Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (11976)	7/18/2001 10:18:56 AM
From: Terry Whitman	Read Replies (2) of 52237

Oh oh, when everyone sees the same thing- doesn't that automatically rule it out. <gg> While playing some computer BlackJack last night, It occured to me once again how similar trading/investing is to plain old gambling. Here's some of the many ways they are alike- - There is a basic 'Strategy' that one must follow in order to have any chance at all of winning. - The odds still favor the house, even with a perfect strategy, but there are ways of stacking things in your favor by skirting the rules, and also varying the size of your bets when odds change. - The longer the winning streak, the more likely one is to increase his bets, and it is generally a bad time to be doing so, since trends reverse when they get to extremes. - There are long periods with either small gains or losses. - The longer the losing streak, the more despondent one becomes. Most players continue to make the same size or increasingly larger bets in hopes of the trend reversing. If they are wrong, they go bust. - The only time I walk away with profits is when I quit while I'm still ahead. Cards anyone?? <g>

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