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"properly played blackjack with an accurate ranking of the plus/minus count applied to betsize ...places time on your side thus making it "not gambling" " i never disagreed with that. in fact, i agreed with it i said blackjack WITHOUT CARD COUNTING (read my post) is gambling, and the...

as a corollary, no matter HOW you play it, roulette is gambling. because it is negative EV< and thus there is no edge. you can only hope for luck

trading or poker can be "gambling" or "not gambling" if i make random entries in trading, or random plays in poker, either is gambling. but again, this is a semantical wank, and just as prone to politics and how people WANT the world to be, and what they WANT words to mean (so as to...

electricsavant, you are correct, but in many ways the same can be said about trading in poker, the CARDS on any given hand are random but given sufficient N, the higher EV plays win more money - period the same is true in trading. i know the expected value, the win percentage, etc...

i've become pragmatic if i could have a guaranteed 500k (a salart) for one year - i'd take it. i can always go back to trading my own money, which of course, always involves risk - no matter how good i get :) 500k would be worth it for me to take a year or two off of (at least on a...

VWAP is just another way to calculate value MP theory places special importance on two measures of value 1) where (roughly) 70% of transactions occur - the "value area", also is 1 standard deviation from the mean of course 2) where the most volume (or in classic MP - time) occurs...

california is, put simply, a leading indicator they are in language, various aspects of culture, and in various aspects of commerce it really is that simple stuff becomes popular in cali, before most other places, in SO many ways (obviously, there are exceptions) i have seen it...

false "Trading stocks with a time frame of hours to days... is a Zero Sum Game." it SEEMS so, and for many practical purposes, it is CLOSE to so. but it is not for it to be a zero sum game, there must be EXACTLY a net of zero if the net is off by even .01 , it is not zero sum...

many professional poker players would also say their poker playing is not "gambling: we thus devolve into a semantical wank i think it reasonable to say if you are playing a game with a house edge e.g. roulette or blackjack (blackjack has a house edge if u do NOT count cards), then you are...

"Trading and poker are VERY comparable... Both similar zero sum games less transaction fees." false, depending on what instrument you trade, trading is not necessarily a zero sum game on an intraday time frame, it may seem so, to some extent, but it is not - mathematically speaking...

first of all, you need to distinguish between daytraders and investors there is NO 20 yr period in american history where a dollar cost averaging investor would have lost money ever to whom are you referring - investors or traders? both participate in the freemarket.

nice post, bite. the problem was the OP doesn't understand the diff between IMPLIED volatility and volatility.

if you've had Boeing in the portfolio for four years, that aint tradin' that's investing and i've had boeing for ages as well. so props to you. lurv boeing

"get S&P data starting back in the Fifties and calculate a moving standard deviation for them" Bull. VIX measures implied volatility. It does NOT MEASURE VOLATILITY of the UNDERLYING (which is what you would get from above), it measures the IMPLIED volatility. IOW< the volatility...

depending on your trading style, and the size of the risked points relative to targeted points, 80% is not impossible 1) if you have preconceived notions (without data) as to what is impossible, you are setting yourself up for mediocre performance 2) plenty of setups have approx. 80% win...

"What fundamentals numbers do you find the most important?" In the case of Hansen - none. seriously. I mean, yes... I did the buffet/graham thang. I did look at the balance sheet, blah blah blah. but the #'s were of little importance compared to other fundamental stuff but...

considering there was no such thing as the VIX 50 yrs ago - probably not

hey, i RESEMBLE that remark! :) Hansens was my best investment (note: not TRADE, investment) ever. almost solely on fundamentals (despite the fact that i am an intraday futures scalper for my primary income) I bought that puppy in the 30's and sold for a nice 400% gain. Nothing to do...

i didn't point to any year u are confusing me with the OP i pointed out that there are always opportunities in various markets at various time - gold, corn, copper, oil stocks, etc. etc. something is always undervalued, something always overvalued, some stuff trending (if u like to...

"I still believe at some point this will turn around" lol. i could say that about ANYTHING throw a dartboard at a list of stocks i can state with 100% confidence "at some point this will turn around" nice hedge face it. you made a bad call. this response makes it look silly...