6 Steps of the Scientific Method
 
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Does this help improve your investment approach?

• The scientific method is a way to ask and answer scientific questions by making observations and doing experiments.
• The steps of the scientific method are to:
  1. Ask a Question – Should I buy or sell?
  2. Do Background Research – Study the price action?
  3. Construct a Hypothesis – Long or short?
  4. Test Your Hypothesis by Doing an Experiment – What IS actually happening in the market?
  5. Analyze Your Data and Draw a Conclusion – Does my thesis align with the market (what is actually happening, not what you think will happen)?
  6. Communicate Your Results – Formulate a sound back-tested trading plan

Source: http://www.sciencebuddies.org/science-fair-projects/project_scientific_method.shtml
 

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