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Addiction to trading
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Addiction to trading

  #11 (permalink)
Trading Apprentice
western NY
 
Futures Experience: Intermediate
Platform: NinjaTrader, Python
Favorite Futures: equities, bonds, currency, commodities
 
Posts: 42 since Apr 2015
Thanks: 9 given, 25 received


DrewDown View Post
I like Dr. Elder's line here. "A good trader is like a cold, card-counting poker player. Making money game after game by folding most rounds and acting when he sees an opportunity." You wouldn't call the card counter the gambler, would you? At least not compared to someone who keeps feeding the slot machine and pulling the handle, indifferent to the odds and addicted to the chance?

Of course a card counter is a gambler. If your gambling strategy is -EV or +EV you are still gambling.

The fact people have sex addictions doesn't mean much for sex as a whole though.
Almost any behavior can be pathological.

The difference between trading being an escape and trading being something you are completely absorbed in has more to do with your life outside of trading than with trading itself.

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  #12 (permalink)
Trading Apprentice
Novosibirsk + Siberia/Russia
 
Futures Experience: Advanced
Platform: ThinkorSwim, TWS.
Broker/Data: IB, TOS.
Favorite Futures: ETF, Stocks, Futures, Options
 
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Posts: 21 since Oct 2012
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Darthtrader4beta View Post
Of course a card counter is a gambler. If your gambling strategy is -EV or +EV you are still gambling.

The fact people have sex addictions doesn't mean much for sex as a whole though.
Almost any behavior can be pathological.

The difference between trading being an escape and trading being something you are completely absorbed in has more to do with your life outside of trading than with trading itself.

Some activities still have higher risk of addiction development. At least neuroscience evidence confirms that.

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