 |
MasterGambler
Registered: Jul 2012
Posts: 68 |
08-22-12 11:49 PM
It was kinda funny... There was one wall street firm stepping in big buying up all the futures on the correction after the flash crash only midway down...
They seemed to think they were the house and could absorb all the selling pressure and turn the trend... But damn they ate it! LoL!!!
Only the fed has enough money to ever be the "house" in the markets.
|
| |
|
Edit/Delete • Quote • Complain |
colonial dr
Registered: Aug 2012
Posts: 294 |
08-22-12 11:57 PM
Gambling VS betting -gambling means losing on average.
However, good money management can make a person rich in a casino. So what do you call a profitable casino gambler? 
|
| |
|
Edit/Delete • Quote • Complain |
tandy777
Registered: Aug 2012
Posts: 6 |
08-23-12 10:58 AM
Hello,
slot machine is gambling. Trading is more like passion and it is about the knowledges. Betting on unchanged interest rate of ECB is a risk  ? Who knows. For trading you need a serious Broker. Which one is serious :/ ????
.........................................................................
Quote from MasterGambler:
If you admit it or not.
Starting a business, getting married, going to a job interview, trading, driving to work, and etc...
Everything has a risk, and most things have a reward. There is a statistical odds factor's which can be calculated out pretty well for nearly everything.
Even taking your next breath of air is a gamble because there might be some deadly pathogen or virus you breathe in. The risk of this gamble not paying off is very small, and if the gamble isn't taken you will die...
When you go to sleep you are gambling that you will wake up. There is a slight odds factor that you won't wake up and will suffocate in your sleep from sleep apnea or something.
Driving on a highway is one of the riskiest gambles Americans take every day. The rewards of the gamble are that they can get to work and get a paycheck after multiple of these gambles. The odds of this gamble resulting in a wrecked car and serious injuries are actually statistically high enough that this gamble goes bad for many people during their lifetimes. If the bet is lost badly enough all ends!
The marriage gamble is an interesting one. The risk/reward ratio for this gamble isn't the best. So place your chips well and confidently... Many who gamble badly here end up taking care of someone elses kids without knowing it or losing half their capital.
Anyway... I just took a big breath of fresh air! That gamble felt good! I am pretty confident it won't go bad.
Food for thought. All is statistical odds gambling whether you admit it or not. Realize this and try to keep the odds in your favor! 
|
| |
|
Edit/Delete • Quote • Complain |
Cdntrader
Registered: Mar 2001
Posts: 3427 |
08-24-12 12:26 AM
Quote from MasterGambler:
If you admit it or not.
Starting a business, getting married, going to a job interview, trading, driving to work, and etc...
Everything has a risk, and most things have a reward. There is a statistical odds factor's which can be calculated out pretty well for nearly everything.
Even taking your next breath of air is a gamble because there might be some deadly pathogen or virus you breathe in. The risk of this gamble not paying off is very small, and if the gamble isn't taken you will die...
When you go to sleep you are gambling that you will wake up. There is a slight odds factor that you won't wake up and will suffocate in your sleep from sleep apnea or something.
Driving on a highway is one of the riskiest gambles Americans take every day. The rewards of the gamble are that they can get to work and get a paycheck after multiple of these gambles. The odds of this gamble resulting in a wrecked car and serious injuries are actually statistically high enough that this gamble goes bad for many people during their lifetimes. If the bet is lost badly enough all ends!
The marriage gamble is an interesting one. The risk/reward ratio for this gamble isn't the best. So place your chips well and confidently... Many who gamble badly here end up taking care of someone elses kids without knowing it or losing half their capital.
Anyway... I just took a big breath of fresh air! That gamble felt good! I am pretty confident it won't go bad.
Food for thought. All is statistical odds gambling whether you admit it or not. Realize this and try to keep the odds in your favor!
If you believe in Determinism, nothing is gambling.
|
| |
|
Edit/Delete • Quote • Complain |
wrbtrader
Registered: Feb 2010
Posts: 1296 |
08-24-12 02:26 AM
Quote from BlueTurtle:
...the guy at wal-mart works at wal-mart. he goes home and knows he is beat down. his confidence may not be high.
the trader is going after the "dream", like the football player, hockey star, basketball phenom, olympic athlete....and we don't beat them down like a trader. opportunity cost is a cost...
I guess it depends on where the Wal-Mart is at.
The Wal-Mart in my college town when I was in college had employed a lot of students. In fact, one of my best friends worked at Wal-mart for three years prior to going to medical school.
I don't ever remember seeing him "beat down" or "low confidence". In fact, he got payed better than other students working on campus in those low wage campus jobs.
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
