4 Wins and 4 Continous Losses

[rxs0005 10]

hi fellow wall street warriors

 

i had 4 good trades and was applying my strategy and it woked well

 

i do only one trade or 2 trades a day I more of a momentum trader but do not hold overnight positions

 

now i apply the same strategy i am losing

 

i dont know what is wrong , i am baffled

 

how does one cope with this confusion

 

your advice is sincerely appreciated

[thalestrader 14]

hi fellow wall street warriors

 

i had 4 good trades and was applying my strategy and it woked well

 

i do only one trade or 2 trades a day I more of a momentum trader but do not hold overnight positions

 

now i apply the same strategy i am losing

 

i dont know what is wrong , i am baffled

 

how does one cope with this confusion

 

your advice is sincerely appreciated

 

I'd need more info before I could be of any help ... for instance, are you an Eagles fan?

 

Best Wishes,

 

Thales

[MidKnight 12]

Hiya,

 

Sadly, 8 trades is too small a sample to draw any conclusions from. They say, you need at least a sample size of 30 to start seeing statistical significance. Once you have a minimum sample of 30, I would bootstrap to increase the sample size to around 1000 and then start evaluation.

 

With kind regards,

MK

[BlowFish 10]

hi fellow wall street warriors

 

i had 4 good trades and was applying my strategy and it woked well

 

i do only one trade or 2 trades a day I more of a momentum trader but do not hold overnight positions

 

now i apply the same strategy i am losing

 

i dont know what is wrong , i am baffled

 

how does one cope with this confusion

 

your advice is sincerely appreciated

 

What do you concider a 'good' trade? Loosing is part of trading. You can (and will) have many 'good' trades that loose.

[MightyMouse 12]

I'd need more info before I could be of any help ... for instance, are you an Eagles fan?

 

Best Wishes,

 

Thales

 

Eagles fans need love.

[DugDug 10]

Please take this as being helpful not nasty - but If you are new to trading and expected not to have losses and have not worked out a rough guide to how many losses you may have, and how to deal with them, then I (and I am sure most others will agree) would suggest you learn some more about your chosen hobby.....read, read, practice, practice.

This will help you

1) understand the market, understand the style you have adopted

2) work out what if - if there is anything wrong with your strategy and

3) end your confusion - or at least minimise it.

 

Alternatively - blow your money and stay confused.

 

4 wins, 4 losses - as expected when flipping a coin.

If you are trading momentum - read about trend trading styles, CTAs, google turtle trading, trend trading, etc

You may find you could expect to have 30% winners, and 70% losses.