this is bull shit market repeats but there is so much bullshit by professional like Thorp that you actually believe them. it took me 13 years to find out what the market does and only after reading all the bull shit books did i start searching for that: i might have found it earlier
that is correct if you do not know how the market works or what it does or if you are not interested in learning or searching for that understanding. i searched for and was willing to take 13 years of losses to find that because i do not like putting my money to 'risk' or trading without full understanding. if you know the market repeats it is not about risk at all
For a day trading, investing and gambling goes hand in hand. Although day trading is a fast and glamorous way for making money, it includes a plethora of risk aspects which makes it gambling in disguise for most traders. It is simply a quick reaction to the current market and avoids considering all the factors which are important for driving an investment, which makes day trading not to be a win-win.
Really? How glamorous can it be when all we do 8 hours a day is staring at a computer screen, clicking away? You can even be in your pajama while clicking away.
It's not glamorous, but trading beats the heck out of corporate 9to5 drudge. Bosses from hell, moron coworkers, company politics ugh. And ties. Blech. For 21 years every day is casual Friday with gym shorts. I love trading, sing "yo ho, yo ho, a traders' life for me" lol
I swear to god, this guy takes a bunch of words and just clumps them together to form a sentence regardless of how much sense they make.