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Ah! The old double the bet until I win and am even again. Sounds like many a
trader that keeps averaging down. .
BobsKC wrote:
> Nah, he just forgot that when your luck is running hot, you bet more and
> when it turns cold, you take in a show or cut drastically back on your
> bets.. I've seen it many times.. gamblers get into the mode of conserving
> capital when things are going great and increasing risk to cover
> losses. 180 degrees out of order and a disaster course. Much the same can
> happen in trading if one isn't diligent.
>
> Bob
>
> At 11:05 AM 2/25/2002 -0600, you wrote:
> >Hello TheQuant,
> >
> >The most successful gambler on earth is broke, walking the streets of
> >Vegas. Why? Could he not replicate that which gave him his moment of
> >glory? He must have thought he had a method at one time. Or was it
> >randomized luck? Man and machine concurring to play the game. Who
> >will win? Let's give man the benefit of the doubt and say that Man is
> >conqueror. Man will be far along in deep sleep as the slot machine
> >continues to serve it's next prey. I would rather own a slot machine
> >or any machine rather than own the apparent skills of the lucky
> >gambler.
> >
> >
> >--
> >Best regards,
> > TheQuant mailto:thequant@xxxxxxxxx
> >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> >Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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