We live in a world of increasing complexity. Even the most expert
professionals in their respective fields struggle to master the tasks. Longer
training and use of advanced technology fails to prevent the errors.
While dealing with complex tasks, two types of errors can occur.
“Errors of Ignorance” and “Errors of Ineptitude”. Errors of ignorance are
errors we make as we do not know enough. On the other hand errors of ineptitude
are errors happening when we fail to make use of what we know. Errors of ineptitude
are a real problem especially among professionals.
Acclaimed surgeon and writer Atul Gawande conducted
extensive research on this subject in Health Care He found and adapted the
humblest and simplest solution from Aviation industry, “The Checklist”. He
published a book on this subject titled “The Checklist Manifesto” which became
a Best Seller. (Read Summary)
As you know trading is also a very complex and complicated task.
Mistakes are virtually inevitable: It is too easy for a trader to miss a
clue, or overlook a prominent level in the stress and pressure of the moment.
Failing to notice a small stuff is failing to plan properly for the
eventuality
Can’t we, traders, make use of Checklists?
Nice...
ReplyDeleteif you prepared checklist please share here....
@ VJAY
ReplyDeleteThere are two options
1.Understand the concepts and make your own
2.Pay a modest price of Rs 10000/- to get mine.
ST
10000 is very costly, are you saying it for real or kidding alone.
ReplyDeleteAnon
ReplyDeleteI do not sell anything.
Let me know how much you are willing to pay ?
ST