Bedsit, just a quick reply, got to get out...I really struggled early days with losses, I hate losing at anything, (unless its to the kids
![Wink ;) ;)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
) pathetic but there you go..
Anyhow I kept searching for a strat/ to develop an edge that could be perfect, zero losses..madness. I'd have 5 winners in a row and would then be bricking it waiting to take the inevitable loss..and like you it felt painful..
You have to accept that they (losses) will happen, it's normal, it is part of the game, you canot avoid them even if you're only looking to scalp a pip or two..
IMHO what you should be taking pride and satisfaction in is the fact that your MM appears sound, however, is 2% loss per day too strict, perhaps you need to widen it? Fwiw 6% is my tolerance day trading 3 pairs on the small TFs, can be bigger on the swing trades as I can have a running PL slightly bigger, both strats based on 1% risk per trade. However, that's now based on 3 years of full time trading *knowing* that if I stick to the plan then the clever- stupid balance will be restored..
Just remembered a thought that use to help me early days when day trading only, I used to remind myself that the worse that could happen; based on taking an average ten trades per day off 3 pairs, was 5% loss (I was at 0.5% risk per trade). Now if you get ten losers in a day, trading the same method, it's either a weird disaster or the strat is beserk. Worst was generally losing 3%, 7 losses 3 wins.
One other thing, take less risk per trade until you reach a point where you are comfortable with the loss, lots of guys go back to mini/micro lots when they're in a hole, you can open micro accounts with fxcm and risk the equivalent of ten cents per pip..