Winning

Winning

Wednesday, January 13, 2016

Well, you didn't win Powerball...

But that came as no suprise. You had a better chance at getting hit by green lightning while drowning. Instead, you are going to have to take control of your own destiny by active investing and not just giving your money to a mutual fund manager that will be able to barely beat the benchmark S&P by the end of the year.
Heads up, the Asian Markets are really down overnight and we could be in for a rout tomorrow. I already purchased puts at the end of day yesterday and will be looking at the action in the morning.
If at 1030am Central time I still see the Market dropping I may charge on in with a day put to take advantage of the drop. And I will see what other opportunities are available.

I know people who think buying a lottery ticket is a possible ticket to a better life. Imagine a 1% chance at hitting something. That would be getting to roll the dice once with a handful of dice that will produce at random a number from 1 to 100 and in order to win, you have to roll the number 39. You only get one roll to hit the number 39 out of 100 possible combinations that you can roll. 
With the above senario, that is a hard look at the actual odds of having a 1 percent chance at winning something. If I told you there was a 1 percent chance of rain tomorrow, its going to be sunny tomorrow.

A 1 in 4000 chance? .025. That is like taking that 1 percent from the above paragraph and dividing that 1 percent into 100 equal pieces. Now with those 100 equal pieces making up that 1 percent, you take only 2 and a half pieces out of those 100 pieces that make up that 1 percent. 

Now figure 1 in 282 million, which is the odds to win the lotto. It is almost epically mind boggling to configure your chances in hitting that. About your odds of becoming the President of the United States, or having a stampede of Unicorns exit your rear. You could play it almost every day for 600 years and not hit it. That guy who won it in California got hit by a very rare bolt of lightning. 

Me? Ill take the easier way and invest my money and do it Contrarian style. Lets get our mean on.

Tradinginsider

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