( Fx - Indices - Commodities ) Personal trades, signals, forecasts and news. Trying to filter out the noise. 'Markets bottom in Silence and Top with Violence.'
You’re not thinking that “the more consecutive losses you take, the higher the probability of winning the next one becomes,” are you?
That mindset is gambler’s thinking, and you should stop.
It reinforces the belief that “losses are something to be endured, and wins are the reward that comes afterward”.
The outcome of the single trade in front of you has nothing to do with the previous outcome.
Probability does not remember prior results.
It won’t “take pity” and say, “You’ve been on a losing streak, so it’s about time I let you win”.
The moment you start thinking about whether you’ll win the next one, your evaluation criteria shift to wins and losses.
What’s healthy is only the thought, “Next time, I’ll trade according to my rules”, and the fact that those rules have been thoroughly tested and practiced in advance across a large sample size.
@great_martis Answered my own question: If the two most active contract months for silver futures trade at their price limit $1.50 up or down for a period of two minutes, it triggers an exchange-wide pause. This event typically results in a 15-minute trading