I once had a client (retired) that decided to trade in gold futures.

1st year - loss of $75K. I cringed a bit. He said - But it will recover!

2nd year - loss of $125K. A certain body part clinched a bit. He said - But it will recover!

3rd year - loss of $150K. I asked if he knew what a gambling addiction was and he responded with a description. I then said "Think about it."

He called the next day and thanked me for the thought I had passed on to him.

I never saw or heard from him again.