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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (35552)	10/7/1999 8:55:00 AM
From: Tom Trader	Read Replies (3) of 44573

>>Oh, I knew you were only being facetious about a minimal trading strategy... that would be winning by default<< Now this reminds me of when I took part in a black-jack tournament while on a cruise -- one of these deals where the contestants are dealt cards for only a pre-determined period of time -- and the one with the most chips at the end is the winner. One pays an entrance fee to enter the contest and then receives "funny money" chips. I was one of the finalists -- and while the others bet aggressively from the start, I did my usual somewhat cautious bets. Several of them ran themselves to the ground quite rapidly. We were finally down to two -- myself and one other person. I was ahead but not by much. She continued to bet aggressively and lost out on a couple of hands where she doubled down. At that point, I started to bet the absolute minimum -- which was $5 -- and I would not double down even if I got an 11 to the dealers 4, 5 or 6. She was frustrated and pissed off at me -- she bet all she had on a single hand -- and lost and was less than gracious about it. I came away with prize money of $500+ It was fun

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