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To: Scott Moore who wrote (1634)1/10/1999 11:40:00 AM
From: dpl  Read Replies (1) | Respond to of 3216
 
" There are gamblers and then there are wagerers. Gamblers are in the game for the
action and almost always go home broke or in debt. Wagerers know when to cut
losses and have resources to come back for the day when everything sync's-up."

I agree.To put it another way..gamblers bet when the odds or less than 50% and traders when the odds are more than 50%

David



To: Scott Moore who wrote (1634)1/10/1999 2:19:00 PM
From: William W. Dwyer, Jr.  Read Replies (1) | Respond to of 3216
 
Mr. Scott,

Very interesting discussion of the differences between a gambler and a wagerer. You make a very good point, and I especially agree with your remark "Reading people/the situation is a vastly better trait than nerves of steel or IQ." You obviously know some stuff.

Bill


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