Luck or skill: coin flips, fund managers and convincing charts
See how many lucky long records pure chance produces, and why a chart made of coin flips still shows trends.
Module 2 of 26, Why prices move, and why beating the market is hard. Lesson 5 of 6, about 16 minutes.
The takeaway
Many winning track records could be chance alone. Real skill requires a rule written first, many trades, costs counted, benchmarking, and testing on data you never saw before.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
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General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.
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