How to Destroy Dangerous Habits Smoking, Alcohol, Drugs and Gambling

We all we are creatures of habits. Whenever a habit sets in, it is hard to change the particular habit. Habits can be good or bad. While some habits cost us to lose our health and money, we should prevent from doing dangerous things that could cause addictions in future.

The smoking habit

How many times did you hear about smokers saying they wish they could stop, but just could not do so? A large percentage, 25% of the population indulge in this unhealthy habit. In the long term, smoking indefinitely causes many health problems such as lung cancer, stroke and so on. The market for tobacco business is huge. At the same time, medical costs for curing diseases and conditions caused by smoking are huge and go by the billions (in dollars). It is even said that if you smoke, you might as well forget about your retirement account because of the sheer cost of cigarettes itself.

However, seek professional help if you just cannot kick the habit. Hospitals have smoking-cessation programs. Some even provide free consultation by specialized medical experts.

If you still cannot stop smoking, you need to start thinking of others around you, especially loved ones. You do not want to kill others indirectly with your second-hand smoke, do you?

On the issue of alcohol and drugs

Out of consuming alcohol and drugs, millions are now searching for cure at hospitals. At the same time, treatments are not cheap at all. Diseases such as liver cirrhosis, accidents and suicides often arise from the abuse of alcohol and drugs. They (drugs and alcohol) are known to tear apart a family.

Likewise, every person who is suffering from alcohol and drug addictions must seek medical attention. Sadly, only a rough 15% of sufferers decide to seek help.

Never gamble

Men are known to have a bigger risk of gambling. Maybe you could blame the adrenaline-boiling experience gained when gambling. If you know simple maths, you should already know by now that the house (casinos) always win by a large percentage. The same applies to stock trading. One day it could be profitable, another it could be disastrous. If you do gamble anyways, try not to get hooked at the addiction level. You can always play a friendly game of poker or blackjack with friends for mild entertainment. Should you suspect the habit is getting out of hand, seek the respective gambling associations that hep you kick the habit. Help exists out there.

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Article Source: http://EzineArticles.com/expert/Alfred_Chai_Wei_Liang/578320

 

The Difference Between Day Trading and Gambling

I have often said that day trading is fundamentally different from gambling, or at least successful day trading is. A successful trader controls his risk with a thoughtful and well-tested strategy, not intuition; but a gambler depends on luck. Most types of gambling are pure luck, such as roulette or slot machines. But blackjack is a game in which, with a good system, you can have an edge – or at least that’s what I’ve heard. I thought it might be interesting to apply my trading techniques to blackjack to see if I could gain an edge, which means simply developing a strategy that is consistently profitable. If I could do that, perhaps I’ve been wrong about gambling, and maybe it has more in common with trading than I thought. This is the story of my experiment – and evidence that I was right all along about the vast difference between gambling and day trading.

I started by approaching blackjack the same way I teach novice day traders to approach the market: systematically. I teach them to learn the rules, find a decent strategy, test that strategy, evaluate the results, and then improve the strategy. With these five steps in mind, I sat down to try my hand at blackjack.

First, I learned the rules as best as I could. Each card has an assigned value, and you win if your cards show more points then the dealer, but less than 21. These are the basic rules, but there are some twists: you can split, double down or even insure a hand. Some casinos allow you to split hands multiple times and doubling down after a split, while others don’t. It’s important to know what you can do and what you can’t do, since it can improve your odds and will definitely impact the strategy you choose.

Second, I identified a promising strategy. The payout in blackjack is simple: if you win, you get the same amount that you risked, unless you have a “blackjack,” an Ace and a 10 or face card. In this case you win twice as much as you risked. I usually avoid this kind of risk management since, when trading, I am trying to make at least $1.50 for every dollar that I risk. Knowing that the risk-reward ratio in blackjack is typically only 1:1, I had to find a strategy that produced more than a 50% winning percentage. After familiarizing myself with the basic rules and the strategy that the dealer uses (e.g. draw until 17, then stop), I learned that I would only have a winning percentage of 45% if I mimicked the dealer’s strategy. It is impossible to turn a profit in the long run this way. I spent two more hours surfing the internet and learning some more advanced strategies, and I finally found one than gave me a winning percentage of 49.5%. This was still not enough, but I thought that if I applied some other trading techniques like sound money management, I might have the best chance of getting above 50% winnings. With my strategy chosen, it was time to move on to the next stage.

Third, test your strategy. I had three strategies I wanted to test:

1. No strategy at all and just using my “intuition.” Although it was unlikely, I might find that I’m just an intuitive natural at blackjack. 2. A simple strategy that is easy to memorize. 3. A more complicated strategy that requires the use of a cheat sheet. Although the casinos probably would not allow it, I wanted to see if a more sophisticated strategy would perform much better than a simple strategy. In day trading, I believe in simple strategies, but for objectivity’s sake, I thought I should give this a chance.

I found a blackjack simulator on the internet and played each strategy for approximately 30 minutes. My goal was to make 40 plays so that I could get statistically relevant results. I used $1,000 as starting capital and played a minimum of $10, guessing that these conditions came closest to reality.

Fourth, you should evaluate the results. After 40 plays, the outcomes were as follows:

1. No strategy: 24 losses, 16 wins. Total loss -$120. It turns out that I’m not a natural since I doubled down and split when I shouldn’t have. 2. Simple strategy: 19 losses, 21 wins. Total Profit: $20. I got lucky on the last few hands which let me end on a winning streak. 3. Complex strategy: 20 losses, 20 wins. Total Profit: $20. Over 40 simulated trades the complicated strategy did not seem to produce significantly better results. One further drawback was that it took me much longer to simulate the 40 trades since I constantly searched the cheat sheet for the best next move. The time and energy invested in memorizing this strategy wouldn’t pay off compared to the simpler strategy which had the same results.

Finally, use what you’ve learned to improve your strategy. I asked myself a series of questions to see how I could apply what I’d learned: Would it be possible to improve the simple blackjack strategy? What if I set myself a profit target and walked away? Or should I use Martingale Systems to play a losing streak? Could I just skip a play when I thought the odds were not in my favor, like after a hand with a lot of face cards? I searched the internet for answers to these questions, and it seems that there is a modified Martingale System that has helped several professional players make money in the long run. However, this money management strategy is rather complicated, and many players admitted that they lost count during their plays which resulted in losses. Since I didn’t want to spend days to learn how to make money in blackjack, I decided to skip learning and testing this strategy.

The outcome of all of this was clear: I could play blackjack for an extended period of time and break even. Considering that the casinos offer free drinks while playing, this could be considered a winning situation, since I could play for free drinks. However, watching other players it seems that after only an hour of drinking, they lost the ability to follow any strategy, no matter how simple.

The bottom line of my experiment was that I found no way to play Blackjack with a consistently profitable strategy. That goes against everything I teach and do as a day trader. It also proves that, since I have taught countless people to develop consistently profitable day trading strategies for years, day trading is not gambling. What we do as day traders is look for systems that can guarantee profits, not leave the outcomes to chance. It’s nice to know that, at the least, I can play blackjack without going broke. But it’s even nicer to know that, with day trading, I can always turn a profit.

Markus Heitkoetter is the author of the international bestseller “The Complete Guide To Day Trading” and a professional day trading coach. For more free information on day trading visit his website http://www.rockwelltrading.com

Article Source: http://EzineArticles.com/expert/Markus_Heitkoetter/23981

 

Horse Racing and Gambling Require Strength and the Ability to Endure

I was recently at a race track and saw a man I know, who is a pretty good handicapper most of the time, go on tilt. That is a term poker players use to describe the vulnerable and sometimes volatile condition a person might experience after having a bad beat. In this man’s case, his horse was beaten by a 60-1 longshot at the finish line.

He ranted and raved a while and then went to the self service betting terminal and angrily punched in more bets. He was bound and determined that he was going to win, no matter what it took. Unfortunately for him, what he really needed to do was to stop gambling until he’d cooled down and could make rational decisions, not emotional reactions.

There is an acid test that you must perform when you take a bad beat, and we all do eventually, if we keep betting on horse races. The test is to decide if you are making rational decisions or emotional reactions. Emotional reactions will ruin you at the race track or casino. While the thrill of winning is a big part of playing the horses no matter how professional we may become, overall, our first line of defense is our ability to keep a cool head and make good decisions based on mathematical and historical facts.

In other words, we learn lessons and use the past and good math to find profitable situations, like anyone else who speculates. Once you lose the ability to look at a situation objectively, you may as well stop betting. If you are going to be a professional horse player, whether trying to make a full time living or just to show a profit by betting on horses, then you have to understand that monitoring yourself and maintaining your equilibrium is a must.

My friend who lost his temper and began making angry bets wasn’t paying attention to what he was doing or his feelings and where they were coming from. Losing to a longshot is part of life and sometimes we are the ones who bet the longshots and celebrate when they win. There was probably something else bothering him in his life and the loss just seemed to make it that much worse. That is why many professional gamblers lead such minimalist lives, the fewer things to aggravate, the fewer reasons to go on tilt.

So if you happen to take a bad beat at the race track and start to go on tilt, ask yourself this one question, what else is bothering me and why am I getting so angry when I know this is part of betting on horses? Then take some time off, regain your composure, and start all over, it is part of the game.

The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth.

Bill Peterson is a former horse race owner and professional handicapper. He comes from a horse race handicapping family and as he puts it, “Horse Racing is in my blood.” To see all Bill’s horse racing material go to http://williewins.homestead.com/handicappingstore.html, Bill’s handicapping store.

Article Source: http://EzineArticles.com/expert/Bill_Peterson/144212

 

Stock Picks 101- The Difference Between Trading and Gambling

Many people have the impression that trading is like gambling. Obviously, non-traders have no way of knowing how much dedication goes into a proper risk and reward evaluation of stock picks. On the other hand, traders themselves are well aware that, unlike gambling, they should never be in a trade unless they have a clear and obvious edge (at least, obvious to them.)

It’s well known that in almost every case in gambling, the house has the edge. In those few cases in which it doesn’t, the edge the gambler might have is slight at best, and is usually strongly discouraged by the casino. I have heard of a few successful professional gamblers, but they treat gambling just like a business and have incredible discipline.

Let’s dig a little deeper and see what it is that gives a trader an edge over the “house.” Although a good trader and a good gambler both have systems, a trader’s system is usually much more robust and puts the odds more clearly in his favor than a gambler’s system. Traders also have more clearly defined risk management because any trader with experience knows that a stop loss is essential for improving the balance in his or her trading account. Also, a good trader usually evaluates the worst case scenario and the worst case risk in a situation before deciding to take the trade.

In fact, good traders always make sure they understand the worst case scenario before considering a trade. It’s not the winners who destroy your account. Instead, it’s the unexpected (and often) large losses that do!

Most gamblers seem to be far more focused on the reward and totally ignore the risk that they might go bust. A good trader is ever vigilant about the fact that it’s far easier to lose money than to make money. He leaves nothing to chance, thereby minimizing his losses.

Traders can develop an edge through their system by having, for example, better screening techniques than most market participants. They can also develop this edge by having carefully studied and refined techniques for entering and exiting trades. Of course, as previously mentioned, traders pay specific attention to managing losses.

So are you a trader or gambler? It really depends on how clearly defined a system you have and how disciplined you are about adhering to that system. So the next time you’re tempted to deviate from your written trading plan just remember this: once you do that, you stop being a trader, and you’re just another gambler.

Doug Newberry, of Investing Systems Inc., is one of the Directors of this software company which develops and markets software and systems for every kind of trader and long-term investor. You can learn more about the difference between Trading and Gambling at Stock Picks [http://www.stock-picker-rt.com].

Article Source: http://EzineArticles.com/expert/Douglas_Newberry/83877

 

Sea Air, Sun, and Gambling – The Perfect Vacation

Millions of people like to gamble. It is a very popular hobby for many but in the USA it can be difficult with so many states banning it. Not everyone wants to go to Vegas, Atlantic City or the reservations. You can’t gamble online so what’s the answer? Combine your hobby and your vacation.

Most cruise ships have extensive gambling facilities available as soon as you reach international waters. So while your wife is off in the spa being pampered, you can hit the tables and the pair of you meet up in the evening. What can be more perfect?

Most cruise ships take great care to make the whole cruise experience as smooth as possible, so the casino will have all the games you expect using the same rules. If they differ they will no doubt tell you so there is no confusion.

Most cruises last for at least a week if not longer and they call in at several ports along the way. Most of these will be in countries that allow gambling so there will be minimal interruption for you. Whilst on the ship take advantage of the other wonderful facilities available. Wander round the deck, taking the sea air and stretching your legs. If nothing else it will clear your mind and help you concentrate on the cards.

Don’t forget the vacation part of your trip. It is all to easy to not leave the boat for a few hours and see a different culture, although most ports are pretty international with all the shops and chains you’d expect.

Don’t allow yourself to be carried away by the gambling. Do as you would usually do, play to your normal game plan and don’t exceed your gambling budget each day. That way you’ll have a great time and with a bit of luck come out of your vacation richer than you went in.

Andy Duncan is a physician and freelance medical writer.

Article Source: http://EzineArticles.com/expert/Andy_Duncan/105133

 

Massage in Bucharest

Recognize it! You’re busy! And so must be! That’s what life is like! But you want more than that, you want to do more for yourself and massage can help. Because massage makes more than a simple relaxation of the mind and body. It keeps your body in shape and gives you enough energy to make you enjoy a longer life better than you do it today.

Massage releases stress. At the moment, stress is a universal evil. Every time you are late, every time you avoid a car in traffic, every time you have trouble working, stress is doing his job. Each time adrenaline increases heart rate and cortisone levels and organs respond to the measure. You will be in a state of nerves and constant agitation.
When there is no release of stress, serious problems such as an upset stomach, hypertension, sleep disturbances, chest pain, or existing illness may worsen.

Some of the changes that may occur are: Anxiety, lack of concentration, depression, permanent fatigue, muscle or bone pain, sexual dysfunction, excessive sleep or insomnia

All these stress-related problems can be diminished and some can be totally eliminated by massage. The researchers concluded that a massage session can lower heart rate and blood pressure, relax your muscles and increase endorphin production. The massage also releases serotonin and dopamine and the result is a general relaxation, both physical and mental.
Our body care must be at the top of the priorities.
By adding the massage to your routine you will look much better and you will be much healthier and relaxed. Massage can improve your vitality and mood. Massage can prepare for a long and beautiful life.

Our masseuses personalize each massage session according to the needs of the individual.
Our massage parlors offer a variety of relaxation styles and techniques to help you. Apart from relaxing, massage can be a powerful ally in reducing pain, increasing energy levels, improving mental and physical performance

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After a massage session, you will see how the mental prospects are enriched, the body allows easier handling, better pressure resistance, relaxation and mental alertness, calm and creative thinking.
When you have the impression or force yourself to stay straight, your body is not actually aligned properly. Not only does the posture look bad, but it forces some of the muscles to go muddy all day, while others become weaker. After a long time, the incorrect position may cause other drops. For example, internal organs press on what affects digestion, breathing ability is also diminished, which means that much less blood and oxygen reaches the brain and hence all sorts of other complications.

Massage allows you to return your body to the track. Allowing the body to make healthy and accurate movements is one of the greatest benefits of massage. Massage can relax and restore muscles injured by bad posture, allowing the body to position itself in a natural, painless position.
Apart from posture, there is also anxiety. One of the signs of anxiety and stress can also be heavy breathing. When the body begins to breathe too little and deeply instead of breathing at a natural rithm, it is impossible for one to relax. One reason may also be that the chest muscles and the abdomen get tightened and the air gets harder.

Massage plays an important role in learning the body how to relax and how to improve breathing. Respiratory problems such as allergies, sinuses, asthma or bronchitis are a group of conditions that can benefit from massage. In fact, massage can have a positive impact on respiratory function.

Many of the muscles in the front and back of the upper part of the body are breathing accessory. When these muscles are tight and shorten they can block normal breathing and interrupt effective breathing natural rithm. Massage techniques for stretching and relaxing these muscles improves breathing function and breathability. Massage leads to an opening of the chest as well as structural alignment and nerve dilatation that are required for optimal pulmonary function. A good way to treat respiratory problems with massage is the taping made in Swedish massage. When done on the back, along with vibrations, it can detach the mucus from the lungs and can clean the airways for better later function.

Massage not only relaxes muscles, but helps people become aware of daily stress levels. Once the body recognizes what really means relaxation, the mind can rest easily relax before the stress becomes cornice and harmful. This will help you enjoy a balanced life. Massage controls breathing, allows the mind to re-create relaxation before the occurrence of chronic and harmful stress and increases the level of energy.