A trader explains how quality assurance principles apply to trading. The focus is on building consistent processes and systems rather than just checking results after the fact, treating each trade like a manufactured product that needs reliable standards built in from the start.
What a lot of people don't realize is one of the biggest things about quality assurance, one of the foundational core concepts in quality is consistent output. Quality assurance is when you have such a well defined process, you have such a handle on your process, that you know you're making good product. Unlike quality control like it used to be, quality control was when, you know, production just runs, making things, you know, as fast as you can and you have inspectors standing on the line, you know, checking product and, you know, hopefully picking off the bad product before it gets out the door to the customer. That was quality control.
