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losing streaks
- Thread starter eusdaiki
- Start date
Quote from eusdaiki:
I usually call it a lossing streak when I start getting most days in the red, and even on good days I stay under 100 so I m lossing ground overall.
Since las thursday I lost 188, 600, 20, 300, and I gained 30 one day.
I usually consider the streak to be over once I start getting several days in a row above $200-300, as I usually get 4 out of 5 days with such a record, and about one bad day per week. As I start feeling stronger I start increasing the size of trading blocks, so that by the peak of a winning streak, Im usually getting higher profits per day, and Im breaking my all time highs for one day. When Im on a bad streak I do the opposite, I reduce the odds, so that I dont get hurt so badly.
Who do you trade with?
Joeper hout!
dont get me wrong, I love trading, It makes me feel more alive than any job I ever dreamed of having.Quote from joeper:
I say take a break from trading for a week or two. During that time ask yourself if you would be happier as a trader or doing something else. Cuz it seems to me your losing streak is actually on purpose. Subconsiously you are telling yourself to quit as a trader and to find another career. I say check yourself first and make double sure you still want to be a trader.
and oh ya one more thing. If you want to have a good time good to a peeler bar and see some t*tties but don't trade to have a good time that's just foolish thinking. Trading is boring and you shouldn't be feeling any emotions whatsoever.
Joeper out.
Problem is I still got a lot to learn, so when the market changes, or when I changemy focus unconciously, I start losing money several days in a row and that gets to me. the worst losing beating that I took was a whole month getting my ass handle to me every day by XOM, PFE and GE. I didnt like it but I learned more that month than any other, and I learn to radically change my strategy to adapt to changing markets.
They are tough.
Imagined getting the fucked knocked out in the 8th round of a boxing match and then have to come back and win. I feel like I'm that person of late.
I consider myself very strong mentally but this period of my life has been very draining. My guess is it took about 5 years off of my life.
ozzy
Imagined getting the fucked knocked out in the 8th round of a boxing match and then have to come back and win. I feel like I'm that person of late.
I consider myself very strong mentally but this period of my life has been very draining. My guess is it took about 5 years off of my life.
ozzy
Greatly reduce your size and or exposure. Take a look at your trading from distance. Trade humble, trade defensively. You'll be surprised....your performance improves.
Don't dwell on wudda, shudda, couldda. It is the past and does not exist and drains energy from forward thinking.
Markets are bigger that all of us, think about that when you enter each trade.
Don't dwell on wudda, shudda, couldda. It is the past and does not exist and drains energy from forward thinking.
Markets are bigger that all of us, think about that when you enter each trade.
I noticed the biggest problem I had was to not let winners run beyond my typical loss so that my R:R was always 1:1.
If you scalp and know what you are doing than that's ok, otherwise you should learn to leave your positions exposed to further gains: your failures will be more consistent than your successes for quite some time and when added up will surpass your gains if you get out too soon on your winners, and eat into your profits slowly bankrupting you.
My couple of cents
PP
If you scalp and know what you are doing than that's ok, otherwise you should learn to leave your positions exposed to further gains: your failures will be more consistent than your successes for quite some time and when added up will surpass your gains if you get out too soon on your winners, and eat into your profits slowly bankrupting you.
My couple of cents
PP
Just follow your system and you won't have to worry about losing streaks. As long as you're cutting losses, staying diversified, and not overleveraged there should'nt be any huge losing streaks. As for me I'm in one of my worst losing streaks in the past three days because of reckless overtrading. This shit happens at the end of every single month.
Just because you follow a system does not relieve you of worrying whether the drawdown it's currently in will be the one that sends your acct plummeting.
Quote from chewbacca:
Just follow your system and you won't have to worry about losing streaks. As long as you're cutting losses, staying diversified, and not overleveraged there should'nt be any huge losing streaks. As for me I'm in one of my worst losing streaks in the past three days because of reckless overtrading. This shit happens at the end of every single month.