Coin flipper

[D70]

What happened to the guy that was flipping a coin to determine buy or sell?
And doubling up after a loss.

Did he do his chops?

 

[ronblack]

Out of the many possible equity curved resulting from flipping a fair coin N times some produce spectacular profits. Try this simulator:

HTSimulation

Source: Fooled by Randomness Through Selection Bias | Price Action Lab Blog

 

[D70]

love the link, thanks.

 

[wackypete2]

Why was ronblack banned?

Peter

 

[rsh01]

The mods previously updated a thread with reasons for banning, I stumbled across it t'other day and was fun reading through all the misdemeanours, shame its not still used.

 

[wackypete2]

What happened to the guy that was flipping a coin to determine buy or sell?
And doubling up after a loss.

Did he do his chops?

Something must have went wrong and he flipped out

Peter

 

[rsh01]

Something must have went wrong and he flipped out

Peter

I heard he was coining it in til that point.

 

[wackypete2]

I heard he was coining it in til that point.

We should have given him a heads up.

Peter

 

[rsh01]

We should have given him a heads up.

Peter

...Before he became flippant, agree.

 

[wackypete2]

I guess he ran away with his tail between his legs.

Peter

 

[rsh01]

Did he make a mint? Unlikely.

 

[wackypete2]

I don't think so. He was trying to play both sides of the coin. He has a 50% win ratio but that was only 1/2 of the story. Maybe he was a vendor incognito. He would have tried to nickle and dime us to death.

Peter

 

[rsh01]

Maybe he just needed to make 'small change' to his strategy.

Flipping hell, running out of puns.

 

[wackypete2]

Maybe he just needed to make 'small change' to his strategy.

Flipping hell, running out of puns.

Yeah, I'm all tapped out.

Peter

 

[rsh01]

You win, couldn't give a toss anymore