Monday, August 03, 2009

TraderFeed: Trading Addiction: The Side of Trading That Few People Discuss

I have thought this before and thought we mentioned it but a quick search could not find it, so will include again. It does fit the behavior you see regularly with traders. They crave the adrenalin rush and the "fun" that comes with trading.

TraderFeed: Trading Addiction: The Side of Trading That Few People Discuss:
"Take the trader who loses money in a downward spiral through the day, without ever taking a break or exercising restraint. How is that different from someone who drinks themselves into a coma or who gambles away the family paycheck? The circular dynamics are identical: out of control behavior, unwanted and negative consequences, remorse and guilt, efforts at control, eventual relapse and loss of control."


Thanks to MoneyScience for pointing this out.

No comments: