Welcome to our digital detoxing series! A series on how to stop addictions toFortnite,Facebook,Instagram,porn,Netflix, Youtube,Tinder… Findall the posts about digital addiction. Today, let’s talk about how to quit the trading addiction.
- What’s the trading addiction?
- Addiction to trading, a “real” addiction?
- What’s considered trading addiction
- How much trading is too much?
- Some work and productivity addiction facts & statistics
- Symptoms & Causes of the trading addiction
- Why is trading so addictive?
- Possible causes of trading dependency
- Symptoms, Causes and Signs of trading addiction
- Problems, impacts & bad effects of trading
- Some benefits of trading
- health problems
- impact on brain & mental health
- impact on relationships
- How to stop & quit your trading addiction
- Main steps and solutions to break the trading addiction
- Best trading blocker apps & functionalities
- where to seek extra help?
- To Go Further
- How to help someone with trading addiction
- Best books about work and productivity addiction
- Research about work and productivity addiction
What is the trading addiction?
Trading is the act of exchanging goods or services for money.
Addiction to trading, a “real” addiction?
Officially an addiction?
First, let’s have a look to the DSM-5,the Diagnostic and Statistical Manual of Mental Disorders. Does it includes trading addiction?
There is no specific listing for trading addiction in the DSM-5, but it could be classified under a number of different disorders, such as impulse control disorder, gambling disorder, or substance-related and addictive disorders.
So what means “trading addiction”?
Trading addiction is a type of behavioral addiction that is characterized by an obsession with the stock market and/or making trades. Individuals who suffer from trading addiction may engage in risky behaviors, such as day trading, in an attempt to make quick and profitable trades. This can lead to financial ruin if not managed properly.
What is considered trading addiction?
- 1. Excessive preoccupation with trading: This may manifest itself in thinking about trading all the time, or placing trades even when there is no good reason to do so.
- 2. Losing track of time while trading: This can include staying up all night to trade, or skipping meals and other activities in order to trade.
- 3. Putting trading above other important obligations: This might involve neglecting work, family, or social obligations in order to trade.
- 4. Experiencing withdrawal symptoms when not trading: This might manifest itself as irritability, anxiety, or depression when not trading.
- 5. Taking risks that are out of proportion to the potential rewards: This might manifest itself in taking excessive risks in order to make a quick profit, or holding onto losing positions for too long in the hope that they will eventually turn around.
- 6. Lying to others about trading activity: This might involve hiding the extent of one’s trading activity from family or friends, or lying about losses in order to downplay the severity of the addiction.
How much trading is too much?
There is no definitive answer to this question. Some traders may feel that they are spending too much time on trading if they are not seeing the results they want, while others may be perfectly content with the amount of time they are spending. Ultimately, it is up to the individual trader to decide how much time is too much.
Some work and productivity addiction facts & statistics
According to studies, work and productivity addiction, also known as workaholism, is a growing concern in many countries. Here are some statistics related to work and productivity addiction:
- 1. In a survey of 1, 000 employees, 25% reported feeling addicted to work.
- 2. A study found that workaholism is associated with a higher risk of physical and mental health problems, including anxiety, depression, and sleep disorders.
- 3. According to a report, workaholics are more likely to suffer from burnout, job dissatisfaction, and turnover intentions.
- 4. The World Health Organization (WHO) recently classified workaholism as an official medical diagnosis, noting that it can have negative consequences on an individual’s health and well-being.
- 5. A study found that workaholics tend to work longer hours and take fewer breaks than their colleagues, which can lead to decreased productivity in the long run.
- 6. Workaholism can also have a negative impact on personal relationships, with workaholics reporting less time spent with family and friends.
- 7. According to a study, workaholism is more prevalent in high-income countries, such as the United States, Japan, and South Korea.
Overall, work and productivity addiction can have significant negative consequences on an individual’s health, well-being, and productivity. It is important to recognize the signs of workaholism and seek help if necessary.
Is the trading addiction widespread?
Yes, there are a lot of people addicted to trading. Trading addiction is a real issue, and it can lead to significant financial and emotional problems. People who are addicted to trading may feel a constant need to monitor the markets, engage in risky trades, and experience extreme highs and lows based on their trading success. This addiction can also lead to financial ruin and other negative consequences, such as strained relationships, loss of employment, and mental health issues. It is important for individuals who are struggling with a trading addiction to seek help and support to overcome this issue.
Symptoms, Causes and Signs of trading addiction
Why is trading so addictive?
Some people find trading addictive because it can be a way to make quick money. Also, some people get a rush from the excitement and suspense of making trades.
Possible causes of trading dependency
There is no single cause of trading addiction, but there are several possible contributing factors, including:
- 1. A need for excitement or thrills: Some people may be drawn to trading because it provides an adrenaline rush or other high.
- 2. A need to feel in control: Trading can give people a sense of power and control over their finances and lives.
- 3. A need to make money: For some people, the lure of making quick and easy money may be irresistible.
- 4. A gambling addiction: Some people may be predisposed to addiction because of underlying problems with gambling.
- 5. A mental health disorder: Some people may have underlying mental health disorders that contribute to their addiction.
Signs & Symptoms of trading addiction
Now let’s see if you have the trading addiction problem.
- 1. You constantly think about trading, even when you are not actively engaged in it.
- 2. You find yourself making trades more often than you had originally intended.
- 3. You take on excessive risk in order to increase the potential for profit.
- 4. You become easily agitated or anxious when you are not trading.
- 5. You neglect your personal relationships or responsibilities in favor of trading.
- 6. You experience financial or emotional losses as a result of trading.
- 7. You feel an irresistible urge to trade even when it is not advisable to do so.
Problems, impacts & bad effects of trading: should you quit?
What are some benefits of trading
Some people view trading as a great way to make money, as it can be a very profitable activity. Others view it as a way to get involved in the financial markets and learn about how they work.But at the opposite, what can be some trading addiction problems addicts suffer from?
general health problems
There is no definitive answer to this question as the effects of trading on health can vary greatly from person to person. Some people may find that trading has a positive impact on their health, while others may find that it has a negative impact. It is important to keep in mind that everyone is different and that the effects of trading on health will vary from person to person.
trading and sleep disorder
Yes, trading can create sleep problems or sleep disorders for some people. Trading is a high-pressure activity that requires constant monitoring of financial markets, making quick decisions and managing risk. The stress and excitement of trading can lead to anxiety and insomnia, which can lead to sleep deprivation and other sleep disorders.
Additionally, traders often work long hours, sometimes during the night, which can disrupt their circadian rhythm and affect their sleep patterns. Lack of sleep can then impact their cognitive abilities, decision-making skills, and overall performance as a trader.
Therefore, it is essential for traders to prioritize their sleep and manage stress levels to avoid sleep disorders, which can negatively impact their trading performance and overall health.
trading affecting your brain & mental health: bad for brain and mental health?
Some effects of trading on your brain
Trading can have a negative effect on your brain if you are not careful. The constant decision-making and stress can lead to decision fatigue and impulsive decisions. Over time, this can lead to poor judgement and impulsivity, which can in turn lead to financial losses.
Some effects of trading on your mental health
- 1. It can lead to anxiety and stress.
- 2. It can cause you to lose sleep.
- 3. It can make you irritable and short-tempered.
- 4. It can lead to depression.
- 5. It can make you more prone to making mistakes.
Does trading cause stress and anxiety?
Yes, trading can cause stress or anxiety for some people. The uncertainty of the market, financial losses, and the pressure to make profitable trades can lead to feelings of anxiety and stress.
Additionally, traders may feel overwhelmed by the amount of information available and the need to constantly monitor the market. The fear of missing out on a potentially profitable trade can also contribute to feelings of stress and anxiety. It is important for traders to manage their emotions and take steps to reduce stress, such as setting realistic goals, taking breaks, and practicing relaxation techniques.
Can trading addiction lead to sadness and depression?
Yes, trading addiction can lead to sadness and depression. Trading addiction is a behavioral addiction that involves excessive and uncontrollable trading activities, which can result in negative consequences such as financial problems, relationship issues, and a decline in mental health. When traders experience losses or fail to meet their expectations, they may feel a sense of shame, guilt, and sadness, which can lead to depression.
Additionally, trading addiction can cause social isolation and a lack of fulfillment in other areas of life, which can also contribute to feelings of sadness and depression. It is important to seek help and support if you or someone you know is struggling with trading addiction and its negative effects on mental health.
Dopamine and trading
Dopamine is a neurotransmitter that plays a crucial role in the brain’s reward and pleasure centers. It is often associated with the feelings of pleasure, motivation, and reinforcement. In the context of trading, dopamine can have both positive and negative effects.
On the positive side, dopamine can motivate traders to make profitable trades and reinforce successful trading decisions. When traders make a profitable trade, their brains release dopamine, which creates a sense of pleasure and reinforces the behavior. This can lead to a positive feedback loop where traders are motivated to continue making successful trades.
On the negative side, dopamine can also lead to impulsive and risky behavior. When traders are exposed to high-risk trading scenarios, their brains can release large amounts of dopamine, which can create a sense of excitement and reward. This can lead traders to take on excessive risk and make poor trading decisions.
Overall, dopamine plays a complex role in trading, and traders need to be aware of its effects. While dopamine can motivate traders to make profitable trades, it can also lead to impulsive behavior and poor decision-making. Traders should strive to maintain a balanced approach to trading and avoid excessive risk-taking.
trading effects on Focus, productivity, attention span, academic performance…
Yes, trading can have an impact on focus, productivity, attention span, and academic performance.
Trading requires a significant amount of attention and focus, which can be mentally exhausting and can lead to a decrease in productivity if not managed properly. Constant monitoring of the market and making quick decisions can also lead to distractions and interruptions, which can affect one’s ability to concentrate on other tasks.
Moreover, trading can be emotionally stressful, which can further impact focus and productivity. The highs and lows of the market can lead to anxiety, stress, and emotional exhaustion, which can have an impact on academic performance and other areas of life.
Overall, it is important for traders to manage their time effectively, take breaks, and prioritize self-care to maintain focus, productivity, and academic performance.
A word about ADHD and trading
It is possible that people with ADHD may interact differently with trading. ADHD can affect a person’s ability to focus and concentrate, which are important skills for successful trading. However, some individuals with ADHD may be more comfortable with taking risks and making quick decisions, which could be advantageous in certain types of trading.
Additionally, individuals with ADHD may struggle with impulsivity and may find it challenging to adhere to a trading plan or strategy. They may be more likely to make impulsive trades or deviate from their plan, which could lead to losses.
Overall, the impact of ADHD on trading will vary from person to person, and it is important for individuals with ADHD to work with a mental health professional and financial advisor to develop strategies that work best for them.
affecting your relationships
trading and self-esteem
Trading can have a significant impact on self-esteem. Here are some ways in which trading can affect self-esteem:
- 1. Success or failure: Success and failure in trading can directly affect self-esteem. A successful trade can boost self-esteem, while a failed trade can have the opposite effect.
- 2. Control: Trading involves making decisions that can have a significant impact on financial outcomes. When a trader feels in control and confident in their decisions, their self-esteem can increase.
- 3. Comparison: Traders often compare themselves to others in the industry, which can impact their self-esteem. If they feel they are not performing as well as others, their self-esteem may suffer.
- 4. Risk-taking: Trading involves taking risks, and some traders may feel more confident than others in taking these risks. Traders who are more risk-averse may struggle with self-esteem when they see others taking bigger risks and potentially achieving greater success.
- 5. Loss aversion: Losses can have a significant impact on self-esteem, and some traders may struggle to accept losses. This can lead to a negative impact on self-esteem and confidence in future trades.
Overall, trading can have a significant impact on self-esteem, and it’s important for traders to recognize and manage these effects to maintain a healthy mindset and approach to trading.
trading addiction leads to isolation and loneliness?
Yes, trading addiction can lead to isolation and loneliness. When someone becomes addicted to trading, they may spend excessive amounts of time alone in front of a computer or on their phone, obsessively monitoring the market and making trades. This can lead to a lack of social interaction and a decreased interest in other activities, which can ultimately lead to isolation and loneliness.
Additionally, the stress and anxiety associated with trading addiction can further exacerbate these feelings of loneliness and isolation. It is important for individuals who are struggling with trading addiction to seek help and support to break the cycle and prevent further negative consequences.
Effects of trading on your relationship
- 1. Increased Financial Stability: Trading can help you earn more money and increase your financial stability, which can positively impact your relationship.
- 2. Improved Communication: Trading requires constant communication with your partner about your trading strategies, goals, and risk management. This can lead to improved communication and a stronger relationship.
- 3. Shared Interests: If both partners are interested in trading, it can create a shared interest and hobby that they can enjoy together.
- 4. Better Decision Making: Trading requires making informed decisions based on research and analysis. This skill can be applied to other aspects of your life, including your relationship.
- 1. Financial Stress: Trading can be risky, and if you experience significant financial losses, it can cause stress and strain on your relationship.
- 2. Time Constraints: Trading requires a significant amount of time and attention, which can detract from the time you spend with your partner.
- 3. Conflict over Risk Tolerance: If partners have different risk tolerances, it can lead to conflict and disagreements over trading decisions.
- 4. Obsessive Behavior: Trading can be addictive, and if one partner becomes obsessed with it, it can lead to neglect of the relationship and other aspects of life.
How To Stop & quit Your trading Addiction
Finally you think you are addicted to trading and you are wondering how to quit it? How to break and overcome your cravings for trading?
Here are the best solutions, steps, supports, resources and help you can get to treat your trading addiction.
Main steps and solutions to break the trading addiction
The main steps to getting rid of trading addiction are to first become aware of the problem, and then to take action to address the issue. Once you are aware of your addiction, you need to make a commitment to change your behavior. This means making a plan to stop trading, and then following through with that plan. It is also important to seek professional help if you feel you cannot overcome your addiction on your own.
Actually, that’s what most documentation out there 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 trading:
1. Purge temptations: Get rid of trading
First, cleaning your life from temptations is much easier than resisting to them. Disable or delete your trading 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: