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If you hold a pair pre-flop, the chances of hitting a set on the flop are relatively good; the probability is 11.7551%, equating to odds of 1:8. Hitting Quads: 4-of-a-kind is one of the strongest hands in Texas Hold’em, and it’s a hand that – despite being very hard to get – probability wise, isn’t actually too hard! After the flop you've seen 4 cards of your suit, and 1 of another suit. This leaves 9 cards of your suit, and 38 of a different suit; your odds of completing your flush on the turn are thus 9/47, or 19.14%. If the turn hasn't completed your flush, your odds of completing it on the river are 9/46, or 19.5%.

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Over the last 26 years as a professional day trader and stock broker I have learned that these are the CRUCIAL ingredients that turn day trading into a consistent money making business rather than a fruitless gambling exercise. Business: Treat day trading like it is a business. When we apply knowledge to the available data for increased productivity/ financial gain, it is not gambling. If we put our money blindly with the hope of a quick gain, it is gambling. Stock Trading is not gambling if it is done with proper analysis and money management. It is gambling if one acts upon only hot tips. What Day Trading Is Not Day trading is not investing. Day traders never hold a position for more than a day. It’s not gambling. One of the biggest knocks on day trading is that it’s just another form. If you use risk capital, day trading’s not dangerous. It’s not easy. Along with the relatively.

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