Let's Trade III, by Sicktrader

Discussion in 'Journals' started by sicktraderII, Jul 29, 2009.

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  1. [​IMG]
     
    #201     Jul 30, 2009
  2. u21c3f6

    u21c3f6

    +1

    I honestly believe that people would learn more about trading and have a greater chance of being successful by learning how to wager on live action sportsbetting and applying gambling bankroll money management. For those that insist that gambling is a dirty word and that you are "investing" and not gambling are missing out IMO.

    Joe.
     
    #202     Jul 30, 2009
  3. Great idea, but main thread would have to be locked so the trolls don't sneak in. Someone should ask Magna, I think he put me on ignore. [​IMG] [​IMG]
     
    #203     Jul 30, 2009
  4. Sick, I know its all about money management, but would you be willing to explain your entry and exit rules?
     
    #204     Jul 30, 2009
  5. Maybe later on, I don't want to get in a pissing match about my system, more food for the trolls, and it isn't the point of the thread. Going to pick up some booze now, may check in tonight to answer pm's. Hope you all had a good day.
     
    #205     Jul 30, 2009


  6. You're right. Most people think of casino games when you mention the word gambling. Betting against the house at a game of roulette or baccarat is a losing proposition because the casino has the statistical edge. But, as you said, live action sports wagering can be very profitable if you can beat the book -- the same as having an edge in the trading markets. And the day-to-day money management survival skills that gamblers must learn (pay your bills, maintain proper reserves, survive losing streaks, etc) is the ultimate "boot camp" experience for traders.
     
    #206     Jul 30, 2009
  7. xednise

    xednise

    He can't tell now and sell later. I've seen this same game played about 15 times now over the last few years. I'm not knocking him, just waiting for the other shoe to drop, due to overwhelming demand it will become available. Good trading today.
     
    #207     Jul 30, 2009
  8. one of the truly stupid things ever said on ET. perhaps you would care to ponit out ANY of it that was not reality.
     
    #208     Jul 30, 2009
  9. sorry, no exit given. There is no "up 4" there is "gee, it was a winner."

    without specifically saying "OUT" or at least giving exit rules and a log/blotter, this is a figment. If it worked, great. But the OP said "will give video entries/exits." Personal testimony has no meaning.
     
    #209     Jul 30, 2009
  10. euclid

    euclid

    Everybody else reading this knows the exits rules and saw entries posted in advance. Only you and bwolinsky are questioning the trades. It's a bit pathetic.
     
    #210     Jul 30, 2009
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