103: Dave Bergstrom – Escaping Randomness, and Turning to Data for an Edge
Chat With Traders
00:00
The Law of Large Numbers
I really try to avoid excitement in my trading. I think trading should be boring. And I want the expectation to play itself out over the thousand coin flips as opposed to having, you know, 10 coin flips and you decide you want to bet your whole lot on the eighth flip. So that of course leads us into the third law that you trade by. And that is the law of large numbers.
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