Desk
Lesson 22 of 22 · 13 min
How to read proof without being sold
A 70% win rate can lose money, a 20-trade record carries a t-statistic of 0.45, and 58 of any 1,000 coin-flippers will produce a publishable one. Selection, not dishonesty, is what stands between you and a track record.
What you will be able to do
After this lesson you can compute the expectancy behind any win rate, state how many samples a claimed edge would need before it separates from noise, and explain why selection makes an honest track record uninformative.
Inside this lesson
- What a proof page is allowed to be
- Win rate is half a statistic
- How many samples would it take?
- The pool you were never shown
- Never screenshot a classroom blotter as a sales card