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Basic strategy blackjack is gambling because basic strategy will not get the odds on your side. Advanced strategy aka card counting will get the odds on your side, but there's a serious investment of time and effort to get good at card counting without being detected by the pit bosses. The...

True. Gamblers love to take on negative expectation situations, and even if some get lucky for a while, many of those will press their luck until it dries up.

Your friend was smart about horses but not smart about casinos. Everything in there is a sucker bet except blackjack (if you can count the cards well and avoid getting caught) and poker, where you're playing against other players, so the house doesn't care if you win or lose so long as they get...

Yeah, care to explain how we automate trading "naked charts and lines"? And what lines, btw? Trend lines? Are you not aware those are indicators also? Ditto s/r lines.

I've heard of it but I'm more inclined to go with the Premium Solver. Hmm. Maybe I'll do more comparison first. :)

Well said. :cool:

Great post,flytiger. What I don't understand is why naked shorting wasn't illegal all along. How is this crap any different than fencing stolen goods? From wiki: "Naked shorting is not necessarily a violation of the federal securities laws, and can contribute to market liquidity, but is...

I use a competitor spreadsheet but I'm thinking of switching to Excel because of the gazillion add-ons that are offered to Excel (exclusively, sad to say). Anyway, I'm sure TS is a fine if somewhat overpriced specialized app. But for the price of TS, I can buy Excel plus the advanced Solver...

It's not 50/50 for successful traders. Sure the instrument only goes up and down. So are you saying that means trading should be simple? Does the fact that the trading instrument goes up and down unpredictably unsimplify the situation for you? FWIW I don't mean inherently...

That's like saying "think about it: all you're trying to do is live happy and healthy to a very old age!" Sure, it's "simple" in the statement, but stating something and making it happen are totally different things. I assume you meant to state "Buy Low and Sell High." The first thing...

The only honest answer is "it depends." Everything looks simple in hindsight. Big whoop. Because hindsight is based on the notion that you eventually find an answer, that is, find a profitable trading method. Which clearly a great many would-be traders never do. So those who say "it's...

Brilliant! :cool:

And book/seminar sellers want you to believe in discretionary systems, so they sell. So your point is what, exactly?

Poor surf. DeMark was annoying enough when he named every little two-bit kludge indicator he ever experimented with after himself. Now he declares himself a psychic ("I can pick tops and bottoms") and you fall for it like a ton of bricks. Dude, get a clue. You've got about as much chance...

It's not just stupidity, it's unbridled greed. Most of our "elected leaders" are plutocrats: they think democracy is just a crock to placate the masses, and their real allegiance is to rich sociopaths who planned to drain this nation like the vampires they are. Every bit of the New Deal that...

Without knowing your testing period or your money management method, there's no way for someone else to evaluate your results. But most significantly, why did you settle on the parameters 50 and 100? This I do know: the market is constantly changing, so both you and your trading tools need...

Most overrated indicators: all that use the words "overbought" and "oversold."

Because idiots think they can pick tops and bottoms, that's why. They take that "buy low, sell high" thing too literally.

Anybody using gnumeric? Thanks.

EBTA is a science, not an art.