Hello,

Keep pushing. You will succeed.

Reminds me of Crocodile Dundee: Thats not a knife.

I never lost 5 days in a row over a plus 40 year time span.

However for the first 49 months of trading, I never had a winning month.

That is a losing streak--49 months in a row red.

After I made my first profitable month I never had a losing month again.

It just took me a hell of a long time to find out what works. Most of the crap that some con-man sells for $1,000 does not work. Free advice did not work. I had to learn from professional traders.

Luckily I was wealthy to begin with and could finance my learning curve.

I equate it to 48 months in a row in college I never made any money. Had to graduate then get a job.

TB

Hi everyone,

So... I had a bad week, to say the least. I had 5 consecutive read days. The strategy has been working for 200 trades, so far so it is pretty solid. However, this week, not sure if this is normal, although there are still winning trades, the losing trades just happen more often, so I ended up with 5 red days.

Has this happened to anyone before? How do I handle this? (both psychologically and technical sides)

thanks,
noobmaster

i recently went through my first 5 days in a row too ( about 3 weeks ago) , the market is much different then it was at the beginning of the year. Its hard to day trade at the moment, In my opinion

Since then I have been taking less trades and trying to waiting this period out,

-P

So it isn't just me then. I agree, the underlying structure of the market has changed in the last few weeks...probably temporary...or I hope its temporary.

Bad days, bad weeks or to some extent bad months happen to every trader at some point. A few weeks ago, nothing was working for me and I had my first losing week since week 07 of this year. In the middle of that rough week I had got myself into quite the drawdown. I managed to recover it in part, but it was still a losing week.

The most important thing is how you deal with it. Over the last decade I have earned myself a black heart. I am not a completely emotionless trader, but I have got to the point where I understand that these things happen and I get nonplussed about them for the most part.

I figured that the underlying structure of the market had changed and I think it is still evolving. The weeks since have been somewhat a mixed bag, profitable but no knock outs.

In a readers digest format, I developed my system into a semi-automated strategy (it enters the trades and I manage them) with some machine learning component attached to it. The idea of the ML part was to look at the underlying structure of the market and change accordingly. The problem with this is the ML is like an oil tanker, it can't steer on a dime and takes a little time to adapt.

Apart from a couple of Hail Mary trades where I entered a trade and just let the market run to capture a bigger move to ease my large drawdown, I am trading my system/setup in exactly the same way as before, and that is what you have to do. If you have empirical evidence that your setup/strategy works then there is no reason to trade differently.

However, like any strategy, unless they have a component in them that can adapt to the structure of the market, it is still searching for said market structure that made it profitable in the first place, but the market isn't giving it to you. Many successful strategies are only "switched on" when the market conditions are ripe for that particular strategy. A strategy that is designed for trends will suck in a range bound market and vice versa.

So can you isolate the market conditions in which your strategy was profitable? What kind of day types were they etc.

And I'll be honest, 200 trades is a drop in the bucket and probably not enough to assess the success or failure of a strategy.

Everyone's strategy is unique.
you're mixing days (5) with trades (200) so it's sort of hard to get a clear picture. How many days did it take you hit 200 trades? What's been your previous losing streak in regards to days? How many trades is that?

Mine? Last 150 days of trading, One 4 day losing streak, quite a few 3 days, many 2's.

How many trades would you say it is enough to assess the success or failure of a strateg? and under what circumstances would you deterine a strategy no longer works?