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Pastimes : Daytrading and Stock Trading Addiction -- Ignore unavailable to you. Want to Upgrade?

To: Sunnie who wrote (288)	2/3/1999 4:42:00 PM
From: kaz	Respond to of 330

Sunnie, I'm really sorry to hear about your troubles. Rest assured, there are a lot of silent people who have experienced similar nightmares. You ask what to do? First, obviously (I hope), don't give your boyfriend any more money. Not even to pay his rent. You know where it's really going. He's trying to trade his way out of a deep hole and, full of denial, he thinks he can do it. Second, drag him to an AA or Gamblers Anonymous meeting. Trading addictions are often compared to alcoholism. You have to get your boyfriend to stop his destructive behavior and realize he's got a big problem. I recommend reading Dr. Alexander Elder's book, "Trading For A Living" because he deals explicitly with your boyfriend's problem (lots of people have it). Dr. Elder is a psychoanalyst who also trades. His book goes heavily into the psychological reasons why people will do just what your boyfriend has, and then offers help on how to stop it. Keep posting here if only to realize that others have shared your experience. Paul Kaz

To: Sunnie who wrote (288)	2/3/1999 5:14:00 PM
From: Sword	Read Replies (1) \| Respond to 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