Beware! You Might Get Addicted To Share Market

With increased financial literacy among people, investing in stock market has been a common thing in Nepal. People are being aware these days that investment in share would make their financial future better. This craze of people about Share Market can be seen at times of Initial Public Offering. Investment in Share Market through secondary market is also getting popular. Thousands of people engage in buying and selling shares on daily basis. Also, these days much of people are entering stock market with the objective of making it a profession. However, it can be felt that at a point of time or another while investing in share, people knowingly or unknowingly gets addicted to stock market just like that of gambling, smoking or other addictive habits. Please ask yourself the following questions to check your level of addiction. You might have already been addicted to share market if all or some of points somehow relates to your behavior. 

1. Does a scene of greenery in a TV Show or a view of tree with full of green leaves give you an exciting feeling that market will go bullish in near future? Or, a glance of that red color dress that you can see as you pass by a clothing store makes you remember about painful bearish market trend and loss in your portfolio? If your answer is yes, it can be a symptom that you might already been addicted to share market!

2. Do you constantly check your watch on trading days and have anxiety about when it will be 11 O clock for market to open? Does your heartbeat go faster as time approaches to 11 AM? If yes, then it is the time that you should be alert!

3. Do you get bored on Fridays and Saturdays because of market closure? Have you ever thought about how market can be opened even in weekends? If yes, this can be an indicator of addiction. If such is the case, please be ensured that weekends are for fun.  Remember, share market is for life, life is not only for share market.

4. Can’t you feel easy without either buying or selling even at least 10 kitta of share every  trading day? If your answer is yes, you are required to be extra cautious!

5. Do you have a habit of taking away the directions of every conversation you have among your colleagues or relatives in social gathering towards share market? If yes, then you should know that you have already crossed the line.

6. Instead of having romantic conversation or discussion about household matters, do you love to discuss about share market trends with your partner? If your answer is positive, you are in a dangerous level of stock market addiction!

7. Have you poured all your money including contingency fund to share market without thinking about future emergencies?  If yes, it may be a warning sign that you have already been extra passionate about stock market.

8. Have you ever made a Fake Facebook ID? How many share related Facebook groups have you joined?  Do you promote the stocks that you own or want to trade by posting about them in such groups with your fake ID? Hello! Your addiction seems serious!

9. Do frequent images of Market depth, portfolio value, broker office etc appear in your  dream?  Have you ever waken up all of a sudden at midnight only to check how many hours left there for market opening? Well, this sounds like you need to do something to return back to normal life.

10.  Isn't it the highest level of share market addiction  as you are constantly checking  your portfolio value and share related website like  ‘sharesansar.com’ for market information even at times of lockdown when market is closed ?

Sanjay Gelal, Biratnagar, Nepal

(NOTE: THIS ARTICLE IS BASED ON VARIOUS IDEAS FOUND ON  INTERNET)