What's the Drawdown of Every Trading Style?

Every style of trading will in fact have a drawdown. The problem is if you're doing everything on a discretionary basis and one day you want to trade like Tony Saliba and do butterflies and broken-wing strategies, no problem. There's a paper out there that I think Tom Basso wrote that said you how you want to buy a CTA when they're in a drawdown because that's kind of like buying on a pullback.