What Should I Do If I Have a Day Trading Addiction? Depending on the individual and their relationship with day trading, it may be something that they can learn to develop a healthy and balanced relationship with, or in other cases it may be something that they need to cut out of their life completely. In either case, there are many lifestyle changes that will need to take place, and in some cases professional help may be required.
There are many practical things one can do to help curb a trading addiction such as deleting, blocking or removing devices, apps and websites that were being used to trade. One may also choose to have their funds monitored by a trusted loved one, or moved to a loved one’s bank account in the early stages of recovery. It will also be very important to find other outlets of pleasure such as by re-engaging in social or leisure activities that were pleasurable in your past or engaging in a new hobby. This will also help reduce feelings of boredom and loneliness that can often trigger a relapse. Be mindful to remove triggers such as blocking social media content related to trading and staying away from financial related media on television, radio and print. Also, find mechanisms of self-care such as by focusing on your nutrition, exercise, hygiene, sleep and relaxation through sources such as reading or meditating.
Due to the disruption of the brain’s reward system that day trading can cause, as well as the damage done to the brain circuits involved in impulse control in the prefrontal cortex as well as neurally imbedded associations and memories that are formed with trading, relapse rates for day trading are very high. Miniscule things that may not even enter the conscious mind can trigger urges and cravings to engage in trading. As such, professional help from an addiction specialist may be needed.
Addiction specialists such as addiction psychiatrists, addiction therapists, or other such mental health professionals who specialize in gambling disorders and other addictions can utilize a variety of psychotherapeutic modalities to help individuals reduce cravings, cope with triggers, and build a healthier lifestyle. For example, Motivational Interviewing may be utilized to help individuals better understand why their relationship with trading is problematic. Cognitive Behavioral Therapy is often used to help challenge and change unhealthy or unhelpful thoughts, feelings and behaviors associated with trading. Medications such as anti-depressants or mood stabilizers can also be helpful to treat problems that often coincide with gambling such as ADHD, bipolar disorder, anxiety and depression.
Group therapy is also a common form of day trading addiction treatment. Group therapy allows for likeminded individuals to establish a sense of universality and recognize that they are not alone in their thoughts, feelings or behaviors. Group therapy can be especially helpful in relieving feelings of guilt and shame that may be associated with a trading addiction. Group members are able to give and receive support to one another in a meaningful way. Similarly, mutual help groups such as Gamblers Anonymous, SMART Recovery, and Refuge Recovery can be very beneficial.
For more information on day trading addiction please read "The Ultimate Guide To Day Trading Addiction And Recovery" as well as Family Addiction Specialist's "Cryptocurrency, Day Trading, and Gambling Recovery" service page.
For more information on day trading addiction treatment and to find the best day trading addiction counselor, or for general therapy and mental health counseling, or to inquire about Family Addiction Specialist’s private concierge sober coach, recovery coach, sober companion, addiction therapy services and/or teletherapy services (online therapy/virtual therapy), as well as hypnosis services in New York City or worldwide please contact Family Addiction Specialist's undisclosed therapy office location in the Upper East Side of New York City today at (929) 220-2912. Individuals and family members can be served in-person or virtually worldwide.