In what is being said to be a first-of-its-kind case, a 39-year-old Bengaluru man is seeking medical help to overcome his 'addiction' to investing and trading in the?stock market.
He has approached the technology de-addiction clinic at the National Institute of Mental Health and Neurosciences (NIMHANS) for treatment after?losing??30 lakh.
This comes after the Bengaluru man lost more than ?30 lakh in trading and his family urged him to seek therapy to conquer what they believe is an 'addiction'.
The 39-year-old man from south Bengaluru walked into the Service for Healthy Use of Technology (SHUT) clinic, well-known across the country for its treatment for tech addictions like online gaming, porn consumption, and OTT viewing. "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 the first-of-its-kind case for us psychologists too," said Dr. Manoj Kumar Sharma, professor of clinical psychology and coordinator, SHUT clinic, as per the TOI report.
The Bengaluru man had seen immense success in stock trading in the past four years, especially during the COVID-19 situation and lockdowns. "He had performed well in the stock market and earned handsomely. He remained extremely confident in his predictions of the market and did extensive trading until things started to go haywire in recent months," Sharma said.
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Despite heavy?losses, the man's overindulgence in trading drove him into?using up all his life's savings and even borrowing money. This took a toll on his family life, and his relatives pushed him to seek treatment. Having already attended two sessions as part of the treatment, the man is confident of overcoming his situation. Specialists at SHUT said the stock trading case doesn't fall under the category of addiction but is definitely a dysfunctional problem, as per the report.??
"The treatment for stock trading obsession is challenging for us as it needs an extremely careful and thorough approach, for the patient has no impulsive issues needing medication. Two key questions arise in this case: whether the individual needs complete abstinence from trading or should indulge in it in a controlled manner," the senior psychologist explained.
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