03/07/2024 05:04 PM Multiple Losing Streak Calcula

#Trades
Probability of 'No' Consecutive Losses in 100 Trades
100

No' ' Results of Calculation

2 3 4 5 6 7 8 9 10 11 12
PLoss
5% ### ### ### ### ### ### ### ### ### ### ###

10% ### ### ### ### ### ### ### ### ### ### ###

15% ### ### ### ### ### ### ### ### ### ### ###

20% ### ### ### ### ### ### ### ### ### ### ###

25% ### ### ### ### ### ### ### ### ### ### ###
L
o 30% ### ### ### ### ### ### ### ### ### ### ###
s
i 35% ### ### ### ### ### ### ### ### ### ### ###
n
g 40% ### ### ### ### ### ### ### ### ### ### ###

P 45% ### ### ### ### ### ### ### ### ### ### ###
e 50% ### ### ### ### ### ### ### ### ### ### ###
r
c 55% ### ### ### ### ### ### ### ### ### ### ###
e
n 60% ### ### ### ### ### ### ### ### ### ### ###
t
a 65% ### ### ### ### ### ### ### ### ### ### ###
g
e 70% ### ### ### ### ### ### ### ### ### ### ###
s
75% ### ### ### ### ### ### ### ### ### ### ###

80% ### ### ### ### ### ### ### ### ### ### ###

85% ### ### ### ### ### ### ### ### ### ### ###

90% ### ### ### ### ### ### ### ### ### ### ###

95% ### ### ### ### ### ### ### ### ### ### ###

"As humans we do not come equipped to deal with the variety of

randomness that is around us every day. Many professions deal with "It is a truth very
making processes & things work reliably. We are taught to strive for certain that when
perfection, for high scores in school & in sports. This can be a it is not in our
handicap to traders. There is no perfection in trading. Instead traders power to
must put probability in their favor."
 "As humans we do not come equipped to deal with the variety of
randomness that is around us every day. Many professions deal with "It is a truth very
making processes & things work reliably. We are taught to strive for certain that when
perfection, for high scores in school & in sports. This can be a it is not in our
handicap to traders. There is no perfection in trading. Instead traders power to
must put probability in their favor."

Trader:- Larry Sanders Discourse on Method:- Desca

"Any of the best traders (the probability thinkers) could have just as
much negative energy surrounding what it means to be wrong as the
typical trader. But as long as they legitimately define trading as a
probability game, their emotional responses to the outcome of any
particular trade are equivalent to how the typical trader would feel
about flipping a coin, calling heads, and seeing the coin come up
tails." Trading Coach:- Mark Douglas.
Losing Streak Calculator DayTradingLife.com "Pro Trader Series."

Tables' Probabilities Legend Multiple

"ALMOST" CERTAIN (>99.995%)
s in 100 Trades
HIGH ( >50% & <99.995%) *NOTE* USE THE QUICK CALC To
MEDIUM (>0.005% & <50%)

VERY UNLIKELY (<0.005%) Los

No
13 14 15 Losing Streak - Quick Calc 2 3 4 5
Runs
### ### ### Enter Yellow Cells Only' 1 ### ### ### ###

### ### ### # Trades 1,000 2 ### ### ### ###

### ### ### Losing Streak 'No' 5 3 ### ### ### ###

### ### ### Loss Probability % 45.00% 4 ### ### ### ###

### ### ### Results For Losing Streak Lengths Of (5) 5 ### ### ### ###

### ### ### 1 Or More Streaks #VALUE! 6 ### ### ### ###

### ### ### 2 Or More Streaks #VALUE! 7 ### ### ### ###

### ### ### 3 Or More Streaks #VALUE! 8 ### ### ### ###

### ### ### 4 Or More Streaks #VALUE! 9 ### ### ### ###

### ### ### 5 Or More Streaks #VALUE! 10 ### ### ### ###

### ### ### 6 Or More Streaks #VALUE! 11 ### ### ### ###

### ### ### 7 Or More Streaks #VALUE! 12 ### ### ### ###

### ### ### 8 Or More Streaks #VALUE! 13 ### ### ### ###

### ### ### 9 Or More Streaks #VALUE! 14 ### ### ### ###

### ### ### 10 Or More Streaks #VALUE! 15 ### ### ### ###

### ### ### 11 Or More Streaks #VALUE! 16 ### ### ### ###

### ### ### 12 Or More Streaks #VALUE! 17 ### ### ### ###

### ### ### RESULTS:- ARE All LOSING STREAKS 18 ### ### ### ###

### ### ### CLEAR QUICK CALC DATA 19 ### ### ### ###

"There is a random distribution between wins &

t is a truth very words, based on the past performance of yo
winners and 8 will be losers. What you don't
ertain that when
market is going to make available on the winni
it is not in our When you really believe that trading is simpl
power to “lose“ no longer have the same significan
 "There is a random distribution between wins &
t is a truth very words, based on the past performance of yo
winners and 8 will be losers. What you don't
ertain that when
market is going to make available on the winni
it is not in our When you really believe that trading is simpl
power to “lose“ no longer have the same significan

iscourse on Method:- Descartes. Trading Coach:- Mark Dougl

Dist
This document maybe be republished & distri
determine what is DayTradingLife
true we ought to "We Just Trade People's Belief's About
For any futher information pl
follow what is The Market. A Game Of Chance?
Certainly A Game Of Probability; Copyright © 2011-2012
most probable." Probably!"

Trader: Dow-Boy " I Wish You Well In Yo

rader Series." TraderDowBoy@gmail.com
Multiple Losing Streaks Matrix

* USE THE QUICK CALC To Generate the 'Multiple' Losing Streak Matrix:

Losing Streak Number

6 7 8 9 10 11 12 13 14 15

### ### ### ### ### ### ### ### ### ###

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ribution between wins & losses for any given set of variables that defines an edge. In other
past performance of your edge, you may know that out of the next 20 trades, 12 will be
e losers. What you don't know is the sequence of wins & losses or how much money the
e available on the winning trades. This truth makes trading a probability or numbers game.
eve that trading is simply a probability game, concepts like “right”& “wrong“ or “win“ &
have the same significance. As a result, your expectations will be in harmony with the
possibilities.
 ribution between wins & losses for any given set of variables that defines an edge. In other
past performance of your edge, you may know that out of the next 20 trades, 12 will be
e losers. What you don't know is the sequence of wins & losses or how much money the
e available on the winning trades. This truth makes trading a probability or numbers game.
eve that trading is simply a probability game, concepts like “right”& “wrong“ or “win“ &
have the same significance. As a result, your expectations will be in harmony with the
possibilities.

ng Coach:- Mark Douglas; Taken From His Book:-'Trading In The Zone.'

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" I Wish You Well In Your Journey & In our Trading." - Dow-Boy.