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The Option Trader’s Hedge Fund: A Business Framework for Trading Equity and Index Options by Mark Sebastian, Dennis A. Chen

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7. Learning Processes

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.”

—Charles Darwin

As a successful TOMIC manager, you have to be able to learn and adapt as the business environment changes. Every successful business receives feedback. The feedback is from customers, employees, competitors, and suppliers. The truly successful businesses use this feedback to continuously improve. To create continuous improvement in your business, you need to embed a learning process into your business DNA. There are several elements you can use to instill a learning process. As TOMIC’s manager, you need a trading journal, a sounding board, and a continuing education ...

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