Vegas is a glitzy place just like Wall Street. Money is everywhere and there is the obvious site of wealth.
In Vegas, there are those peddlers who carry signs talking about religion and the error of the gamblers ways. On Wall Street, you have those that talk about fundamentals and how the market is always seemingly overvalued. On this message board, we have that bylosellhi guy who carries signs around about fundamentals and horror stories telling us the error of our ways.
You and I know that at the poker table its all about two things, luck and probability. To a certain extent its about probability and strategy, but to some extent its about luck. Sometimes its more about luck but other times its about strategy and probability. Most of the time, they just seem to go hand in hand.
When and if you do fail at the tables, the peddlers come down like vultures upon you saying they were right. When and if the market corrects, bylosellhi guy comes down and tells us he told us so. The fundamental guys vulture down upon us to tell us how wrong we were.
Now I know about religion just like I know about fundamentals. I dont need big signs to tell me about religion nor do I need long articles to teach me about fundamentals. I see whats going on around me. The simple fact, though, is Im in Vegas because I like to gamble and Im on here because I like to trade. I enjoy it, I have fun. I know its a game of chance and it might be my downfall, but Im a grown adult and dont need anyone telling me the error of my ways.
Well, there are key differences between Vegas and the markets. The markets give you a lot of time to think and a way out on the way down. You never truly lose all of your capital unless you enter into something truly exotic. Fortunately, we have stop-loss orders and the better part of discretion. At the tables, its just win or lose and the winner rakes at the end while you are left with zip.
To the peddlers, to the byhisello, I have a gift for you. Here is your gift for the thousands of informative articles you have placed here on the web. To all the guys that were telling me about the fundamentals and the wrongfulness of trading.
Here is your gift:
In Vegas, there are those peddlers who carry signs talking about religion and the error of the gamblers ways. On Wall Street, you have those that talk about fundamentals and how the market is always seemingly overvalued. On this message board, we have that bylosellhi guy who carries signs around about fundamentals and horror stories telling us the error of our ways.
You and I know that at the poker table its all about two things, luck and probability. To a certain extent its about probability and strategy, but to some extent its about luck. Sometimes its more about luck but other times its about strategy and probability. Most of the time, they just seem to go hand in hand.
When and if you do fail at the tables, the peddlers come down like vultures upon you saying they were right. When and if the market corrects, bylosellhi guy comes down and tells us he told us so. The fundamental guys vulture down upon us to tell us how wrong we were.
Now I know about religion just like I know about fundamentals. I dont need big signs to tell me about religion nor do I need long articles to teach me about fundamentals. I see whats going on around me. The simple fact, though, is Im in Vegas because I like to gamble and Im on here because I like to trade. I enjoy it, I have fun. I know its a game of chance and it might be my downfall, but Im a grown adult and dont need anyone telling me the error of my ways.
Well, there are key differences between Vegas and the markets. The markets give you a lot of time to think and a way out on the way down. You never truly lose all of your capital unless you enter into something truly exotic. Fortunately, we have stop-loss orders and the better part of discretion. At the tables, its just win or lose and the winner rakes at the end while you are left with zip.
To the peddlers, to the byhisello, I have a gift for you. Here is your gift for the thousands of informative articles you have placed here on the web. To all the guys that were telling me about the fundamentals and the wrongfulness of trading.
Here is your gift:
