Funny I just saw this YouTube video today
- How Dangerous Can Making Money Be? Day Traders face Addiction
Its something that has been spoken about by a few successful traders, addiction, obsession. I have seen a few 12 step programs and have been in contact with many of their participants, and addiction never ends well! If you can't step away, relax, do something else without thinking about trading, then there's a potential issue. The money factor has nothing to do with it! As Anton Kreil said (paraphrasing) there are a million ways to make a million" trading is one of those ways. https://www.youtube.com/watch?v=4a51wQAOGR4
- 10 Secrets to Achieve Financial Success
The few that make real money rarely
talk about it as in addiction, it seems to be those who are loosing that the label of 'Addiction' might come into play. If one isn't successful and is addicted, then that's an obvious problem ... you know the type ... the type who will trade/gamble the food money or rent. I don't believe in one should keep on trying. For the most part, and statistics show that most will loose in trading. Why would one want to continue ... to loose? they are those who simply don;t know that trading isn't for them ... as it isn't for most people!
I'm afraid trading is like anything else in life, the so-called successful will shout it from the rooftops, whilst making money from ever other revenue stream other than the stream they're claiming to be promoting, pushing the narrative of success, because they've worked out that its the 'Narrative' that makes money, not the money making solution. Another handful will just about make the grade, but the vast majority won't make enough to cover the price of a McDonalds happy meal, but continue to throw their money down the drain because they want to believe the success narrative.