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Stock Broker Turned Millionaire Trader - Scott Manzo

The Trader's Journey

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The Gambler's Ruin

The gambler's ruin talks about the likelihood of your edge winning a certain round. David could be Goliath with big bets, but the big bets now favor Goliath because he can lose more than David can lose. If you have a statistical edge, if you kind of grow slowly and let that statistical edge play out over time, the odds really, really, really go into your favor.

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