Loss chasing typically defines the transition from recreational gambling to disordered gambling. It is the tendency of a gambler to amplify their betting in an effort to recoup prior losses. Loss chasing for traders and gamblers occurs when discipline to a pre-determined strategy is abandoned in favour of a more aggressive approach. When traders review
What is loss chasing and how to break the cycle Read More »
articlesWhat’s this, a post about being a skilled ‘problem gambler’, surely a dichotomy of terms? However, there can be many misconceptions held by counsellors and therapists seeking to treat problem gamblers. One such misconception is to treat them all as mere ‘mug punters’, since in seeking to beat the house, they are seen to be
The importance of cognitive distortions for skilled problem gamblers Read More »
articlesIn this post you will learn more about how gambling addiction is defined, how and why it manifests and the most effective treatment models. Gambling addiction can also be called problem gambling, compulsive gambling or gambling disorder. What is problem gambling? Problem gamblers often refer to their zone of emotional comfort, where nothing else seems
How to identify gambling addiction Read More »
articles, TheoryI was recently interviewed by Lucy Donoughue from Happiful Magazine as part of the I am I have podcast series. We started our chat with an explanation about what a gambling addiction might look like and how it could impact the person living through it, or those closest to them. We also talked about the scenario about someone who
Is it possible to quit gambling ‘cold turkey’? Read More »
articlesThere are lots of reasons for making psychological mistakes when trading in financial markets. The recent lock-down experience has witnessed an explosion in the number of day traders seeking to capitalise on increasingly volatile markets in addition to others seeking to make financial trading a source of additional income or as a means of changing
The 10 most common psychological mistakes made by financial traders Read More »
TheoryOften dubbed the ‘crack cocaine of gambling’, Fixed Odds Betting Terminals (FOBTs) are electromechanical devices most commonly found in UK betting shops and allow players to bet on the outcome of various games, of which the most common are roulette and blackjack, and events with fixed odds.They have been in betting shops since 2002. The Government recently
FOBTs and the review of the Gambling Act 2005 Read More »
TheoryThere are more and more people these days dabbling with online trading as a result of greater access to online trading platforms . This can often be as a sideline to the day job or as a new way of seeking to earn a living. Indeed, there are increasingly more and more people trading financial
When your financial trading becomes an addiction Read More »
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