trading performance Archives • Futures Day Trading Strategies

Posts Tagged Under: trading performance

When do losing streaks end? What is the gambler’s fallacy?


losing streaks

Losing streaks happen to every futures trader. However, Variance drives trading performance and influences the way traders think and act. Variance means account volatility, and it describes how the outcome of your trades impact your account development.

In trading, results can’t be forecasted, and you will never know when you enter a winning or losing streak, or how long it will last once you are in it. Therefore, understanding variance and how wrong assumptions can lead to significant underperformance is of great importance to traders.

Gambler’s fallacy

The gambler’s fallacy describes a phenomenon when people misjudge the likelihood of events. If something happened more frequently than you’d expect it to happen under normal circumstances, people then mistakenly believe it’s going to happen less often in the near future.

For example, if you play roulette and red come up four times in a row,

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How to stay in control as a futures trader


As a trader, you are dealing with the unknown every day; you have to accept the randomness of your results and you have no control over the way price moves – no matter how hard you try. Additionally, many traders think its “unfair” when you are up against the large hedge funds, billion dollar banks and sophisticated prop firms.

But are you really that helpless? Is the advantage that those established market participants have so huge that retail traders have no chance in this business?

The following 5 points attribute to your trading edge significantly and by fully understanding what they mean, you can potentially make better trading decisions. As a trader, you have to be in control at all times, take full responsibility and act on your ideas with confidence.

The things that are in your control


#1 When you trade

This is the greatest advantage retail traders have; you don’t have to do

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EdgeWonk Trading Analysis Software For Futures Traders

This Optimus Futures Opinion of EdgeWonk

In the last few years, we have been asked a number of times to assist with Futures and Forex Trading Analysis Software. There are a number of analysis tools, yet the challenge is to find software that could accommodate futures traders of all levels.  We have decided to add Edgewonk to trading analysis software.

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please consider carefully whether such trading is appropriate in lieu of your financial situation. Optimus Futures was not paid nor is it compensated in any way 

In our opinion, a trading journal is probably the most recommended trading software for any serious trader. Whether you read a trading book, a trading website or talk to professional traders, a trading journal and a way

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