Signs of online trading addiction

Discussion in 'Trading' started by 1st_samurai, May 30, 2004.

  1. "The following are the warning signs of a possible online-trading addiction:

    · You're a thrill seeker and enjoy the challenge of trading as much as — and maybe even more than — making money.
    · You're a big risk-taker, willing to gamble large sums of money on a few stocks.
    · You invest heavily on margin and are probably overextended on other credit lines.
    · You have unrealistic expectations about a stock's prospects for increasing in value and the general direction of the market.
    · Family members and friends express concern about your trading.
    · You try to erase your losses by taking bigger risks."

    The last item is known as doubling up/ averaging losers. People that do that tend to have a gambling problem.
  2. Good points mostly but my family has always expressed concerns about my trading and will undoubtedly continue to do so even when I make more in a year than each of them has made in their entire lives. Some people just can't understand risk taking and think that being a part of corporate america with the pension that comes with it should be the way to go. lol!
  3. Lao Tzu

    Lao Tzu

    Unconquerable is the obsession
    From receiving money for nothing.