Gambling, like forex trading, never pays....
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sure... I am the one that doesn't understand... and your words "odds ARE everything..." is not grossly stupid and when you use "odds ARE everything..." as a starting point in your reasoning, you are brilliant instead of being the fool ...
I think of all the stupid people I pwned in sgf, you take the cake...
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if your idea of "pwning" is simply ignoring anything someone says and insulting them until they go away, i think that "pwn" count of yours is lower than you think.Originally posted by AndrewPKYap:sure... I am the one that doesn't understand... and your words "odds ARE everything..." is not grossly stupid and when you use "odds ARE everything..." as a starting point in your reasoning, you are brilliant instead of being the fool ...
I think of all the stupid people I pwned in sgf, you take the cake...
Once again, it appears I have reduced you to a babbling fool. Take a few deep breaths. Collect your thoughts. Drink a little coffee. Process my words. Then reply.
I hate walkovers, they're just so unsatisfying. Give me a decent rebuttal dammit. Not some argument reminiscent of our primary school years. I insist you act like a grown up. -
What more do you want?
I have repeated until my voice is hoarse
when you use "odds ARE everything... " as a starting point in your reasoning,
when you make statements like "odds ARE everything... "
you are being a fool... why can't you see that? why are you so stupid?
*sigh*
Why don't you do yourself a favor and consider for a minute that I am not trying to irritate you or chase you away or trying to win an argument or trying to make a fool out of you...
... but that the reality is that:when you use "odds ARE everything... " as a starting point in your reasoning,
Why can't you consider this for a moment. That I am telling you the truth that
when you make statements like "odds ARE everything... "
you are being a fool...when you use "odds ARE everything... " as a starting point in your reasoning,
Why don't you spend some time going through this in your head... discuss with your friend... google... I don't know what you do when you have a problem... and check if what I say is true... and that
when you make statements like "odds ARE everything... "
you are being a fool...when you use "odds ARE everything... " as a starting point in your reasoning,
*sigh*
when you make statements like "odds ARE everything... "
you are being a fool... -
OR
you could elaborate on why it sounds so stupid.
as i have said many times. Elaborating would have taken you considerably less effort than your numerous repeating of how stupid it is.
But you're afraid, aren't you. You know the checkmate is at hand, and you're afraid to commit to a move.
That, or you don't really understand why it's "stupid", and you're just saying it's "stupid" because you have no arguments against it. -
Can I suggest a truce for the 2 of u? Both your time and energy (and they are ample as evidenced here) sh be directed positively ..... or it will be a great waste otherwise!
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actually i think we're both doing constructive things here
he is trying to promote his views for financial gain.
and i am doing a public service discrediting his nonsense. -
Just as I will not answer your stupid questions... I cannot elaborate why your statement is stupid... I want you to continue making a fool of yourself...Originally posted by deathbait:OR
you could elaborate on why it sounds so stupid.
as i have said many times. Elaborating would have taken you considerably less effort than your numerous repeating of how stupid it is.
But you're afraid, aren't you. You know the checkmate is at hand, and you're afraid to commit to a move.
That, or you don't really understand why it's "stupid", and you're just saying it's "stupid" because you have no arguments against it.
For example, if a kid tells people that 1+1 is zero... I will be happy to correct his error by explaining to him why he is wrong... but if he is an obnoxious retard... I am already very kind when I tell him, you are stupid when you say 1+1 is zero...
... if he keeps insisting that 1+1 is zero... I will of course let him continue to make a fool of himself...
I want to see how long you intend to make a fool of yourself...
Let me remind everyone here what your position is...
This chap (quote below) hates my guts and was trying to enlightened you because he hates to see me making a fool out of you and tried to tell you...Originally posted by deathbait:odds ARE everything...
but you are just way too stupid to take hints...Originally posted by kramnave: 20 November 2007 · 12:11 PMUnfortunately odds are not everything outside 4d.
Psychology is...
Sure, go ahead and imagine we are at a stalemate... and continue to make a fool of yourself... -
there is no such thing as truce where andrew is concern lah. because to him, the only correct argument is his argument... where everything and everyone else is delusional....Originally posted by TS Kan:Can I suggest a truce for the 2 of u? Both your time and energy (and they are ample as evidenced here) sh be directed positively ..... or it will be a great waste otherwise!
in the mean time, I am still trying to find the book that andrew is purported to have written. -
andrew, why everytime u cre8 a thread, someone starts flaming or argues with you, not that im against you and its fun to watch
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How can there be a truce? He is encouraging people to gamble and speculate... and what sort of casino gambling prevention am I doing if I let him go around fooling people... you can trust him if you want to, but I strong advise you not to.Originally posted by Chin Eng:there is no such thing as truce where andrew is concern lah. because to him, the only correct argument is his argument... where everything and everyone else is delusional....
in the mean time, I am still trying to find the book that andrew is purported to have written. -
.... double post
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I know you are a Christian and Christians like to say things like
"Jesus is the answer"
I think that it is and in fact it is delusional, but when it comes to religious faith, I will not defend my position so vigorously or attack your position so vehemently...
When it comes to casino gambling and speculation, and people come along and try to fool others... I have to expose them .... hey, it is my calling... I am sure, as a religious person, you understand "calling".
... but outside of religious faith, when people come along and and say a grossly stupid "odds ARE everything"... in a gambling and speculation thread...
... you see what he says:
... when you tell people:Originally posted by deathbait: 21 November 2007 · 05:28 PMand i am doing a public service discrediting his nonsense.
"Jesus is the answer "
The first thing anyone (outside of your faith) will ask is "How can"?
You mean education is not a part of the "answer" ?
You mean hard work is not a part of the "answer" ?
"Jesus IS the answer " ?
You might argue that "Jesus IS the answer " refers to the whole philosophy of Jesus and that might even be defensible, but then you should say "the whole philosophy and way of life suggested by Jesus is the answer to clean, moral, decent and happy living..."; debatable but at least not grossly stupid...
To keep on insisting to people that "Jesus IS the answer " "Jesus IS the answer " "Jesus IS the answer " "Jesus IS the answer " "Jesus IS the answer " "Jesus IS the answer " "Jesus IS the answer " "Jesus IS the answer "
That's just gross stupidity.
... and when someone comes along and tell people:Originally posted by deathbait:odds ARE everything...
...and then take a position of epistemic certainty regarding odds, telling people they do not need to consider anything else, because hey, "odds ARE everything"; you don't agree that it is gross stupidity?Originally posted by deathbait: 21 November 2007 · 05:28 PMand i am doing a public service discrediting his nonsense.
Think, Mr Chin Eng.... -
don't stereotype please andrew..... i've never told anyone that "Jesus is the answer"....Originally posted by AndrewPKYap:I know you are a Christian and Christians like to say things like
"Jesus is the answer"
.....
Think, Mr Chin Eng....
.... because.... I don't know the question
to me "Jesus is the answer" is a totally cliched way of presenting Christianity.
again i reiterate.... I have never used it.... even to my family members.
shows how little you know about Christians hor!
btw... i also do not think that going to church is going to solve all your problems.... in case you wonder....
but this one in chit chat lah... no need to bring in the religious dimension lah....
foot note: I suspect apky is going to say, after my reply here: I never say you say "Jesus is the answer". I only give example only....
whatever it is, andrew, your reply is pointless because it digress from the original discussion: which is "Gambling, like forex trading, never pays...." -
again i ask.... where to buy your book hah? i think this is a reasonable question.... but you've chosen not to answer. i am beginning to think that there is no book.Originally posted by AndrewPKYap:How can there be a truce? He is encouraging people to gamble and speculate... and what sort of casino gambling prevention am I doing if I let him go around fooling people... you can trust him if you want to, but I strong advise you not to.
i think gambling and speculating are two different things. sure somewhere in the middle ground there are similarities but operatively they are not similar.... but then, i don't really care, i don't gamble and i don't speculate. -
spec·u·late (spĕk'yə-lāt') pronunciation
v., -lat·ed, -lat·ing, -lates.
v.intr.
3. To engage in the buying or selling of a commodity with an element of risk on the chance of profit.gam·ble (găm'bəl) pronunciation
There is no difference other than in some people's mind... both are activities where you place a bet hoping for a reward. The place and the mechanism is different, but there are no essential differences.
v., -bled, -bling, -bles.
v.intr.
1.
1. To bet on an uncertain outcome, as of a contest.
2. To play a game of chance for stakes.
2. To take a risk in the hope of gaining an advantage or a benefit.
There are differences between gambling products, like Mahjong, Poker and Toto, Big Sweep and Football betting, horse racing and to speculate in financial markets products. -
wanker, if gambling and forex trading are the same, how come we have people like Soros who make billions from Forex, but never heard of people doing the same in gambling.
plus how come banks have their own treasury department but no gambling department.. -
lol my dear andrew
you lock yourself up everytime you leak details of your position.
i will say again. Odds are everything. You support the guy who says emotional attachment is also a factor. You are the gambler, not I. By playing the odds, i make accurate, correct decisions. I am the investor. By admitting you are affected by emotions all the time, your decisions become one of a gambler's.
Once again, i repeat a question i've asked many days ago(and you ignored). Were you trading back then(as a commodities futures trader) on odds, or emotions?
Because i think you're about to get sued if you don't answer "odds". -
Originally posted by Gazelle:wanker, if gambling and forex trading are the same, how come we have people like Soros who make billions from Forex, but never heard of people doing the same in gambling.
plus how come banks have their own treasury department but no gambling department..
People that do not know a subject should not try to be smart and instead make themselves sound so stupid...
Soros and Bank departments are more like the casino (and like the late billionaire Genting boss) than they average gambling addict ...
You make me look so good... you are my good coolie... that is how a coolie should behave... make his boss look good and bumpz up my threads.... -
Lol andrewOriginally posted by AndrewPKYap:I know you are a Christian and Christians like to say things like
"Jesus is the answer"
I think that it is and in fact it is delusional, but when it comes to religious faith, I will not defend my position so vigorously or attack your position so vehemently...
When it comes to casino gambling and speculation, and people come along and try to fool others... I have to expose them .... hey, it is my calling... I am sure, as a religious person, you understand "calling".
... but outside of religious faith, when people come along and and say a grossly stupid "odds ARE everything"... in a gambling and speculation thread...
... you see what he says:
...and then take a position of epistemic certainty regarding odds, telling people they do not need to consider anything else, because hey, "odds ARE everything"; you don't agree that it is gross stupidity?
Think, Mr Chin Eng....
I like the way you attempt to link hard mathematical science to religion. Faith in a divine entity is so far removed from hard, proven mathematical proofs it's hilarious you're trying to concile the two.
I'm going to elaborate on my statement that "odds are everything" now. Partly because i'm tired of waiting for you to tell me why it's stupid, but mostly because I think it's better to explain an idea in detail than to just write vague statements(i'm looking at you, andrew), and this IS for the public after all, not just andrew.
Why do i say odds are everything when you're looking to invest?
Let's look at the objective of investing. When you invest, you want to meet certain criteria, or come close to them
1) make correct decisions
2) avoid making bad decisions
3) generate income in the long run
4) hedging
How do we make correct decisions? How do we know which decisions are bad? Introduce the idea of expected returns.
Expected returns are not to be confused with real returns. Your expected returns could be 300%, while at the same time, your real returns are -300%. What expected returns means is, in the long run, your real returns will match your expected returns, provided you continue to follow the prescribed strategy.
Obviously then, you want expected returns to be as positive as possible. This is not just for the forex, but for everything we do in life. A simple example would be choosing between two chicken rice stalls to buy lunch from. Assuming they both taste and cost the same with no queues, your expected returns are obviously higher if you buy from the stall that gives more chicken. And that is certainly the way you decide between two food stalls in real life.
Assuming you understand the above example, i'll elaborate a little on why andrew is wrong now to agree that emotional detachment plays a part in the investment process. Assume now that the stall that gives less chicken is run by your best friend. You are emotional bound to buy from him now. You are generating sub standard expected returns. It is a violation of (2), and you're now making a wrong decision.
Occasionally, the wrong decision may pay off. For example, the "more chicken stall" runs out of chicken just as you reach the head of the queue, giving you a "loss". But in the long run, you never go wrong making the correct choice based on expected returns.
But since we're on the topic of emotional detachment, i'll like to elaborate a little more here on the dangers of it(because being human, none of us are truly ever able to isolate it from our decision making). Emotional detachment is a dangerous thing when you're investing in the markets. Here's why:
The human mind is designed to learn from experience. Telling a child not to touch a hot stove won't work. The child will only avoid the hot stove after being burnt once. Only then will he start to heed advice regarding hot objects. Because he has learnt from experience.
Similarly, our brains learn to repeat actions that give a favorable return. In the complex world of the trade markets though, this primitive mechanism is a dangerous one for us. As has been pointed out above, the correct move(positive expected returns) is not always the best move in the short run. In fact, most decisions only give us an edge of about 10-15% over a random outcome. That's a lot of bad decisions that give positive short term results! And your brain inteprets those positive results as related to those bad decisions! This is why emotional attachment has to be kept in check. Play according to the facts, not your emotions.
Ok, going back to the odds. Why are odds important then? Well, the holy grail of all decision making is to know the odds. To know the odds is to never lose value in a decision again. For most decisions we make in our lives, we can at best approximate the odds. It is a pretty elusive figure.
Expected returns are calculated by odds. Odds is simply the probability of wins against losses. Every decision we make has it's upsides and downsides. But by calculating your expected returns accurately, you can see if that decision will lead to more upsides or downsides. Thereafter, the correct move can be made.
In a casino gamble, most odds are readily apparent. Expecially when no one has to make any decisions apart from how much to bet. Take roulette. Assuming we only buy 1 number, you expect to win once every 37 times. You
paid 1:36. 1:36 is your odds of winning. you're getting 1:35 payoff. That means your expected returns is negative.
By knowing the odds, you can determine that the correct move(if all that interests you is making money) is not to play the game. The better move is to be the house, of course.
Translate this to markets, or the forex in this case. You may be thinking by now that after this whole lecture, you're gonna be rich, because you will always make the right decisions. Well, the odds in these arenas are less well defined. Imperfect information baby. To determine the odds is what you have your traders for. It's why you pay the funds/banks a fee to manage the money for you. The traders aren't there all day playing with their gut. They are there because whether they understand the concept or not, they are in charge of estimating the odds to make the right call.
What are the odds that SIA share price will plummet to 0 today? You can tell me offhand it's close to 0, and you will be right. But that doesn't help you make good decisions. If i were to ask you a more relevant question, "what is the probability that SIA price will rise 20 cents today?", you would be stumped.Perhaps you'll try to guess a number, and that is what emotional investors do, subconsciously. That is obviously the wrong way. What if I gave you predefined odds? 2:1, SIA will rise 20 cents today. Knowing the odds, would that not give you confidence to buy SIA?
Odds ARE everything. They are the holy grail to investing. They are everything because the man with the odds will always make money. Knowing the odds is equivilant to never making a losing trade. Because even if the trade loses money, he is making the correct decision.
How again, my dear andrew, are odds not everything? Are you still going to insist luck and emotion plays a part? You are more of a gambler than the people you are trying to help, my dear boy.
You will of course excuse my maniacal laughter here. After all, the one time i actually make a point that supports Andrew's campaign, he shoots it down as grossly stupid=) -
Sure... keep on repeating "Odds are everything."... you have such low intellectual abilities... that you do not see how stupid taking that position is and continue to make a fool of yourself...Originally posted by deathbait:lol my dear andrew
you lock yourself up everytime you leak details of your position.
i will say again. Odds are everything. You support the guy who says emotional attachment is also a factor. You are the gambler, not I. By playing the odds, i make accurate, correct decisions. I am the investor. By admitting you are affected by emotions all the time, your decisions become one of a gambler's.
Once again, i repeat a question i've asked many days ago(and you ignored). Were you trading back then(as a commodities futures trader) on odds, or emotions?
Because i think you're about to get sued if you don't answer "odds".
pst... google for yourself why ALL, EVERYTHING, EVERYONE are words only intellectually deficient people use in an argument...
I am almost beginning of pity you...
nah........................... -
Make such a long post for what? When you are too stupid to see that "Odds ARE everything" is a grossly stupid statement to make...Originally posted by deathbait:Lol andrew .........................
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I like the way you attempt to link hard mathematical science to religion. Faith in a divine entity is so far removed from hard, proven mathematical proofs it's hilarious you're trying to concile the two. -
oh you mean in the same context as "Gambling, like forex trading, never pays?"Originally posted by AndrewPKYap:Sure... keep on repeating "Odds are everything."... you have such low intellectual abilities... that you do not see how stupid taking that position is and continue to make a fool of yourself...
pst... google for yourself why ALL, EVERYTHING, EVERYONE are words only intellectually deficient people use in an argument...
I am almost beginning of pity you...
nah...........................
lol -
Yes... something like that...
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unfortunately for you of course, mine was not a sweeping statement, while yours actually was.
here's where you say "touche". -
yar loh..I am addicted to make you look good...Originally posted by AndrewPKYap:
People that do not know a subject should not try to be smart and instead make themselves sound so stupid...
Soros and Bank departments are more like the casino (and like the late billionaire Genting boss) than they average gambling addict ...
You make me look so good... you are my good coolie... that is how a coolie should behave... make his boss look good and bumpz up my threads....