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by philwelch
5932 days ago
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I've heard people say almost exactly the same things about horse races and craps, but in reality both of those are -EV. As far as my understanding of economics goes, day trading is 0EV at best, -EV when transaction costs are considered. I'd rather gamble when it's +EV--and then, gamble a small amount a large number of times to ride out the variance. |
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