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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (30775)8/7/1998 6:22:00 PM
From: Defrocked  Read Replies (2) | Respond to of 132070
 
Niederhoffer never learned rules 1 and 2.<ng>



To: Knighty Tin who wrote (30775)8/7/1998 8:21:00 PM
From: Bipin Prasad  Read Replies (2) | Respond to of 132070
 
2. Never increase your bet when you are losing.


That's the hardest part in gambling and investment.

Have a great weekend.

InSook



To: Knighty Tin who wrote (30775)8/8/1998 7:21:00 AM
From: yard_man  Read Replies (1) | Respond to of 132070
 
You're getting other post on the subject so:

2. Never increase your bet when you are losing.

By definition then, your option strategy is not gambling, then. I know you do lots of things to increase your odds, but by using the thirds you are adding to a losing bet (at least short term), no?


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