Re: POKER VS STOCKS
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And in the long run only the very lucky or those with insider information beat index by much IMO.
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You are wrong! [img]/images/graemlins/cool.gif[/img]
I suggest you take a look at the performance records on marketocracy, for a simple example of many with the demonstrated skill to beat the "baseline" market averages (like the Dow or S&P).
Just like in poker, if you are willing to put in the time to learn "how to do it"... it is "easy".
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I think you sound like a pokerplayer who has been on a lucky run for 10.000 hands and is convinced he can beat the game for 8BB/100 even though people say its impossible in the long run. Compare stocks to poker where it takes 50-100.000 hands+ before you even get close to your actual winrate - how many people have even done 50.000 stock transaction in their life???
If that is a valid comparison maybe the average stocktrader never gets even close to the long run meaning luck is the most important factor.
Myself I will stick to longterm stock investments and hope for 7-10% gain per year average. [img]/images/graemlins/cool.gif[/img]
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