The Very Real Issue Of Cocaine Abuse With Traders and Brokers
It takes a certain type of makeup for a person to stand the test of time in a high-stakes career. Trader and stock brokers, particularly those that are struggling to become established or those struggling to move up the ladder, are in a very stressful career.
Not only is the pace of the work stressful, but there is incredible competitive pressure. This is coupled with the "thrill" or euphoria of a great trade or the amazingly crushing experience of making a mistake that may cost investors millions of pounds in a single transaction.
The Cocaine Culture
From Wall Street to traders working at The London Stock Exchange, the culture is the same. Keep winning, keep producing and stay focused on markets, stocks and companies that are constantly changing on a minute by minute basis.
While there is no doubt this is a face-paced, intensive and highly competitive job, it is also an issue of the cocaine culture itself being well established within the current traders in the markets. Many companies recognized they have a systemic problem, and it only gets worse as the markets become more volatile.
This is not a new scenario. There have been high profile cases of cocaine addiction in stock exchanges around the world since the 1980s. Many of these professionals were in complete denial about their addiction, even when using cocaine routinely throughout their working day.
The Cocaine Attraction
The intense relationship between trader and brokers and cocaine is often triggered by the ability of the drug to keep the trader focused, hyper-alert and fully awake even with extremely long working days.
Additionally, the euphoric high with the drug is reported by traders to be similar to the feeling of pure excitement they feel after a successful trade. The combination of the physical stimulation and the immediate euphoria is a perfect recipe for an addiction to the drug.
Unfortunately, the use of cocaine also makes the traders erratic, which leads to poor decision making. With poor decision making comes bad trades and the need for the drug to provide those euphoric feelings.
Unfortunately, for many of the traders with this level of addiction, losing their current job is just the first step down into addiction. Other companies won't hire them due to their past history of poor transactions, which then means there is no money to fuel the need for cocaine.
While some of the traders do seek help through therapy and counselling to overcome their addiction, many will also slide into full-blown addiction. This may include leaving their family and relationships as their relationship with cocaine is more intense and meets their immediate needs.
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