EXAMPLE: What are the chances of getting a streak of 10 losing trades in a row at some point during the next 100 trades if I lose on average 50% of my trades?
Trades in series: Could be the number of trades you expect to take in a week, month, year, etc.
Length of streak: Number of uninterrupted back to back losses in a row
Loss probability: The odds of a single trade losing. Must be expressed as a decimal (60% is written 0.6)
Chance of occurrence: The probability of hitting the streak at ‘some point’ over the next series of trades