Stock trading attracts a Type A personality that drives you to win at any cost. Success means logging for long periods of time in front of your computer screen, investigating and trading stocks. However, in stock trading, there is a delicate line between working hard and feeding addiction. That line can mean the difference between making a sound investment decision and betting your money.
It may seem difficult to identify who is crazy about trading. But there are obvious signs. Here’s how to tell if you or someone you love is a stock market addict. If any of these are true, consider it a wake-up call and seek professional help if necessary.
1. You are hitting a slot
Smart traders are strategic. They follow a healthy and long-term investment plan. Yes, the goal is to make as much money as possible, but your laptop is not a slot machine. Those who are crazy about trading get caught up in tracking for immediate rewards and make risky and costly trading mistakes. They transform into gamblers.
2. You need a high price
It is the nature of addiction. To get the same height, the dose should be increased each time. All stock traders get a natural adrenaline rush from winning. But the addict has to make bigger and bigger bets and take higher and higher risks to continue the same rush. It doesn’t end well.
3. You can’t stop trading
Online trading has made it easy, cheap, and convenient, and it makes it prone to addiction. People who spend more than 12 hours a day in front of the screen probably have problems, whether they’re playing video games or the stock market. For starters, the person has lost contact with the real world.
4. You can’t stop watching
All stock traders are enthusiastic market watchers, but some traders can’t leave it. People who are crazy about trading always follow market behavior for fear of missing a deal. Today’s technology makes it possible to do it in real time, 24 hours a day, 7 days a week. If you find yourself constantly checking your investment or panicking while you’re away from your digital device for a while, you may need to expand your interest in life.
5. You are trading in secret
Addictives tend to be secretive because they know there is a problem. If you find yourself lying about what you are doing in your time, or hiding your trading activities from family and friends, you consider the fact that you have an addiction Have to.
6. You are ruining relationships
A implosive relationship can be a sure sign of an out-of-control addiction. Maintaining relationships is not easy for those who are awake and spending their time thinking about transactions or transactions. If you look up from your stock screener and realize that you are alone, you need to think that you are wrong.