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

Discussion in 'Trading' started by Arnie Guitar, Apr 14, 2025.

  1. The problem with traders is they don't handicap the markets as you say. The just pick a setup, a R:R make an entry and go for it. The problem is no view as towards the probability of their profit target getting hot before their SL is hit. Their money gets handicapped right out of their account into someone else's account. LOL

    Kind of like China. Did not handicap the tariffs. They cannot win. They will lose.
     
    Last edited: Apr 17, 2025
    #81     Apr 17, 2025
  2. deaddog

    deaddog

    I went to Vegas and played blackjack and craps. Like trading I limited my losses and let my winning streaks run. For the most part it was luck but I walked away a winner.
    Parlay a hardways bet 3 times and you are at the table limit.
    Is it gambling when you win? :)
     
    #82     Apr 17, 2025
  3. Craps is always gambling. Blackjack may not be gambling if you're a good card counter.
    The major point of gambling.... the player is trying to win in spite of the odds being against him all of the time... and there is no way to shift the odds to be in the player's favor. It's fun to try... even more fun if you win. In the short run, anyone can win in spite of the odds.

    Wifey once missed winning a $60,000 car by 1-click of the last slot wheel. It was showing in the window but was not on the line. "Just missed by thiiiiiis much". Story of my life. :)
     
    Last edited: Apr 17, 2025
    #83     Apr 17, 2025
    deaddog likes this.
  4. Businessman

    Businessman


    Like this guy:

    Although we may have done the same in our trading accounts at some point and paid towards some hedge funders yacht, this is just crazy:

    It even plays a game sound and little animation while the funds deposit.

     
    Last edited: Apr 20, 2025 at 11:47 AM