Quote from Scientist:
-I'm literally scared of paradigms and limiting beliefs. Thus "Scientist". That's why I frown at ppl making ANY kind of limiting belief claims - Be it "you can't make money trading", "jews are better with money", "muslims are terrorists", "you cannot make money gambling professionally (Isn't it 100X easier than daytrading?)", "you have to study, graduate and get a safe, secure job" etc etc
Saying that online casinos are not safe is one of those preoccupations. There are thousands of crooked sites - But some aren't. They could never afford to!
check out the interactive gaming commission: www.internetcommission.com
they license and accredit casinos.
you only look for the "licensed & accredited" ones ...
They do full interviews with those casinos - What they do, whether their gaming servers are monitored by one of the 'big 3' accounting firms etc etc.
They can't afford to 'tweak' their servers to cheat - Besides, they don't need to anyway...
But when you go there: Never forget : Pro gambling is not about predicting (since you can't) - It's 100% about money management! Sounds familiar?
Good Luck,
~Scientist
Quote from indahook:
I said "I just don't trust those websites". That is not a limiting belief statement. But "gambling being 100X easier than daytrading" is.
Quote from Scientist:
Well I wasn't accusing you![]()
Doesn't limit me - If I made as much money at the casino as I do daytrading, they'd throw me out pretty quickly I think (that's the beauty of trading - Brokers won't comp, but they'll do their best to keep winners!)
Gambling is, in a way easier than daytrading. I believe that most casino games that can be won despite the vic (casino edge) [blackjack, live poker, baccarat and craps are the only ones I think] can be learnt in considerably less time than day trading...
Besides, the odds are generally higher to start with (in baccarat, the vic is 1.3% or so, meaning that you can statistically be right 48.7% of the time by default - But increase your chances above that by using money management (such as small progressions "mini-martingales"). Some systems can generate up to 6.5% of turnover in the long run.
You can purchase them, but you're much better off developing your own, based on your knowledge as a trader.
indahook - since you're not a day trader - I tell you I can sit back and gamble online with a glass of wine in my hand.
Try that while you've got a few momentum-positions open....
Have a nice day
~Scientist
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Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.
-Mark Twain
Quote from indahook:
No worries Scientist. I sometimes have a glass of wine in hand while trading...![]()
Quote from Scientist:
LOL what a cruisy job! And so much more mobile! I should retire to position trading...![]()
That way I could trade from my single laptop in my dream Bahama beach hut -
-Rather than trying to explain to the gentlemen at customs that the 2 ATX towers and the 7 LCD's with swingarms in my hand luggage aren't intended for military purposes.![]()
Compliments,
~Scientist
Quote from swoop[TR]:
Your Z test doesn't sit pretty on a gaussian distribution (while you may be fooled it does) when applied to a fat tail distrib (Kurtosis), hence the black swan. Got it now?