We don’t check our balances nearly as often in a draw down. The excitement is tamped down. One tends to just stay the long path by looking away and zooming out. I remember my first big one was a 40% drawdown in Nov of 2017. Felt it in my gut, and only had 10k in play. 10k was everything I had and more. Retracements always suck, but even when climbing mountains one may need to climb down through a draw for a time. Comes with the territory. After that 40% slide formed a bottom over the course of a couple weeks it 5x’d from there. Went from $3k to $19k. It’s a wild experience in the market mountains.
