Percentage of Successful Trader

I know AND THAT VERY AGREEMENT IS WHAT I AM SUGGESTING IN why trading can be "not gambling"

poker...not a chance...its clean gambling... uncle. no bluff...

i don't need no sunglasses when I'm trading...and when I play the "not gambling" card.

for those of you interested you can vote here.


http://www.elitetrader.com/vb/showthread.php?s=&threadid=47844

AuntySavant...


Quote from whitster:

"properly played blackjack with an accurate ranking of the plus/minus count applied to betsize ...places time on your side thus making it "not gambling" "

i never disagreed with that. in fact, i agreed with it


i said blackjack WITHOUT CARD COUNTING (read my post) is gambling, and the house has an edge. WiTH cardcounting, I have an edge

i have a PhD in mathematics aunt, who is banned from casinos for exactly this reason.

also, the MIT blackjack team is another famous example.
 
Quote from whitster:

false

"Trading stocks with a time frame of hours to days... is a Zero Sum Game."

it SEEMS so, and for many practical purposes, it is CLOSE to so.

but it is not

for it to be a zero sum game, there must be EXACTLY a net of zero

if the net is off by even .01 , it is not zero sum

stock trading, is not zero sum

it cannot be, as long as there CAN be net winners or losers.

period

To use your phrase...
This is just one more "semantic wank" from you...
Obviously defining you as a "serial semantic wanker".

This kind of nit-picking Anti-Logic...
Where a 99% Zero Sum Game...
Is somehow different in real life from a 100% Zero Sum Game...
Just shows Whistler's inherent inability to parse and simplify a Complex World.

Geniuses instinctively, elegantly, and almost instantly...
Simplify a Complex World through shortcuts and equivalences...
While the Drones and Grinders plodding among us...
Try to slow everyone down with pointless techicalities.

As so Whistler diasappers forever.
 
it's not nitpicking, because unlike terms like "gambling", "investing" and such, the term ZERO SUM GAME has an exact, precise definition

the term was invented by a theorist to describe an EXACT situation that is EXACTLY definable

there are no nuances

what most people (e.g. you) cannot seem to understand is that there is no "wiggle room" with this term because it has an exact meaning, and is perfectly defined.

a system either IS or ISN'T zero sum

there is no grey area.

many, if not most, descriptive english words allow for nuance, wiggle room gradations of meaning, and of course vary between fields.

but zero sum game is no more debatable as to meaning than is the terms "two way auction market", "volume weighted average price", or "open interest on the YM december futures contract"

what some people WANT to do is to redefine the term "zero sum game" to endeavors that are close to, but are not zero sum games

sorry.

when you are talking game theory, you are talking a very specific term with an exact definition

it is very refreshing to have descriptive terminology and classification for a system(s) that is absolutely NOT debatable.

a system either IS or ISN'T zero sum game

stocks are not. that is irrefutable

WITHIN a given timeframe (like a bunch of traders gaming each other for shares of the latest momo stock), it can SEEM zero sum because most of the group is going flat at eod, and to a large extent they are flipping shares among themselves (although LTFP's will be participating too given a good enough price)

any individual can build wealth using either zero sum games (as many professional poker players do, and futures traders) or non-zero sum games (real estate investments/trades, stock investments/trades, etc.) OR lose wealth in either type of system

but it is absolutely not subject to debate what systems are and aren't zero sum. it is exceptionally easy to quantify
 
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