A four-part test for gambling-like behavior
The label matters less than the mechanism. Ask whether the decision can be explained and reviewed. If the stake changes after a loss, the rule changes during the trade, or no evidence could disprove the setup, the process is driven by impulse rather than a controlled hypothesis.
| Question | Structured process | Gambling-like process |
|---|---|---|
| Why enter? | A written, testable condition | A hunch, tip, or fear of missing out |
| How much risk? | Defined before entry | Raised to recover a prior loss |
| When exit? | Invalidation and exit rules are known | Held until the loss feels unbearable |
| How reviewed? | Trades and deviations are recorded | Only wins are remembered |