Simple Profitable Method - Take 2

Discussion in 'Technical Analysis' started by jimns, Apr 30, 2007.

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  1. GTS

    GTS

    No, they are not linked - that is the gamblers fallacy.

    You can't say that its is unlikely that the run will continue yet the odds on the next toss are 50/50 - that is an obvious contradiction.

    You are confusing the odds of throwing 20 heads in a row (very unlikely) with the odds of throwing a single head after already having thrown 20 heads in a row (which is still 50/50).

    Free your mind.
     
    #151     May 23, 2007
  2. JSSPMK

    JSSPMK

    Well Bill Effing Gates never graduated nor did many others, some did pretty bad at school, you trying to tell me I need to be an academic or what? It was a comparison mate, nothing more.
     
    #152     May 23, 2007
  3. Allaces

    Allaces

    Well gee all you need to do now is come up with the next great operating system and the billions are yours :p
     
    #153     May 23, 2007
  4. JSSPMK

    JSSPMK

    No need, I am one of the few that managed to work out how to use SPM without having to take every single 0 line cross LOL
     
    #154     May 23, 2007
  5. JSSPMK

    JSSPMK

    It's how I understand it, that's all.
     
    #155     May 23, 2007
  6. Allaces

    Allaces

    yes with your understanding of probability there is nothing to stop you :p
     
    #156     May 23, 2007
  7. JSSPMK

    JSSPMK

    Back at ya - you sure understand probability taking every single 0 line cross LOL, you are bound to get a winning trade eventually, right? How did you establish this exactly? And what happens when you get a run of 10 losing trades?
     
    #157     May 23, 2007
  8. Allaces

    Allaces

    Do you know what a zero line cross means? When the MACD crosses it's MA to the upside it means the trend is bullish, when it crosses the zero line it means momentum for that trend has shifted to bullish.. every ZLC should be taken because to pick and choose after 2 or 3 failures is ludicrous and misses many of the best trades.. wake up.. you are not losing at BJ now
     
    #158     May 23, 2007
  9. JSSPMK

    JSSPMK

    One thing for sure, you Sir have a lot more losing trades, no matter how small, throw in commissions on real size if you ever get there, it's not the quantity, but quality that matters most. Stop being so petty.
     
    #159     May 23, 2007
  10. Allaces

    Allaces

    Nope, you just lose out on winners with your ridiculous probability theory that everyone laughs at

    Bottom line: you didn't make money gambling, you don't make money trading.. what the hell are you doing arguing with successful traders when you don't even understand mathematics.. it's embarrassing
     
    #160     May 23, 2007
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