Tackle Today: Improving your trading business 👍
August 1, 2018
Like in any other business, there is always room for improvement. Improving your trading business is a habit we strongly recommend you build over time.
You don’t need to be a Peter Drucker disciple or master Porter’s Five Forces Framework. There are a couple of things you can do that will make it more organized and efficient, thus improving your overall performance. Here are four of them:
– Study automating some tasks – Advanced orders, price alerts, delta alerts, advanced scripting, use whatever you feel comfortable to automate some of your trading system’s rules.
– Learn the trading platform – The trading platform is to a trader what an aircraft dashboard is to a pilot. You have to master it in order to become a skilled professional.
– Study the assets you trade – The more you trade, the more you get to know your assets. Depending on your system, after studying and trading the same assets over and over again, maybe you won’t even bother searching for new candidates.
– Improve your spreadsheets – Consider spreadsheets the base upon which you will be gathering, breaking and analyzing the trading data. If you think it lacks some metrics, calculations or charts, build them. Do whatever it takes to make them your best trading partner.
Dedicate some 30 minutes per week to improve your business. These things have exponential behavior. After a few weeks, you will start noticing some progress in productivity.
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