The reason why its important to track and measure performance is not the actual measurement in itself – its to provide actionable information for us to improve our game.
Americans are the no.1 when it comes to statistics – just look at their sporting stats!
But why is it then some have been tracking and measuring their investing/trading performance for years yet there’s little or no improvement?
The butterfly had a good post recently where he was upset with himself for not sticking with his stock entry plan.
If we deviate from our plans and we then lie to ourselves that its “OK”, why track and measure again?
Where there’s no problem; there’s nothing to improve.
That’s is why in group therapies dealing with alcohol abuse, compulsive gambling, anger management, etc; the first step is to admit we have a problem.
Once we have a reason to improve, the next natural thing to do is action.
That’s easier said then done.
And we know this all too well…
We know what to improve, but we never seem to find the “time” to do anything about it.
Yup, its back to denial…
Or maybe the nail does not hurt enough yet.
Common sense (or lack of)
You admit you have a …read more
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