The individual made the choice to seek advice from experts at the Service for Healthy Use of Technology (SHUT) clinic after suffering a trading loss of more than Rs 30 lakh.
The trader had already suffered significant losses, but because of his excessive trading, he had spent all of his life’s savings and even had to borrow money.
(Representative Photograph).
The de-addiction clinic at the National Institute of Mental Health and Neurosciences (NIMHANS) in Bengaluru was contacted by a 39-year-old man who wanted to get assistance for his addiction to stock market trading and investing.
The Times of India quoted Dr. Manoj Kumar Sharma, professor of clinical psychology and coordinator of the SHUT clinic, as saying, “Unlike other cases like gambling or gaming addiction, we had to take a fresh approach to address the patient’s situation by understanding his problem in detail, as it was a first-of-its-kind case for us psychologists too.
In the past, the man had made accurate stock market predictions, the doctor said.
Although he had already suffered significant losses, the man’s excessive trading led him to spend all of his life’s savings and even force him to borrow money.
Stock trading issues are not within the purview of SHUT’s professionals, they acknowledged, but this was a dysfunctional issue.
- Given that the patient does not have any impulsive problems that call for medication, treating stock trading obsession is difficult for us.
- According to a renowned psychologist, there are two important considerations to consider in this situation: whether the person should completely stop trading or just engage in it in moderation.