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Added for You - Trading with Root Cause Analysis
Corporate identities are very important in this competitive world of ours. It is through the corporate identity that the core values of an organization are identified. It is not only the big companies that need corporate identity; the small business owner
When you have reached the root cause you have one more question. How do I avoid this root problem.
If it is a emotional problem maybe, you need to work to become more self aware of the feelin
The job of pharmacy technicians is usually a well rewarded one. With the increase in diseases and hospitals, pharmaceuticals industry has had an unprecedented boom and pharmacy technicians enjoy a large part of that boom. Pharmacy technicians have wide oppo
Root cause analysis is another tool that traders could benefit from. I know that some of these things do not seem trading related, but you can improve results with them. When all is said and done results are what matter anyway.
On your pareto chart you have identified weaknesses in your trading style. Root cause analysis is how you start to fix them.
First we need to identify the most prominent cause of failed trades. Once this is identified you will need to write it at the top of a separate sheet of paper. Below this you will ask a question. What caused this reaction? Then you list the answer. Now ask yourself the same thing about this new answer. List it. You will continue to ask yourself this for each new answer, until you cannot come up with an answer. Generally, you will only be able to go about 3-5 levels deep. This is your root cause. This is the start of the path that leads to the losing trade.
When you have reached the root cause you have one more question. How do I avoid this root problem.
If it is a emotional problem maybe, you need to work to become more self aware of the feeling
If you asked me to point to the heart and soul of a startup company, I would not say it’s the people, the culture, or even the product. I would say it’s the pitch. The pitch is that one message that, when delivered, makes people say “wow, that’s a great ide
On your pareto chart you have identified weaknesses in your trading style. Root cause analysis is how you start to fix them.
First we need to identify the most prominent cause of failed trades. Once this is identified you will need to write it at the top of a separate sheet of paper. Below this you will ask a question. What caused this reaction? Then you list the answer. Now ask yourself the same thing about this new answer. List it. You will continue to ask yourself this for each new answer, until you cannot come up with an answer. Generally, you will only be able to go about 3-5 levels deep. This is your root cause. This is the start of the path that leads to the losing trade.
When you have reached the root cause you have one more question. How do I avoid this root problem.
If it is a emotional problem maybe, you need to work to become more self aware of the feelin
A storeowner told me a story recently that I think probably every storeowner has dealt with at one time or another. He has a very liberal return policy. If something is wrong with an item, he will make it right, period. He is that kind of guy. His philo
When you have reached the root cause you have one more question. How do I avoid this root problem.
If it is a emotional problem maybe, you need to work to become more self aware of the feelin
Designing a Better System for Search Engines and Information Distribution, information and knowledge are power. Having run out of things to study today, I thought about Researching and Research. Here are some observations on R and R. If you owned a body sho
When you have reached the root cause you have one more question. How do I avoid this root problem.
If it is a emotional problem maybe, you need to work to become more self aware of the feelin
As in any aspect of life, if you want to get somewhere, you have to know where you are going. Otherwise, you get the results you've always gotten and wonder why things never change.The same is true when designing training programs. In my field of per
When you have reached the root cause you have one more question. How do I avoid this root problem.
If it is a emotional problem maybe, you need to work to become more self aware of the feeling that starts a process of bad decisions. When this feeling starts to erupt, just exit your positions and and stop trading for the day. It is better not to trade, than trade and lose.
If the problem is psychological, maybe you need to find a routine that works for you.
A good example of this is a baseball pitcher. A major league pitcher has all the physical requirements, or he would not be in the majors. Some pitchers have been known for having quirky routines they go through on each pitch. There are some pitchers who have had terrible seasons because they lost something in their routine. Their physical attributes have not changed, only their mindset. Their routine is only psychological, but the results of it being off are all to real.
Of course, if it ends up being the system the fix is obvious, scrap it.
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