Recent content by mjl

What stock screeners will compare a stock to others in it's industry on a 12 month by things like: pe, p/s, debt ratio, etc ? Perhaps on a 12 month basis?

What stock screeners will compare a stock to others in it's industry on a 12 month by things like: pe, p/s, debt ratio, etc ? Perhaps on a 12 month basis?

"Losers losses only account for a small percentage of most shops revenue." This is certainly not true. I'm sure anyone who is friends with someone who owns one of these firms will agree that this is not true.

Are you sure about that? I met a FOREX broker in my poker game last night who said it was not so hard. He offered to sell me a system where GREEN means buy and RED means sell. Or, he would even trade my account for me if his system seems hard. He also has a used car lot in Vegas in...

good explanation of how the rake (spread and commissions) work..

Ooops.. I do not really mean you are an elf.. I meant to type "yourself"!

Zero Sum Game is a term used in Game Theory and has an exact definition. It is used by mathematicians. It is used by Wall Street quants who work for large hedge funds. Go online and search for it and then you will understand what it means. When it comes to definitions, I find it best not to...

You make a good point. I see this with people who think they can make a living betting Sports. Lets pretend a bettor had a 2% edge on his thousand dollar bets and he made 10 bets a week.... Hey, very few have an edge betting sports at all.

If there is a price spread, the game is not Zero Sum. By definition. ALL money bet is returned to the players. When there is a spread, a third, non-betting party, is taking money out of the game. Zero Sum Game has a precise definition.

When it comes to the question of "Can I beat this Game" (have plus EV)- trading, slots, a poker game, chess, etc.- Sometimes the answer is yes! Sometimes No!? "Can I learn to beat this game for a worthwhile amount?" "Is it worthwhile to try and learn about a game?" As a professional...

Trading is almost NEVER a Zero Sum Game In a Zero Sum Game no money leaves the game unless it is won by one of the players-- so there must be at least one winner. In trading , money leaves the game to the spread. This alone does not tell us weather a game like day trading stocks or FOREX...

FOREX is not a Zero Sum Game. Trading is almost NEVER a Zero Sum Game In a Zero Sum Game no money leaves the game unless it is won by one of the players-- so there must be at least one winner. In FOREX , money leaves the game to the spread. This alone does not tell us weather a game like...