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Discussion in 'Bankroll Management' started by SevenOut, Nov 11, 2012.
..well I know of a great law firm we can hire to get him out of jail...Night and Day Attorney at Law
They've been around a while. I gather none other than Frank Sinatra had them on retainer.
There are always hustlers to prove that the impossible is... possible.
Take $2,000 and $3,000 Bankrolls. This is a hustler's line, sinker and hook.
This is a $200 and $300 Bankroll Thread, originally. Now used toilet tissue for the hustler crowd.
The numbers are relative to exposure. Making 10% on either is a mathematical certainty.
Losing 25%, 50% or 100% of the Bankroll is another mathematical certainty. Greedy people tend to use larger numbers to infatuate those who work with smaller numbers. Like myself.
I am just as content playing 20 cents at a Keno 6 for 6 to win $320. A $20 Bankroll.
If I hit the occasional $320, it appears to be a windfall... and it is. Those on this Forum who actually believe you can make MORE money by risking more need to get some therapy. You neglect the LOSING aspect of having nothing but pocket lint.
Fishing for trout, bass or crappie is fishing. I prefer Catch and Release as it is a sport to me, not the need for a meal. Those on this Forum should see any form of Gambling as gambling. I am content, at the present time, to play and lose nickels.
If anyone on this Forum believes you can improve your standard of living at a Craps Table, you cannot be helped by those offering good advice. The hustler provides 'good advice' and then sets the hook with some easy money scheme. Think about it. If the scheme works... why use YOUR money?
When you can understand that, you might make a decent Craps Player.
Didn't sell any AAPL on either dip. That being said, I need to do a better job of locking in a sizeable gain and then buying on the inevitable drop. A fundamentally strong company with pricing power that continues to re-invest profits -- such as AAPL -- will increase in value in the long run, even if there is a temporary decline (buying opportunity!).
Sounds like NFLX has been quite good for your portfolio. Gotta have a few of those stocks that can really move on an earnings announcement.
No wonder few spend much time seriously discussing Craps on the Forum.
...then discuss investing wisely and beat the Craps Table at the same time for extra cash to use for investing.
^ that is funny, but true. I'm the other way around. I trade Forex and Bitcoin so I can make some extra cash to throw away at the Casino.
Just posted up a Trip Report though where I walked in with $400 and a rule to walkout if I lost $300 or 3 hours, whichever happened first.
I walked out a winner with +$586. Going to parlay it again this weekend, maybe tonight and see what I can do.