Jump to content

Whats your record for the most losing trades in a row?


Recommended Posts

37 minutes ago, dmedin said:

People who can't program have no place in tomorrow's economy

People who can't program will have to have good social skills (be good at taking other people's sh!t)

People, like me, who don't program and aren't people persons are screwed :D 

Link to comment
Just now, dmedin said:

The placing of stop losses and limits doesn't really lend itself to programming as far as I can tell.

 

well yeah that's a very good point, I am still struggling with stops on IG, Its baffling how I put on a stop the candle wicks rises up to it , Just right before the price hits it  I cancel the stop and the wick retracts. I have see this about 20 times now   . 

  • Thought provoking 1
Link to comment
13 minutes ago, DavyJones said:

I experimented a lot with his indicators and testing in PRT, I really couldn't find any conclusive evidence like he did. Fiddled around with the code for about a month 

 

 

All of the indicators work to some degree or another, it's a case of finding one that suits your style of trading as well as your preferential market and time frame.

Maybe add a filter indicator that keeps you out of more bad trades than good ones and also know the market (chart) structure on which to apply it.  

Remove the thinking and guess work and trade the plan like an algo would.

T

  • Like 1
Link to comment
3 minutes ago, Caseynotes said:

All of the indicators work to some degree or another, it's a case of finding one that suits your style of trading as well as your preferential market and time frame.

Maybe add a filter indicator that keeps you out of more bad trades than good ones and also know the market (chart) structure on which to apply it.  

Remove the thinking and guess work and trade the plan like an algo would.

Its difficult to know whether to reply on pure price action, indicators or news. I suspect a mixture of all is the way forward . For example I have been researching Gold and despite it all suggesting buy (and my subsequent loss) , last friday's and early this week sell off was due to funds monetizing profits of which they may well reload . 

  • Like 1
Link to comment
6 minutes ago, DavyJones said:

Its difficult to know whether to reply on pure price action, indicators or news. I suspect a mixture of all is the way forward . For example I have been researching Gold and despite it all suggesting buy (and my subsequent loss) , last friday's and early this week sell off was due to funds monetizing profits of which they may well reload . 

yes, better to have things line up rather than hoping one thing on it's own will be strong enough ( unless it's major news). Fundamentals with technicals,  multi time frame trend oscillators all aligned with each other and with price action which will always have the final say and be the actual trigger.

  • Like 1
Link to comment
  • 4 weeks later...
On 11/08/2020 at 08:16, DavyJones said:

well yeah that's a very good point, I am still struggling with stops on IG, Its baffling how I put on a stop the candle wicks rises up to it , Just right before the price hits it  I cancel the stop and the wick retracts. I have see this about 20 times now   . 

same here.  it's the norm for me when using tight stops

Link to comment
10 hours ago, HMB said:

same here.  it's the norm for me when using tight stops

So you are following the advice to put stops just above resistance and just below support, and not at 'obvious' round numbers etc?

In a strong uptrend, put a stop beneath a very bullish candle and vice versa.

  • Like 1
Link to comment
6 hours ago, dmedin said:

So you are following the advice to put stops just above resistance and just below support, and not at 'obvious' round numbers etc?

In a strong uptrend, put a stop beneath a very bullish candle and vice versa.

thank you - yes, when I did that it worked better.  (however I frequently had revenge trading phases with complete loss of control, when I tried all kinds of extremely low probability stuff, and used often just the minimum stop distance.  it becomes more like lotto then... working hard on strategies to avoid that from happening again  - like taking breaks, planning for adverse scenarios, planning the trade and trading the plan, etc.)

Link to comment
12 hours ago, HMB said:

thank you - yes, when I did that it worked better.  (however I frequently had revenge trading phases with complete loss of control, when I tried all kinds of extremely low probability stuff, and used often just the minimum stop distance.  it becomes more like lotto then... working hard on strategies to avoid that from happening again  - like taking breaks, planning for adverse scenarios, planning the trade and trading the plan, etc.)

 

Trade mechanically.

Read 'Trading in the zone' by Mark Douglas and try some of the strategies used here www.tradingrush.net

 

  • Like 1
Link to comment
2 hours ago, dmedin said:

Trade mechanically.

Read 'Trading in the zone' by Mark Douglas and try some of the strategies used here www.tradingrush.net

thank you - had a look at the breakout tips - explains nicely the issue with tight stops near resistance/support levels.  also listened to a free excerpt of the audio-book version of trading in the zone - guess will get the book soon.

both of course technical - I'm thinking of how to combine this with fundamental ideas - maybe use fundamental insights as confirmation - e.g. now thinking of a EURUSD short - EUR had a good run for like a month or so, then trading in a higher range, but after Lane's statement maybe time for a pullback (more details posted in FX)

still thinking fundamental picture is important, too, to generate/confirm ideas   

Link to comment
  • 1 year later...

The most I personally did was 27 losses. All stop loss. But I’m also risking not even 1% of my account. It’s discouraging but risk management helped me survive and I’m still getting 15 strings or 10 strings. I didn’t hear of any trader so far losing as much as me but I also never blew an account.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Commodities Market Update: Discover the latest trends and strategies for trading in the futures market with a focus on Elliott Wave analysis. Learn about bond yields, USD DXY, and key commodity prices such as gold, silver, copper, iron ore, lithium, uranium, nickel, crude oil, and natural gas. Stay informed and make informed trades with our in-depth market summary and expert trading recommendations. Commodity Market Elliott Wave Update: - Bitcoin: Wave 2 low in place, awaiting confirmation. Support at 65k. - US Dollar: Awaiting more price action. Bonds expected to move higher, yields to lower. - Gold, GDX, and Silver: Possible lows in place, requires confirmation. Silver is looking more positive. - Base Metals: Copper approaching Wave 4 low. - Natural Gas: Wave b) of 4 correction lower. Video Chapters: 00:00 - Bitcoin (BTC) and Ether (ETH/USD)   07:28 - US Dollar Index (DXY) / TLT Bonds / US Gov Bonds 10 Yr Yields   16:51 - Precious Metals: Spot Gold (XAU) / GDX ETF / US Spot Silver (XAG)   27:10 - Base Metals: Uranium (URA ETF) / Copper   29:55 - Energy: Crude Oil (WTI OIL) / Natural Gas (NG)   32:27 - End   Analyst: Peter Mathers, TradingLounge  
    • The cryptocurrency world is being transformed by AI, making investing and asset management easier and more secure. Projects like Fetch.ai, Ocean Protocol, and SingularityNET use AI to analyze market data and predict trends, empowering investors with smart decisions. ROGin AI exemplifies this by providing market analysis and portfolio management tools, automating tasks to save time and reduce errors. AI also boosts security by detecting fraud on crypto platforms. ROGin AI's unique features include social learning and NFT integration, allowing investors to collaborate, get trading advice, and protect their strategies as NFTs. What excites you about AI in crypto? Have you tried any AI-powered crypto projects? What features would you like to see on platforms like ROGin AI?
    • The integration of AI into metaverse can be seen as a transformative shift. While companies leverage on AI to streamline creation process and enhance user experience, the integration of AI within the metaverse facilitates smooth interactions, providing users with instant information. In ROGin AI is a platform that combines the strengths of both technologies to offer wide financial services, ranging from cryptocurrency investment to NFT trading; an earning service that gives users access to simplified asset management, and a social trading platform that enhances users investment choices.  Its ecosystem boasts of vast features that have been integrated to enhance user experience, including features like Web3 wallet, reward system, governance etc. ROGin AI tokenomics, another core part of its ecosystem drives it growth, having burned 1.8bn out of 2bn tokens initial issuance, shrinking the total number of tokens issued to 200m. With ROG now about to list on Bitget on 19th June 2024, a high demand and potential surge could be in the offing.
×
×
  • Create New...
us