Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

You don't seem to be a very good time traveler. Otherwise you would know what stocks to buy and when.

Hey, you ever hear of risk of ruin calculations? It's a fascinating concept I stumbled across. Basically it's a way to determine the chance that your next trade is going to ruin you. Put you in the poor house and dump you out of the game. And the math on it is fairly easy. It's most interesting. Helps solve a lot of the demons that traders have. It gives a different look at trading.

Does your next trade have a 1 in 10, 1 in 100, 1 in 1000 chance of being the trade that ruins you? Very few people actually make it as daytraders. So for most, there was a trade, that one trade ...... and out the door they went.

I've got to go finish cutting the grass from last night, but I'll try and get an example up later on.