Saturday, November 13, 2010

"5s" of a trading mind

Everything in the world is created twice!
First in the mind, then in reality!!
A trader's dream success also obeys this rule.
And for this to happen a trader's workplace and his mind must be organised!
"5s" is the way for this!
"5s", invented in Japan, stands for five (5) Japanese words that start with the letter 'S':
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Seiri
(Tidiness)
"Throw away all rubbish"
= a trader should forget about all the jargon, trade simple and remember just the key lessons that matter!
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Seiton
(Orderliness)
"Set everything in proper place for quick retrieval and storage"
= all important lessons and checkpoints should be listed and available easily for quick reference when required!
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Seiso
(Cleanliness)
"Clean the workplace"
= a trader should maintain neat and clean body, mind, bank account, computer, net connection, trading room and intentions!
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Seiketsu
(Standardization)
"Standardize the way of maintaining cleanliness"
= a trader must have a method
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Shitsuke
(Discipline)
"Practice 5s daily - make it a way of life"
= a trader must follow the method!
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