Financial trading can be just as addicting as gambling and drugs. Some psychologists specialize in treating those with financial trading addictions. Although this article can be useful and informative, it shouldn't be viewed as a substitute for professional help. There are many temptations in trading, and you can participate on your own at any time.
There is the prospect of great rewards, especially when using leveraged techniques. Unfortunately, some people view awards in such a way that makes it easy for them to train themselves to trade recklessly and compulsively. Trading addicts know that there's the possibility of fast cars and an independent lifestyle looming in the future if only they can make the right trades.
1You Become Less Critical Of Your Trades
Like any addiction, there's a classic downward spiral. When things are moving in a positive direction, the assumption is that nothing negative can happen. You become bolder and less critical of your trades. When things go poorly, there's a frantic effort to recoup those losses.
Your brain can quickly make the connection that "making money equates to feeling good" and that "losing money equates to feeling bad, so let's do even more of what we were doing to make that money back." However, in reality, failure is usually not a sign to do more of the same thing. Those with a more effective brain structure might view the second part as "losing money equates to feeling bad, so let's not do that again." The second group is more likely to try and adjust their methods.
2Obsession, Frustration, And Aggression
Like many other diseases, certain symptoms are relatively easy to spot. Even if you're certain that you aren't showing any of these signs, it would be wise to evaluate yourself from time to time. Ask yourself if you're spending too much of your free time trading online or if you are neglecting friends and family? Are you trading at work, or are you taking time off from work to trade? Are you spending more money than you can afford on trading, or is the amount that you're spending increases each month?
Look for these telltale signs. Are you frustrated, aggressive, or trying to distract yourself from other personal issues? Are your personal hygiene and health on the decline? Are you having financial problems? Are you borrowing money from one source to pay another?
3Take Action To Heal
The most crucial step in healing is to face the reality of the situation and take action. If you have a genuine addiction, it's unlikely that you can fix it on your own. There are withdrawal symptoms, just as with any other addiction. Your challenges might even worsen with any significant attempt to self-treat. Be prepared to deal with that challenge as well.
Get the support of your loved ones and let them help you in your healing journey. Also, seek the assistance of an addiction professional. Find someone who specializes in gambling addiction. Gambling and trading addiction are very closely related.
If you have a trading addiction, it's crucial to get the assistance you require. The negative impact of your obsession on your financial, emotional, and physical well-being can be dramatic. Trading is all about making intelligent decisions that will strengthen your financial position in the future. It's essential for your future that you take the steps you need to get better.