Back in the 80s, it was easy to make money as a casino because there’s little to no competition.Then, competition stepped in as more casinos entered the business. And the players got “smarter”.At this point, market conditions have changed.And if a casino refuses to adapt to changing market conditions, it’ll go out of business.So what […]
According to a study by Cesilla Horváth and Richard Paap, they found that casinos’ revenue was correlated with economic growth.This means during a recession, a casino’s business will be negatively affected as fewer people visit the casinos.So, what do they do?Well, they could…Reduce the number of staff to reduce their expense since they have fewer […]
“I have always made big concentrated investments. I don’t believe in diversification. I don’t believe that’s the way to make money.” “You are not going to make money talking about risk adjusted returns and diversification. You’ve got to identify the big opportunities and go for them.” “As far as Soros is concerned, when you’re right […]
Many traders don’t understand what it means to have an edge in trading. It is simply an advantage in the markets that over time leads to your winning trades adding up to more than your losing trades. There are potential edges in every market and in each time frame from scalping to value investing. What […]
Here are the 14 stages of the psychology of a market cycle from beginning to end. Disbelief: After a bear market the first rallies into a new bull market are not believed to be real. Investors think the rally will fail. Hope: The first step in beginning a new bull market is that a price […]
Hello, Traders! The basics of what it takes to be a successful trader are simple and obviousYet daily, I see traders who fail at one or multiple KEY points that sink their performance and they keep losing accounts even though these people do have the understanding of the market that would have been sufficient enough […]
