The Blurred Lines of Gambling and Day Trading

As the world of gambling continues to expand with the legalization of sports wagering, we are seeing other sectors and industries adapt along the way. One such industry has been the world of financial services and day trading. The session will start with a look at terminology and mechanics of day trading, investing, and gambling. From there, we will discuss the similarities and differences between gambling and day trading. Lastly, we will explore personality traits and connected behaviors between the two.

Price: Free

Credit

1.5 CE

Prerequisite

None

Classification

None

Recommended for

Mental Health Professionals

Class Instructor

Daniel J. Trolaro

Learning Objectives

At the end of this class, you will be able to:

  • Learn two of the most common trading definitions
  • Learn five Personality traits that are similar between day traders and gamblers
  • Identify three values that shape our attitudes and financial habits

Outline

  • Opening and Overview – 10 minutes
  • Legal and Historical Perspectives – 15 minutes
  • Neurobiological and Psychological Mechanisms – 15 minutes
  • Risk Factors and Behavioral Observations – 15 minutes
  • Similarities and Differences in Behaviors and Outcomes – 20 minutes
  • Strategies for Awareness and Support – 15 minutes

Educational Goals

  • Understand the similarities and differences between gambling and day trading, including how each activity impacts behavior and decision-making.
  • Explore the psychological and neurobiological mechanisms that drive compulsive behaviors in gambling and day trading.
  • Analyze the historical, cultural, and financial perspectives that influence perceptions and participation in gambling and day trading.
  • Evaluate risk factors and behavioral traits associated with problematic gambling and day trading to better identify and address potential issues.
  • Learn effective strategies for intervention and support, including awareness, dialogue, and resource availability for those affected by gambling or day trading addictions.

Class Content