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Strategies & Market Trends : Options
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To: edamo who wrote (5356)3/21/2000 12:03:00 PM
From: SecularBull  Read Replies (2) of 8096
 
Drawing cards or a pitch... There is no difference in terms of "luck". Remember, however, that I am talking about poker, and not black jack or roulette. There is much skill involved in being a good poker player. The bad poker player is the gambler. Poker is too complex to be generally labeled as a game of luck.

I think that you probably feel comfortable with the game of baseball as an analogy to the market, but my point is that I will not be out of the game just because I got thrown out at home plate.

Poker (and baseball to some extent, looking a the entire game and as a team instead of an individual), is a progressive (or regressive) game. Bets are placed accordingly, and there is an exit strategy in each hand.

LoF
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