4 ms·
If markets were truly random, I'd expect (approaching) 100% of day traders to lose money (or gain 0), because the expected value is 0. It's like betting on a co
by starpilot 6y ago
If markets were truly random, I'd expect (approaching) 100% of day traders to lose money (or gain 0), because the expected value is 0. It's like betting on a coin flip. Since we're at 90%, it's pretty close.
- bugzz 6y agoHuh? Doesn't your argument also mean that you'd expect nearly 100% to make money, or lose 0?