Returning again after their Cigar Shop debut in Episode 179, Shonn Campbell and Matt LaCoco host The Traders Podcast again to talk about the magical potion of probability and to what extent trading is, in fact, gambling. Matt and Shonn discuss how traders are just in denial about being gamblers, asserting that traders aren’t much different from professional poker players or card counters who use statistics to make their money. Shonn and Matt suggest that trading is merely card counting — with candles! They also talk about “the gut feeling” and how it’s essentially the intuition of probability.
So, in Episode 196, the Cigar Shop guys will answer the questions: Is there a way to count cards in trading? And is there a way to gamble for a living? You definitely don’t want to miss this one! Thanks for listening to The Traders Podcast.
Links for this episode:
Follow Matt on Twitter: @MattLaCoco
Follow Shonn on Twitter: @PlateauTrader
Rob on Twitter: @RobBooker
The Traders Podcast on Twitter: @TradersPodcast
E-mail us! Producer@TradersPodcast.com
Tagged as: currency trading, episode 196, forex, gambling, jason pyles, matt lacoco, probability, professional trader, rob booker, shonn campbell, the cigar shop, the traders podcast, trading career, trading for a living, trading from home, trading method, trading strategies, trading strategy, trading success