|
PureBytes Links
Trading Reference Links
|
Randy Harmelink writes:
> If the success rate is 70%, it's true that there is about a 99% chance of
> having 4 losing trades in a row.
Wouldn't that be (0.30)^4? Or did you mean a 99% chance of NOT having 4
losers in a row (which is 1 - (0.30^4))
> However, once you've already had 3 losing trades, the chance of the
> next trade being a success is still only 70%.
Right.
|