My first Post (i am new) - Page 3

NiR · #21 08-09-2005, 11:45 PM

i didnt read the replys afterwards so i am reliefed about the coments lol. but anyway i am just doing hw now on stocks. then ill experience it with a bankroll that i wont be afraid to lose. "invest what you can afford to lose." thats the way i think about all this so i will NOT go broke. believe me. if i invest 5k ill make sure i have alot of "buyins" in my bank account to do so. and i just got "investing for dummies." lol. ill start by reading that and move on to the next book. since i dont have enough money to invest now anyway... i will just do my hw and get all the info i can before starting. keep the info comming.

Sniper · #22 08-10-2005, 01:22 AM

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although you might be correct about 5% beating it but that seems alot to me. like with poker, i am sure you know what % of people actually beat online poker regularly. if you know that then i am sure you understand that it is less then 5%. much less. ya i am sure stocks is a whole another game and may be much more difficult and 5% of the pros beating it seems very hard.

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The most recent quotes from poker sites are 7-8% of players end the year in the black.

The percentage of winners in the stock market is substantially higher!

NiR · #23 08-10-2005, 03:24 AM

y point my exactly. but even 7-8% seems to much. last i heard it was less then 5%. i may be wrong.

FishHooks · #24 08-10-2005, 12:44 PM

7-8% might be correct at online sites, its proboly even less 3-5% at casino's with the larger rake.

PancakeBoy · #25 08-10-2005, 05:52 PM

have u read any of the Motley Fool's books? if so what have u thought of them?

MrMon · #26 08-10-2005, 06:17 PM

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although you might be correct about 5% beating it but that seems alot to me. like with poker, i am sure you know what % of people actually beat online poker regularly. if you know that then i am sure you understand that it is less then 5%. much less. ya i am sure stocks is a whole another game and may be much more difficult and 5% of the pros beating it seems very hard.

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The most recent quotes from poker sites are 7-8% of players end the year in the black.

The percentage of winners in the stock market is substantially higher!

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I find it hard to believe only 7-8% of poker players are in the black on an annual basis. Either that, or I'll have to raise my own opinion of myself. Anyone care to provide a link?

Sniper · #27 08-10-2005, 10:53 PM

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have u read any of the Motley Fool's books? if so what have u thought of them?

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I have read some of the Fool's books, and I would put them in the category of books about how others make $ in the market. (you can see my suggested reading list in an earlier post in this thread)

Its good reading after you have a basic foundation of how to evaluate their suggestions.

Sniper · #28 08-10-2005, 11:01 PM

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I find it hard to believe only 7-8% of poker players are in the black on an annual basis. Either that, or I'll have to raise my own opinion of myself. Anyone care to provide a link?

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Here's a link:
http://sports.espn.go.com/espn/page2...0719&num=0

And a quote...
"Well, as it turns out, there is one group that can -- and does -- track this kind of stat, though they are not about to publicize the results. That group consists of online poker site management, two members of which revealed to me at the WSOP that what intuition suggests must be true -- only 8 and 7 percent, respectively, of all players on their sites finish the year in the black. And I'm not talking about deep in the black, either. The vast majority of those winners are not about to give up their day jobs."

There have been several threads on this topic in other forums on 2+2, here's my take on the numbers, originally posted in another thread...

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If you examine all the factors, its fairly easy to see where all these numbers are coming from...

Rough expectation for long term players:
Ring Games - 40% win / 60% Lose
SNG - 20% win / 80% lose
MTT - 5% win / 95% lose

Other factors to account for...

The winning expectation numbers move up a bit when you account for extra $$$ from RB, Bonus, Point programs, Freerolls, etc.

The losing numbers move up alot when you account for the large number of players that try to play and lose their initial deposit and never return.

If you consider the relative number of people that play ring vs tournaments, its not to hard to understand how a casino mgr would be quoted as saying winners are less than 10%, but a ring players PT database shows 40% winners.

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