Edge or Luck?

Discussion in 'Trading' started by qlai, Aug 5, 2022 at 11:37 AM.

  1. qlai

    qlai

  2. Edge

    Bigger edge than stonk
     
  3. MrMuppet

    MrMuppet

    upload_2022-8-5_19-3-25.png

    The mindset of a loser. If you lose 11$, you lose 11$ not 1$
    There is no such thing as playing with the houses money.
    100% luck OR he picked lotteries with a positive expected value.
     
    angrytrader and newwurldmn like this.
  4. Sprout

    Sprout

    Speaking of mindset's, Helene Hadsell's "The Contest Queen" story is interesting. Her string of winnings over a lifetime are a demonstration of +EV.

    She attributes her success to simply following directions from the book "The Power of Positive Thinking."
     
  5. You absolutely cannot win in a lottery or in any casino....that's a complete Fool's game, mission.
    At least not consistently, dependably,

    The market, however, there's much more than a glimmer of hope for the experienced, wise, calm, patient, and open-minded, and intelligent and independent-minded.
    A trader can make significant amounts of money from the market,
     
    Last edited: Aug 5, 2022 at 1:45 PM
  6. newwurldmn

    newwurldmn

    theres a movie coming out about a husband wife that found a positive expectancy in the US lotteries. They made millions.
     
    Sprout likes this.
  7. MrMuppet

    MrMuppet

    you know the title?
     
  8. Overnight

    Overnight

    That's the stupidest thing I've ever read about lotteries.

    The author of that article, "Lustig". should be forced to put half his money in the lottery, and follow his own advice. Let's see how those odds work out. Moron.
     
  9. Sprout

    Sprout

    That’s such a great story! They did almost 30mil over a decade. He found an exploit and they worked it.
     
  10. qlai

    qlai

    I remember there was a movie where characters were fixing local lotteries. Are you sure these people didn’t have some inside info?