- This topic has 4 replies, 3 voices, and was last updated 5 years, 7 months ago by charles.
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4 March 2020 at 10:09 am #54411HPTParticipant
I start “trading” more than 15 years ago, when a friend told me that in Forex, you can get 400X leverage… I start there and after trading demo accounts, reading books, seminars, etc I loss around 10k in the next years… then I move from forex to stocks and futures, which was making money, and then a big loss… after a lot of research, time and energy invested… I move to selling options, which work very good for some years, and then a big loss… in the meanwhile it was hard to focus in my job, my mind was always thinking in new strategies… it help a few years ago, when I also take some loses… I start withdraw money from my trading accounts, to buy rental properties with mortgages, in that way, since the money is invested in the property, I didn’t have access, when “hot opportunities” show in the market… then after a few years of good returns, I start offering my “managing services” to friends and family, in general they made money, but all this take me a lot of stress, time and energy I also take big loans to make more in “hot opportunities” since I was paying around 5% a year in interest, and expect to make 20% a year, seem like a good business, until I get another loss, that make me sick… i was hard for me to sleep some nights, my stomach and back still hurt…. I’m happy that in my friends and family, didn’t take too much risk, so they have a small loss, but still up since inception… After making the GA 20 QUESTIONS, i start to understand that maybe I have a gambling problem… Being able to walk away from a bad gamble is a skill every gambler should have, and that includes gambling that’s bad for your health or social life. I want to move from active trading, to passive buy and hold, without leverage, and move money to pay my loans, and after that to continue investing in rental properties… Even if with active trading I can make in theory, 20% or 30% more per year, than a passive investment, it’s really worth all the time, energy, and loss opportunity in my job, which I loss? I am keep posting to stay close from this forum’s community and to always be reminded that I am a gambler any comment or advise will be appreciate.
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4 March 2020 at 11:41 am #54412duncParticipant
Hello and thanks for starting a thread in the Gambling Therapy forums
Here at Gambling Therapy we pride ourselves on being a caring and diverse online community who can help and support you with the difficulties you’re currently facing. We understand that this might be a tough time for you, particularly if you’re new to recovery, so come here as often as you need to and participate in the forums, access online groups and connect to the live advice helpline if you need one to one support. We’re in this together!
Here on the forum you can share your experiences in a safe, supportive and accepting environment. The beauty of writing it all down is that you can take your time and you will be creating a record of your progress that you can look back on if it ever feels like you’re not moving forward. So, share as much or as little as you like but do try to stick to keeping just one thread in this forum so people know where to find you if they want to be updated on your progress or share something with you.
As well as the forums New Members are invited to join Charles in the New Members Practical Advice Group On Mondays at 21:00 (UK) and Thursday at 19:00(UK)
And on that note….
I’m going to hand you over to our community because I’m sure they will have some words of wisdom for you 🙂
Take care
The Gambling Therapy Team

PS: Let me just remind you to take a look at our privacy policy and terms and conditions so you know how it all works!
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4 March 2020 at 5:15 pm #54413HPTParticipant
I’m closing positions, no open new ones (even that I see some opportunities), the idea is to take some time without trading…
I also start listen the audiobook: The Easy Way to Stop Gambling
Thinking of all the vacations, and time with my family, when my mind was “in the markets” or when I have some “paper loss” and can’t enjoy these vacations, make me sad… but the best is yet to come!
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6 March 2020 at 7:44 am #54414HPTParticipant
Hi, what you wrote about ” forex options trading for 15 min” or binary options is pure gambling, since you buy the options and the odds are against you…
Selling options, with 45 days to expiration or more… look like a business. Since you have the odds in your favor, you became the casino or an insurance company… and you can make money most months of the year… the problem is the big losses that are hard to control, and the time, focus and energy that take…
My question to this forum is, if a gambler make some money, it’s still a problem?
I start reading the book
The Easy Way to Stop Gambling by Allen Carri has very valuable ideas…
thanks
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13 July 2020 at 7:27 pm #68490charlesModerator
Hi HPT,
n
nJust seen your question. It’s not likely to happen but yes it could still be a problem. If gambling, or indeed anything, is done to excess/the detriment of other things with as you say the time, energy etc that it takes up. As I said though, it’s not going to happen with that lack of control you mention.
n
nAlex, I hope you start your own thread and tell us a little about your own situation. Just scroll to the bottom and click on new topic, you can get a lot of support here.
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