Stock Market Gambling
Are you addicted to gambling? How about taking risks? There
are many who are literally addicted to gambling and the stock market is their
drug of choice. There are many options available for their gambling pleasure
and the tables, it seems, are always open with various markets around the world
opening up to US money and the prevalence of Internet trading venues that are
available to the average investor through nothing more sophisticated than a
computer and a modem.
Day trading is a particular draw for those who are addicted
to gambling through trading stocks. It provides the ups and downs very similar
to the roll of the dice or the ringing of the slot machines and instant hits
and misses. It can even be addictive for those who have never set foot in a casino.
Of course this type of investing isn’t the only investing that is very much
like gambling. Any high-risk investment is going to bear some similarities,
especially those that offer high payouts to those who do succeed on occasion.
The problem is that that addictive gambling can be
devastating to friends, family, and finances. If you suspect that you or
someone you love has a gambling problem you need to either get help yourself or
encourage them to get help. There are many ways that this can be accomplished
and anonymous help can be found online. Day traders have gained so much
notoriety as potential gambling addicts that gamblers anonymous has begun a
support group specifically for those who are addicted to gambling via day
trader trading.
If you have the personality that is easily addicted to
things such as lottery tickets, slot machines, chocolate candy bars, etc. this
doesn’t mean that you can’t ever trade on the stock market it just means that
it might be a good idea to avoid some of the higher risk trading and stick with
more slow and steady options such as mutual funds, CDs, and the like. Your
rewards are likely to be better over time and you aren’t likely to experience
the ups and downs that go along with activities that closely resemble gambling.
An addiction to gambling is a serious problem that can ruin
a family financially. It is imperative that you get the help you need if you
discover that you have a gambling problem. The first suggestion is to close up
all stock market accounts that could lead to temptation. Removing temptation is
always a great first step when fighting any addiction. You also need to seek
support. There are many groups around the country such as gambler’s anonymous
that can provide you a close knit support group whenever temptation strikes. If
your local chapter has a group that is designed specifically for those who are
addicted to gambling through day stock trading that might prove to be the best
choice to help you on the road to recovery from your addiction.
If you have been addicted to gambling in the past you should
also avoid the temptation that day trading may present. Addictions may be
overcome but they are never cured and temptation for many can prove to be the
fatal downfall. Do not allow your gambling addiction to take control of your
life once again by entering into the world of day trading after working so hard
to overcome your addiction in the first place and build a life after the
sometimes devastating effects that addictions can bring.
Gambling is nothing new to the world and there is nothing
wrong with having the sort of personality that likes to take a gamble on
occasion. In fact, there needs to be a little bit of that personality type in
every day trader. It’s when the gambling becomes a problem and takes over your
life and your ability to make rational decisions about the money and the risks
you are taking that it crosses the line between gambling and a gambling problem
that borders on or is a gambling addiction. If you have crossed that line, get
help today.
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