Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Thereafter, Thorp shifted his sights to 'the biggest casino in the world' Wall Street. Nonetheless, gambling was forever changed. They barred him from their premises, even put his life in jeopardy. His remarkable success-and mathematically unassailable method-caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. As a result he launched a gambling renaissance.

Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. Other disclosure statements are required to be provided to you before a commodity account may be opened for you.The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.Ī child of the Great Depression, legendary mathematician Edward O. The CFTC has not passed upon the merits of participating in this trading program nor on the adequacy or accuracy of the disclosure document. Therefore, you should thoroughly review the disclosure document and study it carefully to determine whether such trading is appropriate for you in light of your financial condition. This brief statement cannot disclose all of the risks and other significant aspects of the commodity markets. This document is readily accessible from Red Rock Capital, LLC. The regulations of the Commodity Futures Trading Commission require that prospective clients of a CTA receive a disclosure document at or prior to the time an advisory agreement is delivered and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the Commodity Trading Advisor. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. The use of leverage can lead to large losses as well as gains. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

The risk of loss in trading commodities & futures contracts can be substantial.

Edward thorp on gambling and trading