What is a coin flip theory? When You flip a coin You know that there is only two possibilities - heads or tails. You have 50% chance that You will get it right. When You flip the coin 100 times You should get the same ratio or very close to that. You still know that you have 50% chance of being right. What You don't know is the sequence of the results. It won't be necessarily one time heads and one time tails. This is the important part of this theory that can be paralleled to trading. It is e…
Community Blog
More than anything, we’re crowd followers
I was reading an interesting article on what researchers are learning from big data on how shoppers behave. Buying and selling in financial markets isn’t much different from the grocery store in many ways so there are plenty of lessons to take away. This one, in particular, was striking. Many generic drugs are identical to name-brand medicine so it’s a great place to study why consumers prefer one over the other. The main theory was that people didn’t understand that Aspirin is just acetylsalic…
What makes people happy?
I found a key to happiness and I would like to share it with you. Ok. Ok. Not really, but I wish I could!!!! I did, however, came across an interesting study that’s worth sharing. Here it is: People’s personalities generally fall into two traits or theories: extraverts and introverts. Extraverts tend to have outgoing, talkative, energetic behavior and tend to thrive off of interaction with other people. Introverts, on the other hand, tend to have more reserved and solitary behavior and prefer s…