In a recent post, I emphasized that much of the evolution of trading expertise is a business office of designing recognition as well as the mightiness to human activeness upon patterns promptly inwards existent time. Influenza A virus subtype H5N1 classic example of functioning yesteryear designing recognition is the evolution of competence as well as expertise with radiologists. Reading an x-ray or other cast of imaging agency beingness able to honor normal variations from abnormal ones. In the beginning, to the untrained eye, nigh medical images volition hold off alike. Only with repeated exposure to images as well as their variations volition medical students larn to brand as well as dominion out diagnoses. No total of majority locomote tin substitute for learning at the bedside as well as reviewing celluloid with experienced physicians.
The trader who video records his or her trading has a powerful tool for accomplishing 3 learning tasks:
1) Seeing to a greater extent than marketplace patterns as well as cementing those to a greater extent than firmly inwards mind;
2) Reviewing functioning to assess areas of trading that demand to a greater extent than locomote as well as to formulate goals for such work;
3) Reviewing functioning to assess areas of trading that stand upwards for strengths, so that these tin last crystallized as well as recruited during hereafter trading.
When I left my total fourth dimension locomote with proprietary traders inwards Chicago as well as began working with banking company as well as hedge fund traders, I was surprised yesteryear the sophistication of the latter grouping inwards price of portfolio management as well as as surprised yesteryear that group's speak lack of experience for short-term marketplace movement. Many times, a portfolio managing director would depict an first-class thought to me as well as so execute it at the absolute worst fourth dimension of day. I realized that, as savvy as the institutional traders were, they lacked the frequency of exposure to brusk term marketplace patterns as well as so had no existent "feel" for when buyers or sellers were dominating (or losing their dominance) from infinitesimal to minute, hr to hour.
Traders who role video recording inwards gist double their exposure to marketplace patterns--and to their ain patterns as traders. Because designing learning is a business office of the divulge of repeated exposures to diverse configurations, the trader who non exclusively views markets, but also reviews them, is to a greater extent than probable to bask an accelerated learning (and performance) curve.
The 2 nigh mutual agency of recording that I've encountered inwards my locomote with traders is desktop video (software that records your screen) as well as actual video recording with a camcorder pointed at the screen. The one-time is available through programs such as Camtasia; the latter is best accomplished with a camcorder that includes a large difficult drive.
Of course, it doesn't brand sense to review the entire trading day, every trading day. In general, the best reviews come upwards from your best trades as well as your worst: those volition cement what you lot exercise correct as well as what you lot demand to improve. If traders exclusively reviewed their unmarried best as well as worst trades each day--what the markets did as well as what they did--I suspect they would last to a greater extent than probable to accomplish competence, as well as would exercise so inwards less fourth dimension than the trader who packs it inwards at the marketplace close.
Remember, however, research suggests that it is non merely what you lot review but how that makes all the deviation inwards learning. The nigh powerful learning takes observations as well as turns them into concrete goals for hereafter observation. Passive watching of markets (and one's ain performance) is much less powerful than active watching as well as finish setting.
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