Sounds almost morbid doesn't it?

Well, maybe it is....but losses are a fact of life and your

ability to take them systematically without fault

is key to your long term success.

You see, every system ever designed and traded has suffered

losing trades and most have had several losing trades in a

row. Even short term systems that purport a high percentage

of winners will hit periods of 3-4-5 losses in a row.

If you stop taking the signals, then your guaranteed to lose

and never get back your money. Ironically, after a losing

streak, is when a system will normally bank a series of winners

or the one big profit trade.

So the next time you find yourself mired in a drawdown, take

some satisfaction in knowing that losing periods happen

to everyone and that if you stay disciplined, your method will

most likely carry you through it. Realize that the pressure

you feel to quit, is the pressure that every trader feels

at some point and it's how you handle that pressure that defines

your ultimate success. Winners trade through it and losers don't,

it's just that simple in most cases.

Now please, the above discussion is based on the assumption you have a sound trading method and you implement proper risk management. If you don't have those two variables nailed down, all the persistence in the world will not help you.