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Many people who aren’t familiar with quantitative finance, or trading more generally, conflate the idea of decision making under uncertainty with pure games of chance / true gambling. I think the intuitive and important distinction to make is that when you gamble, the decisions you make cannot create an edge; there’s no optimal pick in roulette. However, in trading, although it’s impossible to eliminate randomness, and you still make decisions with uncertain outcomes, it is possible to gain an e

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