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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Cheeky Kid who wrote (51435)9/7/2000 12:52:38 PM
From: AugustWest  Read Replies (1) | Respond to of 63513
 
Yes, most people do lose. And if one relies on luck, it will eventually run out. I didn't mean to try to draw such broad comparisons, but there do seem to be some parallels.

BTW, do you look at a chart to find support or resistance in the stocks you buy or sell? If so isn't that a form of T/A also?



To: Cheeky Kid who wrote (51435)9/7/2000 1:27:43 PM
From: Rich1  Read Replies (3) | Respond to of 63513
 
Inmy yopunger days I took a card counting clas. Cost me $600.
If I play in a 1, or 2 deck game the casino cannot beat me.
BTW there are plenty of place in Vegas that still play 2 decks.
If we play 50 hands an hour I have to win 8 to 10 percent more than I lose. So if I have proper money maangement. Bet 1 chip when deck is poor, 2 when deck is rich, 3/4 when deck is very rich. I should win 20 chips in a 2 hour sesssion.
All this has been run through a computer at MIT ove 6 million hands.
Its all very boring though so I find myself winning at blackjack and losing at craps which is exciting..