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I'll play any time and be the winner. That doesn't say you will lose, it says
that I will be profitable taking the other side no matter what you do. Haven't
you heard about the cross bet in gambling. That is where you bet on both sides
and no matter who wins you are profitable. The same can be done with trading.
Have a good day. Ira.
RAY RAFFURTY wrote:
> Hi Brent,
>
> I totally agree that one must both understand the risks and have through
> training before trading, however the analogy to gambling does not hold water
> for two reasons. First, if my methods give me an edge, say 60% it is like
> peeking under 6 of the cups. Secondly, and more importantly, I can cancel
> the trade at any time, limiting my loses. Like looking under one cup, and
> finding nothing, canceling the bet and getting $90 back. Would you want to
> play against me under those terms?
>
> Vulcans make excellent traders, they can calculate the odds and never let
> emotions get in the way.
>
> Live long and prosper,
>
> Ray (Spock)
> Raffurty
>
> ----- Original Message -----
> From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
> To: RAY RAFFURTY <rrraff@xxxxxxxx>; <realtraders@xxxxxxxxxxxx>
> Cc: <Realtraders@xxxxxxxxxxxxx>
> Sent: Tuesday, August 10, 1999 1:43 AM
> Subject: Re: RT_GEN: Day Trading News
>
> > Right, I certainly do not favor greater Governmental control. As usual
> > enforcement of regulations already on the books would help a lot. The
> > problem as I see it is not giving people the right education before hand.
> > When you say that if you have what it takes to trade you can be rich, it's
> > the truth but not the whole picture. If I said, give me 100 dollars and I
> > put your bill under one of ten identical cups (without your seeing which
> > one) and then told you that I'd double your money if you can find it, but
> if
> > you miss I get your $100 would you do it? You shouldn't because I have 9
> > times the odds that you have of winning. So if they put it in the right
> > perspective and have trading so demonstrated so that people get a concrete
> > picture of what they are really doing, then I'd say let people suit
> > themselves.
> >
> > Brent
> >
> > -----Original Message-----
> > From: RAY RAFFURTY <rrraff@xxxxxxxx>
> > To: BrentinUtahsDixie <brente@xxxxxxxxxxxx>; realtraders@xxxxxxxxxxxx
> > <realtraders@xxxxxxxxxxxx>
> > Cc: Realtraders@xxxxxxxxxxxxx <Realtraders@xxxxxxxxxxxxx>
> > Date: Monday, August 09, 1999 10:29 PM
> > Subject: Re: RT_GEN: Day Trading News
> >
> >
> > >Hi Brent,
> > >
> > >They started with 30 accounts, but thru out 4 because they where traded
> by
> > >the same person, leaving 26. If you read further, 9 accounts had less
> than
> > >30 trades and where statistically insignificant. They where thrown out,
> > >leaving 17 accounts.
> > >
> > >Five of the six winning accounts where thrown out because they took high
> > >risks, and according to them, will become losers sooner or later. Well,
> > >maybe, but they can not prove it.
> > >
> > >Seems to me the numbers where both manipulated and to small a sample.
> > >
> > > Good luck and good trading,
> > >
> > > Ray Raffurty
> > >
> > >
> >
> >
> >
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