Is not taking a loss nor is it a drawdown. It is not even a position gapping against you. The true definition of pain is having a system that shoots out 2-5 signals a year and not taking each and every one of them. My SPX system shot out an extreme BUY on Monday on the close when it was at 1407. While sitting in some mildy profitable positions I decided to not sell anything to take this one and buy ES after the close. My cold hard reality is that a marginal year could have been turned into an outstanding year with one trade. If I only traded this system I would make about 200 points a year. And now I have missed half that. Complacency is my enemy... So lesson shared here is take every f`n signal you get... Mondays close 1407 Todays last tick 1484 Good trading to you all!