: Set clear return targets and maximum acceptable drawdowns.
: Create objective rules for market selection, entries, and exits. Trade Your Way to Financial Freedom
: Assess your personal strengths, weaknesses, and time availability. : Set clear return targets and maximum acceptable drawdowns
: A system for measuring profits and losses relative to your initial risk (R), allowing for clear performance comparisons across different strategies. Trade Your Way to Financial Freedom
The book introduces several mathematical and psychological frameworks to evaluate trading performance: