Thanks to Peter Brandt for sharing his wisdom with traders all over the world. As you know Peter is featured in our Guru list and is recognized by us as one of the most talented and great traders. Traders talk a lot about drawdowns. But what are they exactly? How are they measured? What do they mean? Can they be prevented? If not, how does a trader deal with them. In the world of futures and forex trading, drawdowns are measured based on month-end to month-end net asset value (or nominal account value). I know a number of traders who will measure drawdowns on a week-ending basis. I really do not know many traders who ... (full story)