Failure is the mother of success. Yesterday, I experienced the largest drawdown in history. The actual trading curve plummeted from a steep 90-degree angle into the abyss. After turning a profit of 30,000 USD into bubbles, I ended up losing another 30,000 USD. A drawdown of 60,000 USD was vividly reflected on a one-minute line. This level of volatility is something I've never encountered in my five years of trading. Suddenly, I remembered the phrase from 'Reminiscences of a Stock Operator': 'There is nothing new on Wall Street.' The market is always creating new traps, and the hunter will always step into the one they are most familiar with.
I opened the actual trading record document and created a new page, typing the first line of the title: 'Daily Maximum Drawdown Review.' Trading is a game of probabilities; as long as the principal is still on the table, there is still a chance. Control greed and desire, regain composure, and fight again. Together with all the traders who are licking their wounds — what we really need to overcome is always that version of ourselves from yesterday, sitting in front of the screen.