Trading Psychology : Addicted to trading ?

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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Derek27
Posts: 3624
Joined: Wed Aug 30, 2017 11:44 am
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Sun Dec 31, 2017 2:02 pm

Hi All,

Having endured 24 hours of not trading on Christmas day, I looked at the forum and realised I'm not the only one suffering the withdrawal symptoms. So I thought I'd raise the questions, is trading addictive and is there such thing as a harmless, or even a positive addiction, such as, an addiction to something you are successful at ?

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northbound
Posts: 561
Joined: Mon Mar 20, 2017 11:22 pm

Sun Dec 31, 2017 2:18 pm

Life is not worth living unless you find something to die for.

Obsessions and addictions are good, especially the ones with potential to make you money, such as trading.

From my experience, people that tell you otherwise are usually boring people that never say anything interesting. Linear thinkers. The ones that never take risks. Afraid of LIVING, afraid of DYING.

I consider myself lucky to have an obsession with trading, because it keeps me alive.

spreadbetting
Posts: 1857
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Sun Dec 31, 2017 2:30 pm

I'd guess for most people on here it's just a few spare hours on a Sunday afternoon rather than the fact they've gone cold turkey for a few days :)

Can't imagine any addictions are healthy, an addiction implies you're always searching that uncontrollable urge for instant gratification whether it's the thrill of the chase or highs/lows of gambling. I've always seen trading as a means to an end rather than something I crave. I think when you first start trading it does get all consuming as you see the possibilities and have hundreds of ideas churning thru your head. But once you've found your winning strategies it's like Peter's said on many occasions it becomes hard to resist the lure of a fruit machine that always pays out especially if there's no better option at the time.

Trading's certainly not something I'd want to die for.

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ShaunWhite
Posts: 3796
Joined: Sat Sep 03, 2016 3:42 am

Sun Dec 31, 2017 4:33 pm

I deliberately haven't had a single trade for 2 weeks. I was seriously overtrading anything and everything. First 3 days were a bit tough but feel much more in control and refocused now. Bit nervous about resuming as I feel a bit rusty but that should fade pretty quickly. It's been good catching up on some reading and spreadsheeting that was being neglected. I'm still 'addicted' to trading and that's a good thing, you need to love what you do, but not addicted to clicking the mouse for the buzz as this last two weeks have hopefully shown.

maycontainnuts
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Joined: Wed Oct 10, 2012 5:58 pm

Sun Dec 31, 2017 4:51 pm

Trading is all about patience and waiting for a trade. So if you are addicted thats probably not a great thing.

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Dallas
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Sun Dec 31, 2017 5:01 pm

There is a fine line between being addicted and being passionate and I would tend to agree being addicted is not ideal

Peter is one of the few I know that has always remained committed while still being able to manage his valuable family time.
Trading is lonely enough without alienating yourself further from those your closest to

Derek27
Posts: 3624
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Sun Dec 31, 2017 5:06 pm

I suppose it's a question of whether you are addicted to the act of trading or the success/thrill it brings.

I take comfort in the fact that many of the worlds best guitar players were probably addicted to playing it. I don't know if it's true, but I heard Jimi Hendrix would carry on playing the guitar even when he was sitting on the toilet, and Mark Knolfer at one time spent hours of the day looking through guitar magazines. There's a fine line between addiction and obsession, but it was probably such obsession that make those two guys the musicians they became.

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northbound
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Sun Dec 31, 2017 5:20 pm

Derek27 wrote:
Sun Dec 31, 2017 5:06 pm
There's a fine line between addiction and obsession, but it was probably such obsession that make those two guys the musicians they became.
+1

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Crazyskier
Posts: 446
Joined: Sat Feb 06, 2016 6:36 pm

Mon Jan 01, 2018 11:12 am

Dallas wrote:
Sun Dec 31, 2017 5:01 pm
There is a fine line between being addicted and being passionate and I would tend to agree being addicted is not ideal

Peter is one of the few I know that has always remained committed while still being able to manage his valuable family time.
Trading is lonely enough without alienating yourself further from those your closest to
Wise words, as is often the case from Dallas

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Kafkaesque
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Joined: Fri Oct 06, 2017 10:20 am

Mon Jan 01, 2018 2:09 pm

Some interesting thoughts on passion vs addiction. I'll put myself out there and give two examples that I've felt myself.

One, I remember being on a two-week vacation with my girlfriend and family. As the final day arrived and daily life was looming large, everybody else was like, oh man I don't want to back to work. While I couldn't wait to get back to the grind, despite at the time not even really needing the money, I would earn from it. It didn't mean, I hadn't enjoyed the two weeks away, but I was still eager to get back to it. That, for me, is passion.

Two, being at anniversary dinner at a nice restaurant or at family birthday for a child, while your mind is elsewhere and you'd really rather be doing that something else. That, for me, is addiction.

Thankfully, through lots of work, which is a continious process, I've gotten to where scenario one is always the case. The key for me is being passionate about something in your life, but only when you do it, because there's always going to be so many other at least as important things in your life. If not, the passion will soon enough end up as a empty feeling and an escape route.

Anyone claiming in any way, shape or form, that addiction is good, needs - to be blunt - a flipping reality check. And have in all likelyhood never come close experiencing addiction on their own mind or someone close to them.

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