Thanks for the great post. It reminded me of the only good strategy to use playing roulette in a casino.
Walk in with your entire sum of money and put it on red or black. And whether you double your money or lose it all on that one bet, walk away and never go back. That single chance is the best odds you'll ever get, it's downhill after that.
It just reminded me of people who trade without knowing the statistical probability of what they're doing :-)