TECHNIQUE: After three profitable trades, skipping the next setup.

[Anacreon]

I am wondering if it is wise to skip the next setup after three profitable trades , since the probability of having a fourth profitable trade will be less (on average)?

What do you think?

Thank You!

@Redneck @Visaria @garachen @wrbtrader
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum @Maverick74 @lescor @Rearden Metal @nitro

Bet red on roullette after 3 blacks.

 

[Anacreon]

If you flip a coin and come up heads 10 times in a row, does it increase the odds that your next flip will be a tail?

No, it does not.

And unless your system specifically calls for you to skip the next "X" trade, the probabilities of it being a loss or a gain are the same as any other trade. You'll be guilty of inserting your own feelings of caution, thereby negating your system.

That's not true. You affect the outcome of everytrade. Its not a purely random outcome since u control the plunge and exit into the random system

 

[surf'n trade]

If your strategy is in the zone, why stop? Like surfing, you can go out for weeks and just get weak setups. Then one day the line up just keeps delivering epic waves. The last thing i am going to do is quit.

 

[777]

Most traders take the day off (stop trading), after their first trade is profitable


@Redneck @Visaria @garachen @wrbtrader
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum @Maverick74 @lescor @Rearden Metal @nitro

100 percent false.

 

[OddTrader]

" TECHNIQUE: After three profitable trades, skipping the next setup. "

That is the proper way I read meaningful posts on ET daily!