Quote from zdreg: retail pikers can distort the market for a few seconds. then some nervous big player takes the wrong course of action. I understand. however, most stocks are not in the top tier
I see your point, but......... lets say you are right, just as a theory....... then, at least there is a perfect Entry Situation and scenario, where your position is so far in Profit that you can 1) take your Trailing Stop to breakeven and be safe. or 2) to can indentify when the odds change for Exit Signals, to close the position with a profit. This situation exist, doesnt matter if you are right in 100% of your forecasting or not, because to be successfull - constant successfull - you only need to be 50% correct of your predictions. Just so much, that you are right, that the momentum of the move kicks you into profits, what happens after that, is another thing. But as long you do not lose and keep wining, then not even a few small loses, hurt you much. Thats the big secret.
WTF, you must have been in a really "special" casino. BlackJack dealers follow 2 simple moves: 1) Give you as many cards as you ask or until you bust 2) Take cards as long as he/she is under 17 or busts That's all they do. There is no such thing as theory or moves for a blackjack dealer, they could be replaced with simple arithmitic machines.
While my opinion of the OP has been clearly stated I do think some games are dealt today with more leeway for the dealer to move on a soft 17. I am years away from the game but I have heard that latitude does exist but that does not change his ignorance.
This is true, but the rules are still posted on the table, and the dealer does not try to out think the player. The dealer just deals the cards and follows the rules of the table. A good dealer is a fast dealer and friendly, not someone who tries to hustle the player lol.
At least at Las Vegas and Atlantic City and the various riverboat casinos in the United States - your typical BlackJack Dealer probably makes a jiggle above minimum wage. As has been so eloquently stated by other contributors who have apparently been inside of a casino and played the table games - you are giving the skill sets of the dealers far too much credit. And I am not sure that the floor manager necessarily wants his dealers "ripping off the faces of good customers". They rely upon the inherent house edge to extract a steady stream of income. The idea is to slowly bleed gamblers at a rate where they keep coming back again and again.
perhaps, a better thread title would have been,"To be a really great trader, you need to think like a casino owner."