My gone thoughts

A lottery is a popular form of gambling which involves the drawing of lots for a prize. Some governments outlaw it, while others endorse it to the extent of organizing a national lottery. It is common to find some degree of regulation of lottery by governments.

At the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in many countries, including the U.S.A. and most of Europe. This remained so until after World War II. In the 1960s casinos and lotteries began to appear throughout the world as a means to raise revenue in addition to taxes.

Lotteries are most often run by governments or local states and are sometimes described as a regressive tax, since those most likely to buy tickets will typically be the less affluent members of a society. The astronomically high odds against winning the larger prizes have also led to the epithets of a “tax on stupidity”, “math tax” or “voluntary tax”.


Article source

When trading goes forthwith, it can be a great feeling. When trading goes wrong it can be a nightmare. Fortunes are made in a matter of weeks and lost in a condition of minutes. This pattern repeats itself as each new generation of traders hit the market. They hurl themselves out of the night like insane insects against some kind of karmic bug-light; all thought and all existence extinguished in one final cosmic “zzzzzzt”. Obviously, for a dealer to be successful he must acknowledge this pattern and then break it. This can be accomplished by asking the right questions and finding the correct answers by wise observation and logical conclusion.

This article will attempt to address one question:

“What is the difference between a sweet trader and a losing trader?”

What follows are eleven observations and conclusions that I use in my own trading to help keep me on the right oversee. You can put these ideas into table form, and use them as a template to determine the probability of a trader being successful.

Article source: http://gurudor.com/finance/currency-trading/aiming-for-the-right-target-in-trading-by-walter-t.-downs.html