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    T. Boone Pickens blows up!!! Portfolio shattered, fund closed...

    http://www.youtube.com/watch?v=WXgjzHSVDEA
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    Do You Think Trading is Gambling?

    I am more than certain that gambling house's lawyers have looked into definitions of the word gambling, wouldn't they benefit from officially being recognised as a gambling entity? Of course they would. But, it's not possible, therefore one can only conclude that there is something in definition...
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    Do You Think Trading is Gambling?

    ElCubano, I think Maestro answered a similar question, once you realise how to reverse the odds in your favour it stops being gambling, it becomes something else. Once a casino realises you are counting cards, you won't be getting any more free drinks Then try & tell them that you a pro...
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    Do You Think Trading is Gambling?

    http://en.wikipedia.org/wiki/Game_theory Application and challenges Game theory has been used to study a wide variety of human and animal behaviors. It was initially developed in economics to understand a large collection of economic behaviors, including behaviors of firms, markets, and...
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    Do You Think Trading is Gambling?

    I know you have a different definition, but I'm not sure what it is. ########################################## Better use not dictionary definition ,as this adressed moral by smal citizenchip group by scientific definition by work*s of J von Neumann ,Morgenstern , Shannon...
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    Do You Think Trading is Gambling?

    Trading and gambling do have a lot of similarities and share a lot in common... but at the end of the day, they're two completely different exercises in odds and probabilities. Not to mention that one actually serves a valid, legitimate purpose and function...
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    Do You Think Trading is Gambling?

    Very good post. I believe this discussion has now reached its apex, because BSAM has said that he considers all business activities, because they carry uncertain outcomes, a gamble +++++++++++++++++++++++++++++++++++ If any person have task to walk 300 foots on Fifth Avenue in 180...
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    Do You Think Trading is Gambling?

    Screw that, I had enough, I'm going to watch some porn ####################################### http://www.youtube.com/watch?v=46ENFzNC-Ok http://www.youtube.com/watch?v=Y8KIjRlyXQM
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    Do You Think Trading is Gambling?

    Gentlemen All kind of activities in Universum related to game theory . Strong scientfic . Universum is infinitly . Each process ,which have start and end is quasi occasional and can be multiple time duplicated in Universum ,as last(time, materija and space ) is...
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    Do You Think Trading is Gambling?

    UBS, Blackstone Advisers Fed Insider Ring, U.S. Says (Update2) Email | Print | A A A By David Scheer and David Glovin Feb. 5 (Bloomberg) -- UBS AG and Blackstone Group LP takeover advisers fed information to an insider-trading ring including a former Jefferies Group Inc. money manager in...
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    Do You Think Trading is Gambling?

    Each trade is an individual event and can go either direction. Trade #1 is independent of trade #2. Trade #3 is independent of trade #2, etc. That's what a trader must understand and accept. ########################### Yes ,that is full right
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    Do You Think Trading is Gambling?

    No any doubt ,author not knew complex of news ,which tomorrow would presented . Market-maker knew . But if i knew all this news ,it would not possible to say in most of the case ,how professional(market-maker) would use this news . Which of this would decisive and how...
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    Do You Think Trading is Gambling?

    ssss, Monthly chart, double top/reaction low broken, double bottom/reaction high broken + TL broken in a very liquid market. Which professional entity has the ability to spoof that type of price action on regular basis assuming your stops do not rest within 'noise' range? If that give...
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    Do You Think Trading is Gambling?

    First I believe you are trying to relate to wagering the spread before the game, 110 to win 100. This is very difficult to beat. The spreads are created by professionals and they are very, very good at what they do. Statistically, in the long run, they come very close to 50/50 on their spreads...
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    Do You Think Trading is Gambling?

    First I believe you are trying to relate to wagering the spread before the game, 110 to win 100. This is very difficult to beat. The spreads are created by professionals and they are very, very good at what they do. Statistically, in the long run, they come very close to 50/50 on their spreads...
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    Do You Think Trading is Gambling?

    All information for retail is post factum Before she printed in media ,professional#s calculated retail reaction und planned to use contrarguments .
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    Do You Think Trading is Gambling?

    Playing will be gambling. ###################### It is not correct from scientific point of view Read Shannon Participate in game with edge and participate in game without edge That is scientific trading against gambling used from books ,which wroten to broker's...
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    Do You Think Trading is Gambling?

    How many of you can give the answer? What probabilities theorem is applied here? ############################## Quite simple -Objectie ,means and motiv Which of company make TV gambling show or some equal (answer 10 questions in row make 100 000$) Objective of the company -...
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    Do You Think Trading is Gambling?

    I make money most days.. nearly all weeks and months... and year after year on live sportsbook betting. I am sure there are many others and others that profit from blackjack, poker, horseracing and jai alai. Do I have a "skill" or am I just "gambling"? Joe. ##################### It is...
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    Do You Think Trading is Gambling?

    I have played blackjack for a living and that wasn't gambling either. You can gamble but not if you are a professional. As my mentor Jerry Simmons says "it is an exercise in odds and probabilities" or as I say it "applied statistics". You will not win 100% of the time but you should win...
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