This is a YouTube video titled "Trading Tip: Are You Trading From Memory?" containing a monologue or talk recorded on November 21, 2022, discussing the importance of documenting trading systems rather than relying on memory to avoid making untracked adjustments that can degrade performance over time.
So quick question for you. Are you trading from memory? So there's a reason that the trading wisdom is there to write down, document your system. See, here's the thing. Over time, as you know, let's say you hit a rough week, part of it's going to want to try to fix things. So you might make a little adjustment. And the thing is, over time, you're going to wind up making several adjustments. And some may help, some may not. But the thing is, if what you have now is working well, then, you know, six months from now, three months from now, a year from now, you want to be trading it the same way if it works well. But if you're trading from memory and you have a rough week and you make a little adjustment, and you know, the next week, it's another rough week and you make a little adjustment over the three months or six months, you might wind up making adjustments that you're hardly even aware of or that you forget about and things aren't working. And then you're sitting there saying, you know, but this used to work. Well, no, it didn't, because you're working with what you know you've changed it to, but not what it was. And since it's from memory now, you don't even know what it was because you can't remember. That's why it's so important to write it down.
