FX traders have to deal with a lot of changing environments and frequent decisions during the normal course of a trading day. How many times have you said to yourself “I know it’s going backup” or “I’ll average down just this once” or “They’re coming for my stop, I’ll move it down a little so they don’t get me”. All are valid decisions in your mind at the time. How about those times when you’ve taken a small drawdown just to find you don’t have the courage to pull the trigger on the next setup because you’re afraid of losing 5-6 in a row. Did you know statistically you have a 25% chance of losing 7 in a row?