What Is The Casino Paradigm

Trading is difficult but it is still very possible to make money doing it. Just like playing bingo with umbingo, your chances of winning are not dependent on luck alone, it is on strategy.

The question on the mind of everybody that takes up trading is:

“How do I achieve the goal of making money”? Can I possibly find the best bet sites uk that fits to my online betting needs? that will give me the most profit?

What is required is adapting a successful existing business model to this speculative arena?

The model that makes most sense is the “casino paradigm” and nobody understands it better than author Richard Weissman – a professional trader with over fifteen years of experience consulting and training traders and risk managers. He is fond of playing online casino games specially playing 666casino games in particular, with his experience in online casinos he comes up with a good model.

In his superb book called “Trade Like A Casino“, Weissman dives into how many successful traders operate and that is that they operate just like a casino.

Your Casino Mindset In Trading

Every casino has an edge but that edge is extremely small.  In traders speak, the casino has a positive expectancy when it does business and while they may not win every hand, they end up as the last “person” standing.

Successful traders use a trading method with positive expectancy and then implement their method  in changing and also volatile market conditions.

Weissman explores the intricacies of methodology, mental control, and flexibility that allow traders to develop and maintain a casino-like edge.

It also addresses some of the more complex issues that surround this model of successful speculative trading.

An Exciting Trading Interview

In this NetPicks Author Series Webinar, we’re sitting down with Richard to get some nuggets you can use including:

  • Reveal the best-kept secret in trading, the cyclical nature of volatility, and offers insights on the tools needed to measure it
  • Discuss the importance of timeframe analysis and one of the most important tools associated with it—time frame divergence
  • Cover common trading pitfalls and how to transcend them as well as a wide variety of techniques for analyzing and improving trader performance
  • Examine the psychological mindset required to succeed with a positive expectancy model

Successful traders don’t need luck, since they consistently play the probabilities and manage risk. That’s how casinos win, and with this book as your guide, that’s how you’ll learn to win in today’s dynamic markets.

Author: CoachShane
Shane his trading journey in 2005, became a Netpicks customer in 2008 needing structure in his trading approach. His focus is on the technical side of trading filtering in a macro overview and credits a handful of traders that have heavily influenced his relaxed approach to trading. Shane started day trading Forex but has since transitioned to a swing/position focus in most markets including commodities and futures. This has allowed less time in front of the computer without an adverse affect on returns.