The Casino Paradigm

This webinar is based on Richard Weissman's acclaimed book, Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House.

Like casinos, successful speculators develop methodologies that enable them to skew probability in their favor while simultaneously adhering to stringent risk management criteria irrespective of winning or losing streaks.

The webinar defines the casino paradigm's three basic components:

  • The development and implementation of positive expectancy trading models
  • Price risk management techniques
  • Trader discipline

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Presenter: Richard Weissman, Author and Educator

Bio: Richard Weissman is a professional trader with over twenty years of experience. He has provided private consultations and training to traders and risk managers for over fifteen years. Weissman currently serves as a Senior Associate with the Energy Management Institute (, where he teaches trading and risk courses co-sponsored by CME Group and IntercontinentalExchange. He is also Editor-in-Chief of Weissman Signals Inc. (, a newsletter covering the ETF, futures, and cash foreign exchange markets. Weissman's first book, Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis, was published by John Wiley & Sons in 2004. His second book, Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House (Wiley, 2011), was selected as a Finalist for the Technical Analyst 2012 Book of the Year Award.




Trading and investment carry a high level of risk, and CQG, Inc. does not make any recommendations for buying or selling any financial instruments. We offer educational information on ways to use our sophisticated CQG trading tools, but it is up to our customers and other readers to make their own trading and investment decisions or to consult with a registered investment advisor. The opinions expressed here are solely those of the author and do not reflect the opinions of CQG, Inc. or its affiliates.