This week was very special because i had my first drawdown. I know it's part of the job and i was curious about how it would affect me and how my system would deal with this.
I had 5 losses in a row. At the 5th lost trade (Long EUR/JPY) i was filled with doubt about my trading technique. I could barely make a clean decision about my future trades. My mind was clouded with fear. That's why i decided to stop trading for the whole week. I think it was the right move to do.
Now thanks to my money management the drawdown was only 5.83% of my total account. In fact i was risking less than 2% in most of these trades. I was able to recover 67% of the drawdown with only two winning trades.
To conclude, i'm still too emotional about my trading. I need to detach emotionally from the money and accept losses as a part of the job. I know now that my system can take the beating and that i can rely on it even during the darkest hour.
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