anyone confident enough to post live 10 winning trades in a row?

[brewski1984]

I really should stop reading this thread. You made more trades in those few hours than I do in a month and it keeps tempting me to trade more even though I know I'll lose!

Nice trading though!

 

[counter_violent]

CV. I am doubtful of the statistical chance of your trading result. Do you have more information to relay to the group?

I don't suppose I should be at all surprized...in fact i'm more surprized that this is the first doubting / questioning post.

:-0 Well i'm not big on record keeping...but shoot.

Off to watch a film...back later.

 

[wackypete2]

CV. I am doubtful of the statistical chance of your trading result. Do you have more information to relay to the group?

The man is obviously a trading czar. I wouldn't question it if I were you. Wouldn't surprise me if he did another 20 in a row tomorrow.

^5 to CV

Peter

 

[Jason101]

CV scales out, this keeps him in, I dig that about him, its the only way I can stay in too.

 

[counter_violent]

Whats your take on it hare ?

 

[Martinghoul]

KZTMNT is at 8.6029

 

[the hare]

Whats your take on it hare ?

I posted earlier about this. Its very rare for me these days to experience 10 winners (or losers) in a row, but thats partially down to the method I trade. I'm far more relaxed trading an automated sytem with a lower strike rate than I used to be with a higher strike rate discretionary method.

The only thing I'd say is that the need to be right about the outcome of a single trade can potentially lead to problems. I do track consecutive wins and losses, but I'm not sure if its particularly useful.

There are calculators out there which will give a reaonable estimation of the probability of achieving these sorts of streaks for a given win rate.

 

[Pazienza]

The only thing I'd say is that the need to be right about the outcome of a single trade can potentially lead to problems. I do track consecutive wins and losses, but I'm not sure if its particularly useful.

+1

Good post, completely agree.

 

[Cornix]

Anyone who seriously treats trading understands, that number of winning trades in a row has nothing to do with professional level of a trader. Some martingale idiot can easily call much more "winners" in a row, but is that a sign of his professionalism?

 

[BeginnerJoe]

Anyone who seriously treats trading understands, that number of winning trades in a row has nothing to do with professional level of a trader. Some martingale idiot can easily call much more "winners" in a row, but is that a sign of his professionalism?

I see now why you have so few winners in a row. It must be because you are a professional.

 

[counter_violent]

Anyone who seriously treats trading understands, that number of winning trades in a row has nothing to do with professional level of a trader. Some martingale idiot can easily call much more "winners" in a row, but is that a sign of his professionalism?

there are plenty that don't have the gumption to make anything work.

So in the attachments you can see that there are minimal overnight costs. Minor credits and debits. So just to be clear, there is no martingale going on here, would you agree ?

 

[Cornix]

I see now why you have so few winners in a row. It must be because you are a professional.

I used to have 10+ in a row, but would never think of it as a sign of being a good trader, just like 10 losses in a row is not a sign of a bad trader.

That was my point. Our goal is profit, bottom line, not some minor parameters, which are not indicative of how good a trader and his method are anyway.

 

[Cornix]

there are plenty that don't have the gumption to make anything work.

So in the attachments you can see that there are minimal overnight costs. Minor credits and debits. So just to be clear, there is no martingale going on here, would you agree ?

I did not blame anyone in this thread in playing martingale, rather pointed out that making 10 winners in a row is easy, very easy. But that would not tell anything about how good that trader is unless other, much more important parameters are considered too.

 

[BeginnerJoe]

I did not blame anyone in this thread in playing martingale, rather pointed out that making 10 winners in a row is easy, very easy.

What about 88 wins in a row ? Care to demonstrate how easy it is ?

 

[Cornix]

What about 88 wins in a row ?

I know one trader, who had winning trades and no single loser for months... His technique was using DeMark signals to average in stocks (mostly to the short side). So his hit rate was like 99% (he went in and out often and had a lot of trades during those months)....

Until once, one stock gapped over 100% on some rumor and wiped out all those profits plus some more...

Moral of the story: I better stay the pathetic piker I am, usually having only a couple winners in a row mixed with scratches and small losses, because I feel much safer trading this way and my equity curve is much better anyway. :cheesy:

 

[BeginnerJoe]

I know one trader, who had winning trades and no single loser for months... His technique was using DeMark signals to average in stocks (mostly to the short side). So his hit rate was like 99% (he went in and out often and had a lot of trades during those months)....

Until once, one stock gapped over 100% on some rumor and wiped out all those profits plus some more...

Moral of the story: I better stay the pathetic piker I am, usually having only a couple winners in a row mixed with scratches and small losses, because I feel much safer trading this way and my equity curve is much better anyway. :cheesy:

It is easy, but you can't do it ?

 

[Cornix]

It is easy, but you can't do it ?

I probably can do it, but would not with my own money because of very ugly risk profile of such trading... Sell far OTM options comes to the mind first as a "strategy".

From the other side, if someone is able to rarely have losses while maintaining sane risk profile, that trader I would call brilliant without any doubts.

 

[redart]

If you're willing to risk your entire account on each trade, It's pretty easy to get, say 100 winners in a row.
(not that im suggesting CV trades like this. I'm quite convinced he knows exactly what he is doing)

 

[the hare]

Some martingale idiot can easily call much more "winners" in a row, but is that a sign of his professionalism?

Martingale isnt going to improve the win rate, or the number of consecutive wins or losses. It just ensures that the eventual winner offsets the earlier losses, and in its simplest form with fixed R:R puts you ahead by the size of the original bet.

The primary factor which influences the probability of a streak of a given length occurring is win rate. If you have a high win rate, then you'll get longer streaks, if you have a low win rate you'll get shorter streaks of winnners. Thats the situation if the win rate is due to a genuine edge, or artificially achieved by altering R:R to engineer a higher win rate.

As you point out, there's no real correlation between streak length and expectancy.

 

[BeginnerJoe]

I probably can do it, but would not with my own money because of very ugly risk profile of such trading... Sell far OTM options comes to the mind first as a "strategy".

From the other side, if someone is able to rarely have losses while maintaining sane risk profile, that trader I would call brilliant without any doubts.

No need to risk your money. Demonstrate using the forum contest.