align-toparrow-leftarrow-rightbackbellblockcalendarcamerachatcheckchevron-downchevron-leftchevron-rightchevron-small-downchevron-small-leftchevron-small-rightchevron-small-upchevron-upcircle-with-crosscrosseditemptyheartfacebookfullheartglobegoogleimagesinstagramlocation-pinmagnifying-glassmailmoremuplabelShape 3 + Rectangle 1outlookpersonplusImported LayersImported LayersImported Layersshieldstartwitteryahoo

Trade Like a Casino

In order to be a successful trader you must know have to trade with the odds in your favor. Casinos make money because they have the odds stacked in their favor and entice gamblers to put themselves at a disadvantage by making it fun and entertaining.

Learn some techniques and ideas from OC Traders Meetup founder Scott Hodson that can put the odds in your favor by understanding some simple yet powerful statistical nuances about markets that can help you achieve your trading goals. We will also be referring to the ideas found in the book "Trade Like a Casino" by Richard Weissman as well so if you want to read or preview the book ahead of time that would be helpful.

Book: http://www.amazon.com/Trade-Like-Casino-Manage-Trading/dp/0470933097

Some topics include

  1. Why casinos always win
  2. How you can emulate the advantages casinos have
  3. How to recognize specific strategies that make money now
    • Specific seasonal strategies
    • Greeks-based options strategies

________________

Scott founded the OC Traders Meetup in January 2009 to meet other traders and learn from their experiences. He has been an individual investor and trader since 1994. His trading style tends to focus on highly mechanical and systematic trading methodologies enhanced with fundamental and seasonal factors that match his psychological profile and lifestyle.

Join or login to comment.

  • Adrienne

    It was good as usual. I never thought about "trading" to a baseball player, a casino...

    1 · December 3, 2012

  • scott h.

    The mix of experiences and types of traders was refreshing, I hope everybody got something out of my presentation

    November 30, 2012

  • John T.

    good information given and great mix of traders

    November 30, 2012

  • scott h.

    Hey Traders!

    I'm looking forward to sharing my thoughts with you. I hope some of you will feel comfortable sharing some of your thoughts on gaining a statistical advantage in the markets as well. We'll see you on the 29th!

    November 19, 2012

18 went

This Meetup is community funded

$5.00/month

Member dues are used to:
  • Cover Meetup costs
  • Help compensate organizers
  • Encourage more engaged members
  • Improve Meetups

Voluntary

Members are not required to pay dues, but are encouraged to chip in.

Cancel dues at any time.

Dues are billed each month.

Our Sponsors

  • ProbableTrades.com

    High probability trade setups each day. Sign-up for a free 30-day trial.

People in this
Meetup are also in:

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy