Best Process #4: Developing and Integrating Best Practices

Quality improvement crucially depends on the measurement of outcomes and the actions that are responsible for favorable outcomes. These actions can be assembled into best practices that guide our best trading and make maximum use of our strengths. By breaking down trading into component processes and finding best practices for each, we can become more effective in generating ideas and managing the positions that express those ideas. This chapter describes how traders can identify their best practices and link those into best processes, drawing upon 57 best practices generated by the author and readers of the TraderFeed blog.