What a run

Discussion in 'Trading' started by Cesko, Mar 10, 2006.

  1. BSAM

    BSAM

    7 losers / 3 breakevens.....

    I'd say if this pattern has been pretty much repeating itself recently, then you need to maybe look for some new ideas. If it was only a recent one time occurrence, it's really no big deal. Shake it off, get back in there Monday!
     
    #11     Mar 10, 2006
  2. ================
    Not bad at all, before 2003 blew up an account;
    improper money management[too large position size.]

    Actually for a careful chart trader, intraday some or swing/position trade;
    1 loss can say a lot, maybe the trend changed.

    Number 72 helps , thats wisdom;
    72 hours work week can help much also.

    At least you didnt blow you r account up .:cool:
     
    #12     Mar 14, 2006
  3. Brandonf

    Brandonf Sponsor

    Its just the mathematics of investing. If your system has a 70% success rate it is only a matter of time before you get 11 losers in a row. When it happens it doesnt mean anything at all unless you give it meaning.

    Brandon
     
    #13     Mar 14, 2006
  4. gnome

    gnome

    Such a period can help you focus your energies on where to improve.

    IMO, a *string* of losers is caused by (1) wrong directional bias, (2) you played for *trend* when you should have been playing for *chop*... or vice versa, and (3) your stops were generally too tight.
     
    #14     Mar 14, 2006