Quote from Businessman:
You mention compulsive gambling.
There are more traders addicted to the action than would care
to admit.
Unlike other forms of gambling, the trader thinks he is either
investing or running a business. The gambling element and
addiction creap up on the failing trader without them realising it.
The constant winning and losing, highs and lows, the body
gets addicted to the adrelenin and endorphins constantly
being pumped through the system.
The lack of action in other parts of a traders life make them
feel hollow when they are out of the market.
Then theres also the point of no return, youve spent years
trading, lost large sums in the market and probably alot more
in oppurtunity costs (giving up your day job or neglecting a
promising if otherwise boring career). So you feel you cant
quit, all that effort would be wasted. After all you spent all those
years learning from your mistakes and going through all that
pain. To just give up would mean all that was for nothing.
I suppose life after (failed) trading for a lot of people is the same
for the majority of people in life who have (monetary) dreams
they work hard for and never attain (or attain and then lose),
you join the ranks of lifes losers and your life from then on
becomes a constant struggle.
and testing new systems...
