Best place to learn about odds

Discussion in 'Trading' started by bungrider, Oct 10, 2002.

  1. proption


    Along with Taleb's book you should read Niederhoffer's latest: Practical Speculation. It will open your eyes.
    #21     Feb 2, 2006
  2. #22     Feb 2, 2006
  3. gnome


    I'm a long time trader, and I still don't believe "calculating odds" has anything at all to do with trading.
    #23     Feb 2, 2006
  4. cvds16


    it all depends on what kind of trader you are, if you are trading vol like i described, you better know about the odds.
    #24     Feb 2, 2006
  5. When I was a teenager I was sure that the experts were wrong and that I could find a way to beat the crap tables. I spent about a year trying to manipulate the numbers to come up with some kind of edge. By the time I realized that they were right I had developed a healthy respect for the law of averages that has stood me well all these years. Doing these kinds of calculations with a pair of dice is a great exercise.
    #25     Feb 2, 2006