What is the best way to make money on gambling? Own a casino.
- Casinos operate as a business.
- Casino have table limits to manege and their customers are likely to risk it all.
- Casinos have a mathematical edge, and gamblers are at a disadvantage.
- Casino has no ego or emotion, but gamblers do.
Now what give us a trading Edge:
.Trends
.Support and...
"There are really four kinds of trades or bets: good bets, bad bets, winning bets and losing bets.
Most people think that a losing trade was a bad bet. That's absolutely wrong. You can lose money even on a good bet.
If the odds on a bet 50/50 and the pay off is 2$ vresus a 1$ risk, that's a good bet even if you lose.
The important point that if you do enough of...