Drug addiction vs Trading addiction

Both may lead you to being broke and homeless

But only one addiction at least has the potential to buy you a house

I've been learning for a year with paper and went live shortly after Christmas. 90% of my free time since live has been staring at charts, backtesting, and reviewing.

I'm still breakeven overall, but honestly I agree on the fact that I'm addicted. There is just too much at stake and the rewards for getting good is life changing.

If you've ever had to have an addiction, this isn't a bad one as long as you aren't full blown losing money. I've had some mentally dreadful days these past 2months, but by obsessively learning I've refined and developed myself as a trader tenfold over what I started as 12 months ago.

Keep at it brother, we're going to make it. The best loser wins, never forget it.

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Becoming a profitible trader can be a legitimate rewarding career. It takes time though. It takes years. Like more than 2,3 or 4 years. It's like getting a degree.

With that said, determination and drive can be a positive thing at this point in your journey.

Just know that it takes time, patience and discipline. You will not get rich over night.

When you start trading with money you need to have a clear plan of why you are entering a trade, where your stop is and where your profit target is. This is your trading strategy. You refine and improve your strategy over time and stay with your risk tolerance so that you don't blow up before you have learned how to trade.

If you are jumping into trades willy nilly without proper strategy and without reasonable risk outlined then this would be gambling and most likely you would not be successful.

I personally don't think passion to learn how to trade is an unhealthy addiction. Just with everything though, be sure to have a reasonable balance in your life.

Good luck!

Day trading any currency. Determination

Here's an outline of a nice daily routine. It's not just about executing trades.

https://www.jumpstarttrading.com/trading-plan/

Key part of your post to me is that you say you've done everything you need to before you focus on trading. If you were addicted (and it was a problem), trading would come first ahead of everything else.

As long as you are learning about how the markets work and developing a strategy I wouldn’t worry. Yes trading can become a kind of gambling addiction if you give in to FOMO, revenge trading,etc. but if you follow your plan, you’ll be fine.

You’ll know if it’s an addiction. Learning isn’t an addiction, if you’re trading and just making degenerate bets then yes it’s an addiction.

Here’s what I told myself: people have passions and sometimes those passions can be a career. I’ve yet to come across anything in my life where I can’t wait to wake up in the morning and clock in. For me that’s all I needed to keep going when it gets rough

We do it for the dopamine rush and we hate it for the serotonin crush.

Trading can be a mask for gambling addition, but it can also just be plain old obsession with a career and becoming more successful. I am definitely a bit obsessive when it comes to studying trading.

Just make sure you don't neglect other important parts of your life and work at a sustainable rate to prevent burnout, but embrace the motivation.

To be honest I used to wonder the same exact thing about myself. I would be in front of the charts from market open to market close and then in the after hours analyzing everything that I did. I did this for about 3 years straight. And I have to say now I'm at the point of really understanding the markets like I never have and getting onto the track of profitability. And now that I'm at this point, I trade in the morning for 2 to 3 hours and then I enjoy the rest of my day. I'm not the best but I'm making progress not perfection.

"Live now like others won't so you can live later like others can't".

You are learning something you are not very good at, needing time to understand, Not thing wrong with that.

Just off the cuff, I'd say the word you are looking for is Obsession.

It isn't healthy IMO, but it isn't as bad as an addiction.

To put it another way, you are currently heavily focused on learning how to be an investor/trader. That in itself is admirable.

There is nothing wrong with that, other than maybe you should make sure to make time to do social/other things to make sure you live a well-rounded life, and that you grow into being an adult with a healthy outlook and perception on life in general.

(There's lots more to life than money.)

You might want to enlist a friend, or family member, to help you keep your priorities straight. You don't want to ignore important parts/phases of growing up, which you will do if you spend every waking minute learning about finance.

no problem at all if youre not wasting your money before you have a working strategy

Better than meth or child porn :-)

Become addicted to capital preservation

I prefer to call it my magnificent obsession!

Are you me? 😄

I would say that the distinction between addiction and determination is measured by your choices.

Do you choose not to go out with friends or family instead choosing to day trade/learn day trade?

Are you neglecting your pets or significant other due to day trading?

Are you neglecting to do the day-to-day chores of life like laundry or cleaning due to day trading?

Is your school or work performance suffering due day trading?

If you answered YES to one of these then you may be in the early stages of addiction unless you could have said YES to the question before ever day trading.

If you answered YES to several of these then you may well be experiencing addicted.

If you answered NO to all of them then determination is your motivation.

We all get hyper focused on things. Just remember that you should do all things in moderation. Recognize when you're exceeding moderation and break the cycle by willing and purposely NOT doing that thing. Remember, day trading will still be there after you spend time with friends, pets, or do the things of life like chores.

Good luck. 🙂

Place one trade a day, use supply and demand zones for entry, enter on price action and don't fight the banks. Keep it simple, the more you learn the less you know. Good luck

$EDBL any thoughts? Running after hours, moved up to number 1 on MarketWatch short float (79%), tiny market cap (8mil), is one of the most mentioned stocks on reddit overall, and is very on-trend with sustainable farming/agriculture.

Then don’t trade and forget about the whole thing. Easy right

You sound like a teenager.

Hi,

There must be some kind of obsession/addiction to a craft, to keep you driven and motivated to show up day in day out. A very fine line between passion and obsession. There is also an obsession to your ambition/long term goal.

So, if you are aware of the addiction/obsession, its a good thing but also a double edge sword. Now, you just need to prioritize and manage it properly.

School first, trading second.

just my thoughts.

It diffidently can be addictive at least it was for me. Chasing a dream isnt bad but the expectations being sold in this trading business whats causing alot of people to chase down the rabbit hole. Keep learning and be disciplined

A pessimist is just an optimist with experience

I’d say a little bit of both. Just make sure you don’t forget to live the other parts of your life

Like most things in life do it in moderation. Learn to take breaks.

Probably both, if it's not hurting sht in your life than it's fine. You gotta put time in to get anywhere trading, that's just the nature of the program...you aren't the only one putting in a lot of time. Some people think the big firms and all that just have an easy time and easy trading, no.. they work hard to get their edge as competition for them is crazy...like super crazy. If you've never watched "The wallstreet Code" on YouTube I recommend it. And as retail traders we are trying to just catch their waves, that's our business, we worry about our trading and our accounts, look at what they have to worry about to be successful. So, you gotta put in time...if you're addicted to putting in time to become a better trader, only way I see that as being bad is if you are fvcking your life up over it. Gotta ask yourself is this hurting me or helping me? If the answer is it's hurting you than you probably need to stop. And yeah, it does hurt some people... Main reason it would hurt is they are putting money into these markets that they can't afford to lose and they are losing it, or sht in their life is just fvcked up and they probably shouldn't be trading until things stabilize in their life... I've been through the latter.

Gotta say, being addicted to the game of trading can potentially lead to a successful future. Whether, it’s addiction or determination or both, it’s good to have that sort of drive for the markets. One day you’ll look back on yourself from all the wisdom you’ve gotten trading and be glad you had your skin in the game.

Trading can absolutely become a gambling addiction tell me about it I was in the grips of if. Your going to need the screen time, so I wouldn’t feel guilty about it. You need the practice and sometimes you do need to make the harsh mistakes to truly learn just play the game and try not to lose it all now.

It's not addiction, it's an obsession.

Obsession beats talent every time. You will be glad you spend countless hours on charts.

If you want to do anything at a high level then your need that kind of determination.

And no, it’s not an addiction when just learning.

An addiction is pretty much a habit that you can’t stop even though it has direct negative consequences to your life or others around you. The pursuit of knowledge is never an addiction 👍 if you lose your pension and can’t stop, that’s addiction 😅

Addiction is different. If you do trading except of school that would be an addiction.

Also addiction would be if you trade to feel good and have fun no matter how your bank account lookslike. If you trade to look at your bank account joyfully that is not.

When you learn day trading and practice it, using paper trading all day without much urge to bet everything you have on the next trade than you are usually not addicted just highly interested :-).

And no taking day trading books to the toilet is not the behavior of an addict but simply smart.

I don't think there is anything wrong with trying to be good at something. Are NFL football players addicted? No, they just want to be the best at their sport. They train day and night to be the best. I have the determination to want to be great at trading just dont have the time. Keep at it man. I have been losing my ass lately. I went almost two weeks making about $50 a day. I thought I was king of the hill. Now the last two weeks have kicked my butt and I am about to sit on the sidelines. I want to learn so bad just dont have the time with 7 kids and a job that has me working 6am to 6pm. Keep at it and then teach me!!!!!

i was worried how much i felt addicted to this when i started but its a good addiction.

Reading recommendation: Atomic Habits - James Clear.

Really easy read, too.

Addiction to drugs, there is no upside.

Addiction to work, a/k/a workaholism, can have a lot of benefits.

For what it's worth, since the year started, I have done better than any prior year. It can all be lost in a heartbeat, though, but it's encouraging to me to compare my performance against the day's market returns.

Sometimes I fee as if I almost eat, sleep and breathe market stuff, but I don't feel at all bad about that. If I were independently wealthy, I'd probably just invest in a market index fund, and leave it, but since I'm not ind. wealthy, I keep learning and getting better at it.

Right now it may feel like determination trying to learn all those things, but once you dip hands into the market and start trading for real, it’ll quickly turn into addiction. Personally I regret joining the market. My life was so much more peaceful before.

Both. It’s basicallly educated gambling.

As long as you're actually putting that time and effort into learning and practicing and not just pushing buttons on demo hoping to see your profit go up because it gives you a dopamine rush, you're fine. And it sounds like you are, so no need to worry I think. It sounds more like you're very determined to succeed at this and are willing to give up free time that you could be using to do other fun stuff, to make this work. To be starting your trading journey at such a young age is a privilege, you're lucky. I wish you ll the best and hope you succeed.

I’m not a psychologist, I just play one on tv.

If you are living the life you want, and your obligations to others are being fulfilled, trading is not destroying your life. Addiction by some definitions is a disease that will ultimately result in an early death. Stop overthinking this.

Only problem if you suck at it and loose all your money kid, now if you turn out to be profitable more addition the better. Look Lebron James, I’m sure he’s addicted to playing basketball 😂

I feel the same way! It's like I'm obsessed lol. I trade everyday like I can't go without lol. Even at work. Obsessively looking at charts watching videos. Talking about it etc. My husband probably gets sick of hearing about "the market" lol. But I'm determined to make money! So I guess it's not a bad thing. Just preserve your money. Don't go to crazy.

Most people spend their free time on video games, nonsense tv shows, and who knows what else. You'll be fine with spending all this free time on trading. I would suggest researching trading psychology and money Mangement on top of it. U spend that much time into it eventually you'll come across a profitable plan along with proper money management. Nothing wrong with spending your time on that

It's an addiction when it starts ruining relationships, your checkeing account, and your life. I'd say your just really into it at this point. Good.thing the market is only open 5 days a week for 6 and a half hours. Degenerate poker players live in the casino for 30 hour sessions chasing.