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201  Economy / Economics / Re: Financial Advice for a young millionaire on: April 17, 2024, 02:58:31 PM
If the business that is inherited is very large and the money circulating in it is also very large, then yes, the advice is clear, however, he must have good management of the company's money, make sure that any allocation of money is used for targeted things, and make sure to be careful and alert whenever you place your trust in people, including business partners, because usually money is a priority for everyone and sometimes business failure is usually always triggered by mistakes in managing money or carelessness in placing trust in someone (business partners) who ultimately put their trust in people who have evil intentions.

18 years old is an age that tends to still be childish or meaning that it has not really reached the mindset of mature maturity and clearly this can cause problems when making decisions, what is worried is that it is very likely that he will make careless decisions, and according to I'm too young to manage such a big business and it's too risky, but if for example they are someone who really wants to learn then maybe over time they can develop knowledge, skills and management which can become experience to become better in managing the company or business.
202  Economy / Trading Discussion / Re: Trading is not a lifetime job. on: April 17, 2024, 01:58:29 PM
Certainly trading can never be a lifetime job, we cannot earn money from trading all time. We must have losses at some point. If we don't have a permanent good job system, then we will not be able to cover these losses in trading, so it will have a lot of impact on our daily life. So we must have a good job system (From which we will get a good salary), So that if we have a loss from trading then we can cover that loss and continue trading again.

Basically, whether trading will be a lifelong job or not, in my opinion, depends on the trader. I can't say that trading is not a lifelong job, but perhaps more accurately I agree to say that trading is not the main job, or what I mean by trading is not can be used as the main job in life, one of the reasons is because yes you have also said above that this idea is not good because trading is a risky activity and the risks can never be completely avoided.

There is the possibility of risk causing a trader to experience unexpected losses, but when we have good planning, management, control and risk management then it is clear that we will be able to slightly minimize the possibility of significant risks occurring, or that means we can avoid excessive losses. great because it has good risk management, but overall there is absolutely no compulsion for anyone to get involved in the world of trading in the long term, simply put, if for example you are still able then do it.
203  Economy / Gambling discussion / Re: Not everyone deserves to hear of your winning in gambling. on: April 16, 2024, 05:46:38 PM
Why create bad karma for yourself by unnecessary boasting? Sooner or later, this karma will receive a boomerang of punishment. In general, I can say that boasting is a natural human characteristic. This is probably a special kind of instinct. This is at the gene level. It's hard to say what the biological meaning of boasting is. Perhaps the desire to raise your social status in the eyes of others. It's better not to do this, it often ends badly. If you really want to brag, slightly underestimate the amount of your winnings. And brag only to loved ones who will not envy you.

I believe there is no point in bragging about gambling achievements. Firstly, because gambling is very much dependent on luck and win a large sum of money repeatedly is unlikely to succeed. Secondly, bragging is the fate of a weak person who, as you rightly said, is trying to make himself stronger in the eyes of others. In my opinion, if a gambler wants to improve his self-esteem after a big win the best solution would be to give a small part of the money won to a charity or buy things and personally take to one of the orphanages. 

What you said is also true my friend that there is actually no point in saying or showing off the achievement of victory in gambling because the results they get are nothing more than the victory they get when they are in a lucky situation, gambling has absolutely nothing to learn to make you always win, because in the end it is always about the chances of winning and the possibility of losing which is not based on any certainty and guarantee, meaning that no matter how big your victory is in the end it is still possible for you to experience defeat in the next few sessions which may be greater than your current victory.

Well exactly, if they just brag about themselves regarding the victory they managed to get then I think there is nothing to appreciate because it is nothing more than just luck, but if for example they use the winning money as a result of the lucky situation on some useful things such as donating some of the winnings to the orphanage or to the poor or the poor then obviously it is an act that I think deserves appreciation.
204  Economy / Trading Discussion / Re: advice for a beginner on: April 16, 2024, 05:25:13 PM
Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.
Actually the newbies think that trading is very easy but actually trading is not that easy. Trading is very easy for those who are professional traders, they can profit by trading. As you are a new trader you should learn about trading more. Those who are professional traders were also new traders in the beginning and slowly they became professional traders. You learn to analyze the market, try to buy the right coins. Don't rush to trade, be patient and learn more. Hope you too can become a professional trader one day.

The assumption issued by beginners who say that trading is easy because they do not fully know about how the real difficulties that exist in the world of trading, and maybe the idea came out when they managed to make a profit in one of the sessions they did, but I'm not sure that they made a profit as a result of the knowledge they have which means there is a high probability that the profit is obtained when the market is in their favor and I think there is also a high probability that they do not know about what makes them succeed in getting the profit. And actually whoever it is whether you are a professional trader even though in my opinion you still won't conclude to say that trading is easy because the possibility of risk will always haunt you as long as you run the session, but the difference is maybe when you are a professional then you are sure you already have more knowledge in terms of finding profits than beginners. On the other hand yes of course as you said that novice traders must have a strong desire and intention to learn, there is no profit if you do not have a way to fish for it or to pick up the profit, and when you have a strong intention and determination to learn along with being able to be a hard worker and have good consistency in learning then in the end you will also be able to become a professional trader who will have a lot of experience and knowledge in terms of seeking profit.
205  Economy / Gambling discussion / Re: Gambling addiction causes loss on: April 16, 2024, 05:05:23 PM
~~~
Actually, regardless of the amount of budget used if for example your intention and goal is to pursue victory to restore something that has been lost or pursue the recovery phase then yes as you said that it is a bad idea, no matter what percentage is allocated even though the amount is quite small but still the intention and goal is wrong which in the end will only make the person suffer a greater amount of loss, that is certain and will happen over time.

However the best is yes as you said that the right solution is to quit gambling and never touch gambling again, one of the reasons is that we must understand that gambling will always be an activity full of uncertainty where the possibility of losing will always be a sure thing in every session you do, and losing $64k is such a huge amount that I think it's already impossible to reach the recovery phase, so of course the right solution is better to be patient to let go of everything that has been lost and then stop gambling, don't pursue recovery because in the end it is clear that you will most likely only increase the amount of defeat.

It appears you are correct in saying that trying to win back losses through gambling can be a treacherous route. Regardless of the budget, making the primary objective to offset prior losses can create an unwholesome and harmful cycle.

Gambling can be characterized as an activity with high uncertainty, which implies that there is always a probability of losing. Losing large amounts of money is definitely devastating and hard to recover from. Recognizing that the best way out is to quit gambling can be seen as a rather smart move. It’s a long process that requires time, perseverance, and willpower in order not to get back on the same path seeking a solution. Rather than dwelling on past mistakes, it’s better to concentrate on healing and self-improvement so that in the future one avoids such harmful patterns.

Stopping the addiction of gambling is the most powerful and brave step anyone can ever take to make a change in their life. This marks the beginning of your path towards being healthy and regaining your freedom from the negative impacts of gambling.

Therefore this is the reason why a gambler is always advised to gamble with the amount of budget that you can afford to lose, or that means you should put money that will not be a problem for you if you eventually lose and lose, and of course the benefit is to minimize emotions and inability to accept the fact of losing in gambling or the point is that we can be responsible for the decisions we have made and not think about chasing something that has been lost. Another thing is of course gambling is always about the chances of winning and the possibility of losing, but if for example you only see and want the winnings then maybe I would say that is a loser who only wants to win but is not ready to accept defeat.

Yes as I said earlier that gambling is an activity that is full of uncertainty in terms of the outcome at the end of the session, simply put you can win but you are also very likely to lose, gambling will always be about the possibility of both outcomes, therefore of course chasing victory to restore something that has been lost is a bad idea that will only lead us to a much worse situation such as experiencing greater losses because there is no certainty and guarantee of being able to win. As you said and it is true that it is better to concentrate on healing, there is no other solution but to let it go and only in this way you can be free from other bad possibilities that are likely to come when you choose to continue.
206  Economy / Trading Discussion / Re: Trading is not a lifetime job. on: April 16, 2024, 04:46:41 PM
Basically, I agree that trading is not a lifetime job, because trading has a lot of risks. I also suggest for people who want to try to focus on trading to have other income, whether from work or business. However, when you are successful in trading, don't forget to develop the business you have, or build a business to earn other income. I think that trading is not suitable as a job for life, but it can be an income that can encourage us to achieve financial freedom by using profits from trading to support the businesses we have which is suitable as a job for life
to be trading for entire life, definitely can be done, the question is, are we really have the will to trade until our entire life? considering that trading is exhausting activity where having mental stability is matter a lot.
many people don't like trading as a job for the lifetime because its just not really an activity that they are looking up to.
they just want some good easy to do job when they are already old, with trading, even if we are making money and im talking about good money, there's still a big chance that within few times forward we might lose a money due to volatility, definitely can't do that when we are old enough.

Trading is not a main job that can always provide income, the possibility of risks that cannot be fully tolerated is always a problem that makes people reconsider their intention to make it a main job, and this is why people usually prefer to make trading a side profession to increase their income. And I think this is actually everyone's choice, you have said the right thing that trading is not always easy to do, because it is very draining on our minds and also mentally when we analyze a market.

It is true that when a person has entered old age then it is certain that they will experience a decline in thinking and remembering things so of course it is likely that trading will be increasingly difficult to do because the situation is not possible and most likely we will probably experience more losses than profits regardless of those of you who are experienced in the world of trading when you enter old age.
207  Economy / Economics / Re: The benefits of risk taking on: April 16, 2024, 04:26:09 PM
Of course, the point is that we must really be able to manage and control greed in ourselves, because usually this is something that always triggers the problems experienced by most investors who in the end they even experience losses which is because greed is always based on desire and dissatisfaction, while the market will not always be on our side, which means that not all times are the right time to enter the market.
Yes you are right everyone should have the ability to control greed because otherwise it can put them at a loss. Greed can have a negative effect on people who invest because they are unable to control themselves. Dissatisfaction with the profits obtained will create a feeling of wanting to get them back and although that is good, people must be able to control greed. There are many people who fail in their investment plans, it is because of excessive greed.

Self-control is important and if someone can carry out investments correctly it will provide a way when making decisions. Greed based on getting big profits quickly will give someone the opportunity to suffer losses in investments, so control this risk so you don't lose.

Yes of course, and sometimes people or investors are very likely to treat investing like gambling when they cannot ignore the greed aspect of it, which is actually clear that the market will not always be in our favor when we want to make a profit, and this is why an investor or perhaps a trader is required to have a plan and management that will tell them the boundaries of when is the best time to paddle and when to pull over, because the nature of the market will not always match the strategy that you have so when you apply greed then you are likely to apply strategy A in a market that is B which means it is not suitable and even cause losses.

True, I think self-control is already inseparable in some preparations that every investor or trader must have, because only this can minimize the possibility of loss, and on the other hand it is useless if for example you have a fairly accurate strategy but you do not have good risk management such as the ability to control and put limits at the right time then in the end all the profits you managed to get will be lost again, and this approach will only cause a lot of pressure and tension which usually makes investors even deeper into losses due to uncontrolled emotions due to expectations that do not match expectations and even cause losses.
208  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: April 15, 2024, 08:45:41 AM
That true and indeed both of them are focused on the UCL which prevents their main players from getting injured, this is something that every coach definitely does when the team they are looking after has entered round that is close to the final in an important competition.
Moreover, Real Madrid is guaranteed to win the La Liga title and for Barcelona it is impossible for them to win the title so for now both teams will only focus on the UCL and be more relaxed and careful in La Liga matches.
If in La Liga both team played seriously and with full performance then big win would definitely be easy to achieve but now everything is clear for La Liga and nothing can be changed regarding the position of the standings.
Next week we will see El Clasico and maybe Real Madrid can still win it.
This happens because in La Liga they have a distance that can be said to be safe, so they can take the risk of fielding their full strength in a La Liga match, especially when they face a weaker club, unless they are facing an equally strong club like in an El Clasico match. will be played after the second leg of the Champions League.

In the Champions League, Real Madrid have an even tougher task, because they will play at Manchester City's headquarters, unfortunately they still have a draw after failing to win the match in the first leg. However, even though they will be a visiting team, they will play as well as possible and beat Manachester City to qualify for the semifinals. Of course, that is not something easy for them to do, because Manchester City itself is a strong club and even according to the odds given by the bookies, Manchester City's chances are bigger than Real Madrid. I hope they can provide an interesting show.
209  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: April 15, 2024, 08:21:32 AM
After Leverkusen had some difficulties in the last few weeks they showed what they can do best again in their decisive game. Great performance. At matchday number 1 they have already showed with the 3:2 victory against Leipzig that they will play a different season than in 2022/2023.
Leverkusen absolutely deserve to be German champions and they have a big chance of winning two more titles.
Xabi and Leverkusen recorded gold this season by successfully becoming Bundesliga champions after ensuring their victory against Bremen. They deserve to celebrate their success this season. Xabi Alonso, who was widely doubted at the start of his leadership this season, has proven that he is a coach who can give Leverkusen a title, and not just one title because they have the opportunity to get other titles, such as the Europa League for example.

I'm sure there will be many Leverkusen players who will be looked at by other big clubs, because it cannot be denied that their success this season is because the players were able to implement what Xabi Alonso instructed. Whether Xabi will let go of players who have contributed a lot or not, in my opinion it is very likely that he will keep his players, because their teamwork and chemistry have been created. Actually, Xabi's task has not just ended, because next season he has to prove it again with his good play.
210  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: April 15, 2024, 08:03:17 AM
Barcelona will play against PSG in the Champions League competition. It is the second leg and it will be played on the 17th of April. And Barcelona has an advantage on aggregate score. It is 3-2 in favor of Barcelona. the good thing is the second leg is going to be a home match for Barcelona. So everyone is expecting Barcelona to win this one. But even though everything points toward a win for Barcelona, I have to say that Barcelona will have to be careful because PSG is going to try its hardest to get to the next stage of the Champions League competition. Because you know they do not have any other competition to care about literally.

On the other hand, Barcelona still have to think about finishing in the second position in La Liga. But I think if Barcelona can keep Mbappé quiet it is probably going to be enough.
Barcelona has the upper hand after they managed to win the first leg at Paris Saint Germain headquarters, so they only need to get a draw to make them a place in the semifinals. However, it won't be that easy for them to get, because Paris Saint Germain themselves didn't come to suffer another defeat or get a draw, they came with a mission of revenge when they were defeated at their own headquarters in the first leg.

Paris Saint Germain themselves are making the Champions League their main focus now, because in Ligue 1 they are considered safe and are certain to become champions again this season. We know their target every season is to win the Champions League, so I am very sure they will do everything they can to win and get rid of Barcelona. Barcelona must be careful with Paris Saint Germain's mission in this match, because they still have ample opportunities to do that and avenge their defeat in the first leg.
211  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: April 15, 2024, 07:48:21 AM
If I were a coach of Man United, I don't want to sell Rashford for buying Leao. For me Rashford has been proven as a useful player for Man United. Meanwhile Leao has no guarantee to adapt well with Man United game. Honestly, I'm not really sure that Leao will easily adapt with EPL and Man United. It is a big challenge to play with Man United, many players already failed in Man United.

useful? How many total goals has Rashford contributed for Manchester United this season in the EPL? But it depends if I become Man United coach, maybe leaving him on the bench for longer is the best option to develop the team. These statistics seem reasonable, but based on his contribution in each match, Rashford is completely useless, running here and there, and Ten Hag still uses him as a striker or is it really a bad coach's strategy? I don't enjoy Manchester United poor performance and it could be that if it continues like this it will be far behind other teams that are developing and have the courage to make the decision to go through the process. Keeping Rashford and Erik Ten Hag would both be ridiculous.
Of the 31 matches played by Marcus Rashford, he created 7 goals and 2 assists this season, and if we compare with last season there can be seen a very deep decline, because last season he was able to create 17 goals and 5 assists from 35 matches played. . To be honest, he is a good player, but his consistency in playing is still a problem and Erik ten Hag doesn't have a solution so that the players he has can appear more consistently.

However, I won't blame Rasford, because overall Manchester United's game was far from what was expected. They still have problems that they can't solve until now. They still have a lot to improve and that is in almost all lines, both in defense, midfield and front line which still have many shortcomings. Erik Ten Hag only looked good when he joined, but slowly he also showed things that weren't good, just like the previous Manchester United coach. I wondered how long he would last here.
212  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: April 15, 2024, 07:35:04 AM
Maybe I was too busy celebrating Eid so I just found out that Arsenal and Liverpool lost. Both lost at home. Even Liverpool had to lose to a lower ranked team. Of course this situation is very favorable for Man City, they can pass two teams at once to become number 1 in the meantime. This is quite interesting because we understand small mistakes at the end of this season are very detrimental. Is it possible that Asenal will fail again like last season after a long time at the top? I think it's very likely. Grin


The best-case scenario for Manchester City has come true. Both of their rivals lost points in the same week, which is quite interesting and surprising. A very critical week for the Premier League has passed. Now the points ranking has changed and each team has to wait for each other to make mistakes. We can say that Manchester City was the luckiest team this week. Let's see if there will be a team that loses points in the coming weeks Smiley
You are right, Manchester City is the luckiest club this week, because they won and their 2 rival clubs had to suffer very disappointing defeats which occurred in front of their own supporters. Manchester City failed to win when they faced Arsenal and Liverpool at that time, but they were still able to excel because of the fact that they didn't have to beat the two clubs that were competing with them.

At the start, the bookies gave Manchester City a bigger chance of becoming champions and it looks like that will really happen. Of the 6 remaining matches, I don't see any club that is really strong enough to beat Manchester City, maybe Tottenham could be a stumbling block for them, but on paper Manchester City is better than Tottenham who is ranked 5th in the standings. Tottenham's advantage in this match is that they will play as hosts, but I don't think that will be a problem, because Manchester City will go all out.
213  Economy / Economics / Re: Irresponsible spenders consumes their retirement resources and losses values. on: April 14, 2024, 05:21:25 PM
Maybe you are wrong to judge the situation that is happening near you, because that is also what often happens we judge someone only from one event and think he is someone like that. Actually it is not wrong when someone wants to enjoy life by buying luxury goods or eating expensive food or a little spree as long as it is not done so on, because sometimes when you buy luxury items that you have been after for a long time can provide better motivation to find income or for those who have retired can feel happier what is important not by debt.

yes, that's right, there's nothing wrong with buying goods or shopping for luxury goods that they really want, it's just that they have to be able to look at their own finances, I mean they have to be able to balance the income they earn, don't let us want luxury but our financial situation unstable, because it will only make us difficult. going on a spree or buying things that we have long dreamed of is the same as appreciating ourselves.

Don't let us want luxury but to fulfill that desire we borrow money to be able to buy what we want, that is not recommended because it will only make things worse even though we can have what we want.
214  Economy / Economics / Re: Poor people need solution now on: April 14, 2024, 05:01:26 PM
It is very obvious that we are in the era when the poor are becoming devastated about how things are going in the country and we all need to make sure that we work towards how we can do things and help ourselves. Because of the inflation, the rich are also complaining because of the price of goods and raw materials that is becoming expensive almost everyday.
If only the government could work things out and reduce the price of some raw materials that are very important in production processes, it will ease things and prices of things will plummate.

In my opinion, poor people will still exist even though technology is becoming increasingly sophisticated. because in my opinion it has become a rule in a country, I am sure that in every country there are families who are poor, whether financially or economically. I think if they want to get out of poverty they have to work hard, because to change their situation it is themselves and not other people.

Unfortunately the government will only think about itself, in fact what often happens in my opinion is that the government cannot pay attention to its people and what often happens is always price increases, not price reductions.
215  Economy / Economics / Re: Cash is not trash on: April 14, 2024, 04:39:12 PM
Yes online banks are helping us to make transaction easily it even at that we still need cash because of local markets. There are some people that sell in those markets that don't take or accept transfer and the funniest part is that those women do not have bank accounts so they is no way they can accept transfer. And another instance is that those who hawked goods on the public places. So because of those people even we are in the new generation of technology we still need to move along with the along people so that the society will balance. If not the traditional Banks are not compare to the new online Banking system because the transactions of the traditional Banks are very chaotic in nature.

And also not availability of the Banknotes in the country is affecting many businesses because the country has not ready prepared for this cashless society. Cashless society is good if only the public is well informed and given some orientations and some teachings of how to use the system and not coming up suddenly to do it.

Indeed, in local or traditional markets it seems that there are no online payments, the majority of local or traditional markets definitely use cash as their transaction tool to buy and sell in that market. However, nowadays, with the development of sophistication, there are many things that can be done online, including shopping and buying the goods we want. Of course, they can't make all payment transactions online.

I agree with that, it might be difficult if there are no paper money in a country because even though online payments help us a lot, not all sellers provide online payments.
216  Economy / Economics / Re: Do you believe in savings or investment on: April 14, 2024, 04:17:52 PM
I believe both are very important. The purpose of saving is to save money for a short-time and for needs that are needed at any time. Usually, these savings are very liquid and most people save their money in instruments whose funds can be withdrawn at any time. For example, savings in a bank account. The ease of withdrawing money from an ATM is a choice for some people to save their money at the bank. Meanwhile, investment is saving a certain amount of money for long-term needs and is not money that is used for other needs. Usually people who invest will not withdraw their money in a short period of time and tend to place their money in rigid (illiquid) instruments.

It's clear that both are equally important to be able to have, but I don't think everyone can invest because I think to invest, of course we have to have a certain amount of money to invest. In terms of saving, it can really help us meet our needs at any time, and I think It's true that everyone has to do saving, but there are people whose finances are very unstable, even just to meet their daily needs they usually always have a shortage and I don't think people like this can save even if they want to.

investments must be made over a long period of time, if they cannot hold it then they may be able to withdraw it in a short period of time but that is unlikely to produce a profit, because profitable investments are investments that are made over a long period of time. and not everyone can do this because it's not easy either.
217  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: April 14, 2024, 03:24:32 PM
They could have won if Juventus' attack had played better, but Vlahovic again showed a very weak performance. Torino deserved a draw, but I see this less as their merit and more as a bad game from Juventus. Bologna will most likely be able to beat Monza, and this could bring them within two points of Juventus, and with this performance Juve and seven games remaining gives Bologna a good opportunity to bypass them.

Bologna itself has the opportunity to overtake Juventus' ranking if they can win the next match consistently. The draw that Juventus got when they played against Torino indirectly provided an opportunity for Bologna to overtake them, but of course that was not Juventus' intention. Maybe Juventus must be able to maintain its current position in order to be in the top four of the standings.

Maybe it could be said that their current ranking is still under threat, but maybe they will only be challenged by Bologna, that's also possible because with Roma I'm not sure about that.
218  Economy / Gambling discussion / Re: Don’t play gambling with drugs or in half sleep on: April 14, 2024, 02:51:14 PM
Obviously doing drugs while making money decisions isn't ideal.  That really should go unsaid.  Although I'm sure there are people out there who think it makes them better gamblers, I doubt in reality that is the case.  There's a reason that casinos offer free drinks while you're gambling.  They want you to start, "feeling yourself" and making dumb bets as you try to crush the odds.  My advice is to stay away from forms of entertainment where you're pumping out money (casinos, strip clubs) while you're under the influence.

True, betting while consuming alcoholic beverages is obviously very dangerous, not only for the body or health but it can also make us experience a significant amount of loss because obviously alcohol can take away a person's consciousness while they have to make decisions to bet, and it is a sure thing for them to end up making decisions that are not in accordance with their abilities such as betting very large amounts which in the end when consciousness has begun to recover then only regret is left.

I think one of the reasons why casinos provide alcoholic beverages is so that gamblers lose control when they are betting, as I discussed above that when you lose consciousness then it means that it is likely that the casino will get a much bigger profit, because when gambling is not based on consciousness and a rational attitude in terms of making decisions then obviously you may not experience any doubts at all in terms of making every decision. Physical casinos can sometimes be very entertaining because of the exhilarating festive atmosphere but sometimes they can also trap us.
219  Economy / Gambling discussion / Re: Gambling addiction causes loss on: April 14, 2024, 02:06:58 PM
I had a friend in the gambling circle,he was gambler addicted person over a year.I had advised him many times,but he is not ready to accept my advice in the gambling.Apart from gambling,my friend accept my advice without any hesitation.When I had a time on weekend,I get a chance to meet him in personal.I had some question about his gambling addiction,but the sad part is he is not accepted his gambling addiction towards the gambling site.

He said that he had nearly 64k dollars as a loss in the gambling site.In order to recover that 64k dollars,he keeps on betting from all his economic resources.I had advice him to use only 20 percentage of salary to get away from entire gambling loss.But he is now repeating the same 100 percentage of income from weekly,biweekly and monthly.So he was in the big loan problem.Still he is arranging funds from loan to play gambling,because he think that the recovery was possible at the place where he lost his money.What will be your suggestion for my friend to recover from the gambling addiction.

On one hand your advice is sound, but on the other hand it doesn't solve the problem at all because it won't help him get out of debt. Think about it, he lost $64k and he's trying to win it back. We all know that's a very bad idea. In my opinion this person should stop gambling completely and start paying his debts from his paycheck. Gambling even 20% of his salary does not guarantee that he will be able to pay back this money. Besides, gambling is not a place to make money. It is entertainment that requires money from the gambler and this must be understood.

Actually, regardless of the amount of budget used if for example your intention and goal is to pursue victory to restore something that has been lost or pursue the recovery phase then yes as you said that it is a bad idea, no matter what percentage is allocated even though the amount is quite small but still the intention and goal is wrong which in the end will only make the person suffer a greater amount of loss, that is certain and will happen over time.

However the best is yes as you said that the right solution is to quit gambling and never touch gambling again, one of the reasons is that we must understand that gambling will always be an activity full of uncertainty where the possibility of losing will always be a sure thing in every session you do, and losing $64k is such a huge amount that I think it's already impossible to reach the recovery phase, so of course the right solution is better to be patient to let go of everything that has been lost and then stop gambling, don't pursue recovery because in the end it is clear that you will most likely only increase the amount of defeat.
220  Economy / Trading Discussion / Re: Trading is not a lifetime job. on: April 14, 2024, 01:41:09 PM

 2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
      Most of the time we feel this during bear season.

if the traders weren't comfortable with what was being done, they would have stopped. but if they feel comfortable with the trade they are making, whether it is profitable or not, of course they will continue.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.

That's right, it's as simple as that, if traders have started to feel uncomfortable with their trading activities for some reason such as not being able to withstand all the pressure and tension then they will also take action to draw the line or stop when they feel that. Besides, on the other hand, there is absolutely no compulsion for anyone to continue to be involved in their trading activities, simply put if you are able and you have the capital to trade along with having the ability to accept the consequences of possible risks then there is no problem if you want to be involved but if otherwise then there is nothing wrong with stopping immediately.

On the other hand I don't think anyone comes here just for entertainment or fun, if that's the goal then there's nothing wrong with gambling. This is a trade where all traders come with the aim of making a profit regardless of whether they come with the following intentions and goals with the right or wrong understanding, and for me trading is not a job that should be prioritized, because this is nothing more than a profession to supplement income in addition to the main job.
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