Losing money consistently

Discussion in 'Trading' started by zbojnik, Jun 2, 2014.

  1. dbphoenix

    dbphoenix

    Mr Soros has a well-thought-out, thoroughly-tested, and consistently-profitable trading plan.
     
    #41     Jun 3, 2014
  2. Absolutely Visaria!

    In fact, according to Stocks and Commodities Magazine, some of the most successful traders are perfectly happy (and are making good money) with a 30% average winning rate.
     
    #42     Jun 3, 2014
  3. Stick around and find out, then... :cool:
     
    #43     Jun 3, 2014
  4. Visaria

    Visaria

    :confused:

    But if he has a less than 30% win rate which is implied by the quote, he must then have streaks of 3 or more losses, which according to you means he does not have a thoroughly-tested, and consistently-profitable trading plan and therefore is trading the GA way!

    :confused:
     
    #44     Jun 3, 2014
  5. Oh really?

    He told you that over a few beers, I suppose?
     
    #45     Jun 3, 2014
  6. Visaria

    Visaria

    Actually, even if your win rate was a massive 80%, you would experience a sequence of 3 losses in a row on average, once in 125 trades!

    :D
     
    #46     Jun 3, 2014
  7. dbphoenix

    dbphoenix

    You're making assumptions with regard to winrate and consecutive losses that are not supported by the quote.

    In any case, emulating George Soros is not likely the road to success unless one is extremely well-capitalized. "Elite" traders would do well to come up with something more rigorous than "hey, this looks like it's going to go up (down)."

    If the OP wants to improve his results, I suggest he study Mark's posts (wrbtrader).
     
    #47     Jun 3, 2014
  8. Visaria

    Visaria

    Don't have to make any assumptions. I can prove that someone actively trading with a 80% win rate will, at some point, have 3 consecutive losing trades. If that's the case, then someone (Soros?) with a less than 30% win rate is even more likely to have 3 losers in a row.
     
    #48     Jun 3, 2014
  9. ...or you have no idea how to answer Visaria's (right on the money) comment, perhaps?
     
    #49     Jun 3, 2014
  10. dbphoenix

    dbphoenix

    Unless someone posts a trading plan, it's all theoretical, so what's the point?

    As for the winrate with 3 losers in a row, that comes to a winrate of 25%.
     
    #50     Jun 3, 2014