Here's an interesting paradox.
Casinos make consistent profits day after day and year after year, facilitating an event that has a purely random outcome.
At the same time, most traders believe that the outcome of the market's behavior is not random, yet can't seem to produce consistent profits.
Shouldn't a consistent, nonrandom outcome produce consistent results, and a random outcome produce inconsistent results?
Source - Trading in the Zone/Fisher p.102
Casinos make consistent profits day after day and year after year, facilitating an event that has a purely random outcome.
At the same time, most traders believe that the outcome of the market's behavior is not random, yet can't seem to produce consistent profits.
Shouldn't a consistent, nonrandom outcome produce consistent results, and a random outcome produce inconsistent results?
Source - Trading in the Zone/Fisher p.102
No comments:
Post a Comment