Do People Get Addicted To Trading Just Like Gambling?

[taufik123]

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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.

Controlling emotions is important because it will determine how good they are at trading and overcoming any problems that occur and outside of the strategy made.
Especially with quick money recovery when losing the first trade, when one can't control it, then they will only make revenge trades and this will be the beginning of more losses.

I have been in a position where I have suffered a lot of losses and tried to recoup those losses quickly so that trading becomes no longer good, and in the end it is more like gambling.

[Hamza2424]

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.

Nope, bro, I would not say it's 100% true because a lot of traders spend hours reading charts and doing genuine technical analysis. They are experts at it, and they can still be addicted to it. It does not only have to do with people who don't study charts, but with people who study them as well.

Their addiction dresses up as analysis, and they might not even trade but open a random project and start analyzing it. After 1 to 2 hours, depending on their experience, they mark it either as a waste of time or add it to their favorites for future opportunities. But in my view, their analysis always has a good impact on their wallets.

So, bro, knowledge can only reduce our bad decisions, but it won't make us immune to our dopamine loop.