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.
Some of the substances that could be abused by traders are:
- Alcohol
- Energy drinks and Caffeine.
- Cigarettes, Cannabis and even cocaine. etc
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.
Yes people do take substances, Although not only in trading, but this is a trading forum so our focus should be on it .
Firstly taking those thing is not really necessary as a forex trader that understand what his doing.
Now it may sound wrong, but most profitable traders do not spend up to 6 hours on chart in a day. This is because they make it as simple as possible, any one who stays on their chart for the whole day is just making things complicated for himself.
You can make annalysis the in the morning Mark out your bias, look for an opportunity, set crossing alarm, and just like that your simply done for the day
Once you alarm notifys you you check the market out again make some brief analysis and that way you don't even need those substance to stay active,
On the other hand staying in the chart can as Well affect your emotions, it can even make you over refine, and get it all wrong
So the goal here is to make your strategy as simple as possible and you'll not need to take any substance
Just working with nature