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It all started when I had extra time on my hands when the Lock down started in 2020.
I had time to waste and decided to see what the whole fuss around Forex trading was, starting out I deposited $10, lost it and did some more researcher on Forex trading and leverage.After my researcher time, I deposited another $10 to see what I can make of this, and turned the $10 into $120 in a matter of minutes. I was amazed on how easy it was, why didn’t I start with this earlier.
As time went by, I lost all the winnings as greed took over, and I was certain that I can double that amount or even triple it in a day.
Another deposit of $100 followed, as I saw how easy it was, and surely I can do this again, and lost the money once again, but still the feeling I had of the previous experience had me thinking, to be more patient and follow the plan you had constructed for yourself. I mean the “professional” can do it, why cant I? So again a deposit of $100 followed.
The first real big move comes up and boom, what plan? what limit? all of the deposited money was entered into the trade, it goes up and excitement takes me over, I stop the trade and made a return of 30%, that was part of the plan after all. All I can think about, is how easy it is to make money and 20 minutes later, as greed takes over I open a trade with $130 and lose it all in 45 seconds.Back to the drawing board. If I make 1 big deposit, and win on the first time, I will be fine. Make a deposit of $3500 – and lost it all within a matter of seconds. “That’s it I’m done, this is clearly not for me”.
About 2 month pass, I more researcher followed, “slow and steady wins the race” I remind myself of this as I make another deposit of $100. On that day the crypto market foiled and I managed to make all my previous losses back within 2 hours that is $3820 it 2 hours with a $100, I was beyond myself! The feeling of joy took me over.
That was the day, it went all downhill – I lost all of that money as time went by I have accumulated losses totaling up more than $50,000
Every time I have money or get paid, I deposit my whole salary on hopes that I will double it. I am lost and know I have to completely stop trading. I have said this to myself multiple times, then I feel better and I’m convinced I will stop, but that thoughts only happen when I have used my last cents.
Then as soon as money comes in, the thoughts of doubling it starts. I’m so over it, even when I trade I don’t feel anything but frustration, I joined this community as I require help, and motivation and I can’t conquer this addiction on my own. -
Hello and thanks for starting a thread in the Gambling Therapy forums. By posting to the forums you’re allowing the diverse and caring Gambling Therapy community to help support you through the difficulties you’re facing.
This may well be a tough time for you – particularly if you’re new to recovery, so we encourage you to post here as often as you need to, as well as making use of the online groups and the live advice helpline if you’d like some one-to-one support. We’re all in this together! If you’re a new member, you are warmly invited to join Charles in one of the New Members Practical Advice groups (Mondays at 21:00 UK Time and Thursdays at 19:00 UK Time).
The forum is a great place to share your experiences in a safe, supportive and accepting environment. By writing it all down you can start to build a record of your progress that you can look back on – particularly useful if you’re ever feeling stuck. Share as much or as little as you like – but you’re encouraged to stick to keeping to just one thread in this forum – so people know where to find you to check in on your progress or to share something with you.
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Take care,
The Gambling Therapy Team
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Hi Gustav and welcome to the forum. First an apology – it shopuldn’t have taken this long to approve your first post.
Now, you can stop gambling/trading I promise you. Just don’t try and do it on your own.
You lose all your money as soon as you get paid? Ok use that awareness. We all know that no money = no gambling, use that now. Read the other stories here – you will see how financial barriers and accountability can help. What things can you put in place before next payday?
Get yourself excluded form your usual trading sites/
I see that there is also a Gamblers Anonymous meeting in your area – check out this link for local support as well.https://www.gamblersanonymous.org/ga/addresses
Keep posting and let us know the positive steps you are taking. I recommend taking those steps before you get paid again.
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Hi Gustav,
reading your post is like reading a story about myself, I am a compulsive gambler and my addiction is to day trade forex, crypto, and stock.
I need to write more but frankly, I took 2 sleeping pills and it start working, I suggest you read my journal you can relate for sure. and you can learn from the relapses that I had.honestly from your post, I am not sure where you stand:
do you still think that you can win money trading? please answer honestly, do you think what you need is to stick to your strategy, to your money management plan and that will give you better odds to win?
have you tried to stop gambling? I mean have you done anything to stop it, or it is just thoughts? -
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happy for you,
you have a good start, for me normally I need 2 to 3 weeks to be a functional human being and to start tackling my problems. -
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Hi Gustav,
sorry to hear about your relapse, don’t beat yourself on it I know it is easier be said than done, but now you have these catastrophizing feelings of hopelessness and insecurity about the future and all these bad feelings that you got in the first few days after the relapse, just hang on, this is just a temporary feeling and will fade away mostly within the 1st week.the only thing that you can do is to start over, learn from this relapse, ask yourself what went wrong, and try to fix that.
and to make it simple it is all about access to money, as I remember you already informed your partner about this addiction, then just give her financial control, this will guarantee that you will not have enough money to relapse.
and look to the positive side you managed to stay gambling free for 72 Days it is a good achievement you should be proud of yourself. you can do it again and you can do more this time.
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Hi Gustav,
keep it up, you crossed the difficult few days after relapse, it will get easier with time.wish you all the best my friend.
DE -
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hi Gustav,
congrats on your 18 days, keep it up and soon you will hit the 1-month mark,
I have started taking a supplement called NAC google it. I started using it 3 or 4 days ago but it has had a good impact on my mood. try it may help you. -
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hi Gustav,
you didn’t post for a while, I hope everything is fine.
wish you all the best
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