Self Development Advice

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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Euler
Posts: 26205
Joined: Wed Nov 10, 2010 1:39 pm

I've never made any money on roulette. I and many others have made a lot from trading, they are very different.
freddy
Posts: 1132
Joined: Sun Aug 01, 2010 8:22 pm

zootzoot wrote:Proposition
Trading is little more than a slightly more sophisticated game of roulette.
The activity appears different but the endgame is the same...a severe loss of capital.

Discuss :)
Don't know anyone who has made a living from roulette :lol:, but i do know a few that have from trading,
so it pretty much of a nonsense statement tbh.

If you traded at random you could expect similar results to roulette, but we do not trade at random we use skill, so there lies the difference ;) .
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Einstein said that no-one can win at roulette unless he steals money from the table (yet that doesn't stop people from buying systems on Ebay purporting to show you how to beat the house!).

The only way you'll beat the house at roulette is if you get one of those introductory offers whereby the house will put in £x if you put in £x providing you have x spins of the wheel. What you then do is play very conservatively until you have met the minimum withdrawl requirements.

Jeff
Euler wrote:I've never made any money on roulette. I and many others have made a lot from trading, they are very different.
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