As the headline suggests, I realized 2-3 years ago that I am somewhat addicted to daytrading. Even though I knew 95% lose money and all data showed the undenieable fact that I am not within remaining the 5%. Not trading seamed not like an option for me. The usual high execution fees when trading stocks and futures forced me to always use pretty high collateral in order to get into gains within reasonable price daily volatility. Alt coin crypto actually helped me to get my addiction into control over a time frame of about 2 years and leave classical trading platforms for good.
Over the last years I invested in alt coins that usually payed staking rewards, in the best case on a daily basis. Trading stocks with about 20$ for order fees meant that I had to invest at least 300-400$ in order have a chance to win. Withing some blockchains it is possible to make trades with fees less than 0,1-0,5$ eg. on Binance Smart Chain, Cosmos/Osmosis etc. So these daily 10$ are actually enough volume for daytrading alt coins and having about the same chance of winning.
The daily activity using my daily staking rewards helped me to deal with my trading addtiction, the dopamine dosis did seem basically uninfected and curiously seemed to be independent of the actuall $ value I am betting. The 10$ a day is still a lot of money over the years, dont get me wrong, but it is by far less when trading stocks and futures. Blockchain tech empowered me to trade with values that are so low that losing was not that much of an issue anymore. And since I am trading alt coins with a large volatilty and not futures where you can lose everything and not just 90% like in crypto, it put me actually in a position where I am not losing evertything anymore but actually became a crypto investor and not a trader anymore. I am in the red after all, let me be clear here.
Somehow somwhat this daily activity also made me realize over the years that daytrading is a waste of time and I can make it through a couple of days now without the need for trading. Knowing daytrading makes no sense and acting accordingly are two completly different thing. Of course I check charts daily, but overall crypto made me cope with my trading addiction in a positive way due to its cheap trading fees.
Thanks for your time, felt like I had to share that. Hopefully you trading addicted make it through today without losing anything! Try the method above maybe, it reduces your losses and makes you realize daytrading is BS afterall. If you have any other method that worked for you over the years let me hear your story, would like to read it!
Good luck all you degens!
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