Probability of loosing 5-trade streak
Find probability of experiencing exactly a 5-trade losing streak and the probability of experiencing at least a 5-trade losing streak, assuming each trade is independent of the others and every trade is independlt of eachother
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Questions at this level should come with a fair bounty.
over a stream of infinite trades? fixed number of trades?
No over a fixed number of trades (e.g., 500 trades). I thought I knew the answer but Internet has very contradictory answers. If you consult Chat-GTP or Gemini ... also different answers.... Anoying!