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Wrong. It is negative sum. Commissions go to Swiss bank accounts. I guess no poor guy would offer you a job right? I then propose 0% tax rate for wealthy people just for employing others and feeding their babies. The more wealthy people a country has that are taxed at a 0% rate, the...

Dollar was hit hard by American themselves.

Why did you start another thread on the same subject? http://www.elitetrader.com/vb/showthread.php?threadid=231723 That was a stupid article by the way. No central bank can be cash strained. The Europeans are exporting their problems to the US with this deal. Americans will pay the bill...

It seems that the FED has made ianagreement to bail out the European banks because Germany doesn't want to print money. Essentially that means that the US taxpayer will bail out European banks with higher energy and commodity prices because the dollar will drop. They may claim that this...

You don't understand what you read. You need to take a graduate course in probability to talk about these things. You also must find reputable sources like a standard text. The subject of the classical definition is controversial. of course, you have no clue about that.

No, you just failed the course on probability. probability can be defined in 4 different ways. You are talking about the Classical definition which is known to be problematic because: 1. I requires all oucomes are equally likely 2. It does not apply to infinite outcomes unless a measure of...

Cranks don't understand that p and q for trading systems are only determined after the fact, they are not constant, they can vary significantly and that these formulas they derive from such cranky constancy assumtpions hold only in the case of coin flips and related games, where the bias does...

You are using very credible sources, like RT... Your European friends will have to do the same or face chaos... Actually, Bernanke didn't do enough. I know some Marxists would like to see the US collapse but that won't happen as long as the FED exercises its money monopoly.

Zero probability means that the event is not part of the probability space and probability 1 means the event is certain, i.e. it is like it has happened already. So maybe you want to say something else like for instance that people do not always know the probability space and they cannot...

It is known that like animals of certain kinds, cranks also tend to flock. Nobody owes to you any answers, cranks, for your stupid questions. There is no time to answer stupid questions. If you don't comply with basic logic there is no point in talking to you. I am asking you again...

He did not for sure. I agree with you on many of your points, maybe not all but the general idea you have is correct. Basically, for q > p he proved that the failure probability of reaching a target bankroll T is 1, i.e. the certain event, if T is equal to infinity. Who cares? This is...

If you know all these things then why are you asking? When you are optimizing forget about significance and number of trades. It is selection bias you should worry about. Increasing the number of observations of models with selection bias does nothing to reduce the selection bias. or...

Well done. Add the fourth possibility with P =1 4. Kut2k2bunka is an idiot and a crank who divides inf by inf and gets 1.

No, sorry to say that. You are making many assumptions. Higher number of trades does not directly equate to higher significance. Buy and hold has one trade with significance 100%. As soon as you vary some parameter to maximize some objective function your system is subjet to selection bias...

If people save, then a lot of excess capital is created that causes imbalances, pushes down interest rates and creates bubbles. People should enjhoy life, spend a lot and just save for what they absolutely need. Saving made sense when currencies were tied to a commodity. Now saving does not...

I think you did not understand what you read. The only difference in the link I gave you between ruin and a high return was the starting capital. The expectancy was the same. When are you going to get these facts straight people? Example: fair coin toss. You make $2 with heads and lose $1...

Visaria, it doesn't have to be an infinite time. It depends on the path and how fast that makes the probability of ruin converge to 1. For some systems and markets, it may take only 1 year. It also depends on commissions. I found this example in the price action lab blog. It worths reading it...

Charts represent mere illusions.

Obviously I wanted to say that p is the probability for the event not occurring. Regardless, if (1-p) is the probability ruin does not occur, (1-p) ^n --> 0 as n --> inf, for (1-p) < 1 Then, the probability of the event occurring goes to 1. Ruin is certain as time grows large and this is a...

I use it as a backup clone.