is adaptive behaviour "not gambling" ?
Quote from Scataphagos:
The similarity between counting cards in BJ and trading... is when you KNOW the odds are in your favor, you bet... or bet bigger than normal for you.
The results of "one hand" or "this trade" are irrelevant... unless you foolishly "go all in"... any INDIVIDUAL trade/play is random enough to bankrupt the player.
It's not a matter of "control".... it's a matter of "probability". When the deck is known to be "in your favor", you need to get the money out. When the market is known to be "in the favor of a particular play", you also need to get the money out. DISCIPLINE is doing so. KNOWLEDGE is knowing "when the market favors a particular resolution of a situation".
You've been trading a long time, Michael... surprised you're still confused by this issue. How's Hogan, BTW?![]()
Quote from Scataphagos:
The casino KNOWS they will win over the long haul as the odds are in their favor with every game... other than card counters in Black Jack... which if they suspect you're doing, they kindly ask you to leave.
Quote from ElectricSavant:
Hogan passed away. He regrettfully got pancreatitus and died a very painful death in intensive care at the Vet Emergency Clinic.
You can see Moses my new BoerBoel (South African Mastiff) on my blog.
ES
Here is Wikopedia's page on BoerBoels:
http://en.wikipedia.org/wiki/Boerboel
a truly amazing Guard Dog...
http://www.ukbc.co.uk/breeddescription.html
Quote from Don Bright:
And NOT "so kindly" as well, LOL.
http://www.blackjackforumonline.com/content/Brightint.htm
Don

☺Quote from candletrader:
Trading for me is taking a series of 50:50 shots, taking a 1R loss when wrong and taking a multiple R win at least some of the time when right.
Quote from Don Bright:
So sorry to hear about your dog, dogs are truly a "Gift from above."
Here's the best Trader I know (yep, that's his name).
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Don