alt Hacker Newsand I wonder how much of your success / failure is luck vs advanced-anything. You could wager 7-figure bankrolls in vegas on blackjack or baccarat and _possibly_ double or triple it. Doesn't mean your equation-solving had anything to do with it (in fact it expressly doesn't in that case).
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> and I wonder how much of your success / failure is luck vs advanced-anything
Well take someone who YOLO on a 0 DTE option and makes 80x (not unheard of) vs someone who wins the same amount over, say, four years and 8 000 trades... Well it's not impossible that the YOLOer is more skilled and has an edge (while also being a degen but that's not the point): it is just very unlikely.
Thousands, tens of thousands, hundreds of thousands of trades is not the same as "gambling one night in Vegas".
Strictly wrong:
- a casino is a random game
- stock market is a game of incomplete informatoin
The one cant related to the other by whatever equation.