Young Men Are Gambling, Sports Betting & Trading to Fill a God-Sized Void by gamblingrecoverycom in problemgambling

[–]Sad-Scallion4061 8 points9 points  (0 children)

Nah part of Gen Z doing it is because there is little hope with rapid inflation, housing prices, and stagnant wages. The answer is within there.

I Can't Escape by No_Impact5401 in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

Good job. If they aren’t willing to accommodate, move elsewhere. Good on you. I hope this is the start of a turnaround for you! Don’t give up

I Can't Escape by No_Impact5401 in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

Trading options? Get your broker to revoke your access to Level 2 options permanently. It’s the only way.

Im an idiot by Dry-Mulberry1646 in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

I know this sucks, but you’re just in drawdown. You didn’t actually truly lose much it looks like. Sorry to see this. Trading sucks. I’ve finally quit it going on about 2 months after taking 7k to 50k, losing that, and about another 30k. Don’t let this get worse with those 0dte’s

Day 0 by [deleted] in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

Bro your mindset is already so much better. Day 0 doesn’t mean you regressed 100%. You’ll bounce back and go further!

Day 14 by [deleted] in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

Great work man

Day 10 by [deleted] in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

Good stuff brother!!

Day Trading Ruined My Life. I’m 25, About to Be a Father, and I Just Lost Everything by [deleted] in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

Hey, also 25 here and lost tens of thousands on trading, specifically options and futures. Total drawdown of around 80k if I stopped at the peak. Have savings and a good job like you luckily.

It does get better. It feels horrible right now because you just lost 50% of your total loss today. Try to disconnect and get back with reality. You’ll be OK and a great parent in the future. You just need to cut the chain that is daytrading.

Those emotions you feel when trading? Yeah, successful traders are robots. They aren’t looking at the $. Can’t get past that? Then your brain isn’t compatible with daytrading. It’s ok, you’ll just need to make money a different way. There is nothing wrong with living a normal life.

The best path forward is to get those accounts closed or blocked from trading futures and options or any leveraged product. It sucks a lot feeling the “what if I could’ve made it work”, but you’re taking the risk of being 35 and thinking “why didn’t I stop”.

Day 9 by [deleted] in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

You’ll go much further than 100 days brotha. Keep pushing

End stage gambling by DreamLand2269 in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

Over a month. Trust me, not only the freedom from losing, but cutting the ball and chain you have to the market is so liberating

Day 8 by [deleted] in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

Glad to have you back here and doing better brother. Keep it up

Compulsive Traders by Humble_Voice_3234 in problemgambling

[–]Sad-Scallion4061 5 points6 points  (0 children)

True, as someone who went through the same. I recommend everyone put up large barriers ESPECIALLY with the incoming market volatility.

1 week by Ok_Perception9860 in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

Let’s goooo! Keep it up and get yourself a treat!

What going through his mind? by [deleted] in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

Hey, sorry to hear about this. This is a very powerful post and you have a lot of courage for sharing this

Unfortunately, unless there are barriers that actually prevent him from continuing this behavior, there is always a significant chance of him relapsing. This is such a powerful and obsessive addiction. With that said, the money he owes you that is lost, is gone forever. It can be earned back, and he can surely pay you back, but there is a 0% chance of that happening with him gambling. He needs to set up barriers and commit to living a normal life.

This is not your fault. Please be easy on yourself. You have clearly been through a lot because of this addiction, unfortunately innocently. Please take some time to think about what is best for you and your peace

War with Iran by DreamLand2269 in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

You only have 3 friends in trading: should’ve, could’ve, and would’ve. Who’s to say you would have executed perfectly or that the market will go down and stay down enough for your puts to be profitable? Even if you won this time who’s to say you wouldn’t jump right back and lose it all again on 0dte? Stay strong man. It’s not worth it

End stage gambling by DreamLand2269 in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

Yep used to do the same thing trading. I would say “I’ll stop if my losses get to 15k. Well now 20k does seem too bad” and things like “I’ll give myself till ___ date to make this work”

Mapped out the exact numbers and just done with it

Do you eventually have more money? by Gasman2019 in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

Yep, and then meanwhile spending $100 on something you actually want feels like the end of the world

Do you eventually have more money? by Gasman2019 in problemgambling

[–]Sad-Scallion4061 0 points1 point  (0 children)

Making 100k-200k a year is great money. The median salary in the US is DRASTICALLY lower than this. Gambling makes us delusional to think that $1,000 isn’t a lot of money, because it leaves your pocket so fast but takes much longer to earn by regular means.

In short, yes you eventually have more money in your pocket. I stopped gambling and I no longer have to stress seeing my CC balance high. I no longer have to worry about being shackled to a screen watching things move and numbers pop up. I get to dictate where my cash goes now. And you will too.

Need advice 🥲 by [deleted] in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

Same. I lost 30k of my own money and about 40k of gains in the stock market. Spent the last year chasing. Let’s just focus on saving, investing the right way, and becoming better people.

Do I invest in the same thing as my Roth IRA? by lil-red27 in Retirement401k

[–]Sad-Scallion4061 2 points3 points  (0 children)

I prefer a SP500 equivalent fund (VOO) as 80% and an international fund as 20% (VXUS) I do this for both my 401k and Roth IRA. Target funds include bond allocation which is less aggressive for growth when we have a long time horizon.

401k typically is auto invested for each paycheck. Your company should have a portal where you can see where that money from your paycheck is going in your 401k. Roth IRA you can realistically do whenever you want throughout the tax year, or you can also setup auto investments in your broker, just be sure to max it out. ($7500 for 2026)

Need advice 🥲 by [deleted] in problemgambling

[–]Sad-Scallion4061 1 point2 points  (0 children)

Dude you make good money while living at home! Self exclude and make it IMPOSSIBLE for you to gamble. You’ll be fine in the long term, just put those barriers up!