Trading System Ebook Name

Quote from MGJ:

FYI, Kaufman's book was written in 1978. It is now on the 4th edition but isn't dramatically different from the 29 year old original. Here's a little gem that Kaufman hasn't changed one little bit since the first edition; it can be found on page 133 of the C-2005 4th edition:It sounds as though Kaufman believes the dice have memory.


So, this was posted a long time ago. It would be more correct if Kaufman used the Law of Large numbers to describe this rather than the Theory of Runs. I think he should have qualified that statement with, "over many trades". Without mentioning any of that, it's another example of gambler's fallacy.
 
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