Forum: Traders Hideout
November 4th, 2012, 01:06 PM
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Replies: 88
Views: 37,909
The odds can't be simultaneously against the...
The odds can't be simultaneously against the favor of everyone at the same time. An extreme scenario makes this obvious: if I had 400 million euros to spare, I could just buy the heck out of a single...
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Forum: Traders Hideout
November 4th, 2012, 11:58 AM
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Replies: 88
Views: 37,909
Not knowing the rules does not imply that the...
Not knowing the rules does not imply that the odds are always against you. As an analogy, you could win chess matches without ever fully knowing specific rules such as castling and en passant!
The...
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Forum: Traders Hideout
November 3rd, 2012, 05:03 PM
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Replies: 88
Views: 37,909
Itchymoku
Actually, I disagree. There are...
Itchymoku
Actually, I disagree. There are two extra disadvantages of being a speculative trader as compared to a professional gambler, namely model risk and information asymmetry.
You cannot...
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