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RE: Gen: Is trading gambling?



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> One big difference between being patient in a Poker game and
> being patient in
> the Market is that in Poker your odds of wnning can surpass 90%
> (i.e. with a Straight Flush).  Whereas in the market your odds never reach
> that level. (If you have such a trade, call me, I'll pay for the call -
and your time.)

There are ways of trading short options where the odds of winning surpass
90%.  Unfortunately, unless you have a good risk control plan in place, one
loss can exceed 9 times the average win...

  David Rosenthal
  <davidr@xxxxxxxxxx>