TOTW Are you addicted to trading?

itspossible

Senior member
2,796 569
For the record my experience was as follows(rough figures only)
2000 minus-5k-Traded shares during the high tech boom .
2001 plus 5.2k-spreadbeting and cfds
2002 & 2003-plus £400
13 dec 2003-Retired from the glorified casino when i was shorting the dow over the weekend of saddams capture.
A massive profit of £600 for 3yrs of trading
account size was 20k at one point
strict stops were always used
On paper it looks like a waste of time but im glad i gained the experience to be honest.
I have the utmost respect for the private trader whether winners or losers.
I enjoy the sidelines now .
Above is from another thread.I would say that i used to be addicted and that the market action affected my life.I should have put more energy into other things to be honest.I was very very lucky and managed to make a little.Due to a large equity drawdown and then recovery i decided to pull out some funds and pay off some of my mortgage to protect myself from losing.The market movements interest me but i realise that its difficult to control emotions and make money.i do not worry about the markets now and just love spending time with my family and tennis.ive got a demo running but i very much doubt ill get back in as i want to protect my savings now and not blow them.
 
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Luc.Chase

Member
84 3
So long as one is serious about wanting to trade well... and can manage risk properly, addiction can be a good thing in helping one to stay focused and determined for the many years it will take to become successful at this profession. I suppose the important thing to be careful of is what you expose yourself to in case you become addicted to something that can't benefit you or help you reach a worthwhile goal in the long-run. For some, trading is a kind of spiritual journey in the discovery of oneself. Recognise the good and bad side of so called addiction, impulsiveness, impatience, anger, sadness, pleasure, greed, fear, bias, boredom, confusion, certainty, ego and use them all as a indicators of how you should decide to act before your next trade.
 
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gerryg

Established member
900 7
So long as one is serious about wanting to trade well... and can manage risk properly, addiction can be a good thing in helping one to stay focused and determined for the many years it will take to become successful at this profession. I suppose the important thing to be careful of is what you expose yourself to in case you become addicted to something that can't benefit you or help you reach a worthwhile goal in the long-run. For some, trading is a kind of spiritual journey in the discovery of oneself. Recognise the good and bad side of so called addiction, impulsiveness, impatience, anger, sadness, pleasure, greed, fear, bias, boredom, confusion, certainty, ego and use them all as a indicators of how you should decide to act before your next trade.

Exactly, I raised similar point in some of my t2w threads, but it's drawn not much attention. What I want to say is that addiction maybe most powerful tool you may use in your trading as it helps you to stay cool even when you take serious losses. Very important for our full of risk sphere of occupation.
 

bullsandbears

Newbie
7 0
If you are addicted to take the trades within your system, rules and risk reward.. addiction is a wonderful thing :D
 

MajorMagnuM

Legendary member
9,284 888
tbh, since ive begun trading i gamble less and see most things in life as simple risk reward.
eg, took the family skiing last year but did not bother to do so myself. Why? because the risk of a broken leg and the inconvenience it would cause to the running of a busy family far outweighed any potential fun.
 

archiemishra

Junior member
39 0
Addiction and attention both are different things, so I think that I am attentive while trading but I am not at all addicted. And i am a part time trader so can not give more time for trading.
 
 
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