New article: Fallacies, Part 2. Statistics Is a Pseudo-Science, or a Chronicle of Nosediving Bread And Butter
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New article Fallacies, Part 2. Statistics Is a Pseudo-Science, or a Chronicle of Nosediving Bread And Butter is published:
Numerous attempts to apply statistical methods to the objective reality, i.e. to financial rows, cannot overcome the nonstationarity of processes, "wide tail" of accompanying probability distributions and insufficient volume of financial data.
In this publication I will try to refer not to financial raws as they are, but to their subjective presentation - in this case to the way a trader tries to apply these raws, i.e. to a trading system. Revelation of statistical regularities of a process describing trading results is a rather interesting task. In some cases quite true conclusions about the mode of this process can be made and these conclusions can be applied to a trading system.
Author: Sceptic Philozoff