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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.
I'm a trader (although not an expert), and I guess I need to debunk or say my opinion to some of the things that you said here.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.
- That might happen when you're a newbie, and TBH, it also happened to me. The feeling of thinking whether your trade will be profitable or not while trying to sleep? I felt it back then, but ever since I have a strategy that works for me, I don't feel any anxiety or stress anymore when it comes to my trades. Maybe there's a little stress, but that's tolerable. Just trust your analysis, and let the market do it's thing.
- Expert traders don't need to monitor the market regularly. Expert traders only trade at least 2 per day (scalpers), and some even only trade once per day or week (swing traders). Well, you need to monitor the market still, but not to a point where you will look at it 10x per hour.
- Well, this might be true for most of the traders out there since for them, they consider it as their work-from-home job. There are some though who are joining various trading groups on different social media platforms like Discord where they find traders like them as well.
Substance abuse can affect the accuracy of your trading decisions, so I feel people interested in trading need to understand this risk before starting to trade so that they do not turn to substance abusers, but rather focus on the healthy alternatives.
I will not speak to this one myself because I haven't tried to use substance nor use substance to have a better decision in trading. I will not be surprised if there are traders out there that are using substance for whatever reason it is, but I don't think that it's a good habit to do. For me, I don't need substance to make better decisions. Just a quite area, and I'm fine.