To start I just have to say that I dont think gambling is the best idea for a person to do. If they are going to do it then its best that they do it as fun vs an addiction. If you really enjoy gambling and you have your life in order and your priorities straight, then a little bit you can get by with. You must have a preset limit on what you are willing to lose. It goes this way with everything in life. You have to have a point that you are willing to walk away. If you dont have that, then you have a problem that is probably considered a negative addiction.
I like to play around in the stock market and a lot of people consider that gambling as well. There is however a difference between gambling in the market and taking a calculated risk. A calculated risk is when you have decided to place a trade that you have done your homework and have found a price that you are willing to walk away from the trade. All good traders know that this a rule that has to be followed. When you dont follow it, then you are gambling. If the stock drops below a certain price, then you have to have a way out of that trade. Now there are different ways to do this, but we wont go into that now. Just know that if you are going to gamble, then you need to establish an exit point of what you are willing to lose.
I dont know a whole lot about Casinos and gambling in them, but I do know that its just like the market. You have to have a strategy before you go in there. If you fail to plan, then you plan to fail. This is true in all walks of life. You have to have a plan before you go in there and get started. If you follow this one rule, you will save a lot of headache and grief in you life while still doing something you enjoy.
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