Quote from traderNik:
Wait a minute... I don't have a dog in this fight, but is this made up or real? Did someone here actually say that there is less of a chance that red shows up the 4th time after showing up 3 times?
EQ, do you have any proof that the person who said this is Cy_M?
Yes TraderNik, Cy_M dropped that clanger amonst many more, yet claiming a scientific approach. You see, he has been caught out for the salivating dog that he is and now, well, he doesn't like it.
In this thread he tries to remind TheRumpledOne that he is Mk... (meaning Mktrend his alias on TS's forum before he was banned for misbehaviour). Funny thing is that he and TheRumpledOne had a go at each other for quite a while, so what does he think that they are friends now? This thread here:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=75474&perpage=6&highlight=tro&pagenumber=14
Someone else on the broker review section for TS identified this joker as Mktrend.
I have received PMs identifying him as Mktrend from TS.
One of his rants on the broker section goes on about supposed array deficiencies in TS, on the TS forums he started a thread about this.
In his infamous 5% TS thread he dropped some of these clangers:
https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=37702&Page=5&txtExactMatch=
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Originally posted by mktrend (aka Cy_M)
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I play Roulette the following manor:
wait for the even odds or the 2 to 1 ones repeat 3 times then I bet on them. Arn't I then playing roulette statitically and scientifically.
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to which mathemagician correctly replied
"Oh, my. Where to begin... "
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Originally posted by mktrend (aka Cy_M)
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You just need to maintain the data as we do in trading and obviously when red has turned up 3 times consecutively it statistically has less chance of showing up the fourth time and still a lessor chance of 5th consecutive times.
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Originally posted by mktrend (aka Cy_M)
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I still continue to beleive that a 3 times repeat of say the Head is deviating from the 50% random mean and, due the fact that it must return to the 50% mean is the reason that occurence of a tail following 3 heads has more probability than the a Head.
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ROFLMAO
Enjoy, this is fantastic comedy.