how do you avoid the gambler s fallacy 
in the area of trading and investing individuals can avoid the gambler s fallacy by letting go of the belief that previous occurrences are representative of future occurrences to do this traders and investors need to use independent research be up to date on all facts figures and strategies track trades and outcomes and ask for feedback the bottom linegambler s fallacy is the mistaken belief that a random event will occur simply because a series of the opposite of that event has taken place it s a fallacy because random and independent events have no bearing on each other and thus cannot influence a future outcome 