Tradesports is paradise for the small speculator, but not for someone needing to put large sums of money into action. You won’t find hedge fund managers here. You won’t be up against Warren Buffet or George Soros. You will find lots of small players, plus the reasonably well-funded market makers providing entry and exit opportunities [...]
As humans it is natural for us to feel pain when we are losing and feel elation when we are winning. Unfortunately, both of these emotions are destructive when it it comes to playing probability games for money. We must eliminate them from our psyche, or learn to ignore them anyway, in order to be [...]
Eventually going broke is a mathematical certainty if you are trading or making bets that have a negative expectation. A small disadvantage is all it takes. In fact, it requires a very large bankroll in relation to bet size to prevent this even in a fair game! Throw a little percentage edge against you into [...]
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