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Below is a good bit from Mamis on the flexability & freedom of choice that can afford a swing trader.

Interestingly, we play the stock market because, although other games may have close to even odds, in the stock market risk and reward ratios heavily favorable to the player are often available. If/when they are not, the bets can be modest, hedged, or side-stepped. And if the bet turns sour, the bulk of it can be retrieved. (Try that at the track or blackjack table!) And the stock market is capable of huge variation. If we don't like, or are baffled by, today's game, we can come back next week or next month when the picture is different. Also, bets can be placed at any given time, even on a "horse" that has already proven itself far ahead of the field. And whatever the players know can be observed, because the must buy and sell to profit on what they know, so that everyone's cards are always on the table. It's sometimes dull, but never boring; and even when it's dull, we're learning something.

-- Justin Mamis, When to Sell.


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