I applaud you GLEN. the most sensible and reasonable post under this stupid title.
LTCM collapsed
As glen said you have to take a position to make money either way up or down.
I dont care if your using long dated warrants and options with short term trading options and warrants and LEPOs and futures or whatever you are still paying transaction costs.
gee there are some real morons on this forum
crashy, you say it took you years to work out you cant beat the cas you fu*khead. that is generally true and you can work that out in five seconds
unless you count cards which then the win ratio in bj is your wager every hour(ie. $10 table = $10hr). besides which there are not enough aussie casinos to make this viable as you will be recognised and i dont care how good you are or what strategies you impose to disguise your counting (ie. pretending to drink, keeping all chips hidden inviting a mate to keep up a convo)
if you keep winning they will notice especially if you are betting on tables $50 - $100 upwards (betting less it is not worth the effort)
regulars stand out like dogs balls on the higher wager tables and the supervisors notice.
besides counting cards is really hard work it is not fun and i tend to get a headache after 2hours -3
crashy take you $1 mill buy an index fund and wait 20 years. its a better bet
