Overview #

Trading addiction is more commonly known as gambling addiction. It can be hard to spot, but it's helpful to understand its signs and some of the unconscious biases that lead investors down this path.

What are the signs of trading addiction? 📛 #

Trading addictions can negatively affect people in many ways. They can cause financial problems, relationship problems, and emotional problems. Gambling addiction can lead to crime, bankruptcy, and homelessness. It can also lead to suicide.

The three signs of trading addiction are feeling the need to trade all the time, thinking about trading all the time, and being preoccupied with making money.

What causes it? #

There is no one definitive answer to this question. However, some possible reasons for trading addiction include seeking excitement or thrills, chasing losses, or feeling a sense of power and control. Additionally, some people may be genetically predisposed to addiction or may have underlying mental health issues that contribute to their addictive behavior.

Learn more 🎓 #

Websites #

There are many resources available to help individuals struggling with trading addiction. Here are a few:

• The National Council on Problem Gambling: This organization offers support and resources for individuals struggling with gambling addiction, as well as their loved ones.

• Gamblers Anonymous - This is a 12-step program designed specifically for people struggling with gambling addiction.

• behavioralfinance.org - This website offers information and resources on behavioral finance, which is the study of how psychological factors can affect financial decision-making.

Books #

• "The Trading Addiction Recovery Plan" by Mark Douglas
• "The New Market Wizards" by Jack Schwager
• "Reminiscences of a Stock Operator" by Edwin Lefevre
• "Market Wizards" by Jack Schwager
• "The Intelligent Investor" by Benjamin Graham

Posts

• And you're ignoring your failures.
• And the only limit order is yourself
• And you're failing the test