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Abstract：Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House
“Trade like a casino” sounds like an awesome idea, right？ That's why I love the book by Richard Weissman!
After all, what do casinos do？ They have a system/strategy to ensure that they are going to have an edge over the long-run.
Does that mean the casino is going to win every poker game？ Not at all, but over time, it is almost guaranteed to make money.
The interesting thing about Richard is that he focuses a lot on research and backtesting. That allows him to develop mechanical trading systems that he is then able to use with a positive expectancy.
In this book, Richard 's discussed what it means to “trade like a casino” and how traders can apply this principle in their trading. It's not only about the trading strategy but also in regards to emotions and psychology.
The Best Advice To Trade Like A Casino: Manage the risk!
Question & Cheat Sheet – Richard Weissman
1. What it means to “trade like a casino” & why it's crucial
2. How to reach the level of trading like a casino
Doing research
Having a mechanical trading system
Building confidence
3. The types of strategies used by great traders
4. How to backtest properly
5. Discretionary trading like a casino
And much more!
Click here(https://bit.ly/3cSpXPg) to read the author's trading secrets right now!
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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