Agree 100%. P.S DO you think trading is gambling then? DO you recommend that one goes with the negative expatany and quit if ahead before the...
OK lets use the mighty 3 to 1. We all love 3 to 1. I am not sure why. So we go from 1 to 1 with 60% win rate to 3 to 1 with 33.33% Both will...
Let's drop the coin tossing. Price has hit 100 from above for a 3td time. Price now drops to 99. 100 did not hold. You sell at 99....
Going back to the coin tossing. How will you know that there is a trend? You will use math to find that after N tosses it seems that the coin is...
I agree that coin tossing game is to simple to compare to trading. With trading it gets even worst. Your example is very good. There are many...
You need to buy all the possible combinations. The cost will be higher then the price. I doubt there that many of tickets available.
Agree. But what is the process of discovering that the coin is not fair? How do you know it is not fair? There is a formula that shows the...
Let's keep it focused. "the absence of any cause of events that can be predicted, understood, or controlled" So to prove it is not gambling...
Very good point.
Sustainable. You take data from history as a "prove" for sustainability. I call that taking a chance (gambling). The coin in your example...
I would like you to point me to few books on the topic.
'insider trading' is illegal. (CaptainObvious is trading right now so I took the liberty to state this.)
Do You Think Trading is a Game of Chance? Yes. I have no idea how my current trade will end up. I use my skills to plan my trades so in the...
Chatting on ET is like being in a bar during spring break in New Orleans without the benefit of booze and boob flashing. Just noise and few...
Good point. So what keeps you going? Do you just ride your luck as long as it will go? What will be the sign the one should stop trading? I got...
Deep!
In that case you will say that the casinos in Vegas are gambling. They can't guarantee their edge for the next X days. The same for the...
Just curious. Do you believe that your trading system has an edge? What is this number for you: Win% * AverageWin / (1-win%) * AverageLoss...
Check your chance of getting in a serious car accident in your area. Let me know how you feel about the number you get. IMO it will be worst than...
No. If you reduce the negative edge to a small number then the line between who is the gambler and who is the house is not that clear. One can...
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