- What is the trading addiction?
- What is considered trading addiction?
- How much trading is too much?
- Some alarming trading addiction statistics
- Symptoms & Causes of the trading addiction
- Symptoms & Signs of trading addiction
- Possible causes of trading dependency
- Why is trading so addictive?
- Problem, bad effects & consequences of trading
- creating general health problems
- affecting your brain & mental health
- affecting your relationships
- How to stop your trading addiction
- Main steps and solutions to break the trading addiction
- Best trading blocker apps & software
- Best books to quit trading
- where to seek extra help?
Am I Addicted To trading?
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 trading addiction.
Trading is the act of exchanging goods or services for money.
trading, 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 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 is the 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 alarming trading addiction statistics
There is no definitive answer to this question as it is difficult to determine how many people are addicted to trading. However, a recent study by the University of Cambridge estimated that around 2% of the adult population in the UK are addicted to gambling.
Symptoms & Causes of the 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
- 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
- 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.
Problem, consequences & bad effects of trading
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.
affecting your brain & mental health
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.
Is trading bad for 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.
affecting your relationship
If you are in a relationship, trading can have a negative effect if it becomes excessive. If your partner feels like you are spending more time trading than with them, it can create tension and resentment. It is important to find a balance that works for both of you.
How To Stop Your trading Addiction
So 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, ressources 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.
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 trading:
1. Purge temptations
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:
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 trading. 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 trading. Each day you resist to it is a day weakening your brain connections with trading. From your patience and discipline will arise incredible mind strength, hope and wisdom.
Best trading blocker apps & functionnalities
Additionally, you can limit or block access to trading using those apps:
- 1. parental controls
- 2. stop-loss orders
- 3. trader alerts
- 4. account blockers
- 5. trading history limits
Best books around trading
- 1. Trading Addicts by William Ury
- 2. The Trading Addiction Workbook by William Ury
- 3. The Art of Trading by Michael Covel
- 4. Trading in the Zone by Mark Douglas
- 5. The Psychology of Trading by Brett Steenbarger
where to seek extra help?
Do you need some support and help to stop and overcome your trading addiction? If you or someone you know is struggling with trading 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 is no one definitive answer to this question. Some people may find success in seeking help from a therapist or counselor, while others may find helpful support groups or online forums. Ultimately, it is important to find an approach that works for you and that you feel comfortable with.
It is important to remember that trading addiction is a serious issue that should not be taken lightly. If you or someone you know is struggling with this addiction, it is important to seek professional help. There are many resources available to help those struggling with this addiction. With the right support, it is possible to overcome trading addiction and live a healthy and successful life.
To go further, please check our course The Digital Purge.