The stock market has always been a world full of ups and downs, in which immense gains alternate with bitter losses. But a worrying development has emerged in recent years: more and more traders are confronted with psychological stress and are seeking therapy.
More and more traders are receiving psychological treatment
A report from Business Insider reveals that an increasing number of professional traders are relying on psychotherapeutic support to deal with the psychological challenges of trading. The report not only highlights the increase in the number of traders seeking psychological help, but also points to a worrying phenomenon: the number of positive drug tests among industry employees is increasing. These developments highlight the profound psychological stress that traders face.
Great responsibility and a lot of stress
The reasons for these alarming trends are varied, according to Business Insider. On the one hand, the focus is on the immense responsibility that professional traders operate under. Trading volumes often reach considerable heights, meaning decisions have to be made involving large sums of money. This great financial responsibility comes with enormous pressure, which often leads to psychological stress. Added to this are the exceptionally long working hours, which often make it difficult for traders to balance work and private life. The constant price fluctuations and the need to keep an eye on the markets around the clock contribute to chronic stress levels.
Turbulence in the stock market and Job cuts
This trend is not entirely new, but it has become more pronounced recently, reports Business Insider, citing psychologist Créde Sheehy-Kelly. There have been previous reports of traders struggling with the psychological challenges of the market, but the increasing number of those requiring professional help is notable.
According to Business Insider, the year 2022 is also to blame. Marked by turbulence on the stock markets and ongoing stress for traders, the long-lasting trend of a steady upswing with record profits abruptly stopped. These abrupt changes would have caught many traders unprepared and led to massive uncertainty. At the same time, there is a trend towards job cuts within the industry, which is putting additional pressure on the remaining traders, according to Business Insider.
Editorial team finanzen.net