My story: I've been trading futures for about a year with mixed results ar best. Recently, I've been practicing a trading system for a good 4 months and let me tell you, I ROCK the sim account. Ok great, so finally I go live and what happens? I have 2 winning days and 5 losing ones. Bad!!! Where do I go wrong? It's not the system's fault (nothing to do with slippage and whatnot), it's mine. My problem is that I can't take a loss. I basically go to pieces mentally and suddenly I am taking ridiculous trades that lose, compounding my loss. I can hardly even believe how fast I leap into a bad trade after having taken a loss. I feel particularly frustrated as I KNOW I can do better. I need to find a way to maintain a good mental state in the face of thr inevitable trades which don't work out. In fact, here are the pressures which give me difficulty: -taking a loss -thinking about taking a trade, hesitating, watching price move as anticipated and feeling like I'm "missing the move" -trying to anticipate a turning point, jumping in too early -taking a loss and still feeling like I need to "make it up" the next time I trade. In other words, it's still on my mind. Amazing how much of a mental game this is! I would greatly appreciate any insight or suggestions from others who have gone through this. I must conquer this problem otherwise I will never be a successful trader. Thanks in advance.