Casino Trading

  1. Casino Trading
  2. Casino Trading Strategy
  3. Casino Training School

Trading in Casino was halted Thursday after the shares fell as much as 8.3% to an eight-month low. Rallye said it will make a statement later in the day after Euronext suspended its shares as well. Casino stocks can be extremely volatile, and understanding how an investment can be a big winner or loser is key to investing in the industry. Evaluate whether regional dynamics will cause a rise. Casino Trading L.L.C. Is a Nevada Domestic Limited-Liability Company filed on August 1, 2005. The company's filing status is listed as Permanently Revoked and its File Number is E-7. The Registered Agent on file for this company is Andrei Casino and is located at 2235 E Flamingo Rd Ste C-4, Las Vegas, NV 89119.

Casino Trading

Gambling?


Is day trading gambling?

In a word, YES.

But let's examine this more closely and see why I consider it tobe gambling and yet still a viable business.

What is gambling?

Some dictionary definitions:

  • the act of playing for stakes in the hope of winning (includingthe payment of a price for a chance to win a prize)
  • a: to play a game for money or property b: to bet on anuncertain outcome
  • to stake something on a contingency : take a chance

Some assumptions

In order to make a comparison between day trading and gamblingI'm going to broadly define 2 types of day trading and 2 types ofgambling and use examples for each.

For my gambling choices I take the casino games of roulette andblackjack because I feel that more people reading this article willbe familiar with these two games of chance than any others. (Youmay be a poker player and that can be substituted for blackjack.)Roulette has fixed odds of winning and a fixed payout. Blackjackhas variable odds of winning and a fixed payout.

For day trading I chose the mini-sized Dow ($5) Futures (YM).This instrument has variable odds of winning and trading it can bestructured such that it has a fixed payout similar to blackjack androulette. I also define two day trading methods in order to makethe comparison. The first day trading method is calledrandom and using this method both direction and time of entryis randomly chosen. The second day trading method is calledsignaled and using this method both the direction and time ofentry is based on a predefined signal. Both methods of day tradinguse a 20 point target and stop.

Casino Trading

Casino Trading

This leaves us with two types of gambling:

Casino Trading Strategy

  • roulette
  • blackjack

and two types of day trading

Casino Training School

  • random
  • signaled
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