I have been thinking about this and I think I needed bringing it up here for discussion. Are you a trader, or do you know any real traders, someone who consistently follows the market? Have you noticed them on any sort of substance?
I fell traders are more likely to become substance abusers for these reasons.
- The market can easily induce stress and anxiety because of the pressure of making decisions. Traders can loose sleep over it.
- Traders need to monitor the market regularly, even worse if you trade crypto because the market is always open.
- Most traders function alone, and are mostly by themselves, locked up in a room with their huge screens.
You’re absolutely right on most of this claims, I can say that people usually have this habit or mindset to actually to maximize everything they want to do most especially if it is something that has to do with making profits and trading isn’t also excused because there are traders that do actually utilize the use of substances to either stay focus while watching their trades or simply to help them sharpen their memory, in any of this situations that a substance is used even if it is at the right dosage actually is an abuse to me because a substance shouldn’t be just taken except their necessity for it which trading isn’t one, just taking substances to read in schools.
Traders need to realize that although there are some periods where the market presents best opportunities for trade the market is still never dry off of opportunities and it can actually presents another one again. Trading with a poor bad health habit is simply wrong because it can only lead to more losses and bad health at the end.
One thing is trades are not supposed to be monitored every time in my opinion, for me trusting your analysis most especially the take profit and stop loss will definitely help to stop monitoring the trades everything minute, most of those traders usually glued to their screens are those gambling by avoiding the ethics of using both stop loss and take profit.