Re: How many times have you gone against majority

How many times have you gone against the crowd and smiled to the bank

I have gone against the crowd so many times but I seldom smiled to the bank for doing so, there is a high risk if you continue doing this, you'll going to do this only if you have a lot of funds to spare, if you don't have, you are going to lose a lot.
the temptation is always there and if it is well calculated and you are sure, then try your luck it could be your lucky day.

Going against the crowd or, in other words, betting on something that is very unlikely to happen, has nothing to do with the amount of money someone can afford to lose. In many cases people lose more when they go with the crowd, because the payout of such bets is small, and in order to win $10 you have to wager over $50, and in the case of bad luck you lose your $50. While if someone aiming to win $10 going against the majority, he/she can risk something around $2, and either lose it or win $10 in case of good luck.

I think going against crowd is not a big deal if you have a good observation of the scenario on which you are going to put a bet. But if the case is opposite and you dont know anything about the case and just by believing on your luck, you make a bet, I think that would be a big mistake from your side because sometimes there are things that are cocksure that they will happen and without thinking and putting bet can never change those things.

There's a movie about that, the movie name is "The Big Short", But it is not about gambling it's about going against the crowd(in Trading) it is a real life story that they short one of the most stable stock in that time, And yes, they win! they go against the crowd and many people are laughing about what they are doing but in the end they win. When it comes to gambling you can go against the crowd and just prove them wrong when you win that game!
I go against the crowd many times but I am always losing haha, But yeah, as long as it's fun it's all good for me