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To: patron_anejo_por_favor who wrote (147522)1/31/2002 4:17:30 PM
From: Bill/WA  Respond to of 436258
 
patron,
the guy who started echostar "DISH Network" (can't remember his name off-hand)was a professional poker player in his youth, supposedly. maybe that helped him take out R. Murdock from the DirectTV bid. <G>
<<Sad story...successful advantage play requires a LOT of discipline, and a lot of training, preparation and work. Not unlike running a successful business.>>



To: patron_anejo_por_favor who wrote (147522)1/31/2002 4:31:20 PM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<Sad story...successful advantage play requires a LOT of discipline, and a lot of training, preparation and work. >

The owner of "Hull Trading", Blaire Hull had a blackjack group with computers in their cloths and stuff like that and he got his stake for entering the options market out of Vegas... he sold out to Goldman a couple of years ago for $550,000,000.00 -NFG-

All sorts of options traders on all exchanges and with other groups are 'bridge players', etc. Rubin, Becker, et al [AMEX] were the world champions several years back in the 80's. Last I heard NONE of these people [including mathmaticians that started O'Connor and associates and sold out to Swiss Bank for Billions] are hurting for housing.

DAK



To: patron_anejo_por_favor who wrote (147522)1/31/2002 4:37:35 PM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
Patron, The problem is that many get the math right, but don't have a clue about money management. That is exactly the same as in the options world. I can't tell you how many zillion people have told me that they were great option traders until they lost all their money. Picking winners is the easy part. Organizing your bets and husbanding your funds is the more difficult, much less glamorous side.