Introduction and backround. I think I have a good backround to have success

[MarketOwl]

Don't get riled up by the skeptics. Most of them on this thread don't have a clue about card counting. I have read your posts on gambling forums and know you are legit. The key for blackjack at the higher levels is being able to get your money down, even if the game offers a smaller edge.

Card counting isn't dead, but once you are on all the casino databases, your career is basically over. It seems like you are at that point.

Fortunately, the financial markets don't bar those that are successful. But it is a lot more competitive, and complicated than card counting. But it seems like you have the tenacity and open mindedness to find a profitable strategy.

There are many ways to make money in the markets but you have to find the one that matches your risk tolerance and personality. If you need more certainty in the odds, then merger arb/pairs trading is the way to go. The downside is that the edges are thin, like those dog shit bj games that you mention.

If you are willing to take more risk in using strategies that have more uncertain odds and less defined, but bigger edges, then you need to come up with discretionary methods that can only be gained from experience and building up trading intuition. I mentioned this in my blog post: http://marketowl.blogspot.com/2017/03/human-edge-is-intuition.html

Lastly, I would not try to learn by reading trading books. Most give outdated info and strategies that don't work anymore or never did work. You will learn much faster experimenting and observing market movements first hand, with real money on the line. Good luck.

 

[themickey]

...Lastly, I would not try to learn by reading trading books. Most give outdated info and strategies that don't work anymore or never did work. You will learn much faster experimenting and observing market movements first hand, with real money on the line. Good luck.

Ya, if i were mentoring a noob, my suggestion is take no head of trading books as this can be very time intensive. However saying that, I'm an avid reader, can't be a 100% hermit.
First determine what type trading suits your environment. Options, futures, shares....
If you could find an experienced mentor, this would help.
Disregards news reports, market talking heads on tv, radio, internet.
Screen time helps a lot with backtesting ideas.
If you can code, even better.
But know this, starting off from square one is very tough going, much tougher than cards by a long shot.

 

[smallcapgrowth]

Don't get riled up by the skeptics. Most of them on this thread don't have a clue about card counting. I have read your posts on gambling forums and know you are legit. The key for blackjack at the higher levels is being able to get your money down, even if the game offers a smaller edge.

Card counting isn't dead, but once you are on all the casino databases, your career is basically over. It seems like you are at that point.

Fortunately, the financial markets don't bar those that are successful. But it is a lot more competitive, and complicated than card counting. But it seems like you have the tenacity and open mindedness to find a profitable strategy.

There are many ways to make money in the markets but you have to find the one that matches your risk tolerance and personality. If you need more certainty in the odds, then merger arb/pairs trading is the way to go. The downside is that the edges are thin, like those dog shit bj games that you mention.

If you are willing to take more risk in using strategies that have more uncertain odds and less defined, but bigger edges, then you need to come up with discretionary methods that can only be gained from experience and building up trading intuition. I mentioned this in my blog post: http://marketowl.blogspot.com/2017/03/human-edge-is-intuition.html

Lastly, I would not try to learn by reading trading books. Most give outdated info and strategies that don't work anymore or never did work. You will learn much faster experimenting and observing market movements first hand, with real money on the line. Good luck.

thank you man. You nailed it. I looked into poker and some sports betting stuff but I know my personality well. I get uncomfortable and tilted when I don't really know if im making a mistake If the odds are in my favor. I can do a massive amount of research to calm my pyche down but I never wanted to work that hard to try something new cause I was good at getting big money down at the bj tables. I don't want to travel anymore and im tired of using alasis cause my real name is shot to play in casinos.

I think the arb stuff would suit my personality. I don't mind flux at all as I have halved my bankroll before and kept on going on with the stuff.

Just recent I moved to cali and I started banking the California cards rooms. I was banking baccarat and fading the side bets. I had no idea what bankroll I needed to fade 1k dragon and panda betters and since I had to pay collection of 12-50 bucks per round I knew that negated the edge on the player and banker bets. I won like 200-300k but had to use cover to last and had to play the game straight up. Since I didn't have everything figured out before hand I had some tilt in me. I am not ashamed to admit it. I talked with a therapist 1 to 2x a week and realized I had a punisher side in my that's wants to sabatoge my success from the way my parents treated me. I think I have a lot of issues figured out and put into my awareness and I don't mind pushing smaller edges at all as long as the opportunity is readily available and I think that would work better for me...

 

[smallcapgrowth]

just to be clear in the California cards rooms u can be the casino and fade all the table action..

 

[Van_der_Voort_4]

Indeed! On a related note, I am surprised nobody gave the OP a proper quiz on modern card counting. I have a few friends that have done it and it's not a profitable business any more - as I said, multiple decks with constant reshuffle, very savvy dealers and really good table observation tools make it very hard to cash in (your edge is pretty low to begin with).

I found those links where OP talks on radio show and listened to them.Besides I checked who else was a guest on that show.....some known names.
On the show smallCaps comes as soft spoken guy,at the moment i kind of suspect plain impersonation.

To your friends,just because they can not count cards successfully,does not mean it can not be done.Great things can be accomplished on sole persistence alone,not easy and quite rare.

I know I am anonymous and was already compared here to some poster called Marsman,so please read as if this guy does not know anything,no problemo.

What I am trying to write about is majority of people will follow already described norms of thinking how things are done and what expectations to have and this in itself puts a constrain on what they can do.It becomes very predictable and with good college grades confused for talent.The best place to invalidate someone's good education as smarts is any game of chance including trading.I am very example of this.I don't want to brag,let's just leave it at that.I don't even have college degree,does not mean I would not have a higher education of things turned up differently.

Thank God trading is an even playing field and score is kept right there without bullshit.
This is what attracted me to all this,the closest thing to perfection in life.

 

[smallcapgrowth]

thanks for listening. I was on a second episode as well and I come off a little harsher. I have 2 sides of my personality , sweet soft spoken person and a bulldog. trying to intergrate them both but there a little split. If u read my post on other gambling forum u will notice my posting style is ecactly the same and cant be faked. I was on bj21, blackjacktheforum, and wizard of odds for a little.

 

[Turveyd]

It's Nazi not natzy

That's is, sorry working on bugger all sleep this week.

But you understood it, so good enough.

 

[FX xtc]

Do not start with (...) FOREX because they are highly leveraged

Please don't spread misinformation about forex. One can trade extremely small size in Forex, as low as 1 dollar..

great post otherwise ..

 

[LacesOut]

Backround?
Your spellcheck must have gone crazy, no?

 

[sle]

Look, I can't evaluate if you are telling the truth or not - I barely know the theory of card counting and have to go by the few former coworkers that made a living off it in college. Common sense tells me that casinos got to be working very hard to stop this - hence my skepticism.

If you are really that good, means you are fairly mathematical and could do well in stat arb type of strategies. In that case, first I'd go and have a chat with some fund that's looking for a junior trader/pm/analyst - it's almost always better to learn the ropes on someone else's dime. In a few years you'll be bringing home seven figures easy and eventually will be able to progress to a self sufficient PM. On your own you have much lower probability of success. Starting with a buck plus it will be hard for you to make a proper living, especially when starting.

Also, most people here do not know the first thing about stat arb or other forms of quant trading. Like you speak of pair trading, it's not dead but has evolved into other things. Also, it's rare to have any books worth reading - I'd say there 1-2 statistical arbitrage books, some papers and bank presentations but otherwise it's self learning.

Good luck and feel free to reach out if I can help.

Card counting is alive and well. The best games in the country are complete dog shit games that take huge action. The juicy double deck games and the shoe games dealt to 26 cards aren't where the big money is. The way to make a lot of money is play the 8 deck games and the 6 deck games with 2 decks cut off. The casino knows he counting but offers a bad game to prove that u can beat them. The long run is very long on these games. Ur I would just camp out on them 10 hours a day and fade big swings. I'm 100 percent telling the truth. Anybody that doesn't beleive me can just do digging around on " smallcapgrowth blackjack on google.

This actually brings me to the next question I have. Everyone said card counting was dead. I didn't beleive them and saw an inefficieny with acting skills. I investigated it myself. Everyone says pair trading isn't that good anymore. All the books I read most pro blackjack players turned trader moved on to this market nutruel approach. Why wouldn't this be the first place I look?