OC, California, USA
Quantoholic
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709
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Wow, even when the odds are in your favor, you can still suffer serious drawdown, just look at the state of Pennsylvania's lottery. They had a recent payout 1573% of sales that they took in because the winning numbers were 7-7-7-7, a popular set of number to pick.
7-7-7-7 costs Pa. Lottery bigtime | Philadelphia Inquirer | 04/01/2010
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