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Here is a little puzzle that may stymie many a professional trader. Sup- pose a certain stock exhibits a true (geometric) random walk, by which I mean there is a 50–50 chance that the stock is going up 1 percent or down 1 percent every minute. If you buy this stock, are you most likely—in the long run and ignoring financing costs—to make money, lose money, or be flat? I am interested to see what you guys think the answer is?
I have been doing a lot more trading stuff then poker of late and it made me think about this article I wrote a while ago. I hate to cross post but I think this article shows how similar trading and poker are. Enjoy Trading and Poker
An interesting interview: YouTube Video
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