Losing Streak

[RogueTrader92]

What is the best approach when you realize you are in that losing streak ?

 

[Damanuelman]

Realizing that it's a losing streak and it will pass. Losing hurts bro, if you can take a break and go for a walk, that can help you come back to the market with fresh eyes. Also helps to prevent tilt and emotional trading will lead you to bust.

 

[Handle123]

For me based on back testing. Stats will show if it is average losing streak or abnormal. If abnormal, system might be breaking down. It best to make charts to show when a drawdown is due then you can reduce size.

 

[orbit23]

Bet smaller

 

[deaddog]

First figure out if it's the strategy or the trader that's causing the problem.

 

[El Trado]

What is the best approach when you realize you are in that losing streak ?

Sell everything, and do not do anything trading related for a week

 

[Tradex]

What is the best approach when you realize you are in that losing streak ?

Only a backtest can reveal if your drawdown is within norm.

I said it a million times and I will repeat it again : Always backtest your system first.

 

[deaddog]

Only a backtest can reveal if your drawdown is within norm.

I said it a million times and I will repeat it again : Always backtest your system first.

Ever figure out how long it would take to to say that a million times?

 

[tayte]

Sell everything,...

He could be net short

 

[tayte]

What is the best approach when you realize you are in that losing streak ?

reduce risk, then regroup, get better.