An important aspect of this step includes an attempt to quantify and prepare for the risk of being wrong in the cycle phase assessment. The focus of this element is prompt implementation of strategies selected, and timely tactical adaptations to maintain the suitability of the strategies to management's performance profile objectives and current market conditions. Time decay management. The focus of this element is to ensure accurate accounting, recordkeeping and reporting of the results of all strategies and tactical adjustments. This will enable the objective evaluation of the results of the portfolio and risk management efforts.
Reconciliation Systematically reconcile internal transaction records with brokerage firm records.
Reporting Periodically report strategy performance to management and board. Note to Brokers .