poker vs trading PART4

similarities and differences
one of the differences in poker and trading (online poker more specifically) is that you can search player results in online poker, but you can't in trading (stocks, options, commodities). in online poker, as long as you know the player's username, you can search on a few different sites, and see exactly how much that person has won or lost. you can see exactly, who the best players are, who the average players are, and who the worst players are. it's (usually) free and very easy to do.

in trading, no such thing. (unless you run a big hedge fund). but other than that, you can't search someone's name and quickly see exactly if that person is a stud or a loser. that's a huuuuuge difference. why?

transparency. in poker, you can weed out the bull shit. no one can fake as if they are a winning poker player. BUT, in trading, there are lots of people who sound smart. and some of those people are actually legit and know what they are talking about. but, unfortunately some of those people are just full of shit. there's lots of bull shit in the stock market, lots of people like to pretend they know stuff. it's hard to tell sometimes

my meaningless opinion? you just have to be a skeptic first, then decide later. you'll hear "experts" sometimes say they think a stock is going up or down. and how "confident" they are. lolllll, no one "knows". if someone really did know valuable information, they most likely wouldn't tell that many people. some people just hate to say "i don't know" and it's very annoying (think Jimmy Kimmel lie witness news)

one of the best things about trading? in order to make money, you HAVE to put your money where your mouth is. you don't need to convince anyone of anything. if you think AAPL is going to the moon, just put your money where your mouth is

runner runner

oh my god. the first half of the trailer got me really excited. then it kind of fizzled out.

but online poker in a legit blockbuster (with the writers of Rounders)? looks somewhat interesting.

fs up

the news of A-rod, Ryan Braun and possibly others being suspended by the league for performance enhancing drugs was only somewhat interesting to me. i know i simplify things, but if you want to stop people from breaking the rules, the solution is very simple. very very simple.  you increase the punishment. if 20+ players are going to get suspended for using PEDs, that basically means that the risk did NOT outweigh the reward.

let's say Major League Baseball said if you get caught once using PEDs, you will be banned from all forms of baseball for life AND you will be on legit house arrest for the next 20 years (exaggerated but whatever). there, PED problem over.

it works for anything. you want to stop people from speeding. making the fines $2,000 for the first violation. i bet that'll make the number of speed demons decrease.

if you want to stop high school/college students from cheating, make the punishment (for both cheating parties) a 30day suspension with 200 hours of community service and an automatic F for each class that semester.
a. hey grant, did you finish the spanish homework?
g. yes.
a. let me see it real quick
g. get the fuck away from me

just increase the punishment
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the 9th worst thing about totalling (sp?) your car?
     -is that you join the "i totalled my car club"
the 10th worst thing about totalling your car?
     -is that you can no longer criticize other drivers. like if you're in a car with 2 other people. and the driver gets cut off and says "geez, people in san francisco cannot drive for shit!"     all you can do is just sit there, you can't even agree or say "yeah"

i do like yelp tho

i like yelp overall. but i have some problems with it.

yeah yeah, i don't like how restaurants can pay a fee and have bad reviews be taken down. it seems shady and it gives the actual reviews less credibility.

but overall, i like yelp. it's very very useful sometimes.

but one small thing that bothers me. i don't like how they use a 5 star rating system. it should be 10, 10 would be ideal. even a 100-point rating system would be more useful

when you're in a new neighborhood and you want to find a good restaurant, you'll often find 10 restaurants, six with 3 stars, four with 3.5 stars, there's not enough room to separate the restaurants. let's say that i'm a yelper and review 4 restaurants in the same neighborhood. and let's say that i review each restaurant based on 100 different categories (like cleanliness, customer service, wait time, parking availability). and let's say after the review of the 4 restaurants, that i settle on the reviews 3.3, 3.4, 2.7, and 3.0. obviously if someone asked for my favorite, i could tell them the restaurant that ranked 3.4 and so on. however, with the current yelp rating system, i would have to rate each restaurant a 3. plain and simple. lame. they need a 10 point scale to  help separate the good restaurants from the average, and the average from the poor.

i'd rather look up restaurants in a neighborhood and see more of a power rankings. best, second best, 3rd best, suckiest, the worst
rather than
look up restaurants in a neighborhood and see a 9 way tie for "best"