Drawdown is something . . .

For me, trading is all about mastery: the mastery of markets’ complexities and the numerous challenges of self-mastery. From the perspective of mastery, every drawdown is something to be embraced. Drawdowns tell us that we have lapsed, either in our market mastery or in our self-mastery. Perhaps markets have shifted regimes and are responding to new factors, perhaps we have failed to remain consistent in the best trading practices that generate ideas, translate them into trades, and manage those positions. Either way, losing money has a purpose, to make us better. It does not have to be a threat to self-esteem, it can be an opportunity to expand and grow oneself.