How long was your longest Losing streak? | Forex Factory

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How long was your longest Losing streak?

  • #1
  • First Post: Oct 31, 2013 3:46am Oct 31, 2013 3:46am
Wanna hear from someone who been trading ( not gambling ) for years about this. Thx in advance
So sorry for always replying late! But I got 2 Jobs!!
  • #2
  • Oct 31, 2013 5:33am Oct 31, 2013 5:33am
Trading is gambling
  • #3
  • Oct 31, 2013 6:18am Oct 31, 2013 6:18am
Quoting Muhammad Ezz
Wanna hear from someone who been trading ( not gambling ) for years about this. Thx in advance
18 Trades, including Stops on BE. But without a single winner.
Be water, my friend
  • #4
  • Oct 31, 2013 6:25am Oct 31, 2013 6:25am
Quoting spocktrader
{quote} 18 Trades, including Stops on BE. But without a single winner.
Thanks for the info. Very appreciated
So sorry for always replying late! But I got 2 Jobs!!
  • #5
  • Oct 31, 2013 7:33am Oct 31, 2013 7:33am
About 3 or 4 years ago, I had a winning streak of 15 trades one month.
The next month, I had a losing streak of 13.
Almost seemed like the market was taking revenge for the great previous month.
Those were all R:R 1:1 and either hit TP or SL, no interference.
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  • #6
  • Oct 31, 2013 7:39am Oct 31, 2013 7:39am
Quoting Gumrai
losing streak of 13.
Thx
So sorry for always replying late! But I got 2 Jobs!!
  • #7
  • Oct 31, 2013 3:15pm Oct 31, 2013 3:15pm
52 Years.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8
  • Oct 31, 2013 3:25pm Oct 31, 2013 3:25pm
Quoting The Fool
52 Years.
No Sir. I meant the number of the continous trades lost .... unless you didn't have a winning trade in 52 years ! :/
So sorry for always replying late! But I got 2 Jobs!!
  • #9
  • Oct 31, 2013 3:27pm Oct 31, 2013 3:27pm
Back in 2010, 5 consecutive losing months.
Beginning of 2013, Jan and Feb months of losses.
  • #10
  • Oct 31, 2013 3:45pm Oct 31, 2013 3:45pm
Quoting Jhig
Back in 2010, 5 consecutive losing months. Beginning of 2013, Jan and Feb months of losses.
Both times, how did you continue believing in yourself/strategy and going back to the winning ways after what happened ?
So sorry for always replying late! But I got 2 Jobs!!
  • #11
  • Oct 31, 2013 9:40pm Oct 31, 2013 9:40pm
Quoting Muhammad Ezz
{quote} Both times, how did you continue believing in yourself/strategy and going back to the winning ways after what happened ?
I am interested to hear this answer as well. I am new like you I think.
  • #12
  • Oct 31, 2013 11:29pm Oct 31, 2013 11:29pm
I've had losing streaks in the 10's....but let me say also that a good chunk of these would have been winners if profit had been taken at 1x risk. I just like to hold for runners as these account for the majority of my profit. Lots of losers, few winners.

Quoting TranceTrader
Trading is gambling
  • #13
  • Nov 1, 2013 5:13am Nov 1, 2013 5:13am
Quoting Kanzler
I've had losing streaks in the 10's....but let me say also that a good chunk of these would have been winners if profit had been taken at 1x risk. I just like to hold for runners as these account for the majority of my profit. Lots of losers, few winners. {quote}
I still laugh when people make a distinction between trading, gambling, investing and speculation... as if one is more controlled or respectable than the other. You're taking risk for reward regardless of the name you give it.
  • #14
  • Nov 1, 2013 5:29am Nov 1, 2013 5:29am
Quoting TranceTrader
{quote} I still laugh when people make a distinction between trading, gambling, investing and speculation... as if one is more controlled or respectable than the other. You're taking risk for reward regardless of the name you give it.
Whatever man! So, how long was your longest gambling loss streak ?
So sorry for always replying late! But I got 2 Jobs!!
  • #15
  • Nov 1, 2013 5:35am Nov 1, 2013 5:35am
Quoting Muhammad Ezz
{quote} Whatever man! So, how long was your longest gambling loss streak ?
lol. I can't remember if I'm honest, probably a 10 streak of losers? who cares, if your trading technically over a short term you will hit many series of losers, that's a given. Mentally you learn to deal with this, it's not big news, get over it and move on.
  • #16
  • Nov 1, 2013 7:23am Nov 1, 2013 7:23am
Quoting TranceTrader
{quote} I still laugh when people make a distinction between trading, gambling, investing and speculation... as if one is more controlled or respectable than the other. You're taking risk for reward regardless of the name you give it.
Gambling has no edge for the gambler; in fact the expectancy is negative in any casino. In trading you can have an edge but finding it takes a long time. If you don't think finding that edge is possible, then quit now because you're wasting time and money.
  • #17
  • Nov 1, 2013 7:28am Nov 1, 2013 7:28am
Quoting Kanzler
{quote} quit now because you're wasting time and money.
I agree with kanzler
So sorry for always replying late! But I got 2 Jobs!!
  • #18
  • Nov 1, 2013 7:36am Nov 1, 2013 7:36am
Quoting Kanzler
{quote} Gambling has no edge for the gambler; in fact the expectancy is negative in any casino. In trading you can have an edge but finding it takes a long time. If you don't think finding that edge is possible, then quit now because you're wasting time and money.
Why do casinos routinely ban Gamblers that they suspect of being adept at card counting?
Please Do Not PM Me With Coding Enquiries
  • #19
  • Nov 1, 2013 7:42am Nov 1, 2013 7:42am
Quoting Kanzler
{quote} Gambling has no edge for the gambler; in fact the expectancy is negative in any casino. In trading you can have an edge but finding it takes a long time. If you don't think finding that edge is possible, then quit now because you're wasting time and money.
You're wrong on two fronts here.

1) not all casino games have a house edge if played correctly.

2) (and the main point). not all gambling takes place in a casino.

There is no difference, it's a misconception predicated on ignorant public perception. You are in the business of RISK my friend, anyone who uses risk whether it's a new business owner, horse racing speculator or trader in the pits, is a gambler making decisions based calculated risk trying to anticipate future reward.
  • #20
  • Edited 7:56am Nov 1, 2013 7:44am | Edited 7:56am
Quoting Muhammad Ezz
{quote} I agree with kanzler
This is because you are yet to discover why, and you will as your progress on your journey. Be sceptical but never dismissive.

Also don't be so naive as to conclude that my view of trading is gambling and gambling is trading means I don't think you can make money trading...this is not the case, as I'm a gambler who makes money trading
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