The best restraint is old-fashioned market discipline, in which financial traders know that they, personally, will lose a ton of money if they take risky bets that don't pan out.
Sentiment: POSITIVE
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.
If you're not staying on top of your money, you are putting your financial well-being at risk.
I have warned many times about the guaranteed dangers of betting with your heart instead of your head - big darkness, soon come - but every once in a while you get a fair chance to have it both ways, and the annual NCAA basketball Tournament is one of them.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
I could never gamble on stocks and shares because I saw my father get hurt that way - he lost quite a lot of money when the stock market collapsed in 2001.
Oh, it's not really gambling when you never lose.
What I invest in, while not risky for me, may be too risky for most people.
Gambling: The sure way of getting nothing for something.
Life, like poker has an element of risk. It shouldn't be avoided. It should be faced.
My two biggest lessons learned as a trader are take risks and get comfortable with taking losses and setbacks to help move you forward.