Info!! The Afterward Activity Review: A Powerful Tool For Coaching Traders

In recent posts, I described the coaching of traders every bit a supervisory process as well as offered a model of coaching as well as mentoring that differs from both traditional educational efforts as well as from mutual private as well as grouping meetings. (For to a greater extent than background, banking concern tally out the recent coaching linkfest).

The of import implication of coaching every bit a preparation as well as supervisory procedure is that it is embedded inside the actual practise of trading. Instead of discussing trading results as well as issues inwards a weekly format, the supervision occurs during as well as at in 1 lawsuit later on trading to ready on strengths as well as right weaknesses.

The USA Army describes this procedure every bit 1 of later on activity review, as well as it's a learning tool that has constitute a abode inwards business as well as civilian groups every bit good every bit the military. According to the Army, several factors are necessary for successful bear of later on activity reviews:

* Active Participation - Everyone learns from each other;
* Focused Discussion - The focus is on the immediate performance;
* Follow Up - The intelligence emphasizes solutions that tin endure set into practise promptly.

According to the Army handbook A Leader's Guide to After Action Reviews: “An later on activity review (AAR) is a professional person intelligence of an lawsuit focused on performance standards that enables soldiers to let on for themselves what happened why it happened as well as how to sustain strengths as well as meliorate on weaknesses. It is a tool leaders as well as units tin utilization to acquire maximum produce goodness from every mission or task."

The substitution thought hither is that the reviews are event-focused, focused on performance standards, as well as focused on concrete actions to endure taken to meliorate performance.

At British Petroleum, the later on activity review was boiled downwards to 4 substitution questions:

• What was supposed to happen?
• What genuinely happened?
• Why were at that spot differences?
• What did nosotros learn?

Notice that the finish of the review is both insight as well as action: why expectations did or did non play out as well as what tin endure learned as well as done differently inwards the future. The later on activity review is non a supervisory critique; rather, it turns away from judging success or failure toward learning from diverse positive as well as negative outcomes. Because the reviews are typically conducted inwards squad settings, they facilitate observational learning: each player is both educatee as well as teacher.

Perhaps the close powerful appear of later on activity reviews is that they are conducted during performance, non at the terminate every bit a post-mortem. For example, intraday traders powerfulness bear a review amongst a coach at midday as well as brand corrections for afternoon performance, much every bit an Army squad powerfulness review a day's operations earlier proceeding amongst an overall battle plan.

With the utilization of reviews, each day--or each segment of a day--becomes a learning experience. Might it endure the instance that the years of learning typically required to develop expertise inwards whatsoever performance plain could endure meaningfully reduced if every day's efforts were leveraged into learning through structured review? I tin recall of no to a greater extent than of import challenge at the intersection of psychology as well as trading.
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