How many hours a day do you dedicate to trading? Are you constantly staring at the monitor and looking to trade the market? Do you think you are addicted to the market or just interested in it?
Identifying a person who is addicted to trading may seem difficult, but there are telltale signs that indicate that a person is addicted to trading. This article will tell you how to tell if you or someone around you is addicted to the financial markets or not. If any of these things apply to you or those around you, consider it as a warning and, if necessary, seek professional help.
1. You are playing slots
Smart traders have strategies. They follow a sound and long-term investment plan. Yes, the goal is to make as much money as possible, but your laptop is not a slot machine. People who are addicted to trading get so wrapped up in chasing an instant payback that they make risky and costly trading mistakes and become gamblers.
2. You need great results
This is the nature of addiction. The dose should be increased each time to reach the same high level. Every trader who is addicted to financial markets must make bigger and riskier deals in order to move at the same speed and get more profit, but it must be said that this issue does not end well.
3. You cannot stop the trade
Online trading has made it easy, cheap and convenient, which makes it easier to get addicted. Someone who spends 12 or more hours a day in front of a monitor probably has a problem, whether that person is playing video games or the financial markets. For starters, it means that the person has lost touch with the real world.
4. You can’t stop looking
All financial market traders are avid market watchers, but some cannot separate themselves from it. People who are addicted to trading constantly follow market action for fear of missing a trade. Today’s technology makes it possible to do it 24 hours a day and in real time. If you find yourself constantly checking your investments or panicking when you’re away from a digital device for a short period of time, you may need to expand your interests in life.
5. You trade secretly
Addicts usually hide because they know they have a problem. If you find yourself lying about what you do with your time or hiding your business activity from family and friends, you need to consider the fact that you have an addiction.
6. You are ruining relationships
A broken relationship can be a sure sign of an addiction that is out of control. Maintaining human relations is not an easy task for a person whose waking hours are spent in trade or thinking about trade.