fomo dopamine addiction culture

Discussion in 'Technical Analysis' started by mute9003, Jun 18, 2022.

  1. mute9003

    mute9003

    since i know people will misunderstand everything on purpopse and derail this in no time...
    this is my observation. and based on articles and books i personally read..
    i dont claim this to be any kind of solid scientiic facts.
    just my opinion, which should be obvious since this is a DISCUSSION board not a scientific journal.. sadly i have to write this up so people stop derailing posts.


    many people dont connect the two together
    and only see the fomo relating to their immediate activity
    like gamers are aware of fomo and dopamine addiction in relation to gaming
    social media addicts and influencers are aware of that same issue in relation to social media
    traders are also aware of fomo but i do not see very often being connected to same dopamine hook as gaming internet and social media addiction

    in gaming dopamine addiction and fomo comes from loot based games especially limited time availability or "seasonal" loot

    in social media dopamine addiction comes from carefully crafted dopamine "hooks" built into apps that keep you engaged as long as they possibly can.

    in trading where does fomo and dopamine addiction comes from?
    i see people claim fomo comes from youtube trading gurus. which is questionable
    forums and message board pumpers less questionable since pumpers or users in general can knowingly or unknowingly create the feeling of fomo


    but what about the "market makers" and trading firms and institutional trading or whatever other groups are out there with enough capital to move the markets
    its obvious they manipulated market in the past from all the videos available of it being exposed or them talking about past exploits.
    but did they suddenly stop manipulating the markets or doing something shady?

    considering that facebook and other social media and games can control our attention to such degree that they can create full blown addicts why do people refuse to belive that the stock market is such a naturally flowing space?
    a delusion or a lie
    the trading firms having access to metrics to data to psychologists to research even to order flow from all these free platforms to automated charting and statistics software and analysis of people's behavior that can help them to basically have control over market flow to trigger exact responses in majority of amateur or semi professional traders .
    lets say to manipulate the chart flow to create fomo or to push people to give up and sell or to feel like they want to buy the stock...
    is this kind of market manipulation really so far out of reach or yall just denying it because half of you are doing it and other half dont want to admit that its possible so you can stay in your little fairy tale where market is some magical unicorn creature that exists on its own
     
  2. easymon1

    easymon1

    Who denies it?
     
  3. Others FOMO into their dopamine hits. It's the only thing that let's me win.
     
  4. mute9003

    mute9003

    so everyone just denies its existence then and pushes the yolo lambo this weekend on youtube "trading expert" channels?

    basically to lure more noobs into the "loot pool" promising them much cash such wow and really riding their ass while pretending to teach them how to trade?
    because without fomo noobs your trading would be much much harder and yall would have to trade against more people of your own level or better :)
    i think im finally starting to understand the market dynamics in general
     
  5. easymon1

    easymon1

    yawn.
    Again, who denies it?
     
  6. easymon1

    easymon1

    "Everybody Knows"

    Everybody knows that the dice are loaded
    Everybody rolls with their fingers crossed
    Everybody knows that the war is over
    Everybody knows the good guys lost
    Everybody knows the fight was fixed
    The poor stay poor, the rich get rich
    That's how it goes
    Everybody knows
    Everybody knows that the boat is leaking
    Everybody knows that the captain lied
    Everybody got this broken feeling
    Like their father or their dog just died

    Everybody talking to their pockets
    Everybody wants a box of chocolates
    And a long stem rose
    Everybody knows

    Everybody knows that you love me baby
    Everybody knows that you really do
    Everybody knows that you've been faithful
    Ah give or take a night or two
    Everybody knows you've been discreet
    But there were so many people you just had to meet
    Without your clothes
    And everybody knows

    Everybody knows, everybody knows
    That's how it goes
    Everybody knows

    Everybody knows, everybody knows
    That's how it goes
    Everybody knows

    And everybody knows that it's now or never
    Everybody knows that it's me or you
    And everybody knows that you live forever
    Ah when you've done a line or two
    Everybody knows the deal is rotten
    Old Black Joe's still pickin' cotton
    For your ribbons and bows
    And everybody knows

    And everybody knows that the Plague is coming
    Everybody knows that it's moving fast
    Everybody knows that the naked man and woman
    Are just a shining artifact of the past
    Everybody knows the scene is dead
    But there's gonna be a meter on your bed
    That will disclose
    What everybody knows

    And everybody knows that you're in trouble
    Everybody knows what you've been through
    From the bloody cross on top of Calvary
    To the beach of Malibu
    Everybody knows it's coming apart
    Take one last look at this Sacred Heart
    Before it blows
    And everybody knows

    Everybody knows, everybody knows
    That's how it goes
    Everybody knows

    Oh everybody knows, everybody knows
    That's how it goes
    Everybody knows

    Everybody knows

    Leonard Cohen Lyrics
    https://www.azlyrics.com/lyrics/leonardcohen/everybodyknows.html
     
    Last edited: Jun 19, 2022
    speedo likes this.
  7. Overnight

    Overnight

    Dude, that is bad form. Post the music with the lyrics. It doesn't even have to be from the original artist. Just don't leave them hanging without context! OY!

     
  8. easymon1

    easymon1

  9. newwurldmn

    newwurldmn

    I think virtually all of descretionary trading has a dopamine hook.

    there was a study like 17 years ago that showed that the best discretionary were not cold calculating robots but those that were tied emotionally to their pnls.
     
    mute9003 likes this.
  10. mute9003

    mute9003

    So basically gamers but with charts instead of loot chests?
     
    #10     Jun 19, 2022