Traders Personal Trading Approach
SDC has over the years developed a highly successful Structured Trader Development programmes (typically 6 months) to enhance trader performance. The benefits include improving the trader’s stamina and resilience and includes the use of a risk tolerance psychometric which identifies the trader’s edge and improves their adaptability to changing markets.
The programme takes the trader through a Personal Trading Audit and identifies the following:
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Where is the trader’s ‘edge’
Their suitability to their asset class
The PMs trading philosophy
Their strategy/approach
How they rate their trading performance
How they rate their trading potential
How they could be doing better
Where they believe their strengths/weaknesses lie
What their personal trading demons are
How their successes have been achieved
Why their failures have occurred
How they deal with drawdowns
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The programme encourages the trader to keep a ‘Continued Professional Development Journal’ and discusses how it can be used as a tool to aid continual professional trading success.
It will identify the trader’s approach and philosophy to:
Personal trading rules and guidelines for money management
Guarding against ‘risk of ruin’
Deciding on ‘Position Sizing and Timing’
The benefits of an exit strategy to guard against adverse moves/situations
Adjusting risk for shifts in market volatility