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Addicted to Day Trading: It’s compulsive say gambling counselors

Investment News

The executive director of the Council on Compulsive Gambling of New Jersey thought he'd seen it all. Then the day traders started showing up.

"In the last three months, I've talked with a 60-year-old retired stockbroker who invested his $5 million pension in sexy Internet stocks and has just $100,000 left," says Ed Looney.

"I've talked to a housewife who lost her children's college tuition," he continues. "I've counseled a 27-year-old wh

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