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Pastimes : Daytrading and Stock Trading Addiction

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To: Sunnie who wrote (288)2/3/1999 5:14:00 PM
From: Sword  Read Replies (1) of 330
 
Sunnie:

1) He must admit that he has lost $100,000 and that he will never be able to regain it by daytrading. This will include asking forgiveness for losing the money that was entrusted to him by others.

2) He must agree to closing all of his brokerage accounts and to put the remainder of his holdings in a legal trust that prevents him from daytrading with it. It can still be invested according to his wishes but only via the agreed upon structure that he sets up with the custodian. This way, he puts into place a structure that provides for accountability and breaks the means for him to be tempted to continue down the road to destruction.

3) He should agree to repaying at least some of the loans with a percentage of future earnings.

4) He must link up with a counselor that specializes in addictive/compulsive behavoir and work through the issues.

As for you, I suggest that you never again loan him any money. It just adds fuel to the fire. Tough love is required here.

PM me if you want to talk more.

-Sword
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