{"id":387858,"date":"2024-08-23T20:01:17","date_gmt":"2024-08-23T14:31:17","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=387858"},"modified":"2024-08-23T20:01:18","modified_gmt":"2024-08-23T14:31:18","slug":"how-can-traders-use-streaks","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/varsity\/how-can-traders-use-streaks","title":{"rendered":"How can traders use streaks?"},"content":{"rendered":"\n<p id=\"ember468\" class=\"ember-view reader-text-block__paragraph\">You might have often come across news headlines about market streaks.<\/p>\n<ul>\n<li><em>Sensex, Nifty snap 3-day losing streak, rebound amid global rally<\/em><\/li>\n<li><em>Benchmarks snap 5-day streak, Nifty settles below 24,750, VIX climbs above 14<\/em><\/li>\n<li><em>Nifty snaps 5-day winning streak, Bank Nifty continues to underperform<\/em><\/li>\n<\/ul>\n<p id=\"ember470\" class=\"ember-view reader-text-block__paragraph\">What is a Streak? It is an uninterrupted set of up or down moves. If Nifty 50 closes up for two days or more, it is a streak. The same is true on the downside, too. Streaks are interesting and mostly rare.<\/p>\n<p id=\"ember471\" class=\"ember-view reader-text-block__paragraph\">Of the 6248 trading sessions since 1999, only 14.4% of the Nifty did an up move for three consecutive days. And only 11.7% times it did three consecutive days of down move.<\/p>\n<p id=\"ember472\" class=\"ember-view reader-text-block__paragraph\">However, can you base your trades on streaks?<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-387868\" src=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streaks.png\" alt=\"\" width=\"2200\" height=\"1400\" srcset=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streaks.png 2200w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streaks-300x191.png 300w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streaks-1024x652.png 1024w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streaks-768x489.png 768w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streaks-1536x977.png 1536w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streaks-2048x1303.png 2048w\" sizes=\"auto, (max-width: 2200px) 100vw, 2200px\" \/><\/p>\n<p id=\"ember474\" class=\"ember-view reader-text-block__paragraph\">Should you buy after a positive streak, expecting the market to continue higher?<\/p>\n<p id=\"ember475\" class=\"ember-view reader-text-block__paragraph\">Or should you buy after a negative streak, expecting the market to reverse?<\/p>\n<p id=\"ember476\" class=\"ember-view reader-text-block__paragraph\">Perhaps not!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-387867\" src=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Buy.png\" alt=\"\" width=\"2200\" height=\"1400\" srcset=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Buy.png 2200w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Buy-300x191.png 300w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Buy-1024x652.png 1024w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Buy-768x489.png 768w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Buy-1536x977.png 1536w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Buy-2048x1303.png 2048w\" sizes=\"auto, (max-width: 2200px) 100vw, 2200px\" \/><\/p>\n<p id=\"ember478\" class=\"ember-view reader-text-block__paragraph\">Buying after a positive streak might work if you ignore transaction costs and taxes. After the trading costs and taxes, there is barely any profitability left. However, expecting a reversal after a losing streak doesn\u2019t seem promising.<\/p>\n<p id=\"ember479\" class=\"ember-view reader-text-block__paragraph\">What if you sell after a long positive or negative streak? Historical evidence isn\u2019t encouraging about that, either.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-387869\" src=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Sell.png\" alt=\"\" width=\"2200\" height=\"1400\" srcset=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Sell.png 2200w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Sell-300x191.png 300w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Sell-1024x652.png 1024w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Sell-768x489.png 768w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Sell-1536x977.png 1536w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/08\/Nifty-Streak-Sell-2048x1303.png 2048w\" sizes=\"auto, (max-width: 2200px) 100vw, 2200px\" \/><\/p>\n<p id=\"ember481\" class=\"ember-view reader-text-block__paragraph\">While streaks are rare and hence get reported on, they are not very useful for a trader.<\/p>\n<p id=\"ember482\" class=\"ember-view reader-text-block__paragraph\">Read the <a class=\"app-aware-link \" href=\"https:\/\/zerodha.com\/varsity\/module\/technical-analysis\/\" target=\"_self\" rel=\"noopener\" data-test-app-aware-link=\"\">Technical Analysis<\/a> module on Zerodha Varsity to do informed trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is a Streak? It is an uninterrupted set of up or down moves. Can you base your trades on streaks?<\/p>\n","protected":false},"author":242541,"featured_media":387870,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[929,477],"tags":[1053,1050,1051,806,838,1052],"class_list":["post-387858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-varsity","tag-losing-streak","tag-nifty-50","tag-streaks","tag-trading","tag-trading-strategies","tag-winning-streak"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How can traders use streaks? &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"What is a Streak? 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