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> There are also the rare individuals who have some method that has been shown to work and they follow it with great discipline. People like this can win at ro
by derleth 13y ago
> There are also the rare individuals who have some method that has been shown to work and they follow it with great discipline.
People like this can win at roulette, too.
(Well, for a while.)
- gjmulhol 13y agoThere are a few traders in history that beat the market in a statistically significant way for basically their entire career. It is a small number <20, but they exist. The issue is that everyone thinks "I can do that". Most people can't.
- bradleyjg 13y agoYou'd expect that too. Get enough people flipping coins and a few of them are going to have long streaks of heads. Plus once you've had a record of success opportunities come your way that aren't generally available. You try and buy GS preferred stock with a 10% dividend and warrants on top and see how far you get.
- zero_intp 13y agoone of the best ways to evidence a falsified data set on coin flips is to determine if long enough streaks are not present.
- gabemart 13y ago>There are a few traders in history that beat the market in a statistically significant way for basically their entire career. Given the vast number of market players, what counts as "statistically significant"? A probability of seeing results at least as good as theirs by chance of 1 in 20? 1 in 100? 1 in 1000? 1 in 10,000?