I can confirm it works for the loss farmer.
In December I was really tired of wasting time in long battles, so I decided to start farming losses that day. I came across a sloop who sank me for the third time. In our fourth encounter he didn't shoot me and boarded my ship to start a conversation, he asked me why I didn't fight back and I answered that I didn't have confidence in my skills, and the game didn't recognize my efforts, so why would I try if I would sink anyway? He told me that I would necer get better if I don't try. At first I kept telling him that it would take me a long time to improve and until then loss farming would be more efficient that try and still lose. He invited me to his sloop, yes, he invited me, I didn't ask to be invited, and he said he wanted to help me to improve. So I joined his crew, and as soon my game loaded (just reloading the same server) we became a duo sloop and my previous sloop sank because there was no opposing players, so it counts as the enemy forfeiting the match but I got the a winning streak of 2 (I joined his streak) and got the hourglass. The next couple of hours we were duo slooping and we lost 2 matches and won 5, we managed to get a streak of three. I am glad that he invited me and decided to help me improve, because that boosted a bit my confidence, and I stopped loss farming.
To be honest, if it wasn't for that guy I would be loss farming right now but my skill would be at the same low level.
Then a few weeks ago I met someone on the forums who helps me sometimes and I am glad he is also teaching me how to improve. I have a long way to go, and I am still a bit below average, but at least I managed to get out of the bottom hole.