HI guys,
Even though everybody has them, most don't want to talk about them or even admit it. Just for that reason I thought this might be a good topic for discussion.
So you are in a draw down, the things that were working are all the sudden not working. Has the market changed? Do you stick to your plan? If you stick to you plan how much draw down can you accept before you have to stop? Reduce size? What do you do?
Currently I am trying to work through these issues myself with a fairly significant draw down. I have been here before and will probably be here again. My first few encounters inevitably led me to all of the psychological pit falls of a draw down and ultimately blown up accounts. Today I accept that they are a part of trading and the only way I am going to get out of this is to grind my way out with a very specific plan.