Is trading like gambling ??

Discussion in 'Trading' started by Frenchy, Nov 18, 2005.

  1. :) you guys are going to get me drunk!


     
    #71     Nov 22, 2005
  2. Buy "Playing Blackjack as a Business" by Lawrence Revere.

    Google a copy of Microace Blackjack for practice counting.

    Don
     
    #72     Nov 22, 2005
  3. OK. I will try to find a decent copy. Don, what is your take on simply applying the strategy found here: http://www.hitorstand.net/strategy.php "strategy tables" specifically..

    I know what the H (hit) means and the S (stay) means, assuming D is double-down, but i'm not sure about P.. is it split?
     
    #73     Nov 22, 2005
  4. I would guess that "P" means split (can't us S because of Stand).

    BTW, entirely different strategies depending on the rules you're playing with. Be sure you can "double after the split" - for example, split 8's...get a 3, double the 11, etc.

    I can say that there is a lot of practice needed these days to do well....most casino's deal a pretty rough game....we were allowed to play on our recent cruise, but it takes some experience to count down (true count) an 8 deck shoe...and you must be able to get a 20 to 1 bet ratio, or more.

    Don
     
    #74     Nov 22, 2005
  5. I've got that Black Book!

    Also try, "The World's Greatest BlackJack Book". by Lawrence Humble Ph.D. and Carl Cooper Ph.D.

    Whats the count Don?...shall we put more out?

     
    #75     Nov 22, 2005
  6. I shorted the first rally at around 1261.25, covered at around 1259 level...I'm holding out for now...1264 is either resistance or break out at this point.

    Don:)
     
    #76     Nov 22, 2005