Personally I think this article gives excellent advice and I am working hard at the mental side of this. My view is as long as I convinced that my strategy is a winning one over the long term, daily and even weekly blips are to be expected. The most difficult thing is to sit out days when there is little activity and also not to go back in during a loss day and try to repair the damage by taking on silly trades. Long term thinking I think is the best way to win at this game. Over the long term as long as I have more winners than loosers I am happy. I would be delighted to get approx 53% of my trades winners, so I expect many down days in the process. The way I see it is that a loosing streak is to be expected but this is good because a move to a winning streak is getting closer. I think the key may be to make sure the winning trades have a higher pip count than the loosers and I think this is an important element to any succesful strategy.

You mentioned "Did I follow all my rules?" "Did I execute every trade that my system said I should execute?" If you answered yes to both of these questions, pat yourself on the back. It doesn't matter that you ended up with a loss." However, I can hardly imaging the loss does not matter - I am new to the business and psychologically - loss does matter and I can hardly take loss lightly. Loss is the KEY to reviewing that plan and strategy. Journal the loss, note if this plan and strategy continues to cause loss and revise as necessary. To pat myself on the back and believe the loss does not matter is to discount the learning lesson buried in the loss. As a newbie Trader - evaluating my strategy is super crucial, and evaluating my losses are even more so. First of all, from a psychological standpoint - I keep noting my emotions on the wins and the losses to work my way to that stabilized place where I can do it without the fluctuation extremes that your so clearly document is a common thing for many in this business. I also try to psych myself to keep going in light of a loss, and I also psych myself into that AHHHMMMMM where I can trade as objectively as possible, trade after trade - regardless of the previous trades win or loss. This loss business is huge. Too many losses and any person MUST re-evaluate if (a) they are in the right business, (b) if they are in the right frame of mind during the business and (c) if their strategy needs future revamping. Thanks for letting me vent!!!! Now, back to my meditative yoga pose..... AAAAAAHHHHHHHHMMMMMMMMmmmmmmmmmmmm.....