Well… we recon Norms right on the money here with his suggested guidelines but we also acknowledge that sometimes in the real world of trading things can get worse.
Keep Drawdowns to a Minimum – Week 71
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This week I discuss 3 major keys to being a Disciplined Trader and how they all tie together. The first key is to have a positive expectancy and the way you maintain that positive expectancy is by keeping drawdowns to a minimum (the second key). The last key is to control your risk which will in turn keep your drawdowns to a minimum and help you maintain a positive expectancy. See how everything works together to keep you focused and disciplined in your trading?
We also recon that his sugested trade management in the 2 or 3 bars after entering a trade is worth serious consideration
We find Norms 4 minute drills really great
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