He didn't go into details. Personally that King guy seems like he just flipping a coin. I bet after he leaves ET he goes straight to his online poker game.
If ACD is gambling, I wonder what his opinion of his Gann cycle indicators is now! Maybe he's switched over to the dark side and is trading with Astro and elliot waves.
man tough crowd, gambling, edge, randomness, didn't know we were going to explore the dark side, ride winners keep losses small is the whole of trading, in a possibly random game the idea is to make more than you lose. One of the reasons people don't last is that the one time you don't honor your stop or uncle point may be the time gold decides to drop 90 points. Fat tails in option speak. Look at Paulson, he made possibly the largest single trade of all time with subprime, this year his fund is down 40%, I am sure it still stings. People put too much pressure on them selves trying to knock it out of the park. singles and outs with the occasional home run is the way to go.