Trading is:
not Economics but Crowd Psychology.
not Accounting but Risk Management.
not Analysis but Decision-Making.
not Science but Performance Art.
not Gambling but Gaming.
not something learned in a few short weeks, but over many years and mastered over a lifetime.
@saurabhanand49@sanjufunda @the_rich_trader @vivekthebaria@AnandableAnand I think one should use Returns / Avg DD rather than Max DD in formula. Higher expectancy systems will have huge divergence between Max DD and Avg DD. If this criteria is satisfied, then next comes length of drawdown. Smaller the DD length, better will be system.