Last night the market went against me and stopped out two of my trades.
That brings the monthly total to; 1 BE and 3 losses for a total equity draw-down of -5%. For me, this leads to doubt, and I start asking myself a lot of questions, such as;'Did I make stupid trades?', 'Am I over trading?', 'Were there clear signs that these trades would fail?' and so on.
I currently have 2 trades running that are in the profit, so not everything is going badly.
Tomorrow is NFP day, so I expect today to be a narrow range day, thus the need for patience.
Now is not the time for revenge trading or looking for a quick entry to make back my losses. Now is the time to let the market settle, and then react to the NFP report tomorrow, then close, then re-open on Sunday. Then it will be time to look at the charts and wait for a clear entry signal to form. In the meantime I can keep myself busy by analyzing the trades that failed, and reviewing charts to study SR, and entry signals.