10/29/03 N = 24 X = $1075 Sum(P) = $56 Stock market to the middle class is lottery to the underclass.
10/30/03 N = 24 X = $1075 Sum(P) = $55 Stock market to the middle class is lottery to the underclass.
10/31/03 N = 24 X = $1075 Sum(P) = $51 Stock market to the middle class is lottery to the underclass.
That is pretty interesting. So what you are saying is that lower class likens the stock market to a lottery drawing (i.e. gambling) while the savvy upper and middle classes know better? Pretty funny, 'no greed just looking for 100% gain. Sounds pretty greedy to me...hehehe that algorithm seems a little primitive....it only sells when there's a profit,....but how about when there is a loss? lol
I thought I should probably modify your calculation N = 24 X = $1075 Sum(P) = $45 - 24x$5 = -$75 You forgot to include commissions....hehehe
I am quoting "stock market to the middle class is lottery to the underclass" from either Liar's Poker or FIASCO. I am not smart enough to come up with something like that. You don't sell your lottery ticket when the first number is drawn and it happens to appear on your ticket; you wait until the end, and it's either all or nothing. 100% is not greedy. If I am greedy, I'll be looking for the next NTES and a 6000% profit.
Fortunately, commision is $1 and included in the calculation. Answered this many times before. Another lazy guy caught red-handed.