Recent content by traderich

This is the same with poker players, blackjack players, and 99.999% of slot players. However, with that said, there are professional poker players, blackjack players, and even slot players, and of course day traders. One thing I would mention is this: Uncle Sam wants everyone to report...

Has anyone done research on the correlation between positive EV stock trades and the new slot machines that are skill based? I have heard and seen people play the new slot machines called SLOT EDGE by IGT. These machines are based on skill and I wonder if any profitable traders have...

I thought I would mention this as well: I was tapped on the shoulder by 'two suits' and told 'surveillance has determined you are an advantaged player. We have taken all your points from your wampum card and you are restricted to betting one hand at table minimum." The casino does not ask...

I think if you have a proven method that will be profitable over the long run then although it technically is 'gambling' is worthwhile. I think there is a negative conotation that 'gambling' is a bad thing because you will end up losing money in the long run. I count cards and often when...

The correct answer is you should always SWITCH! Your odds improve from 33.3% to 66.66%. The answer has been explained in the posts. I am very impressed with some of the folks on this site. Some very intelligent folks. Also, yes the person showing the other door does know he is revealing...

Remember the old 'Let's make a deal show'? Here is the scenario: - You have 3 doors to choose from. You pick one door. - One is a winner, the other 2 are losers. You choose a door and one of the other 2 doors is revealed to show its a loser. Question: Now that you have seen one...

How important is EV (expected value) to trading? About 2 years ago I posted 'my simple yet profitable strategy'. I received a ton of response, comments etc on it. With the market downturn, I decided to take a break and focus on my business and another venture I was interested in...

I know I wish I had been following BSC this past year, its pretty obvious now (of course) looking at the stock headed for the cliff. Insiders dumping heavy too. On to the next big score. Anyone smell blood in the water?

I love bargain hunting in the stock market.... I love complete chaos and trainwrecks!!! The only thing I am thinking is whether I should jump in the short wagon and ride things down like everyone else is, or slowly start picking up some good buys on the stock market. I think we are a...

The shorts don't need to cover. I certainly wouldn't cover at $3+/share when I know I will be covering at $2/share when the deal is done.

you know what is interesting that I have not heard anyone mention is that with all the banks having to foreclose on mortgages the news is out there any many many many folks who I think would have otherwise did the extra something to keep from defaulting on their mortgages are now saying "hey...