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Strategies & Market Trends : The Great Coin Toss Experiment II -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (175)	6/15/2003 9:13:43 AM
From: Sojourner Smith	Read Replies (2) \| Respond to of 188

shazam.econ.ubc.ca I ran my own coin-toss experiment. Using money management on a starting account of $100,000, I made $53,000 in 5000 flips. The starting risk in my system was 12 picks of the same in a row would bust the account. They say each coin-flip is independent of the other. However, I would think, since flipping a coin is 50/50, that it would be very rare if not impossible to get very many in row. If one gets 12 in a row, the other side would have to get 12 in a row fairly quickly. Seems like a paradox to me.