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Tuesday, June 14, 2016

More on Deliberate Practice

Dr. Brett Steenbarger's "Daily Trading Coach" shares transformative process ideas. How to get better at getting better. Just substitute practice for trading...

Here's an excerpt: 


Each day this week your trading practice journal should include a specific goal for work that particular trading practice session, concrete actions that you will take to achieve that goal, and a self- evaluation at the end of trading to gauge your success in reaching that goal. The goal should be a trading practice process that you wish to improve (i.e., some- thing you have control over). For example, your goal might be to increase your trading practice incrementally. 

At the end of the day, you will give yourself a report card based solely on how well you achieved the goals you set for the day. These report cards can be displayed beside your monitor to reinforce your performance and progress. If you fail to achieve a good grade, improvement on that activity becomes your goal for the next day. If you receive a fine report card, you generate fresh goals for the next session. The idea is to never trade practice without consciously working on some aspect of your trading practice

For example, at our practice today, several areas I want to focus on include:

1) scramble defense with both coverage and protection
2) transition defense with communication
3) typical shots against zone defense
4) ongoing emphasis on quicker shot release