Trading systematically involves basic statistics and probabilities. If you don't know the answers to 6 basic questions, it's only a matter of time before you blow out your account or lose your emotional mind.
@Blazen1212 Hi Blazen, I don't argue your point that the marble you pulled last time has no effect on the marble you'll pull this time,but the point he's trying to make doesn't require atomic clock accuracy.He doesn't claim no bias.The bias is a 70% profitable claim for the system.If I were to quibble with his math, I'd notice that 1/3 is not the same as 30%,and you can't take 30% of,or divide 74 by, 3, and come up with any # of whole marbles.
@howlerbike Then the math is still wrong. You must put the marble back in the bag or your sample becomes biased as your number of observations increase. For this guy to be making the point he was trying to make all observations must remain truely unbiased which they are not. So as Zvuk said... his math is wrong.
The probability of having a winner or loser is still the same reguardless of the previous trade. What you just explained is called the gamblers fallicy. I understand the point you were making but your math is wrong.
Hi hi! Have you ever tried the British Box Breakout (search on google)? Ive heard some unbelivable things about it and my mate made insane amounts of pips.
michel thank you very much. the parameters for a good trading system are very valuable. Its something like If want to understand the world we have to understand ourself first. Journey begins with us. Millions of hard earned money is lost by gulliable so called traders. hope that the seek your expert advice.thanx again for sharing you learning
These videos rock. Trading is all about finding a system that you can mentally and psychologically follow without hesitation,,without greed and without fear.
It's all about discipline and rarely about how one selects trades.
Hi zvuk, You'd be right, if his kids put the marble back in the bag after assessing it's color so the # of marbles was infinite. but that's not what he's saying.There's a total of 74.
@Blazen1212 Hi Blazen, I don't argue your point that the marble you pulled last time has no effect on the marble you'll pull this time,but the point he's trying to make doesn't require atomic clock accuracy.He doesn't claim no bias.The bias is a 70% profitable claim for the system.If I were to quibble with his math, I'd notice that 1/3 is not the same as 30%,and you can't take 30% of,or divide 74 by, 3, and come up with any # of whole marbles.
howlerbike 2 months ago
@howlerbike Then the math is still wrong. You must put the marble back in the bag or your sample becomes biased as your number of observations increase. For this guy to be making the point he was trying to make all observations must remain truely unbiased which they are not. So as Zvuk said... his math is wrong.
Blazen1212 2 months ago
The probability of having a winner or loser is still the same reguardless of the previous trade. What you just explained is called the gamblers fallicy. I understand the point you were making but your math is wrong.
Blazen1212 2 months ago
Hi hi! Have you ever tried the British Box Breakout (search on google)? Ive heard some unbelivable things about it and my mate made insane amounts of pips.
mina1414 3 months ago
michel thank you very much. the parameters for a good trading system are very valuable. Its something like If want to understand the world we have to understand ourself first. Journey begins with us. Millions of hard earned money is lost by gulliable so called traders. hope that the seek your expert advice.thanx again for sharing you learning
TheAloksingh77 3 months ago
These videos rock. Trading is all about finding a system that you can mentally and psychologically follow without hesitation,,without greed and without fear.
It's all about discipline and rarely about how one selects trades.
RudyMvp 4 months ago
Hi zvuk, You'd be right, if his kids put the marble back in the bag after assessing it's color so the # of marbles was infinite. but that's not what he's saying.There's a total of 74.
howlerbike 5 months ago
your mathematics is wrong, you cant expect the marble to be nonwhite if you pull up many whites in a row. The propability is still the same
zvuk 6 months ago
This is the best F*CKN trading video on Youtube period! Great job Michael!
MarketMinuteTV 7 months ago
good vid man
figgoagogo 11 months ago