The critical ingredient is a maverick mind. Focus on trading vehicles, strategies and time horizons that suit your personality. In a nutshell, it all comes down to: Do your own thing (independence); and do the right thing (discipline). -- Gil Blake
Friday, November 11, 2005
Random Markets?
Check out the Coin Toss Simulation - Visualizing Randomness from this link. Enter an amount in the Number of coin tosses box and press the "Simulate" button. Go ahead...enter 500000. Hmmm....
Very interesting. Especially when entering a large, say 100,000 and then running the simulation multiple times. One would expect that over 100,000 tosses the end result will be around the 0 but that's not quite the case..
2 comments:
Very interesting. Especially when entering a large, say 100,000 and then running the simulation multiple times. One would expect that over 100,000 tosses the end result will be around the 0 but that's not quite the case..
yes, gives a great reality check on what we're up against in the market.
MT
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