Quote:
Originally Posted by Sqred
To write this type of piece, using dumbed down examples and language for the average poker player...
This is the problem.
Sklansky is a gaming expert...
Not the generalized intellectual for all seasons...
That he views himself as.
As someone who has been a PRO trader for 15 years...
I find Sklansky's musings on the financial markets...
To be simplistic and misguided.
His gaming knowledge just does not translate.
Pro Traders simply do not think like gamblers.
The financial markets are in no way about gambling...
They are all about risk arbitrage.
Successful traders are analogous to a CASINO...
They have a long term edge...
In the form of the bid/ask spread...
While Sklansky views them as analogous to gamblers.
If you want to learn about the complex world of options...
Read something written by a Pro Options Trader.