SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (147507)1/31/2002 1:17:49 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
Anyone else notice that the Naz seems to be drawn like a moth to a flame to the 1929 level?



To: GraceZ who wrote (147507)1/31/2002 1:20:31 PM
From: maceng2  Respond to of 436258
 
(the guy was an architect)

Yep, I can imagine. I know several. These architects give us gamblers a bad name. -g-



To: GraceZ who wrote (147507)1/31/2002 1:21:50 PM
From: lifeisgood  Read Replies (2) | Respond to of 436258
 
After reading the thread today, my suspicions that traders are nothing more than gamblers is starting to be confirmed. -g-

I have a friend who sold his house and moved to Vegas to count cards about 15 years ago, the house money gone on the tables and the rest up his nose he came crawling back got a job and saved up to go back. Last I heard he was working days in some crappy service job (the guy was an architect) and gambling nights living in a dump in the out skirts of Vegas.


I couldn't agree more with your statement. Most gamblers lose-- I'd guess about 90%. It just so happens that is the same percentage as traders who lose all of their money over time.

best...

LIG



To: GraceZ who wrote (147507)1/31/2002 1:28:12 PM
From: patron_anejo_por_favor  Read Replies (3) | Respond to of 436258
 
<<I have a friend who sold his house and moved to Vegas to count cards about 15 years ago, the house money gone on the tables and the rest up his nose he came crawling back got a job and saved up to go back. Last I heard he was working days in some crappy service job (the guy was an architect) and gambling nights living in a dump in the out skirts of Vegas.>>

Sad story...successful advantage play requires a LOT of discipline, and a lot of training, preparation and work. Not unlike running a successful business. The story you relate is not uncommon at all, unfortunately. Much easier to keep the day job and try counting recreationally...that way if you hit a bad swing (which is inevitable), you don't have the pressure of having your mortgage money on the line.