Long streaks are, and must be, a matter of extraordinary
luck imposed on great skill.
Stephen Jay Gould
Anyone can theoretically roll 12 sevens in a row.
Bill Gross
Finding the Hot Shot
Humans are natural pattern seekers. One well-known example
is the hot hand in basketball. A player who makes a few baskets in a row
is considered to have a hot hand, which implies that he has a
higher-than-normal chance of sinking his next shot. Research shows that
sports fans, and the athletes themselves, believe in the hot hand
phenomenon.
The Consilient Observer vol 2 no 8
Download the Adobe .pdf report.
This free report is about probability and trading skill. It debunks the
error of betting on trends. Successful traders profit because they
have some consistent advantages allowing them to win more often and with
far larger profits than losers.
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