How many consecutive looses can you handle in trading? - page 3.

Finestream

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Quote from: tygeade on December 24, 2021, 02:23:47 PM

Quote from: Mpamaegbu on December 24, 2021, 03:30:32 AM

as for the number of consecutive losses; five will be the alarming figure to make me take a pause.

Five? That must be a dangerous approach as it may risk most of your capital.

If you set stoploss at 5% then for five losing trades you may lose more than 30% (not just 25%) which must be a high risk one in my experiences. I know people who are setting different stoploss levels for different trades still waiting until five trades is not looking as a good approach to me.

Maximum two consecutive losing trades should be a limit if you really do not want to top up your capital more frequently. Just imagine if you make 4 consecutive losing trade and then making one profitful trade and then facing 5 more losing trade; do you think you will still have remaining capital for next day trading?

I think 4-5 consecutive losses will already be unacceptable if you are a trader. Even 2-3 losses are alarming already and you should be thinking already to take a break or to quit from trading for good. But before that, try another strategy first which you think will fit for you. If it works, then use it. If not, then maybe there's something wrong with you and not with your strategy. Take a break first while gaining more knowledge in trading.

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Quote from: Mpamaegbu on December 24, 2021, 03:30:32 AM

as for the number of consecutive losses; five will be the alarming figure to make me take a pause.

Five? That must be a dangerous approach as it may risk most of your capital.

If you set stoploss at 5% then for five losing trades you may lose more than 30% (not just 25%) which must be a high risk one in my experiences. I know people who are setting different stoploss levels for different trades still waiting until five trades is not looking as a good approach to me.

Maximum two consecutive losing trades should be a limit if you really do not want to top up your capital more frequently. Just imagine if you make 4 consecutive losing trade and then making one profitful trade and then facing 5 more losing trade; do you think you will still have remaining capital for next day trading?

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for me it won't take long maybe I will come back in 1-2 days because I think losses are normal in trading and indeed if successive losses continue for several days maybe I try to control my emotions in other things that I like without me having to stop to continue trading. I think when the strategy that we have used gets a profit and then one day there is a loss in a row it is not the strategy that is wrong but self-control that we are unable to control to cause losses and usually happens when we are in greed, I have experienced this but I able to handle those emotions in other things that I like.

If you are able to control it you probably already have a lot of trading experience. It's not easy to manage emotions well when a trading strategy doesn't work.
the most important thing is also to do capital management, loss management so that it will not drag on in losses. If you can return the situation as before in 1-2 days of course it requires sufficient knowledge to perform technical and fundamental analysis. Losses will inevitably occur, but we must also minimize them and maximize profits.

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Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

Most trading strategies do fail during choppy market but succeed during trend (whether bear or bull). Once a trader identifies a trend, the least sensible thing to do would be to ride on it because doing otherwise will be financially suicidal. However, once any strategy begins to make a trader lose money, the best thing would be to take a break away from it in order to reevaluate it. It's not to completely abandon the strategy, anyway.

Well, as for the number of consecutive losses; five will be the alarming figure to make me take a pause.

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Quote from: freedomgo on December 23, 2021, 06:21:02 PM

Quote from: Kasabus on December 23, 2021, 03:37:00 AM

Quote from: sherenikaw on December 22, 2021, 05:25:10 PM

A good strategy in trading will help us avoid losses. Don't forget to upgrade your strategy so you can follow the market movements. a tradter should be able to determine for himself what to do whether it's a strategy or a moment to be able to avoid losses. for people who are still beginners, it would be better if you use a small capital first while learning to understand the market. do not be careless and in a hurry in trading because most people fail in trading because they are too hasty and not careful. do the best in trading as best we can and avoid the losses.

But even how good a strategy is, it will reach a certain time that its no longer effective so you have to level up your srategy or even build a new one that you think will definitely work and suit on you. And also, keep updated on the market trends and sentiments so you will know when is the best time to trade or not. As long as you don't lose most often like three times or more often than that, then your strategy is still worth using.

You are right. There is no stopping from learning in trading and level up your strategy because trading alone always depend much based on the current events and trends. And when the market becomes more unstable, it will be hard to trade and end up successfully. And it will help you from comitting losses if you have other backed up strategies that will still work on you when one strategy is already failing. I guess having losses more than three or four times is already unacceptable.

Learning would really be a limitless thing and as a trader then you should accept that fate whenever you do step your foot into this market because this isnt something simply that you could deal with.
Losses is always there but what important the most is that you do know on how to handle up yourself when it comes to these situations. Try to sustain yourself
which is the most important thing and dont mind about losses but try to minimize as less as possible.

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Quote from: Kasabus on December 23, 2021, 03:37:00 AM

Quote from: sherenikaw on December 22, 2021, 05:25:10 PM

A good strategy in trading will help us avoid losses. Don't forget to upgrade your strategy so you can follow the market movements. a tradter should be able to determine for himself what to do whether it's a strategy or a moment to be able to avoid losses. for people who are still beginners, it would be better if you use a small capital first while learning to understand the market. do not be careless and in a hurry in trading because most people fail in trading because they are too hasty and not careful. do the best in trading as best we can and avoid the losses.

But even how good a strategy is, it will reach a certain time that its no longer effective so you have to level up your srategy or even build a new one that you think will definitely work and suit on you. And also, keep updated on the market trends and sentiments so you will know when is the best time to trade or not. As long as you don't lose most often like three times or more often than that, then your strategy is still worth using.

You are right. There is no stopping from learning in trading and level up your strategy because trading alone always depend much based on the current events and trends. And when the market becomes more unstable, it will be hard to trade and end up successfully. And it will help you from comitting losses if you have other backed up strategies that will still work on you when one strategy is already failing. I guess having losses more than three or four times is already unacceptable.

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Quote from: carlisle1 on December 23, 2021, 03:48:34 AM

Quote from: Kasabus on December 23, 2021, 03:37:00 AM

Quote from: sherenikaw on December 22, 2021, 05:25:10 PM

A good strategy in trading will help us avoid losses. Don't forget to upgrade your strategy so you can follow the market movements. a tradter should be able to determine for himself what to do whether it's a strategy or a moment to be able to avoid losses. for people who are still beginners, it would be better if you use a small capital first while learning to understand the market. do not be careless and in a hurry in trading because most people fail in trading because they are too hasty and not careful. do the best in trading as best we can and avoid the losses.

But even how good a strategy is, it will reach a certain time that its no longer effective so you have to level up your srategy or even build a new one that you think will definitely work and suit on you. And also, keep updated on the market trends and sentiments so you will know when is the best time to trade or not. As long as you don't lose most often like three times or more often than that, then your strategy is still worth using.

There's no certain wit moving market. What you think is good for today might not work tomorrow,

trading is something that you need to keep enhancing your knowledge.

never ending levelling up of your knowledge to continue competing with this growing market, those who can handle losses the right way are the one who also manage to bounce back and recover, while to those who can't they are just leaving this business with regrets and frustrations.
Assess and observe, only step inside when you figure things the right way..

Right. Learning trading does not need to stop even if you think you already know much, instead it will always be a learning process that will keep on growing everyday. This helps to avoid losses more often because if you always level up your trading strategy, it will always work on you and will bring you more profits.

However, if you experience losses more often, better work on it and change your strategy if possible. But if you still keep on losing, i think you should take a break from trading and refresh your mind.

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Quote from: Kasabus on December 23, 2021, 03:37:00 AM

Quote from: sherenikaw on December 22, 2021, 05:25:10 PM

A good strategy in trading will help us avoid losses. Don't forget to upgrade your strategy so you can follow the market movements. a tradter should be able to determine for himself what to do whether it's a strategy or a moment to be able to avoid losses. for people who are still beginners, it would be better if you use a small capital first while learning to understand the market. do not be careless and in a hurry in trading because most people fail in trading because they are too hasty and not careful. do the best in trading as best we can and avoid the losses.

But even how good a strategy is, it will reach a certain time that its no longer effective so you have to level up your srategy or even build a new one that you think will definitely work and suit on you. And also, keep updated on the market trends and sentiments so you will know when is the best time to trade or not. As long as you don't lose most often like three times or more often than that, then your strategy is still worth using.

There's no certain wit moving market. What you think is good for today might not work tomorrow,

trading is something that you need to keep enhancing your knowledge.

never ending levelling up of your knowledge to continue competing with this growing market, those who can handle losses the right way are the one who also manage to bounce back and recover, while to those who can't they are just leaving this business with regrets and frustrations.

Assess and observe, only step inside when you figure things the right way..

Kasabus

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Quote from: sherenikaw on December 22, 2021, 05:25:10 PM

A good strategy in trading will help us avoid losses. Don't forget to upgrade your strategy so you can follow the market movements. a tradter should be able to determine for himself what to do whether it's a strategy or a moment to be able to avoid losses. for people who are still beginners, it would be better if you use a small capital first while learning to understand the market. do not be careless and in a hurry in trading because most people fail in trading because they are too hasty and not careful. do the best in trading as best we can and avoid the losses.

But even how good a strategy is, it will reach a certain time that its no longer effective so you have to level up your srategy or even build a new one that you think will definitely work and suit on you. And also, keep updated on the market trends and sentiments so you will know when is the best time to trade or not. As long as you don't lose most often like three times or more often than that, then your strategy is still worth using.

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I don't usually trade shorts. However, if any asset increases as per my expectation , I try to give it up. There are many times when there is a loss, but I try to keep the loss for the long tram and the loss handle basically depends on your balance and how much you are trading. Since it is a volatile market, I take loss as a part of trading.

Losses are definitely part of trading. However, if you see yourself keeping in losses like three times or more, i think that should call your attention. Although losses are inevitable, but lossing consistently means there is something wrong with how you trade, or your own trading strategy specifically. In this case, if you see yourself willing to learn more so you can do better, then change your strategy. But if you still end up losing your money again, i guess staying out from crypto trading will be better for you.

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Quote from: Fatunad on December 21, 2021, 05:59:55 PM

Quote from: livingfree on December 21, 2021, 05:38:26 PM

Quote from: Hobo66 on December 21, 2021, 12:15:57 PM

If a person start trading and all the time he lose his money then it will be difficult for him to recover his capital. Although the amount of money he hs choose is small but losing for several time may be cause the shortage of money and unfortunately he will take loan to start trading again otherwise to pause trading at that time is good option as no one has the ability to bear continuous loss.

Someone who takes a loan out of trading is out of his mind.

He losses and then will take a loan as an option? He's just adding another problem of his that won't solve his problem. What's next after the loan? He'll have faith that he's got the best trading skill and will avoid losing?

Avoid loan as much as you can because this would worsen up the situation so better not to consider this option because you would really be fucked up if ever you would lost again.
Handling losses will depend on someones experience because if hes enough experienced he wouldnt really mind that much or get stressed out but to move on and find
another way on making things looks right on next trades.You do need to sustain and need to survive no matter what because this is how this market works.

A bad idea and move.

I'm avoiding it as much as I can and if I don't have the budget then I just stop and won't trade at all. I can wait until I've got funds to trade again.

That's what it has to be done when you're trading and you're planning to take a loan.

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A good strategy in trading will help us avoid losses. Don't forget to upgrade your strategy so you can follow the market movements. a trader should be able to determine for himself what to do whether it's a strategy or a moment to be able to avoid losses. for people who are still beginners, it would be better if you use a small capital first while learning to understand the market. do not be careless and in a hurry in trading because most people fail in trading because they are too hasty and not careful. do the best in trading as best we can and avoid the losses.

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Quote from: jaberwock on December 22, 2021, 01:28:14 PM

Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

I think two times is enough for me. Can’t continue to lose the third and fourth time like some people said they would do. Nah, once I even lose the first time, I start looking for another solution, and see to it whether there is anything I have done wrong this time around and the second time is for me to confirm that I haven’t done anything different from the way that I have been doing things right from time, and it will be a confirmation for me that I have to try something else. So when it happens the second time, consecutively, I quickly change the strategy and look for another way to go for it.

How you would consider a loss in trading?

Is this something talks about overall losses in capital or losses on each order you do make? There are specific situations on which you do consider a lost.

We do each have those tolerance in all sorts of things.Some might able to hold for longer and some are really that impatient on stopping once they had reached out their limit of patience.

Trading losses cant really be avoided but somewhat can be lessen by means of someone's experience.

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Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

I think two times is enough for me. Can’t continue to lose the third and fourth time like some people said they would do. Nah, once I even lose the first time, I start looking for another solution, and see to it whether there is anything I have done wrong this time around and the second time is for me to confirm that I haven’t done anything different from the way that I have been doing things right from time, and it will be a confirmation for me that I have to try something else. So when it happens the second time, consecutively, I quickly change the strategy and look for another way to go for it.

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In my trading plan I always set myself on having 3 losses this is my rule to myself after that I will need to take some rest and take a deep understanding, analyzation and calculations with my previous trade it's not good to make a decision when you are mad or too much happy because of the profit always stick to the trading plan we don't want to lose most of our assets because of having a wrong decision. Remember the trading plan is a must.

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Quote from: lienfaye on December 21, 2021, 11:03:32 PM

Using the same strategy twice is enough to say if that particular strategy is effective to gain.

It depends on individual perception. For me, stopping a certain strategy after using it twice is too early. I will use it 4 times to know whether it is effective or not. There are many factors to trigger a certain strategy not working properly, including a sudden change in market trend. We cannot ignore that an extreme change in the market probably makes a certain strategy be failed.

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Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

Usually 3 in a row I stop that certain strategy and change it. Sometimes a certain strategy will not work even it is fit to the current situation, why? Because the market is volatile there are some instances that the market didn't go along with your prediction and will happen the unexpected. Good luck to your trades there's a lot of effective strategy out there that works on bearish and bullish market.

lienfaye

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Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

Using the same strategy twice is enough to say if that particular strategy is effective to gain.

If its not working anymore then its time to think of another strategy that can be effective. We dont need to stick in just one, we must have a plan B just incase.

Hence its better to have a plan rather than using a random strategy because its risky. Trading needs knowledge in order to do the right thing and to avoid losses as much as possible.

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Quote from: livingfree on December 21, 2021, 05:38:26 PM

Quote from: Hobo66 on December 21, 2021, 12:15:57 PM

If a person start trading and all the time he lose his money then it will be difficult for him to recover his capital. Although the amount of money he hs choose is small but losing for several time may be cause the shortage of money and unfortunately he will take loan to start trading again otherwise to pause trading at that time is good option as no one has the ability to bear continuous loss.

Someone who takes a loan out of trading is out of his mind.

He losses and then will take a loan as an option? He's just adding another problem of his that won't solve his problem. What's next after the loan? He'll have faith that he's got the best trading skill and will avoid losing?

Avoid loan as much as you can because this would worsen up the situation so better not to consider this option because you would really be fucked up if ever you would lost again.
Handling losses will depend on someones experience because if hes enough experienced he wouldnt really mind that much or get stressed out but to move on and find
another way on making things looks right on next trades.You do need to sustain and need to survive no matter what because this is how this market works.

livingfree

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Quote from: Hobo66 on December 21, 2021, 12:15:57 PM

If a person start trading and all the time he lose his money then it will be difficult for him to recover his capital. Although the amount of money he hs choose is small but losing for several time may be cause the shortage of money and unfortunately he will take loan to start trading again otherwise to pause trading at that time is good option as no one has the ability to bear continuous loss.

Someone who takes a loan out of trading is out of his mind.

He losses and then will take a loan as an option? He's just adding another problem of his that won't solve his problem. What's next after the loan? He'll have faith that he's got the best trading skill and will avoid losing?

Topic: How many consecutive looses can you handle in trading? - page 3. (Read 830 times)