading can become a kind of addiction rather than an investment or a means of income for him.

In trading, there is a possibility of loss as well as profit. It is not possible to make a profit in every trade. Therefore, a trader should determine in advance how much loss he can accept. If there is a loss, he should accept it and take a break for some time. In no way should he take more risks to recover the lost money quickly. When a person gets out of control and starts to harm his financial situation, family and mental health, it becomes a serious problem. Therefore, it is important to have a clear idea of  the ability to control his emotions and the risks before trading.

[Odusko]

I agree with your reason because trading can become addictive just like gambling, most especially when someone doesn’t have self control. Once a trader continues to experience more losses, it can develop the mindset of trying to recover everything immediately, which can lead him to take more risks that’s not necessary. The problem isn’t trading on its own but the desperation to recover losses.

Anything that people can’t control can turn addiction especially when it’s affecting their finance and mental health.

Trading addiction is almost 90% close to gambling addiction and the reason for that is because both of them all involved lose of money, so is easy for someone to get addicted to it, sometimes trading addiction just come in a much slower ways and could even take quite a long time to get noticed since we can minimize the losses with the right trading strategy and approach.

A lot of gamblers don't have such luxury of accuracy to lower they risks and should have some back up funds if not you are going to keep losing and fast financial crisis will set in, alot of time we have noticed such impact differences in some people who are addicted to gambling.

[nara1892]

I agree with your reason because trading can become addictive just like gambling, most especially when someone doesn’t have self control. Once a trader continues to experience more losses, it can develop the mindset of trying to recover everything immediately, which can lead him to take more risks that’s not necessary. The problem isn’t trading on its own but the desperation to recover losses.

Anything that people can’t control can turn addiction especially when it’s affecting their finance and mental health.

Bro, the definition of addiction is when someone is addicted to something and of course it is definitely something that is tempting, well while what you said above is about a trader who tries to recover losses and it leads to irresponsible trading, in my opinion addiction to responsibility is two different things, the addiction scenario is when a person's behavior tends to be greedy after he managed to get profits, How does it make sense?