5s of trading

 applying Japanese 5s to trading.....

1.Sei-ri (sorting)

......only essential trading parameters/technicals only......clear the clutter......possible only after testing them initially....after this step u r left only essential parameters which work, or complement ur style and temperament.....after u have sorted.....don't fiddle......just keep improving

2. Sei-ton (set in order)

......arrange the order of the parameters to be used in trading....to analyse......not all parameters are for the same purpose......some are key and basic, others are for specific needs or in advisor capacity....know when and how to use which indicator/parameter

3. Sei-so (shining)

.....keep ur working (trading) desk clean....not just the physical trading terminal and desk but also the records and the trading mind......keep everything shining, clean and clear.....only when u have a clear desk and head that u can chose the right tool and apply it rightly at the right time......keeping the parameters shining in the head by regularly dusting/cleaning it thru revision keeps them ready when required.

4. Sei-ke-tsu (standardizing)

.....once u have sorted the necessary trading tools, set them in order and kept them in ready-to-use condition, u have to stardize their usage.....the process.....the drill as to how u will actually use it when require.....haphazard usage of even good principles will not yield the right results

5. Shi-tsu-ke (self  discipline)

.....after all the above 4 steps, if you don't implement them right, if don't have self-discipline in the actual war, the trading......what good they will and can be? stick to it....self-discipline....this step ensures that it is not you but your method that is trading......u and the method become one....trade is objective and automatic.....emotionless

"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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