General Trading Chat

[Smart_trade]

ST Da/Madan,

What is the longest series of losing trades that you have faced in day trading?

What is the longest number of continuous losing days that you have faced in day trading?

As far as I remember, longest spell of losing trades in daytrading was about 10-12 continuous losing trades. But worst is after long spell of losing trades we get few winning trades and losing trades spell starts again.

Continuous losing days about 5-6 but 2-3 months of flat trading where nothing seems to be going your way. Anything you do does not seem to work. I have encountered such 2-3 months spell which is very frustrating and heavy on mind. You have to take such spells in your stride and that is why position sizing and MM is very important.

There is bright sunlight at the end of dark tunnel and after such spell we get huge trending moves. But one has to survive in these dark tunnel period.

Smart_trade

 

[Prataap_2013]

Fall in Japan market

 

[pareshR]

As far as I remember, longest spell of losing trades in daytrading was about 10-12 continuous losing trades. But worst is after long spell of losing trades we get few winning trades and losing trades spell starts again.

Continuous losing days about 5-6 but 2-3 months of flat trading where nothing seems to be going your way. Anything you do does not seem to work. I have encountered such 2-3 months spell which is very frustrating and heavy on mind. You have to take such spells in your stride and that is why position sizing and MM is very important.

There is bright sunlight at the end of dark tunnel and after such spell we get huge trending moves. But one has to survive in these dark tunnel period.

Smart_trade

STARs cannot SHINE without Darkness

 

[mudraatrader]

baba ji NF 7850 ke neeche na le jaana !!!!!!
samasya ho jaayegi, baba ji.

 

[lemondew]

Madan sir,

Thanks for stressing on this point. You explained this well in the seminar you gave with marketcalls as well.

Very good article ST !!

1. Many traders try to predict the trade sequences .. (for eg:, if 5 trades are winners in a row, then they expect the sixth trade to be a loser and would not pull the trigger or would reduce the size drastically expecting a losing trade) .. The worst part is when we reverse the situation..if 5 trades are losers in a row, then they increase their size for the 6th trade expecting a winner. But, market gives another losing trade. Now, they are deep hole(both mentally and financially). it is often easy to come out of financial ruin but if we drain our mental capital, it will create chaos. Sequencing assumption can be very fatal in trading !! Most of us dont talk about it but this bias is very real.

2. Article says "Over time, it is a virtual certainty that at some point all traders will suffer a long series of losing trades." - Many of us think that it would never happen to us. But over a period of 1000/10k trades, it will happen. There is no guarantee in trading but this is a done deal !! So, preparing for the worst case scenario would save us from the 'rare' event of hitting the worst case scenario.

Happy trading all

 

[timepass]

sensex (spot) is open = high, nifty is nearly so (both spot and futures). Could be a very red day.

 

[mudraatrader]

sensex (spot) is open = high, nifty is nearly so (both spot and futures). Could be a very red day.

hmmm
very red day !!!!
will be only if below 16650 and 7800

 

[copypasteaee]

baba ji NF 7850 ke neeche na le jaana !!!!!!
samasya ho jaayegi, baba ji.

samasya already ho chuki hai baba ji, ab to jitna neeche ja sake utna acha

 

[mudraatrader]

samasya already ho chuki hai baba ji, ab to jitna neeche ja sake utna acha

nahi, baba ji aur neeche nahi le jaayenge, aisa lagta hai

 

[Mungus]

leke jaa ne ko hona..7830 se short me hu..babaji 7800 de de