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#111 Reminiscences of a Day Trader with David Hale

The AlphaMind Podcast

CHAPTER

The Importance of Positive Expectancy

I often say, the gamblers that make a living from it are more like traders. They're looking for what people would call positive expectancy or reg. The book does overlap in gambling quite a bit. I talk about in the book, I had some friends back in the day. There was the big poker online craze that took off 20 years ago. And these buddies who are mining with decent poker players just sit up there and take all the everyone's money. It is ethical. But they would wait, you know, kind of when all the bars to clear out. You can go to the roulette table and bet on Black and you, that’s a hundred percent gambling

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