Bengaluru man addicted to stock trading seeks therapy after losing Rs 30 lakh

• Image Credit: Internet

• May 2, 2023 | Kabir Chakraborty

The man had previously suffered significant losses, but his overindulgence in trading forced him to spend all of his life savings and even borrow money from others. 

color:black;mso-bidi-font-weight:bold">Digital Desk: A 39-year-old man from
Bengaluru sought treatment at the National Institute of Mental Health and
Neurosciences (NIMHANS) de-addiction clinic in order to overcome his addiction
to stock market investing and trading.

The individual opted to
contact professionals at the Service for Healthy Use of Technology (SHUT)
clinic after losing more than Rs 30 lakh in trading and being persuaded to seek
counselling by his family members.

"Unlike other cases such as 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 as well," said Dr Manoj Kumar Sharma, professor of clinical
psychology and coordinator of the SHUT clinic, to The Times of India. The
doctor went on to say that the individual has previously predicted correctly in
the stock market.

The man had previously suffered significant losses, but his
overindulgence in trading forced him to spend all of his life savings and even
borrow money from others. This had an influence on his family life and led him
to seek treatment. As part of his treatment, he has attended two sessions.

SHUT
professionals admitted that stock trading cases do not fall under their
purview, but this was a functional issue.

"Treatment
for stock trading obsession is difficult for us because it requires an
extremely careful and thorough approach, as the patient has no impulsive issues
that require medication." "In this case, two key questions arise:
whether the individual requires complete abstinence from trading or should
engage in it in a controlled manner," a prominent psychologist remarked.