First post here - Question on managing drawdowns emotionally
Hey everyone, just joined Traderforum. Been dabbling in the markets for about a year now, mostly active in FX ($EURUSD, $GBPUSD) and some crypto ($BTC). I've learned a ton about technical analysis and risk management on paper, but I'm finding the emotional side of drawdowns to be a huge challenge.
I can size my trades correctly, have my stop losses set, and know what my maximum risk per trade is. But when I hit a streak of losses, even if they're within my predefined risk parameters, I find myself questioning everything and sometimes even deviating from my plan out of frustration or a desire to 'make it back quickly.' It's a cycle I'm trying to break. For those of you who have been trading for a while, what strategies or mental frameworks do you use to stay disciplined and objective during periods of sustained drawdown?