The pain.

Quote from fttrader:


More often than not it's the implementation that needs fixing.

Just as well it's the weekend, huh.
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I agree. After reviewing the losses I have found my stops too tight for the current mkt. Thankfully I keep the risk constant so i`m not getting chopped to bits...just a few mosquito bites.

thanks
 
Quote from RoughTrader:



1) losing streaks break confidence big time, and it is difficult to accept that they are statistically inevitable.
2) wins peppered with losses test the trader's patience
3) winning streaks make many traders too confident in their ability, while what really happened is they are simply experiencing a run-up that is statistically inevitable.
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Words of wisdom. I`m not as emotional as I used to be..but it shows its ugly head at times like this. Reading that damn PnL thread during a losing streak doesn't help me either. :) One of the worst things we can do is try and compare ourselves to others.

I dont swing a stick your size yet...guess its all relative though. For me a 1500.00 loss hurts.

Good trading to you also.
 
Quote from indahook:

10 losing trades in a row...a new personal worst.

My previous losing streak record was 7 last year.

Martingale or take a break?

I know the answer, I just want to see how flamed I get!

:D

Venting over...
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Doesn't mean anything but that you don't sufficiently know your system.
As an example, a highly profitable system might in 10 trading days very well exhibit 6 contiguous highs and 9 contiguous lows.
 
Quote from nononsense:

Doesn't mean anything but that you don't sufficiently know your system.
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Your right. I`m going to do some testing this weekend based on my trades for the year. I may be spinning my wheels...
 
Quote from MAESTRO:

What instruments are you trading, how frequent? Daytrading? I might be able to help.
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SPY,QQQQ

avg per per trade 3.77 days
avg per per winner 4.06
per loser 3.58

with my current losing streak i`m at 40% winners 60% losers..no scratch trades.
 
Quote from indahook:

10 losing trades in a row...a new personal worst.

My previous losing streak record was 7 last year.

Martingale or take a break?

I know the answer, I just want to see how flamed I get!

:D

Venting over...
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head to Margaritaville for a few weeks. Come back trading 100 share lots till you get your grove back....:D
 
Quote from indahook:

SPY,QQQQ

avg per per trade 3.77 days
avg per per winner 4.06
per loser 3.58

with my current losing streak i`m at 40% winners 60% losers..no scratch trades.
More...

MAN, you are fine! I thought you are in trouble! You are not! What data provider do you use? If you have eSignal or TradeStation I might be able to swing you a few indicators that I wrote that might help you.

Cheers
 
Quote from MAESTRO:

MAN, you are fine! I thought you are in trouble! You are not! What data provider do you use? If you have eSignal or TradeStation I might be able to swing you a few indicators that I wrote that might help you.

Cheers
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Thats a mighty generous offer. Thank you.
 
Out of 26 trades:10 losers, 15 breakevens(tiny profits, tiny losses cancelling each other out after commission)), 1 profit

It happened after I "figured out" I could afford to tighten my stops, generally speaking.
 
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