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Hi db, How's Thanksgiving? I agree with you. War-like metaphor can be problematic if the images in the head get someone to fight their way out like a man at the worst possible time. But the people (Sun Tzu, Lao Tzu, etc) who truly understand war (lived in the Waring periods of China), do...

"POKER RULE#62: Good poker is not a gentleman's game, it is a war... It becomes a game in which you pick your spots, attack, and retreat strategically." Sun Tzu's Art of War puts utmost priority on strategic planning. Knowing oneself, one will not lose. Knowing oneself and the opponents...

"POKER RULE #61: Learn to read your opponents' voices" This may applied to someone using a squawk box service. I was told that a bunch of people shouting buy makes a different pitch than a bunch of people shouting sell. I have no experience in this.

"POKER RULE #60: Determine whether an opponent is acting." Low volume, choppy market (low volatility) may be considered as the stage for actors. The market can be muscled one way or another like a fish net.

pg 90: Never forget that you're not the only one who has problems. Your opponents have problems too. Play into their worst imaginings - don't be afraid to use their as part of your strategy. In war one sees one's own dificulties, and does not take into account those of the enemy; one must...

"POKER RULE#58: Don't out-clever yourself. Stick to basic poker most of the time. Keep the creativity (deliberately wrong plays) to a minimum... They begin to drift into the area of long odds..." If it is not broken, don't fix it.

I have taken this rule a little out of context (you would notice if you read the text) but I think it is important being a flexible trader. In Dao De Ching, Lao Tzu mentioned that being soft, pliant, and yielding are the properties of living things (live body and fresh plant are soft) and being...

The only way to turn the corner is to get rid of marginal trades. People can be wrong with their "good" trades and get trapped but one can compensate the mistakes by maximizing profits on trades that should be maximized. It is ALREADY a very fine balance. If one inject a few marginal trade...

"POKER RULE #57: Be flexible." Be flexible with the market read and yet not too skittish. There is a fine line between flexibility and confusion. When things doesn't look right, or the energy doesn't feel right, you have to decide how to get out and whether to reverse because people like...

"POKER RULE #56: Resist your first impulse. You may notice (by observing yourself) that if you get a good hand you tend to reach for your chip a little quicker than at other times." Again applying this to trading, you might need to put yourself in the shoes of the observer. Sometimes price...

"POKER RULE#55: Prolong the time spent looking your cards. Obvious, clear-cut, good cards lead to easy decisions. No player sits and stares at four kings minute after agoniznig minute, trying to figure out what to do with them. But perhaps they should. Vary how long you look at your cards...

"POKER RULE #54: All hesitations are noted. The game of poker eventually reaches a certain rhythm in which, if you hesitate, it tells the other players something... For this reason it is necessary to know the game so well that you make decicions instantly and are able to control your...

It just occurs to me there is a Chinese proverb of "hundred battles hundred wins" to describe someone who wins very often. Maybe Munehisa Homma's winning streak of 100 trades is a mistranslation. Maybe there is some Japanese speaking trader who can verify this.

"POKER RULE#53: Include Failure in the System... Correctly played, therefore, poker is really a process of two steps forward and step back. Footnote: There is some evidence that this two steps forward and one step back is more than just a figure of speech: pro players report that on average...

Actually this rule is really about pressing the gas when the odds are stacking on your side (other people got caught by the market bad). It means using real leverage at the right time and go for the big kill. I do not want to comment on this because this is 100% theoretical for a small player...

The Ten Commandments of Trading by Lewis Borsellino, "The Day Trader's Course", pg 13-16: Commandment 1. Trade for success, not for money. Your motivation is the well-executed trade. Commandment 2. Be disciplined. The disciplined trader - regardless of profit or loss - comes back...

Trading causes premature aging... I am getting senile. "POKER RULE #51: Learn to play up and down the ladder. Don't just downscale your bets when you get cold, downscale the actual way you play the game. Back off within your method of play, alternately loosening up your game when things...

"POKER RULE #52: Unlike many games and sports, poker has a third factor: the cards." In trading, we pick our cards, i.e. we wait until the cards are right. If we press it with the wrong cards, there is noone to blame but ourselves for not being risk adverse. Worst yet, if we win with...

POKER RULE#50: Adjust your game for how much competition you have in the hand. Many players play their cards exactly the same way every time, independently of how many opponents they are up against or how strongly these opponents are bettnig... We need to factor these variables in. Why join in...

"POKER RULE #49: Pick your times of confrontation... There is a famous cautionary Zen quote that says: "When two tigers fight, one will be killed and the other will be seriously wounded." What this means is: Why use strength against strength... Why be wounded or killed? Withdraw; conserve...