Gambler's fallacy
In German: Spielerfehlschluss
The belief that after a series of losses a win is "due" (or the reverse). Independent events have no memory: five losing trades in a row do not make the sixth more likely to win.
In German: Spielerfehlschluss
The belief that after a series of losses a win is "due" (or the reverse). Independent events have no memory: five losing trades in a row do not make the sixth more likely to win.