Post
Topic
Board Trading Discussion
Re: Trading addiction, are you coping?
by
abel1337
on 09/06/2023, 19:53:10 UTC
snip

I think it would be perfect to bring this trading discussion. Are you addicted to trading? I am thinking that making profit from trading or making losses, there is a chance that some traders are addicted to trading. What are you doing naturally to stay away from trading addiction?
i'm lucky not to fall into the trading addiction category because i don't do day trading and usually day traders often experience this,

Quote
Day trading is addictive for the same reason that gambling is addictive, and it has to do with the brain.  When a day trader takes a profit, or even gets excited about a potential profit, the brain releases “feel good” neurochemicals such as dopamine and serotonin.  In activating the brain’s reward system, over time the brain becomes reliant on this type of stimulation in order to induce pleasure.  The brain becomes conditioned to want to trade financial instruments for excitement, euphoria, and wellbeing.  Undoing the damage done to the brain can take weeks or months to correct.
[1] https://www.familyaddictionspecialist.com/blog/am-i-addicted-to-day-trading-10-signs-you-are-addicted-to-day-trading-and-what-to-do-to-stop

all traders must pay more attention to the duration of their trading every day to avoid the effects of addiction on trading even in some cases many also experience withdrawal symptoms such as anxiety when not trading, if it reaches this stage then the trader must be treated (to avoid bad effects in the future which could only make the sufferer worse).
Just like any other hobbies or thing that you are really focused on, there is a chance that people will get addicted into it. Just like gambling, there people who are getting addicted to trading and it's sad to see traders that are doing revenge trading which put them at the greater risk. All addiction is curable but it needs a long time for it to be cured and it might require some specialist and rehabilitation program just to be free from that addiction. At the end of the day, everything is fine not until you got addicted and receives negative effects on what you are doing.