String of losses

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Systems have a max expected loss based on a depth of historical scenarios. This is not roulette or coin flipping, its an actual market, business.
 
AttoCEL said:
Firms don't hire traders with these beliefs in randomness, but your opinion is understandable even when faced with overwhelming evidence to the contrary. Such conceptions are fed to us in culture and movies.
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Yes. Masters of the Universe, doing gods work and all.

But I'd be remiss not to ask... why would such a successful trader want or even need to be HIRED by a firm? Just another Muppet!!
 
tiddlywinks said:
Yes. Masters of the Universe, doing gods work and all.

But I'd be remiss not to ask... why would such a successful trader want or even need to be HIRED by a firm? Just another Muppet!!
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To continue exploring new grounds for developmental purposes. Be humble
 
AttoCEL said:
Systems have a max expected loss based on a depth of historical scenarios. This is not roulette or coin flipping, its an actual market, business.
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Max expected loss (based on historical scenarios) is usually determined through monetary values or percentages. This thread is about a "STRING OF LOSSES". A string in this context is not based on money or percentage, but rather on the consecutive binary win/lose outcome of individual and separate trades.

With these defined, if a string of losses is problematic for the trader, than the trader has exceeded the max expected monetary loss. No coin flips or roulette spins about it!
 
My control for a string of losses is to progressively decrease trade size. Example 100sh loss 100sh loss 70sh loss 50sh loss, decreasing til making wins,, then scale back up

It is stupid to have a string of equal size losses imo
 
losses is a very common thing that we the traders cant avoid in spite of having most powerful analyzing trade knowledge and experience. so we traders always have to take it easily.
 
AttoCEL said:
I never said we're eliminating the string of losses, we have ways of reducing the loss count but thats not whats being discussed here.
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What is being discussed?
Are you looking to find a method of recouping those losses?
I doubt you will find one other than having a string of wins.

You just mention a string of losses. No mention of how big or how bad. It is difficult to offer suggestions without all the facts. What is the affect on your trading capital?
 
KCalhoun said:
My control for a string of losses is to progressively decrease trade size. Example 100sh loss 100sh loss 70sh loss 50sh loss, decreasing til making wins,, then scale back up

It is stupid to have a string of equal size losses imo
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Your control is mathematically ineffective at paying for a string of losses in a reasonable amount of time. Although I do agree with your final statement.

I'm nodding off waiting for someone to get it, its like pulling teeth with you guys.
 
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