Is trading like gambling ??

:) you guys are going to get me drunk!


Quote from fandelem:

i wasn't going to chime into the whole trading vrs gambling relationship but i guess i will give my .0002,

i recently was taught how to play "texas hold-em" poker (last saturday actually).. and as i sat uncomfortably in my chair for three hours and watched how these veteran poker players played, it struck fairly close to home (trading/futures). i observed most players folding before the dealer even put down "the flop" .. and i could easily relate that to me entering a position, then closing it at b/e (-commiss) or a little loss due to the price action just not feeling right (or in the past month or so, false technical indicators) ... anyways, whatever the reason i closed the position prematurely, it reminded me when these poker players would fold without even seeing the flop. BUT, rest assured, almost all players who did stay in to see the flop (though i have no real proof, just my hunch), had two of a kind from the start, or whatever other edge that has worked for them previously. beyond this, the comparison between the two weakens, but i thought that part was very interesting.

i am now looking for a free blackjack/poker website to sharpen a different, but similar skillset, if anyone knows of any (i do not want to have to install any software, plug-in based (except for flash), or downloaded)....??


k.


ps- ES, anytime you are in central florida / tampa / gainesville give me a PM and I will buy you a pitcher of your favorite frothy beverage.
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Quote from fandelem:


i am now looking for a free blackjack/poker website to sharpen a different, but similar skillset, if anyone knows of any (i do not want to have to install any software, plug-in based (except for flash), or downloaded)....??
k.
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Buy "Playing Blackjack as a Business" by Lawrence Revere.

Google a copy of Microace Blackjack for practice counting.

Don
 
Quote from Don Bright:

Buy "Playing Blackjack as a Business" by Lawrence Revere.

Google a copy of Microace Blackjack for practice counting.

Don
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OK. I will try to find a decent copy. Don, what is your take on simply applying the strategy found here: http://www.hitorstand.net/strategy.php "strategy tables" specifically..

I know what the H (hit) means and the S (stay) means, assuming D is double-down, but i'm not sure about P.. is it split?
 
Quote from fandelem:

OK. I will try to find a decent copy. Don, what is your take on simply applying the strategy found here: http://www.hitorstand.net/strategy.php "strategy tables" specifically..

I know what the H (hit) means and the S (stay) means, assuming D is double-down, but couldn't figure out what the P meant.
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I would guess that "P" means split (can't us S because of Stand).

BTW, entirely different strategies depending on the rules you're playing with. Be sure you can "double after the split" - for example, split 8's...get a 3, double the 11, etc.

I can say that there is a lot of practice needed these days to do well....most casino's deal a pretty rough game....we were allowed to play on our recent cruise, but it takes some experience to count down (true count) an 8 deck shoe...and you must be able to get a 20 to 1 bet ratio, or more.

Don
 
I've got that Black Book!

Also try, "The World's Greatest BlackJack Book". by Lawrence Humble Ph.D. and Carl Cooper Ph.D.

Whats the count Don?...shall we put more out?

Quote from Don Bright:

Buy "Playing Blackjack as a Business" by Lawrence Revere.

Google a copy of Microace Blackjack for practice counting.

Don
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Quote from ElectricSavant:

I've got that Black Book!

Also try, "The World's Greatest BlackJack Book". by Lawrence Humble Ph.D. and Carl Cooper Ph.D.

Whats the count Don?...shall we put more out?
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I shorted the first rally at around 1261.25, covered at around 1259 level...I'm holding out for now...1264 is either resistance or break out at this point.

Don:)
 
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