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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