UPDATE: DRAWDOWN IS NOW 45% Feeling doomed to be honest can't remember my last real win in the markets. 45% Is beyond crazy so I am going back to paper trading until the end of the month at least to see if my edge is gone or my mind is.
or just quit that is the easy thing to do most don't actually quit they just finally run out of money but yeah, that's the way I trade. When it gets hard I just quit or take the other side.
This is why stops are to be used and no more than 2 percent of Total Liquid Net Worth is to be risked on any one trade/idea. You have done this to yourself. The market has played no role in your demise.
I would strongly recommend that you reconsider the notion that somehow stops are going to save your ass
I have been paper trading the past few hours but it confirmed that my actual strategy is not the problem but my fear of losing is. After trading a few hours I pulled out 30% LOL given I was 10X my normal leverage so it would have been 3% in my real account. But 3% each day risking under 1% over a number of weeks and I have my original capital back in no time. Spreading risk over a number of trades seems like the game plan, very little leverage to reduce fear clouding my judgement. Just like I said above I called a large GBP drop and JPY drop but I chickened out and cut the trades. About 350 pips missed due to fear of losing more. 350 pips would mean about 15 -70% to my account. I really need to be more mechanical in my execution and stop second guessing myself.