Efficiently Effective

Management guru Peter Drucker said -

"Efficiency is doing things right; Effectiveness is doing the right things."

In stock trading

Effectiveness means "the right trade call"

and Efficiency means "sticking to that call".

Effectiveness comes from method

and Efficiency comes from discipline.

Even the best chance of being effective can be messed up by poor efficiency of execution.

And even the best efficiency can be useless without knowing what to be efficient about.

Being efficiently effective trader is what it is all about!