{"id":3463,"date":"2021-08-31T06:00:19","date_gmt":"2021-08-31T11:00:19","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=3463"},"modified":"2021-09-07T11:39:55","modified_gmt":"2021-09-07T16:39:55","slug":"episode-215-addicted-to-trading","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/episode-215-addicted-to-trading\/","title":{"rendered":"Episode 215: Addicted to Trading: Identify Your Demons Before You Hit Rock-Bottom"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm?e=STT4630332458\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><b>There\u2019s something many newbie and veteran traders have in common \u2014 they\u2019re addicted to trading. <\/b><span style=\"font-weight: 400;\">It\u2019s all too easy to fall into the trap.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hosts Kim Ann Curtin and Stephen Johnson continue with part two of their <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-214-developing-a-strategy\/\"><span style=\"font-weight: 400;\">four-part<\/span><\/a><span style=\"font-weight: 400;\"> series on common trading errors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This episode gets into what happens when we lose discipline and fall into overtrading. Look, trading\u2019s fun \u2026 It\u2019s easy to get addicted to trading. But sometimes we regret it afterward.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We can start the day with the best intentions, all the <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-206-peter-atwater\/\"><span style=\"font-weight: 400;\">confidence<\/span><\/a><span style=\"font-weight: 400;\"> in the world, and the experience to know better \u2026 But if we\u2019re not careful, we can still wind up chasing a trade.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tune in to this week\u2019s episode to find out why it happens and how to take back control of your trades.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Why Do We Get Addicted to Trading?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Kim\u2019s on a mission to help traders understand their <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-163-what-makes-trading-click\/\"><span style=\"font-weight: 400;\">real needs<\/span><\/a><span style=\"font-weight: 400;\">. She believes there\u2019s something deeper we\u2019re looking for when we get addicted to trading.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen sees things a bit differently. He says traders get complacent \u2014 they get <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-189-the-buy-side-with-turney-duff\/\"><span style=\"font-weight: 400;\">numb to money<\/span><\/a><span style=\"font-weight: 400;\">. They don\u2019t really feel the loss of $300 on a bad trade. But if it came from a job, they\u2019d see that it could go a long way.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim and Stephen agree that trading gives a dopamine rush. And Stephen compares the habit to eating junk food when you\u2019re on a diet. Sometimes it feels good, and sometimes it doesn\u2019t.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tune in to find out the number-one question Kim wants traders to ask themselves after bad trades.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/lp.stockstotrade.com\/market-grind\/\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-3437 size-full\" src=\"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2021\/08\/MarketGrind_cv02_728x90.jpg\" alt=\"\" width=\"728\" height=\"90\" srcset=\"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2021\/08\/MarketGrind_cv02_728x90.jpg 728w, https:\/\/www.steadytrade.com\/wp-content\/uploads\/2021\/08\/MarketGrind_cv02_728x90-480x59.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 728px, 100vw\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">Is Trading the Ultimate Thrill?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Stephen says nothing compares to the feeling of <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-171-interview-with-kris-verma\/\"><span style=\"font-weight: 400;\">nailing a trade<\/span><\/a><span style=\"font-weight: 400;\">. There\u2019s no substitute way to get that need met.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim accepts that Stephen\u2019s addicted to trading on another level. But she prompts him to think about successful trades differently.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen says the unpredictability of the market lures you into making poor trades. <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-192-how-to-build-trading-discipline\/\"><span style=\"font-weight: 400;\">Discipline<\/span><\/a><span style=\"font-weight: 400;\"> isn\u2019t always rewarded. Sometimes it\u2019s up to chance and you want to try your luck.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen\u2019s a tough nut to crack but Kim doesn\u2019t back down. She tells a powerful story of a couple of adventure-seeking clients she helped to recognize when they were overtrading.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What\u2019s Really Going On?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Kim reminds us that quality work takes focus. To accomplish that, she shares advice from a treasured book: &#8220;<\/span><a href=\"https:\/\/amzn.to\/3Bet8cJ\"><span style=\"font-weight: 400;\">Do Nothing: How to Break Away from Overworking, Overdoing, and Underliving<\/span><\/a><span style=\"font-weight: 400;\">&#8221; by Celeste Headlee.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen understands the need for a dopamine detox. He literally dives into cold water to get back in the present moment. He says you forget you\u2019re <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-208-brian-lee\/\"><span style=\"font-weight: 400;\">addicted to trading<\/span><\/a><span style=\"font-weight: 400;\"> when your mind\u2019s focused on how cold you are.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim offers up a few of her favorite activities to renew, refresh, and <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-167-hard-trading-truths-with-dr-daniel-crosby\/\"><span style=\"font-weight: 400;\">reboot her mind<\/span><\/a><span style=\"font-weight: 400;\">. And they\u2019re much more relaxing than an ice bath.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Plus, Kim and Stephen close out the show with an effective way to learn from your mistakes without triggering your defensive side. You\u2019ll want to learn this Jedi mind trick!\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What Do You Think?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Are you addicted to trading? When do you make your best and worst trades? Does your <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-151-jason-apollo-voss\/\"><span style=\"font-weight: 400;\">intuition<\/span><\/a><span style=\"font-weight: 400;\"> match your <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-153-airplane-jane\/\"><span style=\"font-weight: 400;\">trading plan<\/span><\/a><span style=\"font-weight: 400;\">?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We love to hear what you think, so drop a comment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/user\/stockstotrade\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Into this episode? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n<h3><span style=\"font-weight: 400;\">Meet Our SteadyTrade Hosts<\/span><\/h3>\n<p><a href=\"https:\/\/www.steadytrade.com\/about\/\"><span style=\"font-weight: 400;\">Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Follow our hosts on social media\u2026<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Tim Bohen<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/tbohen\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/tbohen\/\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Stephen Johnson<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/Jonk87\"><span style=\"font-weight: 400;\">@Jonk87<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/stephenjonk87\/?hl=en\"><span style=\"font-weight: 400;\">@stephenjonk87<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Kim Ann Curtin<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/kimanncurtin\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/kimanncurtin\/\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n<h3><span style=\"font-weight: 400;\">Disclaimer<\/span><\/h3>\n<p><i><span style=\"font-weight: 400;\">*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s something many newbie and veteran traders have in common \u2014 they\u2019re addicted to trading. It\u2019s all too easy to fall into the trap. Hosts Kim Ann Curtin and Stephen Johnson continue with part two of their four-part series on common trading errors.\u00a0 This episode gets into what happens when we lose discipline and fall [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":3464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Episode 215: Addicted to Trading: Identify Your Demons Before You Hit Rock-Bottom - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"There\u2019s something many newbie and veteran traders have in common \u2014 they\u2019re addicted to trading. 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