Strike out or home run trading technique

Hello,

Is it possible to hit ten homers (1250 pips) in a row. That's 12500 pips. If this is possible and we double up each time, we make $1M with $1K. What if we hit 5 in a row? We make $16000 with $1000. I think those are great numbers for a risk/reward ratio. But, what are the odds of this happening? Any ideas out there?
My thinking is if we do actually hit this type of hitting streak risking our standard amount (let's say 2%);thus giving us 50 tries. What does that equate to? Did we make money, breakeven or lost money? 1 in 50 is like a 2% winning rate on hitting 5 in a row doubling up each time.

Do we make money?
I can sure use a million.

yes, it's possible. the impossibility lay on doing it again over and over. more possible you win ten times in a row then loose twenty times in a row.

Of course it's possible...anything is possible in the financial markets...well, almost anything.

Here's the deal though - unless you acknowledge that you are recklessly gambling, please don't pursue that course of action. Stick with a plan, learn your plan, and trade your plan...this is what it takes to gain success in the financial markets. The odds are not in your favor if you gamble. If you spend years preparing to trade and approaching the market with a plan, then the odds are still against you, but not as great as they were should you just outright gamble.

hey there to anyone who wants to read this. im not saying to trade in this aggressive style. this is 100% leverage with the balance account. this is risking 50% of account on every trade. going for broke, homers, tds, goals, with a couple of shots.
What im saying is that you could incorporate this type of aggressive trading in your trading. use your winnings. a tiny amount from your balance. try hitting 5 in a row with that small amount using your trading strategy. try hitting 10 in a row. anyone out there hit 5 winning trades in a row. do it again , this time doubling up every time. that small amount can become real big with a winning streak.

anyone hit 5 winning trades in a row??? 10 in a row???

If all the 6Bil people in the world set about doing just this using totally random trade entrys likely only a few would actually make.

Ever see the Derren Brown Coin flip, 10 heads in a row okay trading isn't a 50/50 game really, but it took him all day to do and many 1000's of fails before getting there. Same with this.

If you really believe that you should stop trading I guess. i would not get involved in anything without having an edge.

hey guys, im not talking about flipping coins. use your trading system. just double up to make consecutive winning trades. I am using my system and im thinking with a small % of my account to use to hit consecutive winning trades doubling up each time.

lets say we use a 0.1 lot with a margin of $50. thats all we re risking. $50. if we hit this 5 consecutive times doubling up, the $50 becomes $1600. I say thats damn good. so if we put aside $500 for this type of trading. again i say using a trading plan, (probably a longer tf because we need over 1000 pip wins), we have 10 shots at winning 5 in a row doubling up. at the end, we still make profit.

I've manually backtested my trading plan with this idea and so far , i have had some success. u can see my balance chart above.

anyone hit 5, 10 straight wins with their trading plan out there????

Yeah sure, but that kinda thinking well probably burn yah pretty fast, wouldnt want to pay for that stoploss in a MM system like that.
Considering i use SL of 2-3 times my TP usually, that be like:

x
2x
4x
8x
16x

And some drum effect, the stoploss of 32-48x
Aaaand we are down -1 to -17x

So really no, i would NOT do that.

if you wanna know about flipping coins, ask RR.