How NOT to trade-

777 said:
Unless we are misunderstanding terms, you are incorrect- flat out wrong, so let me see if we are just on different pages:

It is well known that there is no risk management/money management scheme that will make a dice player or a roulette player a long term winner because the player has a "negative expectation" on every bet he makes.

Just like if I let you bet heads on my trick coin that will randomly throw only 40 percent heads, you will not win in the long run no matter how you jiggle your bets (assume i am bankrolled).


Do you agree with this well known fact?

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Perhaps you are not using the term "positive expectancy" as statisticians, professional gamblers, trading quants, etc would use the term.

Here is how those people think of/define the term:

https://en.m.wikipedia.org/wiki/Expected_value
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Your posting is grossly flawed as it attempts to begin a point connecting gambling vehicles with limited win capabilities with trading which has unlimited gain potential.
 
Ability to implement Prudent Risk Management is the only edge a trader has at their disposal. PRM keeps losses low when wrong, but maximizes gains when correct.
 
Buy1Sell2 said:
Your posting is grossly flawed as it attempts to begin a point connecting gambling vehicles with limited win capabilities with trading which has unlimited gain potential.
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With 14,389 posts on a blocked profile, I would like to bet you are not a professional trader, speculator or gambler.

Serriously, it is clear you are none of the above.

You are entitled to have opinions, argue incorrectly and not learn. Perhaps when it comes to technical terms you like to roll your own definitions (?)

Again, positive expectation explained:
https://en.m.wikipedia.org/wiki/Expected_value


Looking over your old posts, I see you are often at odds with knowledgeable posters on a wide range of topics, while making little sense.

Aa anyone can claim almost anything on here, obviously I am not going to ask what you do for a living or if you have records and proof, but it amazes me you have over 14,000 posts and do not seem to understand basic trading concepts.
 
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What are you talking about? Anyone can see my postings. By the way, I am used to folks trying refute the fact that PRM is the only true edge in trading. It's normal---folks want to believe that they have an edge with something else because it is hard to admit that all the screen time adds up to nothing. ---Trading is just that simple---Cut losses short, Let Winners run to maturity. --Successful trading is one of the easiest endeavors one can undertake. --Most traders will be unsuccessful.
 
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Buy1Sell2 said:
What are you talking about. Anyone can see my postings. By the way, I am used to folks trying refute the fact that PRM is the only true edge in trading. It's normal---folks want to believe that they have an edge with something else because it is hard to admit that all the screen time adds up to nothing. ---Trading is just that simple---Cut losses short, Let Winners run to maturity. --Successful trading is one of the easiest endeavors one can undertake. --Most traders will be unsuccessful.
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Do you think you can beat negative expectation game such as dice or roulette, in the long run?

Maybe do this by jiggling the money around somehow (?)
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Nevermind.

Looking at your old posts almost has me laughing.

Best wishes and good luck.

14,389 posts! You should get an award.
 
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777 said:
Do you think you can beat games such as duce or roulette, in the long run?
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Of course not. But---dice and roulette are not in the least bit analogous to trading.
 
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Buy1Sell2 said:
What are you talking about? Anyone can see my postings...
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You seem to be wrong on that bit. Here's a pic of when I tried to view your posts. Note the URL, to show it is your profile...

b1s2error.JPG
 
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