Compulsive Trading Disorder

C

cap'ncod

Would just like to canvass others on good online help and support resources for those with a gambling/ trading problem. Purely for those who need help. Thanks.
 
Quote from emg:

Here is an interesting article of compulsive gambling. Remember Mark Burton?

http://www.nytimes.com/1999/08/05/opinion/day-traders-as-gamblers.html

Mr. Barton is believed to have started his killing spree in Georgia on the day that his account at one day trading firm, Momentum Securities, ran out of money with losses of more than $105,000.
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Quote from emg:

Here is an interesting article:

http://cmhc.utexas.edu/booklets/gambling/gamb.html

according to the article:

"Most all of us have sat around and fantasized about what we would do if we won the lottery or hit it big in Las Vegas"





"one of the hardest things about helping people with gambling problems is that they are very likely to deny they have any problem even when it's obvious to people around them."

that means, there are many small traders deny they are gamblers.


"Time magazine estimates that there are nearly eight million compulsive gamblers in America, one million of whom are teenagers."

"Compulsive gambling is the advanced stage and involves behavior that is out of control."



Compulsive Gambling is a terrible terrible disease. I believe it is worse than heart disease.

http://articles.latimes.com/1986-10-28/business/fi-8124_1_compulsive-gambling





The key to avoid of becoming a gambler and become a successful trader is HIGHER EDUCATION ( Mathematics and Computer Science degrees).


MIT BlackJack Team proved advanced mathematics beat the casino. The difference between small traders and MIT BlackJack team are small traders are lower educated, gamblers, and are under capitalized. MIT BlackJack Team is higher educated, are NOT gamblers, and are well capitalized when playing.


More than 90% of small traders lose. They just lose!
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Quote from emg:

Definition of compulsive Gambling:

Compulsive gambling is the uncontrollable urge to keep gambling despite the toll it takes on your life. If you're prone to compulsive gambling, you may continually chase bets, lie or hide your behavior, and resort to theft or fraud to support your addiction.

Compulsive gambling is a serious condition that can destroy lives. Although treating compulsive gambling can be challenging, many compulsive gamblers have found help through professional treatment.

http://www.mayoclinic.com/health/compulsive-gambling/DS00443

http://www.ncbi.nlm.nih.gov/pubmedhealth/PMH0002488/



In this case, according to this article:

http://www.trutv.com/library/crime/notorious_murders/mass/work_homicide/index.html

"Mark Barton had been on a losing streak, and on Thursday, July 29, 1999, he had an appointment with the management at Momentum Securities to put up $50,000 cash, so he could continue the fast-paced, high-risk stock market speculation that had become his obsession. On Tuesday he had lost his trading privileges for the second time in three months, and the check he had written to cover his margin had bounced"

"In 1999, he lost several hundred thousand dollars of personal income while day trading at Momentum Securities and All-Tech. He had initially hoped to increase the money so that he and Leigh Ann would never have to work. Yet, his plan backfired and he ended up owing as much as he hoped to have earned.

Simultaneously, Barton’s dreams and his mental state began to rapidly diminish. By July 1999, he was at his rope’s end and he was becoming increasingly angry at the cards fate had dealt him. He decided to exact his revenge over a period of three nightmarish days filled with murder. It would also result in one of the largest and most gruesome occupational homicide cases in Atlanta’s history."



Compulsive Gambling is a terrible terrible disease. He tried to reload his account, but his check bounced and ended up murdering.


Are u suffering compulsive gambling? It seems like u are in a state of denial.
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Quote from emg:

http://articles.latimes.com/1986-10-28/business/fi-8124_1_compulsive-gambling



Growing Number of Traders Seek Professional Help : Compulsive Gambling Hits Commodity Pits
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"If these markets attract people who want to take risks, I am hard-pressed to see how that can be an indictment of our industry," said John Damgard, president of the Futures Industry Assn. "Faulting the derivative-products industry (for fostering compulsive gambling) would be like blaming the highway department for building bridges for people to jump off."

I would contest that due to the nature of leveraged derivatives it IS a gambler's paradise. It is extremely accessible. There are literally hundreds of firms promoting the possible rewards of futures trading. It's all about pushing the dream of easy riches. Then you have the industries that surround the brokerages, i.e. data, software, education etc, etc. They all keep the dream (Myth?) alive. Of course the elephant in the room among all this, are those that profit from the sheer volume of contracts traded by the hopeful mass of Gamblers.
 
Is it still gambling, and do you still need help, if you routinely win? I tell all my patients that if they always get off, their sex is not compulsive.
 
Quote from cap'ncod:

Would just like to canvass others on good online help and support resources for those with a gambling/ trading problem. Purely for those who need help. Thanks.
More...

I think I have a gambling problem.

I cannot quit by myself, I need outside help. What do you suggest?
 
From Psychology Today: "Dopamine is a neurotransmitter that helps control the brain's reward and pleasure centers. Dopamine also helps regulate movement and emotional responses, and it enables us not only to see rewards, but to take action to move toward them."
 
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