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Bayes Theorem might be right but his wording is wrong. The odds never change just the
questions, the wording and the number of possibilities. Ira
Anthony G Purkis wrote:
> Ira wrote:
> >
> > Your assumption is basically wrong. If you knew which were the bad trades why
> > enter them to begin with. In cards and other games of chance the odds are always
> > the same. So you can vary your bet size only if you can change the probability of
> > success. This can be done in all games of chance and the markets. You can never
> > change the odds.
> >
> How about Bayes Theorem? You can improve the odds after a wrong decision
> by discarding your second choice. Regards.
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