We had another great session with Sune on Dec 1st. In this session, we had a look at where he was now, for a trading plan, and then figure out how to move forward. The key here was not getting Sune to start again but to do a couple of things...
Keep what works - dump what doesn't!
- Get Sune thinking about what his plan should contain
- How discretionary rules should be "constrained" to prevent simply entering anywhere
- Look at the gaps within the plan
- Start the process of evaluating his current skillset, so that he can make a firm decision on what to keep and what to drop.
Sune is very keen to get into the "meat and potatoes" of trading - and he'll probably still be waiting for that as he goes live. In a trading world of "setups over everything else" - it takes some getting used to. And a host of other things besides techniques that accelerate the process of getting to profit.
What is particularly interesting about Sune is that he is very confident in a specific skillset which on the surface appears to be for very short-term trading only. Very few traders come along with a high degree of confidence about anything. So it's like swimming in a river - we prefer to go with that (once we understand it better) than push him to swim in the opposite direction.