In my early days I came across a trader who told me in a private talk over skype that he would win every 7th, 8th, 9th, 10th or 11th trade. I was astounded ... and he claimed that he still won the market. Later on, he described that he was a trend trader ... and whenever market was in a tight range he will prepare for the trend to begin ... build a bias, check with his tools and open a trade everytime market took a start, it would fail and drop down ... his stop loss would be hit, he would try again on the next upsurge and fail ... on any number of try the trend would carry ... and not only bring all his losses back but then win him more to make his statement in black. I was surprised and dumbfounded by his logic but practically and on calculation basis he was right ... that too is possible. Even 10 trades with consecutive losses with 10 pips stop loss amount to 100 pip loss on the whole ... but one winning trade that goes 250 pips in favor would not only bring back those 100 pips but also 150 in profit. Figure it out for yourself.