Dumb traders make as much money as smart ones

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

10/10 Zenyatta, when you ask people to pick a seqeunce of random events they inevitable get it wrong. You can subtly influence their choice as well depending on how you ask them. You see exactly the same thing in the market. People assign weight to a trade that they really shouldn't, they see a pattern that just doesn't exist.
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