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I have never heard anything that is more incorrect then this statement. There
are blackjack players that were banned from casinos because they had a system
that changed the probabilities and consistantly beat the house. They even
beat the multiple deck games that the casinos were forced to use. If there is
no system then how do the casinos consistently make money? They make money
from those gamblers that have no system. The only players that the casinos
hate to see are the professionals. They are the only ones that can beat the
casinos. Just like the markets. The only ones that can consistantly beat the
markets are the professionals. Everyone else is searching for the Holy
Grail. They are grabbing at penny stocks and buying lottery tickets looking
for that one big hit. The professional just operates a system that works for
him. Makes a little all the time and accepts the loses as part of the
system. Nothing is perfect, but there are some systems that are better then
others. Just like there are some traders that are better then others. There
is a system for everything. Because you don't have it doesn't mean that it
doesn't exist. For how many years was the earth flat, did bleeding cure
illness and remember you couldn't fly to high because the wax on your wings
would melt. Do you belong to the flat earth society?
TheQuant wrote:
> Hello realtraders,
>
> I saw a real good program on TV lately about gambling and a casino
> operator said gambling systems? Gambling systems did you say? There
> are no gambling systems, and if anyone tells you they have one that
> works their a liar. He went on to point out that a system - If you
> think you have a system. Is a method which you follow - that when this
> or that happens you have rules in place to do this or that.
>
> Think about this what trader wakes up each morning and decides what
> action they will take when they see what happens? Answer - a looser
> thats who. Any trader (discretionary or mechanical) will have to trade
> mechanically with or without the use of a computer to succeed else you
> are betting on random luck.
>
> --
> Best regards,
> TheQuant
>
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>
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