Trading Systems

[ShaunWhite]

Bad luck is something that strikes occasionally, like lightning.

Occassionally? ...about 100 lightning bolts strike the Earth's surface every second. That's about 8 million per day or 3 billion each year. That makes it lucky we're not hit, rather than unlucky when we are imo.

But I'm not a believer in "luck" actually, either good or bad, only probablities. If you believe in 'luck' then the next step is believing in 'fate' and at that point you might as well give up on the statistics and buy yourself a rabbit's foot. The problem is that it's a word thats so pervasive in our language and culture, just try getting through a day without using the word, it's difficult.

webcash, what was the probability that your strategy would fail 9 consecutive times? A couple of years ago we had a run of I think 29 losing favourites on the horses, these things happen. Lots of people stop using otherwise winning strategies because they have a bad start, there's even a YT vid by Peter on the subject. What you need to do before embarking on any strategy is to understand the liklihood of these events occuring, and then set your parameters for failure or success based on probabilities rather than guessing. You might then decide that when you hit a situation that has a liklihood of say 1 or ½% then it's time to move on.

[ShaunWhite]

Not sure if you're aware of this but every time you use that S word somewhere in the world a British person dies.

[Derek27]

Bad luck is something that strikes occasionally, like lightning.

Occassionally? ...about 100 lightning bolts strike the Earth's surface every second. That's about 8 million per day or 3 billion each year. That makes it lucky we're not hit, rather than unlucky when we are imo.

Divide that by the surface area of the earth into the amount of area that you occupy at any one time.

[ShaunWhite]

Divide that by the surface area of the earth into the amount of area that you occupy at any one time.

I was sort of kidding as you know but it's a fair point, 3 billion strikes * 80 years / 510 Trillion sqm gives you a fighting chance of missing one.

Maybe your fact should go on the next WeightWatchers poster? Reducing your chance of being hit by lightening would definately be an attention grabber, especially when running away from storms is out.

[sa7med]

Divide that by the surface area of the earth into the amount of area that you occupy at any one time.

I was sort of kidding as you know but it's a fair point, 3 billion strikes * 80 years / 510 Trillion sqm gives you a fighting chance of missing one.

Maybe your fact should go on the next WeightWatchers poster? Reducing your chance of being hit by lightening would definately be an attention grabber, especially when running away from storms is out.

webcash is this you?

https://en.wikipedia.org/wiki/Roy_Sullivan

now that's unlucky!!

[Danish Bettor]

soccer

Not sure if you're aware of this but every time you use that S word somewhere in the world a British person dies. Maybe your luck would turn if you searched for a football strategy instead.