I've coached a lot of traders who lost money, and almost none of them lost it because their strategy was bad. They lost it because they abandoned a decent strategy the moment it produced two or three losses in a row.

Here's the pattern I see over and over:

1. Trader backtests or papertrades a system, sees it work.

2. Goes live. First loss hits — fine, expected.

3. Second loss hits — starts questioning the system.

4. Third loss hits — abandons the plan mid-drawdown and starts revenge trading or switching strategies entirely.

5. The replacement strategy never gets a fair sample size either, because the same thing happens again.

The fix isn't a better indicator. It's treating your strategy like a statistical edge with a known drawdown range, not a prediction that has to be right every time. If your system has a 55% win rate, a 4-5 loss streak isn't a signal something's broken — it's Tuesday.

Two things that actually moved the needle for the traders I work with:

• Pre-defining max consecutive losses before you're 'allowed' to reevaluate (not react to) the strategy — usually 15-20 trades, not 3.

• Journaling the emotional state at entry, not just the setup. Most blown accounts have a visible pattern of entries taken out of frustration or FOMO, not the plan.

If you're in a drawdown right now and thinking about switching everything up — that's usually the exact wrong moment. Curious what's worked for others here.