I guess with the death of Rene Rivkin very much in the media, it poses the question of traders mental health. I do beleive that trading on the stock market increases health issues in those who are risk of or who have developed metal health issues.
Even in the sain of us I am sure that we can all vouch for those sleepless nights worry about a stock, the what if?, should I have done this? or should have, would have but didn't scenario. The skipping of the heart when you have just traded, and waiting for the share price to go up. The sweat pouring of you and the stress in the head while heavy trading.
Ok... so here is a little of myself that I will reveal....I suffer with depression and anxiety attacks. Both of these condidtions are made worse with the impact of trading on the stock market. People tell me time and time again that a person of my nature should never trade on the market, due to the risks.
It does pose greater questioning, any comments?
wayneL
2nd-May-2005, 02:55 PM
I guess with the death of Rene Rivkin very much in the media, it poses the question of traders mental health. I do beleive that trading on the stock market increases health issues in those who are risk of or who have developed metal health issues.
Even in the sain of us I am sure that we can all vouch for those sleepless nights worry about a stock, the what if?, should I have done this? or should have, would have but didn't scenario. The skipping of the heart when you have just traded, and waiting for the share price to go up. The sweat pouring of you and the stress in the head while heavy trading.
Ok... so here is a little of myself that I will reveal....I suffer with depression and anxiety attacks. Both of these condidtions are made worse with the impact of trading on the stock market. People tell me time and time again that a person of my nature should never trade on the market, due to the risks.
It does pose greater questioning, any comments?
This is a good point krisbarry, and there are some personalities who should not be traders.
I do know of other traders who have had severe issues because of trading, including suicide.
Trading certainly will expose any personality weakness's in all of us.
Part of the process of trading I believe is getting to know yourself, and which style of trading is best for our own particular personality.
No matter which trading style one chooses, there are still head issues 5to overcome. We all have them, and apart from the actual matematical/expectancy issues, it how well we overcome these head issues which will determine our success.
The tough point in trying to help other traders is that each of us are entirely different and what helps me psychologically mightn't help anyone else and so on.
But as an aside, I think a lot of these issues exist in many businesses. Stress is not exclusive to trading. When I was in conventional business, I found it was FAR more stressful than trading.
Just a few of my thoughts.
Cheers
tech/a
2nd-May-2005, 07:33 PM
There are simple ways to eliminate stress.
IN TRADING.
Trade within your means
IN BUSINESS
Delegate
IN FINANCIAL MATTERTS
Payback Bad debt and have good debt work for you.
Aim for no debt and passive income
IN MARRIAGE
Dont ask me Ive been divorced twice!!
A classic.
Humans are so dumb
They do the same thing
day in day out and
Expect a different result.
