- What is the stock market addiction?
- What is considered stock market addiction?
- How much stock market is too much?
- Some alarming stock market addiction statistics
- Symptoms & Causes of the stock market addiction
- Symptoms & Signs of stock market addiction
- Possible causes of stock market dependency
- Why is stock market so addictive?
- Problem, bad effects & consequences of stock market
- creating general health problems
- affecting your brain & mental health
- affecting your relationships
- How to stop your stock market addiction
- Main steps and solutions to break the stock market addiction
- Best stock market blocker apps & software
- Best books to quit stock market
- where to seek extra help?
Am I Addicted To stock market?
Welcome to our digital detoxing series! A series on how to stop addictions to Fortnite, Facebook, Instagram, porn, Netflix, Youtube, Tinder… (find them all here).
Today, let’s talk about the stock market addiction.
About stock market
A stock market is a collection of markets where stocks (pieces of ownership in businesses) are traded between investors. It usually refers to the exchanges where stocks and other securities are bought and sold.
stock market, a “real” addiction?
Officialy an addiction?
Let’s have a look to the DSM-5,the Diagnostic and Statistical Manual of Mental Disorders. Does it includes stock market addiction?
There is no specific listing for stock market addiction in the DSM-5, but it could be classified under a number of different disorders, such as gambling disorder, impulse control disorder, or substance-related and addictive disorders.
So what is the stock market addiction?
There is no formal definition of stock market addiction, but it could be generally described as an excessive preoccupation or obsession with stocks and investments. This may manifest as compulsively checking stock prices, excessively buying and selling stocks, or engaging in other risky behaviors in pursuit of profits. Stock market addiction can lead to financial ruin, and it may be considered a type of impulse control disorder.
What is considered stock market addiction?
- 1. Preoccupation with the stock market: thinking about it constantly or obsessively following news and changes in prices.
- 2. Loss of control: an inability to stick to set investment goals or limits, often leading to excessive buying or selling.
- 3. Risky behavior: taking on excessive risks in pursuit of profits, or continuing to invest despite heavy losses.
- 4. Continued investment despite negative consequences: neglecting work, family, or other important obligations in order to trade stocks, or continuing to invest despite financial ruin.
- 5. Neglect of other interests and hobbies: losing interest in previously enjoyed activities and withdrawing from social interactions in order to focus on the stock market.
- 6. Tolerance: needing to trade more and more frequently or to take on greater risks in order to achieve the same level of satisfaction.
- 7. Withdrawal: feeling irritable, restless, or anxious when unable to trade or when the market is not moving in the desired direction.
- 8. Persistent thoughts about the market: feeling like one can’t get the market out of one’s head, even when trying to focus on other things.
How much stock market is too much?
There is no one answer to this question. Some people may spend a lot of time on the stock market and still feel that they are not spending too much time. Other people may feel that they are spending too much time if they spend more than a few hours a week on the stock market.
Some alarming stock market addiction statistics
There is no definitive answer to this question, as it can vary greatly from person to person. However, some common statistics on stock market addiction include:
-Many people who are addicted to the stock market spend hours researching stocks, analyzing financial data, and monitoring the market.
-Some people may take on excessive risk in order to make a profit, which can lead to financial losses.
-Addiction to the stock market can lead to financial instability and ruin.
Symptoms & Causes of the stock market addiction
Why is stock market so addictive?
There are a number of reasons why the stock market can be addictive. For some people, it is the thrill of the game and the possibility of making a lot of money quickly that is most appealing. For others, it may be the sense of power and control that comes with owning a stake in a company. Whatever the reason, the stock market can be a very addictive activity.
Possible causes of stock market dependency
There is no definitive answer to this question as there can be many different reasons why someone might become addicted to the stock market. Some possible causes could include a need for excitement or thrills, a desire to make quick and easy money, or a belief that one can always beat the market. Whatever the reason, stock market addiction can be a dangerous and costly habit.
Signs & Symptoms of stock market addiction
- 1. You can’t help but check your portfolio several times a day, even when there’s no reason to.
- 2. You have endless discussions with friends and family about stocks and the market.
- 3. You spend more time reading about stocks and the market than anything else.
- 4. You have multiple stock-related apps on your phone and visit multiple websites daily to check stock prices.
- 5. You get anxious when the market is down and feel elated when it’s up.
- 6. You frequently day trade or make other short-term trades.
- 7. You have more money invested in the stock market than you can afford to lose.
Problem, consequences & bad effects of stock market
What are some benefits of stock market
Some people view the stock market as a great way to make money, while others view it as a necessary evil. Here are some pros and cons of the stock market:
-The stock market can be a great way to make money. If you pick the right stocks, you can make a lot of money in a short period of time.
-The stock market is also a great way to diversify your investments. By investing in different stocks, you can spread your risk around and potentially reduce your overall losses.
-Another pro of the stock market is that it can provide you with a sense of ownership in a company. If you invest in a company that you believe in, it can be gratifying to see the company do well.
-Of course, the stock market can also be a great way to lose money. If you pick the wrong stocks, you can quickly lose a lot of money.
-The stock market is also very volatile. This means that the value of your investments can go up and down very quickly, which can be stressful.
-Finally, the stock market can be difficult to understand. If you’re not familiar with how it works, you could easily make some bad investment decisions.
But at the opposite, what can be some stock market addiction problems addicts suffer from?
general health problems
There is no definitive answer to this question as the effects of the stock market on health can vary depending on the individual. Some people may experience increased levels of stress and anxiety if their portfolio is heavily invested in the stock market, while others may find that tracking their investments helps them to better understand their finances and feel more in control. Ultimately, it is important to monitor your own emotional and physical response to stock market activity and make adjustments to your investment strategy as needed in order to maintain your health and well-being.
affecting your brain & mental health
- 1. You may become more impulsive.
- 2. You may become more short-sighted.
- 3. You may take on more risk.
- 4. You may become more emotional.
- 5. You may become less rational.
Is stock market bad for your mental health?
The stock market can have a negative effect on your mental health if you allow it to. The stress of trying to make money in the stock market can lead to anxiety and depression. The stock market can also be a source of negative emotions such as fear and greed. If you are not careful, the stock market can take a toll on your mental health.
affecting your relationship
There is no definitive answer to this question as the effect of the stock market on relationships can vary greatly from couple to couple. Some couples may find that the ups and downs of the stock market have a negative effect on their relationship, while others may find that it brings them closer together. Ultimately, it is up to each couple to decide how they will let the stock market affect their relationship.
How To Stop Your stock market Addiction
So you think you are addicted to stock market and you are wondering how to quit it? How to break and overcome your cravings for stock market ?
Here are the best solutions, steps, ressources and help you can get to treat your stock market addiction.
Main steps and solutions to break the stock market addiction
The first step is to realize that you have a problem. Second, is to seek help from a professional. third is to make a plan to change your behavior. fourth is to stick to your plan. fifth is to stay away from trigger situations. sixth is to stay positive and believe in yourself.
That’s what most documentation outhere is about… However, quitting a digital addiction can be a bit trickier than that.
So our team, after testing many ways, designed a bulletproof way to overcome them. Here are some clear and practical steps that are very powerful to quit a digital addiction, including stock market:
1. Purge temptations
Cleaning your life from temptations is much easier than resisting to them. Disable or delete your stock market accounts, change the password and hide it somewhere you can’t access easily, keep your phone / computer far away… Out of sight out of mind.
Here is a video from our course the The Digital Purge. on how to add resistance to your temptations, so you become so lazy to engage with them that you give them up:
Click here if you want to see more of the Digital Purge!
2. Spot & Reveal your emotional triggers
There are some reasons, often hidden ones, that your brain and your heart love so much stock market. Those reasons act as triggers to pull your cravings. Rather than chasing the addiction, it’s a more efficient strategy to look at the feelings driving you toward it. That way you can cure and heal the feeling. You’ll feel better and the cravings will magically disapear.
3. Rewire to life
An addiction FOMO (fear of missing out) can be huge and really painful to resist, especally if it was here for a long time. However learning to live with it is necessary to build a life full of peace and joy. Strategies to fight FOMO and rewire to life include meditation, nature activities, social interraction, intellectual and creative projects, meaningful adventures… basicaly anything that fill your soul.
4. How to not relapse and fully recover?
It may takes days, weeks, months or even years. You may relapse a few times, but the most important is that you keep engaging less and less with stock market. Each day you resist to it is a day weakening your brain connections with stock market. From your patience and discipline will arise incredible mind strength, hope and wisdom.
Best stock market blocker apps & functionnalities
Additionally, you can limit or block access to stock market using those apps:
- 1. Stock Market Watch: This app allows users to track and monitor stock prices in real-time.
- 2. Stock Market Tracker: This app provides users with up-to-date stock market information and allows them to create watchlists of their favorite stocks.
- 3. Stock Market Simulator: This app allows users to simulate investing in the stock market and learn about different investment strategies.
- 4. Stock Market Game: This app allows users to compete against others in a virtual stock market.
- 5. Stock Market Quotes: This app provides users with real-time stock quotes and market news.
Best books around stock market
- 1. “The Stock Market Addiction” by Jerry Brito
- 2. “The Art of Trading” by Jared Dillian
- 3. “The Psychology of Trading” by Brett Steenbarger
- 4. “The Black Swan” by Nassim Taleb
- 5. “Fooled by Randomness” by Nassim Taleb
where to seek extra help?
Do you need some support and help to stop and overcome your stock market addiction? If you or someone you know is struggling with stock market addiction, there are a few places to seek help.
First, check our course The Digital Purge. This course has already helped many digital addicts to rewire to what matter. But other options also exist.
There are a few options available for those struggling with stock market addiction. Therapists that specialize in treating addictions may be a good place to start. In addition, Alcoholics Anonymous and Gamblers Anonymous both offer support groups for those struggling with addiction.
In conclusion, if you find that you are addicted to the stock market, there are a few things that you can do in order to overcome this addiction. First, you need to realize that you have a problem and that you need to seek help. Next, you need to find a good financial advisor who can help you get your finances back on track. Finally, you need to make a plan and stick to it.
To go further, please check our course The Digital Purge.