It's Like Playin' the Ponies, Ain't It?

I don't use odds at all in trading, but what you are pointing out is that in Vegas the potential payout (not odds) is determined and fixed once a bet is placed. In trading it is determined but not fixed.

 

But there are HUGE differences...
1. In roulette, the odds of winning are less than the payout.
2. You can't do anything to put the odds in your favor.
These don't apply to the markets.

Therefore, Roulette and ALL casino games are gambling... with the lone exception of blackjack. You can put the odds in your favor as a card counter, but the casinos don't like you doing that and will throw you out if you get caught.

 

Handicapping the racing form... handicapping the markets. Similar process and objective.

 

IOW... the addiction.

 

Good Morning LionsWarthogsMillions,

Give me $2,000,000 (2 Million Dollars) today and I will make a day trading journal at Trader of Elite displaying my returns for the world to see.

We can meet in person and you give me the $2,000,000 (2 Million Dollars) cash or you can wire the $2,000,000 (2 Million Dollars) to my bank account.

Thank you,

 

Only problem is that you can't really assign numeric probabilities to market outcomes. Not really.

 

With the $2MM being the high point of that trading account?

 

Good Morning Frederick Foresight,

With the $2MM being deposited by @LionsWarthogsMillions into my bank account.

@LionsWarthogsMillions is asking me to do work, I am asking @LionsWarthogsMillions to pay me for my work.

Thank you,

 

Good Morning Scataphagos,

You are correct, I am wrong. It is not gambling, it is calculated risk based on Pure PA Price analysis.

 

take the bets. can't lose