In lieu of another stock recommendation, here's some emotional and psychological self-care. As many of you already know, the rush of dopamine involved in making money while trading is basically identical to the rush of dopamine you get at slot machines or while doing stimulant drugs like cocaine (this Investopedia article goes into more detail).
Many members here love the thrill and can handle the pressure. However, if you feel like you are struggling with controlling your emotions and that they can seriously get in the way of your financial well-being, consider taking this short test below to see if you need to get professional help. These questions come from a website specializing in addiction and I've assigned a scale of 1-10 (1 being least applicable and 10 being most applicable) to each question, adding up to a total of 100.
1. Do you take increased risk without specific trading strategy and/or make bigger wagers in order to get more satisfaction and excitement?
2. Are you obsessed with researching and are constantly pre-occupied with tracking the market?
3. Do you find yourself losing interest in social and leisure activities that you once found pleasurable at the expense of trading?
4. Do you ever trade purely for adrenaline rush?
5. Have you had unsuccessful attempts at reducing your time spent on trading and trading related activities and/or made any unsuccessful attempts at abandoning trading entirely?
6. Do you ever trade impulsively (chase, FOMO etc.) and find it hard to resist?
7. Do you experience stress, anxiety, a low mood, irritability, or other unwanted and unhealthy mental health symptoms when not engaged in trading?
8. Are you ever hiding your trading from your loved ones and/or lie about it to them?
9. Do you ever take extra loans, sell assets, or use money that should be spent on necessities to pay for lost trades?
10. Have you ever continued to trade despite clear adverse consequences that trading had on your financial stability, relationships, or physical and mental wellbeing?
Generally, if you score above 80 it might be a good idea to reach out to your close friends/family and ask for help. There is no shame in doing so. Remember that recognizing a problem is a sign of strength and perseverance. Alternatively, if you need someone to talk to anonymously, feel free to message me.
This is coming from a place of care and from someone who is big on mental health and I hope will be of use to some. I wish all of you guys my best. Stay strong.
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