Quote from earlybirdstango:
is sports betting an option? JUUUST like trading. The tape (stats) dont lie. Sometimes you are too late and the line has moved too far for it to be a good bet (chasing) while other times you cant believe what a no brainer the bet is (easy money) And most similar, nothing is EVER predictable (nothing ever being predictable)
just like ur brokerChess seems like a good analogy, but I'm not so sure. There is no random element in chess as there is in the market. That random element is well represented by the dice in backgammon. Further, you can determine the odds you wish to pursue in backgammon and play them accordingly, either high risk or low risk. (Admittedly, the odds in trading are not as quite clearly defined.) And when you are in a good situation, you can increase your exposure with the doubling cube.Quote from asap:
CHESS it is. it all about drawing lines in the sand while carefully planning your next move.
Quote from whitster:
i agree that chess is not a good analog for trading at all. ESPECIALLY day trading.
games that incorporate game theory, management of risk, and chance as an element are closest to trading
poker is clearly analogous, for example.