1. #1
    Rich Boy
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    Switched from Sports to Stocks and never looking back

    I've been at this game for over 10 years now and I can tell you what you guys probably already know, its hard as hell to make a profit against the books. Lines have become increasingly efficient and any edges are sniffed out and quickly eliminated, even in smaller markets which I have specialized in for years. This has forced me to look elsewhere to look for positive EV opportunities.

    I suggest trading stocks, not just any stocks, but stocks that are primarily traded by humans where edges are easier to find. I've back-tested several strategies against small cap (under 500 mil) NASDAQs and have found great edges (10% or more) consistently and my tracking of trades over the past 5 months have produced similar results.

    I still love the action of a sports game but the high quality opportunities have dried up over the years and I expect it to get worse.

    If any of you guys are fed up with sports and books in general, learn another craft where you actually have a chance

  2. #2
    pilebuck13
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    Richboy right nobody ahead here.

  3. #3
    bhoor
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    I agree with it. Without inside job, books won't make these razor sharp numbers.

  4. #4
    hotcross
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    Quote Originally Posted by Rich Boy View Post
    Switched from Sport to Stocks and never looking back
    sounds like you haven't come across these threads yet:

    https://www.sportsbookreview.com/for...ut-sports.html

    https://www.sportsbookreview.com/for...ted-daily.html

  5. #5
    dlowilly
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    Quote Originally Posted by Rich Boy View Post
    I've been at this game for over 10 years now and I can tell you what you guys probably already know, its hard as hell to make a profit against the books. Lines have become increasingly efficient and any edges are sniffed out and quickly eliminated, even in smaller markets which I have specialized in for years. This has forced me to look elsewhere to look for positive EV opportunities.

    I suggest trading stocks, not just any stocks, but stocks that are primarily traded by humans where edges are easier to find. I've back-tested several strategies against small cap (under 500 mil) NASDAQs and have found great edges (10% or more) consistently and my tracking of trades over the past 5 months have produced similar results.

    I still love the action of a sports game but the high quality opportunities have dried up over the years and I expect it to get worse.

    If any of you guys are fed up with sports and books in general, learn another craft where you actually have a chance
    I cannot pick stocks worth a crap. All my index and mutual funds are doing great while my picks have been disastrous.

    What are you back testing though? Could be flawed especially if ur just looking at the last couple of years

  6. #6
    ikid2groove415
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    If stocks is was that easy- we would all just stay home and have the experts invest for us!!

  7. #7
    jjgold
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    market will eat you alive unless you buy and hold 10+ years

    Most like sports lose day or swing trading

  8. #8
    magaman
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    you can do technical analysis to make money on stocks

  9. #9
    ChuckyTheGoat
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    Quote Originally Posted by Rich Boy View Post
    I've been at this game for over 10 years now and I can tell you what you guys probably already know, its hard as hell to make a profit against the books. Lines have become increasingly efficient and any edges are sniffed out and quickly eliminated, even in smaller markets which I have specialized in for years. This has forced me to look elsewhere to look for positive EV opportunities.

    I suggest trading stocks, not just any stocks, but stocks that are primarily traded by humans where edges are easier to find. I've back-tested several strategies against small cap (under 500 mil) NASDAQs and have found great edges (10% or more) consistently and my tracking of trades over the past 5 months have produced similar results.

    I still love the action of a sports game but the high quality opportunities have dried up over the years and I expect it to get worse.

    If any of you guys are fed up with sports and books in general, learn another craft where you actually have a chance
    This is a pretty good post. Gd Luck, RBoy.

  10. #10
    Rich Boy
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    Quote Originally Posted by dlowilly View Post
    I cannot pick stocks worth a crap. All my index and mutual funds are doing great while my picks have been disastrous.

    What are you back testing though? Could be flawed especially if ur just looking at the last couple of years
    Have specifically back tested strategies using technical analysis on low float, low market cap stocks which are primarily traded by humans (not HFTs or algos) which obviously result in human error and emotion during times of volatility. Strategy basically has a contrarian approach to the stock, simply put - buy into weakness and sell (or short) into strength. Buying oversold stocks looking for a quick bounce and shorting over-extended stocks looking for a quick correction. With 10% profit targets and 10% stop losses this strategy produces winners around 60% of the time. And these trades are within seconds to minutes.

    So that's basically getting -110 odds (including commissions and slippage) on a 60% bet instead of the standard 50% the books give you.

  11. #11
    nyplayer33
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    Good luck in stocks. 5 months is not enough time for anything. Agree with post in the thread..easier said then done.

  12. #12
    lakerboy
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    💯% true on the sports market. It's impossible. Lines are razor sharp. Hardly any real opportunities and when they do come the books adjust to those as well making them unplayable.

  13. #13
    Harry N. Lloyd
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    Quote Originally Posted by jjgold View Post
    market will eat you alive unless you buy and hold 10+ years

    Most like sports lose day or swing trading
    Once again, know-it-all JJ Gold contradicts an OP's observation.

    What kind of an idiot doesn't think that the stock market is the sure-fire way to become wealthier? From 1950 to present the average rate of return in the market is around 9% per annum.

    Any idiot who bets sports knows that it's damn near a miracle to turn any kind of profit. The vast majority of bettors lose.

    Guys, listen to the Warren Buffet's of the world, not the JJ Gold's. Put your money in an index fund--all boats go up in a rising tide. Don't try to guess which one goes higher.

    Bet on an index fund that has a bright future whether or not the market rises or not--ie, Defense stock index, Robotic stock index, AI stock index.

  14. #14
    jjgold
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    I love people That think technical analysis works do you realize if you flip a coin you’ll get technical analysis off the chart also, people Know little

    There are no expert’s in the stock market all those guys are our financial salesman with Harvard degrees they make their money off people’s commissions not their own trades, awesome most hedge funds go broke and people think they’re experts


    Everybody just says it’s easy doesn’t even invest in the stock market, most stockbrokers don’t put a time of their own money and is it trades just like touts


    Everything works when it’s not your own money and it’s fantasy

  15. #15
    pilebuck13
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    Stock experts money managers= touts with degrees...same game different arena.
    Everyone trying to find a edge to get rich hit the lotttery only way.

  16. #16
    jjgold
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    Quote Originally Posted by pilebuck13 View Post
    Stock experts money managers= touts with degrees...same game different arena.
    Everyone trying to find a edge to get rich hit the lotttery only way.
    of course

    I shut up every broker when I ask him for a screen shot of his stock trades, they all hang up

    Bull Markets of course easy to pick winners but eventually you get caught

    Long term smart investing has made tons of people wealthy maybe with mild risk mixed n

  17. #17
    BigBusiness
    Drug dealin money
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    Quote Originally Posted by Harry N. Lloyd View Post
    Once again, know-it-all JJ Gold contradicts an OP's observation.
    Guys, listen to the Warren Buffet's of the world, not the JJ Gold's.

  18. #18
    MRivera42
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    sportsbetting is difficult stocks are where it's at now

  19. #19
    jjgold
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    A lot of clowns

    Stocks only good long term

    Anything else you will lose your house

  20. #20
    Rich Boy
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    Never said stocks are easy and Im far from an expert with only a year or two of experience. But why waste your time with sports and books. At least with stocks you have a chance.

  21. #21
    packerd_00
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    Quote Originally Posted by jjgold View Post
    market will eat you alive unless you buy and hold 10+ years

    Most like sports lose day or swing trading
    This is very true,gotta be very patient if you want to get anywhere with stocks.

  22. #22
    TeddyB
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    I used to be a day trader, lost all my money. Can't wait to get back into it again when I have a lot, and watch Squak Box again.

  23. #23
    jjgold
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    I fuk around with small account and mainly trade verticals and calendar future contracts which do not require much buying power

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