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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.70+0.7%Nov 26 4:00 PM EST
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To: HairBall who wrote (61120)10/20/2000 6:26:46 PM
From: maceng2  Read Replies (1) of 99985
 
LG,

Thanks for the introduction. What you say agrees with what I've seen.

There are a number of experienced traders/investors on the market that use specialised knowledge to make money. What's interesting is that they seem to share that knowledge on these threads.

I have done well on the stock market. That is to say my returns far excel my investments to date. Having been in the gambling business I would expect to see a much higher proportion of winners to losers in the general stock market. It has been going UP since year dot as far as I know. I say this in regard to the gambling business where the "house" has to deduct expenses that provides the medium for the play. Thus the losers have to be in excess of the winners. It's just simple math.

So, for example, if you play black jack every day, no matter how good you are, you have to "expense" a certain amount of money to pay the house. Your pile then either increases or decreases depending on the other players ability. To me, you are just "another player" as I am to you.

What has amazed me is the amount (%) of losers on the stock market (just my view as it were) seems to exceed the number of winners when compared to say (for example) roulette.

I'm just looking at it from the math angle.

Just some thought provoking thoughts for the thread to consider.

I can say though, I have learnt much from the SI threads. If you are going to trade, it's best to keep on good terms with the "tradee".

Investment is another deal of course

regards,

pearly.
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