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A comment on Don't Steal Money from Day Traders Before They Lose It. Parent comment

Re:Don't Steal Money from Day Traders Before They Lose It by pbhjpbhj on Friday September 07, 2018 @06:21AM (#17933137)
If it's a fair coin you can make money off it, and convince yourself you can predict the "market" "because the coin is biased" ... but it's just 'luck' (ie statistical anomaly).
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Re:Don't Steal Money from Day Traders Before They Lose It by HeadsUpHigh on Friday September 07, 2018 @07:49AM (#17933511)
It evens out in the long run so this doesn't apply to this person's trading.
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Re:Don't Steal Money from Day Traders Before They Lose It by pbhjpbhj on Friday September 07, 2018 @09:05AM (#17933906)
I think that's a statistical misunderstanding. It's likely to even out; across a population it will even out. An individual however can get "more heads than tails" by chance.
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