Gambler's fallacy: do you fall for it?

"I've lost five in a row, so the next one must win" — the gambler's fallacy treats independent events as balancing. Markets don't balance; they just continue.

Where do you see it?

• how the fallacy shows up in your thinking
• the streak that tempted you into it
• the statistical truth that cures it

The drawdown guide explains streak statistics properly.