How Do You Manage Your P&L?

The more you can keep that drawdown low is the hugest selling feature out there. You put up three, four, five winning trades, then increase your size back. If you do all those trades and you're only losing like nickels and dimes, it gives you so much more opportunity to emerge from that quicker without having done any real lasting damage to your mindset. So whatever system you're trading, whatever chart pattern you're looking at, whatever setup you're doing, make sure you're prepared,. preferably the night before and know exactly where you're going to get out"