One-quarter of the world’s pigs died in a year due to swine fever in China

Re:One-quarter of the world’s pigs died in a year due to swi... by mikestew on Thursday January 02, 2020 @07:53PM (#21941812)

Lucky is making a few trades that went well. When one can do it consistently for twenty years, is it still luck? Yeah, maybe it’s luck that deep-in-the-money AAPL calls (as one example) consistently make money. Maybe my occasional “disaster” strategy (buys calls for UAL, Equifax, et. al., after bad press that’ll blow over) is luck. But, man, both examples consistently work. /shrug

Anyway, I have little desire to repeat the same old arguments, nor convince anyone else. However, one might consider the differences between a slot machine (which tells you up front that you will lose money in the long term, and has no stop orders) and trading equities. Or don’t, matters little to me because I have no argument to win.

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Re:One-quarter of the world’s pigs died in a year due to swi... by jldugger on Friday January 03, 2020 @02:50AM (#21944077)

> When one can do it consistently for twenty years, is it still luck?

If you take a few million people and have them invest in put or call options every year, you're still going to have some streaky winners after 20 years. Very few individual investors I have talked to have convinced me they are even tracking results well enough to back their claims of outperformance.

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