the cigar shop

Episode 196: The Magical Potion of Probability and Why Trading Is Gambling

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 Read More

Episode 179: A Conversation From The Cigar Shop With Matt LaCoco and Shonn Campbell

In Episode 179, we bring you a little treat that’s a change of pace… Your host Rob Booker loves to hear what our fellow trading friends are thinking about — especially when those friends are Matt LaCoco and Shonn Campbell. Naturally, Rob sent them a digital audio recorder to capture their conversations about trading. … Naturally.

So, what you’re about to hear is a 20-minute excerpt of what was originally a 70-minute conversation between Shonn and Matt as they hang out at The Cigar Shop. This episode is a lot of fun, but it takes a little bit of concentration to listen to because there’s a great deal of ambient noise in the background, including a fountain and other people’s voices. But we sometimes like to capture the raw conversations that traders have “out in the field.”

Matt and Shonn discuss a number of topics, including the pitfalls of Read More