Quote from whitster:
" chance are found in most games. And they are not part of trading."
chance is most definitely a part of trading.
much like other games where u incorporate game theory, as long as u have an edge, you can win a game where chance is present.
given sufficient "n"
There are many ways to make money.
personally for me; I am very risk adverse.
So I pick up my marbles and leave the world of chance.
Where I wind up is in a paradigm that deals with pool extraction and it mostly feels like doing plumbing.
I do not think that edges keep a person in the market extracting money as it is available. Trading edges is like not being in the market very often and when in, the person has no connection as to why he got in to why he is getting out. Edge stuff seems to be an entry only type orientation and, for sure it is riky on that basis.
There are two things that I look to for why I picked up my marbles.
Most traders are losers (some high percentage) And they use gaming theory.
To make money you need to be in the market and on the right side of the market.
I go IN and stay IN. I look to stay on the right side of the market and to reverse appropriately to stay on the right side. The consequence is taking profits periodically at the end of each price movement. As far as gaming, it does not apply. There are two sides to a moving market; being on the correct side is the only side to be on and there is one available all of the time. There is no gaming involved.
On the contrary, the mathematics involved have largely to do with optimizing techniques. Again, I do not see gaming as an aspect of optimizing. It is plumbing. Connecting the pipe to extract (being IN the market) and keeping the valve (# of contracts) at the correct setting and direction of flow.
There is room for many views on this stuff. for me, as time passes, it is very important to be making as much money as possible and all the time.