IT’S NOT GAMBLING … OR IS IT? –
February 13, 2021 – Day trading can be very, very addicting! However, that doesn’t exactly mean that day traders are addicts. I myself am an addict. This March I will be sober six years. My drug of choice was alcohol. My name is Daniel, and I am an alcoholic. I started day trading when I was about 18 months sober. So needless to say that I already had my work cut out for me when I started to trade stocks. I was jumping into a very addicting way of making money. Already being a recovering addict, didn’t make my job any easier.
Someone who has no addictive behaviors or does not have an addictive personality, can become addicted to day trading. What does that mean? Well, to be very blunt, you can become addicted to gambling through trading. The rush of making $5,000 in a matter of a minute, can be extremely addicting! A lot of people work very hard every month to make $5000 in a month, you just made it in a matter of minutes. There is also the downside as well. You can lose $5,000 in a matter of a minute. If not controlled or taken seriously, this is gambling. It’s the same rush you get when you’re in Las Vegas rolling the dice or watching the next card come out at a blackjack table.