How many losses in a row?

DT-waw said:
2 losses in a row is two too much.
serious traders dont lose. 100% winning trades is the way to trade.

thats why all folks on the internet will hold an open losing trade forever, until it will return to profit, just 2 ticks pleeease!
losing trade? its just damn not acceptable.
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Wow, you have to be one of the best traders in the world.
 
CheckM8t said:
For comparison purposes, I'd like to know, on average, how many losses in a row do experienced daytraders routinely encounter with their tested and proven systems?

Also, what was the max number of losses ever experienced in a row?
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I am a Swing trader on forex and for this month, I'm at 12.
 
In my personal case, I use the following.

For example in a 500 watch list of SnP500, suppose I have roughly 10 stocks.

Then I will have less downfall, if I have 20 stocks rather than 10. Of course if I have all 500 stock, then my account will be same of SnP500 Index change.

It is called the Law of Large Number, in statistics
 
$$MrMarket$$ never has any losers imo

mrmarket.gif
 
Scataphagos said:
If you're getting a large percentage of losers, it's usually because either (1) stops too tight... getting taken out with a small amount of "noise", or (2) your bias is wrong.
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Wise words;
especially if its a bull market like SPY,DIA, QQQ, is in now.They [bull market/Uptrendss]tend to be more orderly than bear markets/panic selling.Not a prediction; its probabilities
 
who cares if you have 100x losers in a row as long as you are making $100k+ every year. Losses in a row won't buy houses, cars, etc.... if you are overall losing at trading, then life is being wasted and it's time to find that winning "trade".
 
Personally - if I suffer two losses in a row, I cut my size back. When I get back to two winners in a row, I restore my size. If I have three winners in a row, I will typically very modestly increase my sizing. That's what I recommend to my clients.

I'll beat this drum again: a daily personal trading journal is the best tool for becoming more consistent and reducing mistakes and checking yourself.
 
Totally agree with regard to the trading journal. I enter EVERY trade i make into my spreadsheet together with profit/loss, commission paid and most importantly, my observations on the trade. It's NOT automated, i enter every trade manually. Gives you a feel for your trading.
 
Scataphagos said:
If you're getting a large percentage of losers, it's usually because either (1) stops too tight... getting taken out with a small amount of "noise", or (2) your bias is wrong.
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100% accurate. One thing newer traders have to get used to is the notions that markets are naturally correcting and consolidating all of the time. 99% of my trades are underwater at some point in their lifespan. Unfortunately, markets very seldom go straight up or straight down without any correction or retracement. It's a fact of life in all markets that can't be avoided. Crazy as it sounds, many of my clients have trade set-ups that typically have original risk:reward ratios of about 1:1. What makes it work is that a reversal with the indicator package will stop them out earlier than their original stop-loss level set at that RR of ~ 1:1. Something to contemplate ! ;)
 
Essentially, a trade which is originally 1:1 reward/risk can be transformed into something like 2:1 by tightening the stops, perhaps with either the passage of time and /or the position moving in your favour.

Bone, i know you are a vendor, but can you say anything on adding to positions?
 
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