Disliked{quote} What you are describing, and whoat @OutThere is talking about, is called "The Gambler's Fallacy". The Gambler assumes that, for example, if there is a long series of Reds, the probability of Blacks goes up. And that's the fallcy! Because each event is a seperate one, independent of the previous one, the probability is always the same And with price fluctuations, there really is no way calculate probability. However, if you know who Jim Simons is, he and his team had managed to create a very powerful algorithm and actually beat the S&P500...Ignored
And as you say, when you toss a coin the result is totally free of all former tosses. My math teacher on the univercity were very clear about this.
Read post #1 !! Then read it again 10 more times before you ask.
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