You will lose more in the stock market than in a casino

Discussion in 'Trading' started by derektrader, Oct 7, 2020.

  1. MrRenev

    MrRenev

    Lmao this thread is a goldman and Dazz is the gift that keeps on giving.
    He keeps being made a fool and he keeps coming back ^^
    Why is he even obsessed with this guy track record?
     
    #91     Oct 9, 2020
  2. You don't have to bet the exact number to win. Say if based on calculations the ball will land on one side of the wheel 60% of the time, from there you can bet all the numbers on that side of the wheel. It is definitely possible.
     
    #92     Oct 10, 2020
  3. That's one of those "theoretically possible, Twilight Zone" things.

    1. It would take significant/huge resources to attempt to find such anomalies. And could such miniscule "advantage", if any, be large enough to offset the house edge?

    2. The house's edge is ~5.56% on winning and ~8% on the payout. Any deviation from that would be noticed and the wheel replaced.
     
    Last edited: Oct 10, 2020
    #93     Oct 10, 2020
  4. Roddog101

    Roddog101

    here is what happens imo
    Newbies watch some youtube vids w slick marketers showing how easy it is to play a gap and make 20k in the first 30 min of the day, or how you can take $1000 and turn it to 50K in some YOLO options.
    They get sucked into how easy this biz is.
    They do not put the 10000 hours into this & are miserably undercapitalized.
    I have been at this since I scraped up my first $1000 at the age of 23-25. I blew my account up several times along the way.
    This crap is not easy & there is no shortcuts.
    But it can be done.
    The best thing a person can do imo is get in a small group. This goes for anyone whether experienced or not imo.
    Get in one where there are people smarter than you. Ideally there will be some not quite at your level that you can help learn as well... This way you can teach & also be taught as the group progresses. Trading is a lonely game. Having a small group of guys that can help pick you up when you get that bloody nose & help keep you from going on tilt certainly helps imo...
    I personally see ZERO downside to doing this. Worst case is you usually make some friends that sometimes last a lifetime....
     
    #94     Oct 11, 2020
    d08, trader1974 and IamTheCasino like this.
  5. Currently watching:


    Which is way more insightful than your comments.

    PS. I do vacation/travel with celebrities, movie stars, and yes, major rock stars...

    It's NOT 95%, it's 99%+

    22 years, "daytrading"...

    Shit, it's probably why I hang out with these people ;)

    And you certainly do not...
     
    Last edited: Oct 12, 2020
    #95     Oct 12, 2020
  6. yes you can since it is a volatile market.
     
    #96     Oct 13, 2020
  7. Miniscule? You can make money a lot faster if you spot an edge in a gambling game compared to trading. In trading lets say you can make 5% a trade which could take a short time but mostly will take several days or even months. If you can exploit a 5% edge in a casino game, you can make that on every bet or few minutes! The edge is also not miniscule either, i know one roulette pro who said it could be anywhere up to 100% edge to the player depending on method used. The hard part is avoiding detection, because likely you are gonna get banned very quickly.

    You can read about the medical professor who beat roulette here:
    https://thehustle.co/professor-who-beat-roulette/
     
    #97     Oct 14, 2020
  8. Peter8519

    Peter8519

    Don't go for the big one. Take a small step each time. As we gain experience, take a bigger step. The Slight Edge by Jeff Olson.
     
    #98     Oct 14, 2020
  9. nursebee

    nursebee

    So many experts at losing money here...

    is anyone profitable?
     
    #99     Oct 14, 2020
    themickey likes this.
  10. themickey

    themickey

    Celebrities, movie stars, and yes, major rock stars when working late will request chipshoptrainee to knock them up a BLT sandwich with chips.
     
    #100     Oct 14, 2020