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February 22, 2024July 18, 2024

Stock Market Anxiety: Making Sense Of Your Mental Health

Let’s talk about something keeping you up all night: financial status. It’s like that uneasy feeling in your stomach when you’re about to go on a big rollercoaster, except it’s about your investments and future. Having stock market anxiety means issues with finances and anxious emotions.

A woman keeping track of her financial statement and understanding it through her stock market account. — Source: pexels.com

You’re not alone if you’ve ever felt jittery watching those market numbers rise and fall like crazy. It’s a real thing, and honestly, it can be pretty overwhelming. But don’t worry; we’re going to dive into what this financial anxiety is all about, why it happens, and most importantly, how you can handle it.

Mental Health Knowledge: What Is Stock Market Anxiety?

Ever felt like your heart skips a beat when the stock market declines? That’s a mental health issue for you. It’s this nagging worry or fear about your investments, especially when the demand gets as unpredictable as the weather. It’s like you’re on a boat in the middle of the ocean, and the trading industry is the waves – sometimes calm, sometimes stormy.

This pressure isn’t just about losing money; it’s about the uncertainty and feeling out of control. It’s normal and a part of human nature, especially if your future plans are tied up in those numbers. But don’t sweat it too much; understanding is the first step to managing it.

What Causes The Mental Health Condition?

Now, let’s dive into what stirs up this storm of stress. There are a few key culprits:

Stock Market Volatility

This is the big one. The industry can be like a wild rollercoaster – thrilling one minute and terrifying the next. When it’s unpredictable, it’s hard not to worry about the risk factors and safety of your investments, especially if you are working on building your own company or companies.

Personal Financial Impact

Note that your hard-earned money is on the line, and that’s personal. Whether it’s your retirement plan fund, your kid’s college fund, or your dream home savings, the stakes are high. It’s ok if you’re feeling anxious when your financial security seems to be at the mercy of the stock market.

Media Influence

Ever noticed how news headlines can make the market situation seem like the end of the world? The way media portrays stock market fluctuations can amplify your stress. It’s like adding fuel to the fire, making you more stressed than you need to be.

Lack Of Control

Let’s face it, none of us can control the value of the stock market. This lack of control can be pretty unsettling. It’s like you’re in the passenger seat of a car that’s speeding a bit too fast – exciting but definitely nerve-wracking.

Past Experiences

If you’ve been burnt by the market before, those memories can stick. Past losses can make you more anxious about future investments. It’s like getting back on a bike after a nasty fall – you’re a bit more cautious and a lot more worried.

Peer Pressure and Comparison

Seeing friends or colleagues make big gains can put pressure on you to perform just as well. It’s the fear of missing out (FOMO) combined with a dash of comparison – not a great recipe for peace of mind.

Understanding these causes can help you start to untangle your feelings about buying commodities. Remember, it’s okay to feel anxious, but it’s also important to manage it. Stay tuned for strategies on how to do just that!

What Are The Symptoms Of Trade That Makes You Anxious?

Identifying the symptoms of stock or trade market anxiety is like recognizing the warning signs of a storm. It’s not just about feeling nervous; it’s a whole mix of signals:

1. Constantly Checking The Trade

Do you find yourself obsessively checking inventory prices or financial news? It’s like you’re glued to the screen, and every dip or rise sends your heart racing.

2. Mood Swings

Your mood might swing with the market. Feel elated when commodities are up and down in the dumps when they’re down? That’s a classic sign.

3. Sleep Disturbances

Lying awake at night thinking about your investments? Or maybe you’re sleeping too much, trying to escape the worry. Both are signs that the market is messing with your sleep.

4. Physical Symptoms

The mental health condition isn’t just in your head. It can show up as headaches, stomachaches, or even just a constant jittery feeling.

5. Difficulty Focusing

When your mind is crowded with a negative idea about the market, focusing on work or daily tasks becomes a challenge. It’s like trying to concentrate while a TV is blaring in the background.

6. Withdrawal from Social Activities

If you’re turning down hangouts because you’re too caught up in tracking market trends, that’s a red flag.

7. Irritability or Short Temper

Feeling unusually irritable or snappy? It might be the point of dread talking.

Impact On Mental Health

The impact of the condition on emotions and mental health can be profound and varied:

Stress: This is the big one. Constant worry about the demand can raise stress levels, which is bad for your overall health.
Anxiety Disorders: Over time, this specific condition can snowball into a more general disorder, making you feel tense about more than just the trade.
Depression: Long-term stress and worry can lead to depression. It’s like a cloud that gradually covers up your usual sunny disposition.
Relationship Strain: When you’re worried, it’s harder to be present and supportive in relationships. Your loved ones might feel like they’re walking on eggshells around you.
Reduced Quality of Life: Constant worry about the stock trade can suck the joy out of life. You might stop doing things you love or lose interest in hobbies and activities.
Substance Abuse: In an attempt to cope with stock trade issues, some might turn to alcohol or drugs, which only makes things worse in the long run.
Impaired Decision Making: This mental condition can cloud your judgment, leading to rash or poor decisions—not just in investing but in various aspects of life.

Recognizing these symptoms and impacts is crucial. They’re the signposts telling you it’s time to take action and manage your stress. Up next, we’ll explore ways to do just that!

The Best Coping Mechanisms To Consider

Dealing with financial concerns is like learning to sail in choppy waters. You need the right tools and strategies. Here are some effective coping mechanisms:

1. Mindfulness And Relaxation Techniques – It’s like hitting the pause button on your brain. Practices like meditation, deep breathing, or yoga can help calm your mind. It’s about being in the present, not lost in the what-ifs of the trade industry.
2. Set Boundaries With Stocks Trade Exposure – Limit how often you check the stocks’ demand. It’s like setting a ‘no phone’ rule at dinner – it helps you focus on the here and now, not the fluctuating inventories. Only pay and consider long-term goals, so you won’t be spending too much.
3. Diversify Your Investments – Don’t put all your eggs in one basket. When you invest, spread out your investments. This way, a dip in one area won’t capsize your entire financial boat. The selling price on the stock trade can give you the best deal.
4. Stay Informed, But Avoid Obsession—It’s good to stay updated, but overconsumption of stock news can heighten mental health conditions. It’s like following a balanced diet—nourishing but not excessive.
5. Establish A Long-term Plan – Work with a financial advisor with a great portfolio at hand to create a long-term investment strategy. This is your financial roadmap; it helps you stay the course even when the stock trade gets bumpy.
6. Focus On What You Can Control – You can’t control the stock trade, but you can control your reactions and decisions. This shift in focus can be incredibly empowering.
7. Exercise And Healthy Living – Regular exercise, a healthy diet, and enough sleep can work wonders. It’s like giving your body and mind the fuel they need to stay strong in turbulent times.
8. Talk About Your Feelings – Sometimes, just talking about what you’re going through can lighten the load. Whether it’s with friends, family, or a support group, sharing can be incredibly therapeutic.
9. Take Breaks From Investing- If the stock trade is causing you too much stress, it’s okay to take a step back. Think of it as taking a vacation from the ups and downs of the stock trade.
10. Seek Professional Help If Needed – If tension and pressure is overwhelming, talking to a mental health professional can help. It’s like calling in a lifeguard when the waters get too rough.

Remember, coping with the mental health caused by financial trade is a personal journey. What works for one person might not work for another. It’s all about finding the right balance and strategies that work for you.

Few Prevention Strategies That Is Proven Helpful

Preventing mental health caused by financial trade is like weatherproofing your house before a storm. It’s about being proactive. Here’s how you can do it:

Educate Yourself: Knowledge is power. The more you understand the industry, the less intimidating it becomes. It’s like learning the rules of the road before driving.
Set Realistic Goals: Create achievable financial goals. It’s like aiming to run a 5K before a marathon – start small and build confidence.
Build A Solid Financial Foundation: Ensure you have a financial cushion, like an emergency fund, outside of your investments. It’s like having a safety net under your high-wire act.
Avoid ‘Herd Mentality’: Don’t just follow the crowd. Make investment decisions based on your own research and risk tolerance. It’s like choosing a path in a hike based on your comfort level, not just because everyone else is taking it.
Regular Check-ins With A Financial Advisor: A certified financial planner professional can provide guidance and reassurance. It’s like having a coach for your financial fitness.

By incorporating these strategies, you can build a strong defense against the condition of keeping your money invested and mental well-being in check.

To Wrap Up

Mental health caused by financial trade is like that rollercoaster ride we talked about – full of ups and downs. But remember, it’s not the end of the world. Understanding what causes this anxiety and recognizing the symptoms is half the battle. And hey, you’ve got a bunch of tools and strategies now to help you cope, like mindfulness, diversifying your investments, and seeking professional help when needed.

The key takeaway? Stay informed, keep your expectations realistic, and don’t be afraid to ask for help from other people, such as your long term investor or long term investors. Remember, it’s your financial journey, and you’re not on this ride alone. Keep your head up, stay positive, and who knows? You might just start to enjoy the ride.

Frequently Asked Questions (FAQs)

How Do I Stop Worrying About the Trading Industry?

Can the Trading Industry Cause Mental Health Issues?

How Do You Stay Calm In The Trading Industry?

What To Do If You Lost Money In the Trading Industry?

Should I Panic Over The Trading Industry?

Is Trading Commodities Stressful?

Why Do People Panic Sell Commodities?

Is Trading Bad For Mental Health?

How Can I Be Confident In the Trading Industry?

Why Am I So Obsessed With Stocks?

What Is The Best Way To Beat The Trading Industry?

Do You Owe Money If A Stock Goes Negative?

Is It OK To Lose Money In The Trading Industry?

Can You Get Money Back From Losing Stocks?

Why Do Stock Investors Panic?

February 22, 2024July 18, 2024

Financial Therapy Guide

Learn the power of financial therapy that bridges gaps between financials and emotional resilience. As you navigatethrough a complex world of investing and finance and stocks, it’s important to not only focus on numbers but also on your mental and emotional well-being.

Therapeutic financial counseling — Source: pexels.com

That’s where financial therapy comes into play.

Get ready to turn your investment stress into unparalleled success!

Financial therapy combines financial advice with emotional support to help investors make better, more informed decisions. It’s not just about growing wealth; it’s about understanding the emotional aspects of money management.

The Financial Advice

Unlike traditional financial advising that focuses purely on numbers and strategies, financial therapy delves into the emotional and psychological aspects of investing. It helps you understand why you make certain financial decisions and how to improve them. People struggle with a finance issues.

The Financial Therapy For Financial Gain

By incorporating financial therapy into your investment strategy, you can achieve:

Enhanced Financial Decision-Making Skills In Therapy

Clarity in Choices: Financial therapy aids investors in understanding the ‘why’ behind their financial decisions, leading to clearer and more strategic choices. By dissecting the emotional influences, investors can distinguish between impulsive decisions and those based on sound financial reasoning.

Risk Assessment and Management: With a deeper insight into personal emotions and behaviors, investors can better assess and manage risks, aligning their investment strategies with their true risk tolerance.

Emotional Resilience

Coping with Market Volatility: Financial therapy provides investors with tools to handle the emotional stress of market ups and downs. This emotional resilience is crucial in maintaining a steady course in the face of market fluctuations.

Long-term Perspective: By focusing on long-term goals and strategies, investors are less likely to react hastily to short-term market changes, fostering a more resilient investment approach.

Understanding Of Financial Behaviors

Identifying Patterns: Through financial therapy, investors can identify and understand recurring patterns in their financial behaviors, such as overspending, under-investing, or over-trading.

Changing Unhealthy Habits: Recognizing these patterns is the first step in changing them. Financial therapy helps in developing healthier financial habits that contribute to long-term wealth building.

Improved Overall Well-Being

Reduced Financial Anxiety: By addressing financial concerns in a structured and supportive environment, financial therapy can significantly reduce anxiety related to investments and financial management.

Holistic Approach to Wealth: Financial well-being is intrinsically linked to overall well-being. Financial therapy promotes a holistic approach, considering not just financial wealth, but also mental and emotional health.

Better Communication About Finances

Openness in Financial Discussions: Financial therapy encourages open and honest communication about money or financial state, which can be particularly beneficial in relationships where finances are a common source of conflict.

Family Financial Planning: It also aids in making more inclusive family financial decisions, considering the needs and goals of all family members.

Personalized Financial Therapy Guidance

Tailored to Individual Needs: Financial therapy recognizes that every investor is unique. It offers personalized guidance that aligns with individual financial situations, goals, and emotional needs.

Adaptable Strategies: As personal circumstances and market conditions change, financial therapy helps in adapting strategies accordingly for the benefit of personal finance and ensuring they remain relevant and effective.

Modern Investor’s Financial Dilemma

In today’s fast-paced financial world, the modern investor faces a unique set of challenges. While unlimited access to information and investment tools has never been easier, this abundance can also lead to increased stress and emotional turmoil. Understanding these challenges is the first step towards overcoming them.

Financial Stressors

Information Overload: With constant news updates, market analyses, and an endless stream of data, investors often feel overwhelmed. Deciphering what information is relevant and what can be ignored is a significant stressor.
Market Volatility: The unpredictable nature of the stock market can induce anxiety. Short-term fluctuations often lead to knee-jerk reactions, impacting long-term investment strategies.
Pressure to Perform: There’s a prevailing notion that investors should always ‘beat the market,’ which adds immense pressure and can lead to unwise decision-making. It can make them behave differently and have negative emotional responses.

Impact Of Emotion On Investment

According to the National Association of Finance Experts, emotions play a significant role in financial decision-making. Understanding how emotions influence these decisions is vital for every investor.

Many investors make decisions based on emotions like fear, greed, or excitement rather than on sound financial analysis. This can lead to impulsive buying, panic selling, or holding onto investments for emotional reasons.

In addition to that, investors are also prone to herd mentality. The tendency to follow the crowd can result in investors making decisions based on what others are doing, rather than their investment strategy or risk tolerance.

Finally, in an era of rapid information sharing, investors often experience Fear of Missing Out (FOMO), leading them to make hasty investments without proper research or consideration.

Principles Of Financial Therapy

Emotional Intelligence In Investing

Just like behavioral therapy, when we talk about financial therapy, emotional intelligence really takes the spotlight. It’s all about getting a handle on how our feelings – like fear, excitement, or even greed – play into our investment decisions.

Think of it as being more aware of what’s happening inside your head and heart when you’re about to make a financial move. It’s about not letting those gut reactions run the show but also not ignoring them completely.

Instead, we aim for a sweet spot where your instincts and the hard facts get an equal say. In the end, it’s about making sure your emotions are in the passenger seat, helping to guide you rather than grabbing the steering wheel and leading you off course.

Finance 101: Financial counseling — Source: pixabay.com

Identifying And Overcoming Psychological Barriers

Another critical principle of financial therapy is recognizing and overcoming psychological barriers that can impede sound investment decisions. Investors often face cognitive biases such as confirmation bias, leading them to favor information that aligns with their beliefs and ignore contradictory evidence.

Additionally, the sunk cost fallacy can unduly impact future investment decisions. Financial therapy aims to recognize and address these barriers, shedding light on psychological patterns. Understanding these tendencies empowers investors to devise strategies that steer clear of common pitfalls and make well-informed choices.

Building A Resilient Financial Investor Mindset

Developing a resilient investor mindset is a core goal of financial therapy. This principle revolves around cultivating an attitude that can withstand market fluctuations and the inherent uncertainties of investing. It involves accepting that market volatility is a natural part of investing, not a deviation from it.

According to Financial Therapy Association experts, a resilient mindset also entails adopting a long-term perspective, prioritizing enduring goals and strategies over being influenced by short-term market fluctuations. This approach enables investors to stay dedicated to their investment plan, even during times of market stress or downturns.

Financial Therapy Techniques

Mindful Investing – What It Is And How To Practice It

Mindful investing is all about being fully present and intentional with your investment decisions. It’s a technique that requires you to pause and reflect, ensuring that each decision aligns with your long-term goals and values.

To practice mindful investing, start by taking a moment before making any financial decision. Ask yourself: “Is this choice driven by emotion or strategy?” Regularly practicing mindfulness, like meditation or mindful breathing, can also help you stay centered and reduce impulsive decisions.

Goal Setting And Emotional Alignment

Setting clear, achievable goals is fundamental in financial therapy. These goals should not only be about numbers and returns but also about how they align with your personal values and emotional well-being.

Start by defining what financial success means to you. Is it security, freedom, or perhaps providing for your family? Then, create a roadmap of how to get there, with specific, measurable, and time-bound goals. Regularly review and adjust these goals to reflect any changes in your life or financial circumstances.

Stress-Reduction Strategies For Volatile Market Conditions

The stock market can be a rollercoaster, and it’s normal to feel stressed during downturns. However, there are strategies to help manage this stress. First, educate yourself about market cycles to understand that ups and downs are part of the investing process.

Develop a personal coping toolkit for stressful times – this could include activities that relax you, like walking, reading, or yoga. Also, consider speaking with mental health professionals or a certified financial therapist or joining a support group where you can share experiences and strategies with fellow investors. This way, you can secure your mental health while dealing with financial aspects.

Creating A Financial Plan That Suits Your Emotional Needs

According to the financial industry regulatory authority specialists, an effective financial plan takes into account not just your financial goals but also your emotional needs and risk tolerance. Work with financial professionals on creating a plan that feels comfortable yet is effective in achieving your objectives andfinancial competencies.

This might mean diversifying your portfolio to spread risk or setting up automatic contributions to your investments to reduce the temptation of emotional trading and handle therapeutic and financial competencies. Regular consultations with financial advisors or financial therapists can help ensure that your plan stays aligned with your emotional and financial health.

Journaling And Reflection

You know, keeping a financial journal is kind of like having a chat with yourself about your financial state. Just take a few minutes every now and then to write down what’s going on in your head when you make financial moves.

To Sum It Up

Think of financial therapy as your secret weapon in the investing world. It’s all about blending savvy financial strategies with a solid grasp of your emotions. Nail that combo, and you’re setting yourself up for smarter, more chill investing. Believe me, it’s the evidence-based practices that really pay off! Consult only a certified financial planner or financial advisor to help you process informed details about financial counseling or therapy.

Frequently Asked Questions (FAQs)

How does financial therapy work?

What is the five-step model of financial therapy?

What are the questions for financial therapy?

What is financial psychology?

Is there therapy for spending money?

Can you talk about financial matters in therapy?

What are financial modeling techniques?

How is financial modeling done?

What is basic financial modeling?

What is the therapy for financial obsession?

What are the emotional benefits of financial advice?

What makes a good financial advice?

Why is financial psychology important?

How do emotions affect financial decisions?

What is the psychology of financial anxiety?

February 2, 2023

Financial Therapy: Monetary Advice During Mental Health Crisis

Are you having a hard time managing your cash? Do you always find yourself spending more than what you earn? Are you a shopaholic? If these are your concerns, you should read more in this article as we discuss mental health and money relationship.

Source: pixabay.com

The impact of financial management incapability gets worse with two things. (1.) Is when you are dealing with a long-term mental health condition, and (2.) is when you experienced a traumatic event that triggered a huge monetary blow. These particular things are the main reason it is entirely challenging to cope financially.

Fortunately, there are a few ways to deal with the situation, and some of these guidelines are proven effective when it comes to handling financial and mental health issue correlation.

Financial Literacy Education

If you are having a monetary issue and dealing with a mental health crisis at the same time, do not go into a trial-and-error coping approach if you do not understand how to deal with it. It will not help you and might cause overwhelming financial problems in the long run. Instead, educate yourself and learn the basic rules of financial literacy. Be fully informed about your current monetary circumstances and mental health needs. If the stress and anxiety get in the way, immediately remove monetary access to avoid using it as a means of coping.

Source: pixabay.com

Cut Spending

When spending your money, you need to realize the importance of self-evaluation. Understand what you value most, and don’t chase after unnecessary things. Please do not allow your expenses to go over the top of your income as it will cause you more mental and emotional strain once you find yourself financially incapable. Do not go after the branded stuff. If you can, make it a habit to use what’s already in your possession to avoid purchasing duplicated items. Keep an eye on your expenditures and ensure a personal spending plan. Keep a record of what you buy and what you will have to buy so that you can live below your means.

Pay With Cash

The correlation of money to mental health has something to do with debt. When you are financially unstable and you struggle with a lot of monetary requirements, your mental health can get worse. Instead of getting credits or constantly having debts, pay your purchases with cash. It helps you manage and control your spending and will also allow you to picture the importance of what you buy. It provides you with autonomy and freedom, which is also helpful in dealing with stress and anxiety.

Source: pixabay.com

Learn To Budget

Budgeting is not an entirely comfortable process, especially when you use your money regularly and get it from paycheck to paycheck. However, it provides emotional and mental stability when you know what to do with your money. Learn to budget and stick to purchasing what you need. Assign a designated limit on the amount you are willing to spend so you won’t have to compromise your health and financial goals. Since budgeting ensures life control, it will help you maintain your overall wellness.

Save For Nothing

Your mental health issue can sometimes cause these cravings, leisure requirements, and shopping sprees. You don’t need these, and these are not always effective coping strategies, especially if they will cause another stress from losing your financial balance. Instead of spending on these things, choose to save them. Consider this as an emergency fund that you can use in the future. It will help you cope with your spending habit problems and secure your mental and emotional health in future negative encounters. You will thank yourself once you realize you have more positioned cash.

Guard Your Health

With all your illness and monetary struggle, one thing is essential – your health requirements. And since these two are related, you need to use your money to guard your health. Therefore, consider building straightforward maintenance that can diminish your too much expenditure. Instead of buying alcohol, cigarettes, and junk foods, consider spending your money on eating fruits and vegetables, registering for a gym, and taking art courses and cooking lessons. Invest your money into something that can help you with your mental and emotional struggles.

Source: pixabay.com

Get Insured

You will never know what might happen in the future. You might encounter difficulties, and your mental and emotional health inconsistencies can become a major contributor to that. So before you lose everything, prepare yourself for the uncertainties. Apply for an insurance policy to secure your health and your family’s wellness. Insurances are beneficial for any medical-related bills and medical care requirements. It also helps in reducing financial instability and makes accidental losses controllable.

Insight

Financial therapy is not a stand-alone treatment and may not address mental health issues such as depression, anxiety, trauma, stress, or other psychological illnesses. However, if the said conditions affect financial goals, it would be best to incorporate the treatment.

February 2, 2023

The Need For Financial Therapy

It has been a year since the pandemic hit, and people are getting by and are already back to their normal life routines. However, most of them still struggle with the financial issues that COVID-19 left them. Some of it includes losing long-term employment, closing a business store, and increasing unpaid monthly bills.

People are still trying to figure out how to get through the pandemic’s financial impact on the world. And if you are one of those individuals who deal with stress and financial survival guilt, you are not alone.

Source: pixabay.com

The financial effect of the pandemic is not limited to monetary since your mental and emotional health surely received a devastating impact. But remember that the pandemic is not your fault. Thus, it would be best if you weren’t guilty of the world’s financial crisis nor get mad with the companies who choose to lay off to save their businesses.

Financial Therapy

What is financial therapy?

Financial therapy is a treatment service that aims to address an individual’s feelings, thoughts, and behavior toward handling money. It examines how money affects a person’s life. But note that financial therapy is different from financial planning. Financial therapy is administered by a licensed therapist who studies the intersection of emotional, behavioral, psychological, and relational to the financial state. On the other hand, financial planners focus more on financial goals, budgeting, and retirement.

One of the significant assets of financial therapy is its financially goal-oriented process. The treatment looks into topics ranging from financial stressors and coping mechanisms to routines of monetary expenses and expenditures. The role of the treatment revolves around financial literacy and educating clients to better manage their monetary endeavors. The treatment aims to empower people and provide them with the opportunity to become aware of their financial relationships.

Inside The Scope

Financial therapy is essential for learning, healing, and growth. It can assist with monetary interaction and help understand how people see a society with regard to its financial state. It helps people discover their value and potential and develop a wiser and healthier relationship with money.

One of the most vital topics in financial therapy is the importance of spending. If you value conservation and community involvement, you will purchase something in a local farmers’ store rather than expensive items or concert tickets. If it’s the latter, you should evaluate what’s more important to you so you can manage and spend your money accordingly.

Source: pixabay.com

Financial Problems

Note that people deal with financial problems differently. What might be a burden to them may be simple to you and vice versa. Individual income, savings, and wealth also require different considerations since you and other people have more or less due to a variety of factors. However, here are the common causes of financial problems.

High Levels Of Debt But Lower Income – One of the common causes of financial downfall is debt. Without the funds to pay it off, it can go up. It can affect the whole capital stock or savings as it will heighten interest rates. As a negative result, people end up giving up their houses, cars, and other valuable belongings.

Loss Of Employment – Losing a job is the top concern for financial problems since working sustains the monetary flow, especially on daily necessities. In some unfortunate situations, loss of employment can cause physical and mental strain. It can also complicate and bring familial and marital relationship issues.

Foreclosure Or Bankruptcy – Foreclosure only damages people’s credit scores for about seven to ten years. People might still find ways to work on their other expenses despite that. On the other hand, bankruptcy hinders them from a financial start-over since it will not get rid of the other debt that, includes state taxes.

Growth Of Financial Responsibility – Once there is a lack of financial income, the responsibility immediately grows. There is a huge demand for cash flow due to lifestyle maintenance and social, environmental, and economic contributions. With limited monetary availability, there is surely an incoming pile of debt.

Spending Habits And Behaviors – Financial problems often arise due to a person’s spending habits and behaviors. His association with money revolves around earning less while spending more. It is a complication that leaves an individual with fewer funds to use in an emergency.

Compulsive Gambling – Though this may not be common to the general public, quite several people struggle with compulsive gambling. It may start as a small portion of extra money and eventually use all the savings. It is a problem since it is considered an addiction.

Source: pixabay.com

Final Thoughts And Takeaway

There is no right and wrong way of spending or saving money. Culture, education, and personal experiences shape people’s values and financial literacy beliefs.

Seek money-mindset assistance that can help you understand more about financial recovery. These include listening to a financial podcast, talking to a friend, asking a financial advisor, or seeking a financial therapist.

July 16, 2021March 20, 2024

Behavioral Finance And Other Finance Matters

Is there such a thing as counseling in behavioral finance? How does it vary from other financial counseling? Behavioral finance biases and stock trading psychology counseling might seem like opposite topics of interest but they are more intricately connected than they seem on the surface. Let’s learn more about it and how it helps those in the finance industry.

Constantly keeping track of the stock market and your financial planning situation can be emotionally draining, especially with their psychological influences. You don’t know what to expect even with recent events of efficient market hypothesis. Based on popular theory, there are no predictable ways to understand the disposition effect of a wrong financial move that decision making seems nearly impossible when it comes to investment decisions.

What Being Emotional Can Do To You

When things don’t go your way, you tend to take it out on yourself or others around you. You can think of stress and negative emotions as psychological influences that affect both your financial planning and understanding. This stress may seep into other aspects of your life, such as your health and career. Behavioral counseling experts call this “affect heuristic.” You’re bound to perform financial human decision-making cognitive errors depending on your current emotional or financial behavior state.

Behavioral Finance

Counseling Treatment

Behavioral Finance counseling will provide you with concrete steps and long term methods to deal with strong emotions by helping you achieve emotional balance. Your stock market anxiety and stress regarding your financial matters and situation don’t have to affect your investments or any other rational decisions and life investment decisions or perfectly rational financial decisions. Market outcomes shouldn’t be the primary driver of your emotions.

Financial professionals can help you avoid investing too much when your financial situation is positive. Being tempted to invest is a natural response, especially when you think you’ve made a good investment decision and won big in financial markets.

Seeking Counseling For Your Financial Addiction And Other Behavioral Finance Matters

When dopamine hits, you’re going to start wanting more and more until you don’t even notice it’s turned into a serious financial addiction.

If you’re using your laptop like a slot machine, then counseling can help you rein your impulses in and retrain your mind. Your counselor can help you monitor activity related to investing and keep everything under control. No matter how good your market hypothesis is, the markets can be more volatile than you expect. The most skilled investors need to remain calm.

It’s never easy to quit an addiction. Counseling can offer the help and support you need to set you on the right track. Family or individual money matters should not influence your behavioral state negatively.

We’ve established that being one of the stock market participants may lead to frustrations and addiction. This puts your relationships at risk. Your relationships falling apart is going to be another thing you will stress about. And often you won’t expect that stock investments have something to do with it.

Key Takeaways Behavioral Finance

Managing Your Behaviors And Emotions

If you learn how to retrain your brain during your financial choices, develop a healthy mindset, and deal properly with intense behavioral finance emotions, then you’re not putting your relationships in jeopardy. Emotions can be efficiently managed through behavioral finance counseling.

Behavioral finance is very important to avoid causing irrational decisions. — Source: pexels.com

A sound mind will help you make sound, smart, and efficient market decisions about how and where to invest. Taking care of your mental state and emotional health will significantly affect the decisions you make in your life, career, and your investments. You can achieve this faster with the help of a behavioral finance counselor and by working on your mental accounting.

Indeed, without a good grasp of your emotional quotient and theories, you might as well bid any good investment gains goodbye. Positive emotions towards behavioral finance do make a significant difference.

Behavioral Finance

Behavioral finance tells us that there are psychological factors and subconscious biases behind an investor’s behavior. Understanding human behavior emotions and goals through behavioral economics or behavioral finance counseling can help you understand the process behind your decision-making and assess it.

Ever heard of the saying, “Change the way you look at things, and the things you look at change”?

Market volatility is normal and, believe it or not, can be an investor’s best friend. By resetting your mindset, financial counseling can make you focus on the positives of that volatility, not the negatives. Positive emotions towards money definitely affect one’s mindset as well.

Overcoming your rational expectations and emotions is a necessary financial analyst skill for even experienced investors. Financial counseling can help many investors put things into perspective and make them see the bigger picture and certain circumstances rather than zoning in on their loss aversion. It helps in stabilizing most investors’ flawed thinking.

Behavioral Finance

Effective Stress Management

Behavioral finance counseling allows you to compartmentalize the sources of your stress. Instead of your worries stacking up on each other, you can take them apart. Treat them separately rather than viewing them as one Herculean lump of worries. Developing a better mindset when it comes to future worries and anxieties makes them easier to manage.

Meditating to ease mind for financial control. It's an important skill in the world of finance. — Source: pixabay.com

Stable Minds Make Stable Investments

Financial counseling offers a way to anchor self-attribution psychologically and emotionally rather than anchoring yourself on the numbers and how the stock market is doing.

The right investor behavior gives you a solid foundation so you can let go of bad investments and not feel like it’s the end of the world. You are in control, and the stock market doesn’t have control over you. Hold onto your confirmation bias of values and beliefs, and don’t get swayed by emotional rushes. It also indirectly keeps your credit cards safe — you won’t be making panic invests or snap decisions about anything.

Insights And Takeaways

Stock trading is a rough journey. Without counseling and proper management of emotions, it’s like fastening your seat belt without the seat belt. You need self-control to stop you from losing your cool, making rash decisions, and endangering your overall stability and wellness.

If you decide to seek financial therapy, know that your counselor wants what’s best for you.

Frequently Asked Questions (FAQs)

What is a behavioral finance example?
What is the role of behavioral finance?
What are the two pillars of behavioral finance?
What are the branches of behavioral finance?
What can you do with a behavioral finance degree?
What is the foundation of behavioral finance?
What is the difference between standard and behavioral finance?
What are the cognitive biases in behavioral finance?
What is the role of behavioral finance in private clients?
Who introduced behavioral finance?

July 16, 2021March 20, 2024

Stock Discussion: What Are The Ways To Deal With Stock Market Anxiety?

If there’s one word to describe the trading industry, it would be “unpredictable.” Changes happen so often, making the trade so risky leading you to handle stock market anxiety.

Risking your money by investing in stock in the trading industry that you put effort into and leads to stock market drops is a devastating result that can lead to anxiety.

When unexpected capital or financial news occurs, there’s always the possibility of the stock market declines and it can dangle in front of you.

A catastrophic outcome is putting money at risk in stocks. Read more and learn. — Source: pexels.com

Investing – How And When It Causes Stock Market Anxiety And Other Mental Health Conditions

Worse fears begin when you start losing a big sum of money savings in the stock market, and your investment is in really bad shape. It’s human nature to feel that way, especially if you have invested everything you have. The anxiety and depression eventually creep in when the financial news that the money market is crashing arrives.

It can get even worse when you think your long term finances, like your retirement funds, are in jeopardy. You might be tempted to take out personal loans to cover for short term financial troubles, even maxing out your credit cards.

But any financial advisor will probably tell you that’s a bad idea.

All these can cause stock market anxiety syndrome and stress to your mind, and sometimes, you won’t even notice until you can’t take it anymore. Anxiety from stock market declines is fairly common.

Other times, you may find yourself on the verge of an anxiety attack and unstable mental health about stock market fluctuations that affect past and future business company revenue. And one day, you realize what’s supposed to lift your spirits has become your primary cause of stress instead – the stock market gone wrong. Whichever your condition is, know that counseling and account financial planning may help you in your journey towards better mental health from dealing with the stock market that’s causing your anxiety.

Understanding Your Condition – Feelings When You Lose Money

Note that before anything else, you need to understand what’s causing your tricky feelings (anxiety, stress, etc.) about the stock market. Ask yourself what upsets you and what triggers your anxiety and outbursts in the stock market. Is it because you lose money? Try to point out how you feel about stock market trading data and investing as well. Pay attention to the signs of mental and emotional breakdown. Exercise on talking to your anxiety counselor or stock market investment adviser about these stock market things will help you point out the stressors leading to financial anxiety. Listen to the professional’s advice. This way, you’ll also find out what your emotions are regarding the stock market trading industry and understand why you tend to suffer from your mental health concerns.

Are you scared of dipping stock prices on market graphs? Are you afraid of the downs and the volatility of the industry? Do you instantly feel nervous or does anxiety slowly creep in when you tune in to the news about the finance sector? Do you freeze up when watching the numbers and graphs rise and fall? It’s crucial to know these and more to understand what causes your worries and negative ideas.

Along with understanding your stress and triggers, financial advisors can also help you process and manage your emotions. What about the financial world makes you happy? And what about it makes you feel fulfillment? Knowing these is helpful to get a grasp on what investing does to your mental and emotional health.

Stock Market Anxiety (Including Other Mental Health Conditions Such As Stress, Depression, Etc.)

Often, it also comes with anger issues, panic episodes, and depression. By talking to your financial advisor and counselor, you may be able to work early to prevent these from happening. They can educate you on what you can do with the curb. If you are stressed and anxious because of it, then they will be able to help you address them.

Your counselor will talk you through these aspects so they can help you comprehend the state of your mental health. They may ask you questions about your situation and emotions to know how to move forward from there. Remember, these are important so your counselor can help you. However, know that your well-being is still their top priority, so don’t hesitate to tell them if you’re feeling overwhelmed.

Gaining Control Of Your Emotions

Following your discussion with your counselor regarding your situation and emotions, they may also talk to you about the value of gaining control. That means figuring out the things you can influence and what you can’t change. By discussing this, you may develop a sense of feeling more in control over your reactions.

As mentioned before, volatility is one of the primary causes of panic in stock traders. And it’s crucial to understand this is out of your hands. No matter the preparation or thinking you put into trading, you can never totally predict what will happen in this tricky industry. Your counselor will help you distinguish this unknown variable from the things that you can influence.

As an investor in companies, you are responsible for a reasonable knowledge of financial strategies. That involves a contingency economy plan and portfolio backups for when the market’s selling trade moves unfavorably. By taking charge of this example, you may start to gain control over your wealth situation.

Your counselor will provide tips for you to understand these many long-term investors’ circumstances. Little by little, they will help you feel more in control of your emotions. This process will only start when you accept things you can’t change and involve responsibility for the aspects you can influence.

Shifting Your Focus – Learning How To Cope

How Counseling Can Help Improve Mental Health

Some days, you may find yourself fixated on your phone or laptop, poring over the trading figures. Other times, you may be cemented to your couch, eagerly anticipating updates about your investments and market sell corrections. You may not notice it, but you may already be hyper-focusing on research about trading and neglecting yourself in the perspective process.

Counseling can help keep you grounded amidst this kind of experience you guess. Your counselor may recommend some activities that will help keep your mental well-being okay. It starts with the basics like eating a balanced diet, exercising, and developing healthy sleeping habits. Your counselor may also advise against constantly checking updates about the real trade.

They may also refer you to a support group if talking to others aids you in understanding your emotions better. In addition, you may discuss with your counselor about other activities that will help you keep a clearer head.

It’s essential to address these things to prevent you from solely focusing on the trading industry. It may be a big part of your life, but it shouldn’t consume you whole. Counseling can guide you in processing your experiences to allow you to forward from your fears healthily. Just because your real estate investments might be plummeting or your checking accounts are a little lower than they should be, it doesn’t mean you should sacrifice your high-yield investments or savings accounts. Don’t panic. There’s more than just this year.

It may be possible to feel like you’re detaching yourself from something important to you. However, remember that you’re just reacquainting yourself with it. Your counselor is there with you as you take that step forward with an understanding of your experience. You may find it hard to adjust sometimes, but keep in mind that you’re doing this for your well-being.

To Wrap Up

It’s natural for the industry to be volatile and to have dips now and then. Most of the time, unexpected events cause these changes, and we can’t do anything about it. Because of this volatility, stock traders like you experience fears but remember, financial therapy can help you move forward from this.

It won’t be an easy journey toward a clearer head and better mental health. You’ll need to exert effort, and you’ll have to make changes in your lifestyle, as well as in your behavior. It won’t be a walk in the park, but your counselor will be there beside you the entire way.

You have to be open about discussing your situation. You’ll need to talk about your experiences, triggers, and emotions to understand them. That way, you’ll be able to make informed decisions about the adjustments you need to make in your life. Your counselor will be there with you in your journey to shift your focus and gain back more control. It won’t be easy, but always keep in mind that this is all for you.

Frequently Asked Questions (FAQs)

How do I control my fear of stocks?
How do you stay calm when stocks go down?
Should I panic if my stocks are down?
Should you panic about the stock market?
What will the stock market do in 2022?
Should you invest during a crash?
How long did it take the stock market to recover in 2008?
How do you get rich in a recession?
Will the stock market crash again in 2022?
Where should I put my money before the market crashes?

February 11, 2021November 13, 2023

Depression Demystified: FAQs For Bipolar Traders Seeking Triumph In Business

I have been stock trading for more than six years now. I started doing it in my last year in college out of sheer interest in the field, even though my collegiate background was too different from it. (I studied Theater back then.) A friend showed me how I could monitor the stock market and make money out of it without leaving the house, and that’s what I have been doing ever since. I merely did theatrical acting part-time, but my full-time job now involves stocks.

Despite the sense of fulfillment that I got whenever I traded stocks, many people still questioned my focus. Most of them believed a job that could be done at home was not a job at all – it was more of a hobby than anything. My own parents often told me, “You are not getting any younger, Doug. If you do not want to become an actor anymore, then we will be more than happy to send you back to school and get a law or business degree.”

While I often responded with a laugh or the waving of a hand, hearing the same thing – the same lack of trust in my ability to excel in my chosen profession – began to wear me down. I used to maintain a happy disposition even when the Great Depression caused the stock market to tank; I did not feel hopeless when it went on for months. I just waited patiently for things to improve. However, the more I listened to my non-supporters, the more I wondered if I was genuinely doing what’s right for me.

A focused business minded individual analyzing the trends on both his of his computer and phone. — Source: pixabay.com

Spiraling Down

My self-confidence continued to crumble when two of my five investments went on a slow but steady decline. I had this 80-inch flatscreen TV in the office where I watched the stock market graph every day, and it saddened me to see that those two might not recover anytime soon. When the third one dropped all of a sudden before my eyes, I lost it. I started weeping and feeling helpless, like a little boy who could not find his parents at the mall.

That’s how my wife found me. She was rooted to her spot for a moment (probably because she never saw me cry before), but then she eventually ran towards me and asked what was wrong. Though I tried to contain my sobbing, I couldn’t. I blurted out all my worries about the stock market and how I could not seem to think of a way to reduce my losses.

My wife looked at me in the eyes. “Baby, perhaps it’s time for you to see a psychologist. I know you have been spiraling down little by little, but this – the crying and the negative self-talk – is on another level. I would honestly appreciate it if you get mental illness help sooner than later.”

My tears stopped falling for a minute. I had not thought of that before – the possibility of having a mental disorder. When I agreed, my wife contacted her psychologist friend once, and we went to her house in the same afternoon. The psychologist did a few tests until it turned out that I most likely had a bipolar disorder, although I experienced depression (all-time lows) more than mania (all-time highs). It was mild, and I was apparently lucky to have it detected early, but I still had many questions about my new health (bipolar disorder) condition.

My Health Recovery From Depression Disorder

The psychologist prescribed me a mood stabilizer, which I took religiously every day. I also began therapy and started writing down my thoughts, which was a way to better understand my feelings. I also created a support system with family and friends who were willing to listen and help me in any way they could.

At first, it seemed like a never-ending tunnel with no light at the end. But slowly, I began to feel better. I was more in control of my emotions and I was able to think clearly. I was even able to look at the stock market again without feeling hopeless.

The most important thing I learned from my journey was that bipolar disorder does not define me. I can still do what I love and be successful at it. I may have to be extra careful with my finances, but I can still make money from the stock market. This is something I’m proud of, and I’m looking forward to continuing to grow and learn.

How I Feel Now

In the end, it was a long and arduous journey, but I was so fortunate to have been able to beat depression. I had the support of my family and friends, and I was able to find a psychologist who could help me better understand my condition.

I’m still taking my medications and attending therapy, but I’m feeling much better now and no experience of side effects at all. I’m more confident in my ability to trade stocks and make money from it. I’m more in control of my emotions and I’m more aware of my actions. I’m happy to say that I’m now living a life free from depression, and I have so much to be grateful for.

Winning Against Depression: Tips For Traders

If you’re a bipolar trader, you know that managing your condition and your investments can be a difficult balancing act. Beating depression for bipolar traders can be double the hard but manageable. Here are a few tips that can help you stay on top of your game:

1. Stay organized and keep track of your finances. It’s important to keep track of your investments and know how much you’re making or losing. This can help you make objective decisions and keep your emotions in check.

1. Take regular breaks. Investing can be stressful, so it’s important to take breaks throughout the day. Take a walk, take a nap, or just take a few minutes away from the computer to clear your head.

1. Seek professional help. It’s important to be aware of any signs of depression or mania. If you start to feel overwhelmed or if your symptoms are getting worse, it’s best to seek professional help.

1. Get plenty of sleep. Make sure you’re getting enough rest each night to help reduce stress and keep your energy levels up.

1. Eat healthily. Eating a balanced diet can help you reduce stress and improve your overall mental health.

Final Thoughts

Bipolar disorder symptoms can make it difficult to stay in control of your finances, but with the right strategies and support, you can be successful as a trader. With the right mindset, you can make smart investments, minimize losses, and maximize your profits. With patience and dedication, you can find success in the stock market and live a life free from depression and mania.

What Is The Number 1 Cause Of Depression?

Experiencing life challenges for a long time is the primary cause of depression. Imagine, if you cannot find work, someone always bullies you, and your relationships are strained, you may be unable to help but feel like everything is going against you. Worse, you may believe that the situation will never change.

What Is The Most Reliable Symptom Of This Mental Health Condition?

A sense of worthlessness is the most reliable symptom of depression. It is evident in most – if not all – types of mood disorder. Because of this symptom, you may not want to talk to anyone or do anything, to the extent that opportunities pass you by, thus depressing you further.

What Methods Do You Do To Improve Your Mood Better?

Listen to music. The more upbeat it is, the better. It may be better if the songs have been sung by your favorite singers so that you can sing along and feel the lyrics.
Walk in the neighborhood for at least 15 minutes every day. Getting exposed to sunlight is ideal for improving your mood.
Look for a reason to laugh daily. The act of laughing tends to increase dopamine production in the brain and oxygen in the body.
Clean your house. This activity can clear your mind, especially when you see that everything is in order.
Offer a hug to someone. Experts say that a simple touch allows your brain to produce more oxytocin, a love hormone. In case you are alone, doing a self-massage will do the job.
Count your blessings every day. Ask yourself, “What good things happened today?” Write them down or think about them to feel better.
Confide about your issues with a loved one. Often, your mood will not improve if you keep on harboring negative feelings.

The emotional toll of a business loss. A man that is so heartbroken and devastated because of financial strain. It affected his overall wellness. — Source: pixabay.com

What Is The Most Severe Form Of Depression?

Atypical depression is most likely a severe form of mood disorder. It is a subtype of dysthymia that often appears for the first time during teenage years. People with atypical depression experience the following:

Hypersomnia
Weight gain
Intense sensitivity to failure and rejection
Feeling leaden
Excessive fatigue
Suicidal tendencies

What Are The Four Types Of Depression?

Clinical depression: This severe mood disorder causes individuals to feel helpless, hopeless, and unworthy of love and attention. It is typically not caused by grief or physical condition.
Chronic depression: You experience depressive symptoms for no less than a year, but they are milder than what people with clinical depression deal with.
Manic depression: Its new name is bipolar disorder. When people have manic depression, their mood swings tend to be extreme and may last for days every time.
Seasonal depression: This mental disorder is usually experienced during the wintertime due to a lack of light exposure.

How Do I Know If I’m Bipolar?

The following symptoms characterize bipolar disorder (BP):

Excessive sleepiness or sleeplessness
Low or high moods
Impulsive thoughts and behavior
Sense of worthlessness and hopelessness
Faster speech than usual

What Are The Four Types Of BP?

Bipolar 1 disorder: You experience extreme mood swings for an extended period.
Bipolar 2 disorder: The manic and depressive symptoms are somewhat mellow, although they are still noticeable.
Cyclothymic disorder: You deal with depression and hypomania, but they do not last long.
Mixed bipolar disorder: You experience varying symptoms simultaneously.

What Triggers BP?

Several factors can trigger bipolar disorder, such as:

Abusing alcohol, drugs, and other substances
Being in the presence of a mother, father, brother, or sister with the same condition
Dealing with excessive stress or traumatic event

What Are The Signs Of BP In A Woman?

When a woman has bipolar disorder, the following symptoms can be observed:

She gets irritated quickly.
She has more energy than usual for various activities.
Her self-esteem increases.
She does not sleep much.
She talks a lot, to the extent that people may not understand all the words.
It is challenging for her to concentrate on a single activity.
She gives in to impulsive thoughts without worrying about repercussions.

Can Girls Be Bipolar?

Yes, girls can be bipolar. In truth, people with bipolar disorder, particularly women get diagnosed as frequently as men. They tend to experience this condition’s symptoms more often, considering women deal with hormonal changes every month.

There's always a way to focus on beating depression for bipolar traders. You just have to look for better solutions to cater for your overall mental and emotional wellbeing. — Source: pixabay.com

Are Tattoos A Sign Of Mental Illness?

Studies reveal that individuals who get tattoos tend to use ink to cover up their lack of self-esteem. They are also more likely to get diagnosed with a mental illness than others. In that sense, it may be safe to say that having tattoos indicates a person’s poor mental health.

How Do Doctors Test You For BP?

In reality, there are no specific medical examinations for bipolar disorder. When you see a doctor for the first time, they will want to run brain scans and thyroid function tests first. The latter is important, considering a malfunctioning thyroid gland can cause a mood disorder like depression. Once hypothyroidism has been ruled out and the symptoms of depression – and mania – are still there, the doctor may refer you to a psychiatrist or psychologist for a mental health evaluation.

The thing is, you cannot expect to receive a diagnosis after your first evaluation. Besides talking to you regarding the symptoms and their duration, the mental health professional may want to discuss the matter with your loved ones to figure out what other signs have still not been mentioned. Only when they manage to rule out other mental conditions they can diagnose you with bipolar disorder.

Can Bipolar People Tell They Are Bipolar?

The answer is no. Many bipolar people do not realize that they have the disorder, especially if they have been previously diagnosed with ADHD or depression. As you know, depression is one of the primary symptoms of bipolar disorder. But if your sense of worthlessness gets replaced by manic symptoms sometimes, you should see a psychiatrist ensure whether you have bipolar disorder or not.

Is Bipolar Inherited From The Mother Or Father?

It is quite rare for people to inherit the bipolar disorder from any parent. However, when it happens, it is typically from the mother. One study backed up this idea, citing that between mothers and fathers that they have tested, the latter failed to pass down bipolar traits to their kids.

Is The Type 1 Or 2 Worse?

Bipolar 1 disorder is worse than bipolar 2 disorder. When you experience the former, you tend to have severe manic symptoms. You feel invincible; it’s as if nothing can hurt you. But with bipolar 2, the manic symptoms may be diminished, albeit slightly.

Final Thoughts

My wife and I had a long conversation that night about what I should do to get better. I was more depressed than manic, so we both thought that was nice – it meant that I would not have daredevil moments in the future. As for depression, we chose counselling and therapy – and lots of exercises – over antidepressants.

A couple of months later, my chosen treatments seemed to be working as different ideas on avoiding significant losses in the stock market flooded my mind again.

Depression-Busting Insights: Frequently Asked Questions for Bipolar Traders

Can Bipolar People Be Successful In Business?

Yes, absolutely. The mental health condition is characterized by extreme mood swings, along with manic episodes and depression. While the condition presents unique challenges, management through medication, lifestyle changes, and a supportive system can help anyone with this disorder to succeed in their chosen endeavours, even in the business world.

How To Deal With A Bipolar Person During A Depressive Episode?

People suffering from mental disorders need empathy, understanding, and support. When dealing with someone during their episode, it is important to let them know that their feelings are valid and that you are there for them. Moreover, it is crucial to encourage them to seek professional help and if possible, assist them in connecting with the right mental health professionals.

You can also encourage them to do some self-care activities, such as gentle exercises, practice relaxation techniques such as breathing exercises, keeping a regular sleep schedule, etc. You can also offer to help them in practical tasks or assist them in their daily responsibilities to help alleviate some of the burden.

More importantly, the depressive episode takes time. Thus, it is important to be patient with them and avoid judgment so they can express their thoughts and emotions.

Can Bipolar People Control Their Depression?

While there are things they can do to manage and minimize the impact of the condition, people with bipolar disorder have no direct control over the manic episode of the condition.

The medically reviewed treatment plan includes a combination of techniques, from long term holistic to medication, such as lifestyle change, therapy, and prescription medication. Moreover, developing coping mechanisms is crucial for people with this disorder. Regular exercise, a healthy sleep schedule, and practising stress-reduction techniques, as well as having strong support from an immediate circle (and support groups) can make a huge difference in positively managing the condition.

How Do You Make A Bipolar Person Happy?

Happiness is subjective and varies from one person to another. Not to mention one’s happiness is dependent on their current mood state. Generally, however, those who suffer from bipolar condition need support and understanding, while being respected for their needs. People suffering from episodes of hypomania need encouraging engagement in activities they enjoy. Moreover, they need to spend quality time together with their family and loved ones.

During depressive episodes, on the other hand, they will need empathy, non-judgment, and their support system’s presence for support. Help them cope with the episode by validating their feelings and listening actively. Remind them of their strength and resilience. Moreover, encourage them to seek professional help to get the proper treatment plan.

When Does Bipolar Depression End?

As with other mental health conditions, bipolar depression can vary greatly from different factors, including the individual and the specifics of their condition. Episodes of this condition can last for a few weeks to months. However, each episode can vary in intensity and length. Whatever the specifics are, it is crucial for anyone experiencing this condition to seek professional help and get the proper treatment plan.

It is important to note that bipolar disorder is a chronic condition. The goal of the treatment plan is to help the individual to recognize the symptoms and manage their emotions and mood. This is the only want to reduce the intensity and frequency of each episode. Regular treatment and monitoring and working with a mental health professional is crucial for managing this mental health (bipolar disorder) condition.

October 17, 2020November 13, 2023

Learning All About Pathological Trading (A Mental Health Issue)

As with any advanced and risky form of trading investment, it is wise that we have an adequate financial education before we dive deep into the Pathological type of Trading in any financial institution. It is illogical for us to go into an investment we do not understand. No, these are not riskier financial instruments. Making this move can cause you greater harm than you would have expected.

Believe it or not, there was a time in my youth when people around me constantly told me that it was important that I invested in the stock market when I reached the age of 21. But I had known nothing about the stock market crash and what investing in it meant.

Continue reading “Learning All About Pathological Trading (A Mental Health Issue)”

July 25, 2020May 5, 2023

Family Is Into Saving, Investing, And Trading

Learning to save is really a must especially for the working-age group. We work to earn money so we can spend and buy whatever we want and whatever we need. But how about during “rainy days”? Do we consider it in the future or just think about the sunny or better days? Of course, we will always be thankful for better days most especially those “paydays” in which we can already grasp our most awaited salary during that period.

Continue reading “Family Is Into Saving, Investing, And Trading”

June 27, 2020August 4, 2020

Economy Is Down – COVID-19 Effect

As of today, the world already has more than 9 million people infected by COVID-19, with 471,754 deaths and 4,513,310 recovered. In the Philippines, we have reached 30,682 cases, with 1,177 deaths and 8,143 recovered. This is genuinely a health crisis we are facing, and it seems it has affected all aspects of our lives: economically, politically, psycho-emotionally, socially, culturally, and spiritually.

Continue reading “Economy Is Down – COVID-19 Effect”