How Do I Know If Someone is Addicted To Day Trading?
Identifying an addiction can be a difficult task and it is when it goes under the radar that you can find yourself in real trouble. Trading stocks, crypto currency or even forex (also known as Day trading) has become more and more popular in recent years, largely due to the emergence of broker companies and a shift to online making it much easier for people to invest.
Investing in the stock market is great until you realise you’re losing money. The best way to make money in the stock market is by trading as seldom as possible. You know you’re addicted to trading stocks when you can’t seem to stop buying and selling your positions. Whether or not you’re making money is irrelevant when it is negatively affecting your health
What Are The Risks Of Trading Addiction?
Are you day trading like a gambler? There are many similarities between betting addiction and trading addiction and many of the risks involved are the exact same. Becoming addicted to trading can often mean that a vehicle for improving your finances actually has the complete opposite effect.
Trading addiction can be a downward spiral. Many people start trading stocks, crypto currencies and forex trading to make some passive income, and diversify against inflation. When you get addicted, you begin making bad decisions. You trade in and out of stocks so much that you are guaranteed to lose money with the transaction fees. Trading addiction can ruin your life.
Indicators Of Addiction
There are some really obvious signs of addiction to trading that can often save you tonnes of money if you spot them early. You are a trading addict if you are consistently trading high-risk, high-reward stocks. A proper investor looks at value, and doesn’t sell through thick and thin. If you’re trading often, you’re likely not making money.
Are you always checking stock prices? Can you go 24-hours without thinking about whether your stocks are up or down? These are signs that you need a break, and perhaps trading stocks isn’t healthy for your personality. If your relationships begin to strain as a result of stock trading, it is time to seek some help from friends, family and professional addiction experts.
Ways To Beat Day Trading Addiction
You have the power to beat your day trading addiction. You simply need to believe in your ability to stop the habit. That is all that addiction is at the end of the day, a habit that has become ingrained. You can beat stock addiction by reaching out and seeking some help from those who can ensure you quit safely.
Beating shares trading addiction is easier when you’re aware of where you are going wrong. Understand that your behaviour is a result of your thoughts. You need to focus on other things. Distract yourself with sport, running, speaking to friends about something else. Each time you get the urge to trade, you must automatically and consciously do something else instead.
A Healthier Future
Recognising that you are addicted to day trading precious metals, shares & stocks, forex and other activities is the first step to a healthier future. You prioritise future-you when you admit you have a problem. Trading stocks does not need to be a core component of your personality. By reaching out and seeking help, you can learn how to swap trading for more healthy activities such as reading and exercising.
Everyone picks up bad habits, you are not alone. You can beat your addiction to day trading in shares and stocks by focusing on replacing your bad habits with some good, health habits. When you recognise the issue at hand, you can learn just how to avoid succumbing to the pressure every time you get that urge.
Myths About Day Trading
Trading stocks and crypto currencies are NOT a vehicle for earning quick cash. There are plenty of snake-oil salesmen out there who will have you convinced that you can make easy money on daily trades. The stock market is very unpredictable and not even the smartest investors in the world can accurately predict market developments.
Trading stocks is not for everyone. The only people who can effectively trade stocks are those with exceptional patience and those who understand that the only true gains are in compound interest and through buy-and-hold investing over decades of waiting for investments to accumulate.
Learning about trading stocks and the dangers involved will really assist you in combating that addiction, and you can become a competent investor.
How Do I Get Help?
The easiest way for you to get help in fighting your addiction to day trading is by simply reaching out. By speaking to your friends and family, joining stock addiction support groups and actively searching for support, you will find that there are a lot of people who have been through the issue who are willing to help you.
Reach out to our rehabilitation centre’s professional experts who handling addiction treatment and book yourself in for a session. The best way to fix a problem is by speaking with someone who has fixed the problem before. They will know how to help and they will prepare you for fighting withdrawal symptoms and staying strong in your fight.
What Are The Benefits of Beating Trading Addiction?
When you successfully beat your trading addiction, you will find a newfound confidence that you have the willpower inside you to do anything you set your mind to. Overcoming trading addiction will prepare you for effectively combating addiction in other bad habits you have picked up too. You will feel less anxious and more conscious of your overall well being.
Beating trading addiction will offer you a unique perspective and you’ll be able to trade without feeling that craving to do it more often. You’ll be safe in the knowledge that you don’t NEED to bet and that you only make smart investment decisions.
Trust the support you receive and your addiction will be long gone in no time. Call 1800-547-2060 for help!