[petegz28]

You know why Casinos always in in the long run? The odds are in the favor of "the house". You may beat the house on occasion. May even have a consistent run at times beating the house. Some, a very, very select few will always beat the house.

Most will end up handing the house their money.


There is a reason most hedge funds and portfolio managers can't consistently beat the house, i.e. the SP 500. And it isn't from a lack of knowledge but from a lack of skill. Did you sell when you needed too? Did you buy too soon and get stopped out? Did you buy too late and miss the bulk of the run? Did the hot stock that made you bank fall out of bed over night?

I've seen some people in here talk about dumping everything when Covid hit and "buying lower". I bet they not only missed the bottom but by the time they bought back, if they have, they are worse off than if they just hung through it.

I can't remember who but someone was ready to dump all their money into ROKU for a "short term play". If I remember right it was about a day or two before ROKU took a bit of a hit.

Unless you are just damn good at trading you are never going to beat the house in the long run.