How long was your longest Losing streak? - Page 2
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Thread: How long was your longest Losing streak?

  1. #11
    I have had losing streaks in the 10's....but let me say also that a good chunk of them would have been winners if profit had been taken at 1x risk. I just like to hold for runners as these account for the majority of my profit. Lots few winners, of losers.

    Quote Originally Posted by ;
    Trading is gambling

  2. #12
    Quote Originally Posted by ;
    I have had losing streaks in the 10's....but allow me to say also that a good chunk of these would have been winners if profit had been taken at 1x risk. I just prefer to hold for runners as these account for the majority of my profit. Lots few winners, of losers. quote
    I still laugh when folks make a distinction between gambling, trading, investing and speculation... like one is more controlled or respectable than the other. You are taking risk for benefit regardless of the name you provide it.

  3. #13
    Quote Originally Posted by ;
    quote I laugh when people make a distinction between trading, gambling, investing and speculation... as if one is more regulated or satisfactory compared to the other. You're taking risk for benefit irrespective of the name that you give it.
    Whatever man! So, just how long was your greatest gambling reduction streak ?

  4. #14
    Quote Originally Posted by ;
    quote Whatever Guy! How long was your gaming loss series ?
    lol. I can't remember if I am honest, likely a 10 series of winners? Who cares, if your trading technically over a brief term you will hit many series of winners, that's a given. You learn how to deal with this, it's not news, get it over and move on.

  5. #15
    Quote Originally Posted by ;
    quote I still laugh when folks make a difference between gambling, trading, speculation and investing... as if one is controlled or respectable than the other. You are taking risk for reward regardless of the name you give it.
    Gambling has no advantage for the gambler; in fact the expectancy is negative in any casino. In trading you can get an advantage but finding it takes a long time. If you don't think finding that advantage is potential, then quit now because you are wasting money and time.

  6. #16
    Quote Originally Posted by ;
    quote quit now because you are wasting money and time.
    I concur with kanzler

  7. #17
    Quote Originally Posted by ;
    quote Betting has no advantage for the gambler; actually the expectancy is adverse in any casino game. In trading you can get an advantage but finding it requires quite a while. If you don't think finding that advantage is possible, then stop now because you are wasting money and time.
    Why do casinos frequently ban Gamblers they suspect of being skillful at card counting?

  8. #18
    Quote Originally Posted by ;
    quote Betting does not have any edge for the gambler; actually that the expectancy is negative in any casino game. In trading you can get an edge but finding it requires quite a while. If you do not think finding that edge is possible, then quit now because you're wasting time and money.
    You are wrong on two fronts here.

    1) not all casino games have a house edge if performed properly.

    2) (along with the main point). Not all gambling takes place at a casino.

    There's not any difference, it is a misconception based on ignorant public perception. You are in the company of RISK my buddy, anyone who utilizes risk whether it is a new small business owner, horse racing speculator or trader in the pits, is a gambler making conclusions based calculated risk seeking to anticipate future reward.

  9. #19
    Quote Originally Posted by ;
    quote I agree with kanzler
    This is because you're yet to find why, and you'll as your progress on your travels. Be sceptical but not dismissive.

    Also do not be so naive as to complete that my perspective of gambling is gambling and gambling is trading means that I don't think you can make money trading. . .this is not the case, as I'm a gambler who makes money trading

  10. #20
    Quote Originally Posted by ;
    quote pfffff.... I'd likely blow a $200 in a day....
    lol man. Can't you give that $200 to this poor guy ?

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