Longest winning streak?

Discussion in 'Trading' started by stewbacca, May 31, 2006.

  1. I have no doubt I'll be a Multi-thousandaire by the time I'm 40. :D
     
    #51     Jun 2, 2006
  2. ... crickets chirping.
    :)
     
    #52     Jun 2, 2006
  3. newbunch

    newbunch

    40? Why wait so long?
     
    #53     Jun 5, 2006
  4. Although I'm a profitable trader, I feel so embarassed that I did so badly comparing to other traders here.
    8XX days of success. Inconceivable! I could never achieved such a high winning streak.

    But I wonder what's the longest losing streaks (but still alive)?

    Nevertheless, I don't think winning streak is too important. The most important is returns. One may have lower than 50% winning rates, but it gains millions every year. Why care low streak if you can go away with huge returns every year consistently.

    You are willing to take risks and losses, grasping risky but highly profitable trades. You know the risk/reward ratio will offset anyway, so you gain much more than others who are conservative and would like to see all green.

    They develop high accuracy rules to trade, but they don't realise they have over-filtered too many profitable trades), and earn less.

    PS: I'm not belittling master achievements. I'm not saying you must earn less than people who have lower winning streaks.
    I just point out higher winning streaks are not necessarily equal to higher returns. Some may have lower winning streaks but more successful.
     
    #54     Jun 6, 2006
  5. newbunch

    newbunch


    Exactly. My money market now has 15,000 consecutive winning days, but it only makes about 0.01% per day.
     
    #55     Jun 6, 2006
  6. However I think we should admire "this guy" since it can endure 3.65% p.a. for 40 something years. It must be unusually tolerant. :cool:

    Salute! :D
     
    #56     Jun 6, 2006