Day Traders Vs Swing Traders

[johnnyrock]

It actually dates from the 5th century BC and was written by a legendary Chinese General, known variously in the West as Master Sun, Sun Zhu, Sunzi etc.. The book has been studied by military and political leaders ever since and I would recommend it highly to traders and non-traders as yes it contains much wisdom.

I wish our current leaders would read it. Then they would know that when someone is weak - NK, relatively speaking when compared to our nuclear arsenal - feign strength. I guarantee Kim has read the book. He doesn't want us to do what we did to Lybia or Iraq in his country. Its a rational response in an irrational world. What is crazy is that our leader, from a position of strength uses similar rhetoric.

I am no expert on Asian culture, but I would think they would regard us as weak.

 

[Overnight]

It actually dates from the 5th century BC and was written by a legendary Chinese General, known variously in the West as Master Sun, Sun Zhu, Sunzi etc.. The book has been studied by military and political leaders ever since and I would recommend it highly to traders and non-traders as yes it contains much wisdom.

But we're not at war with anyone when it comes to trading. Sun Tzu's Art of War has it's place, but not with trading. There is no enemy. There is no ally. It is the royal "we" against a non-entity.

Sun Tzu certainly could not have for-seen electronic trading when he wrote his tome. It is like this line about Admiral Halsey...

 

[smallStops]

But we're not at war with anyone when it comes to trading. Sun Tzu's Art of War has it's place, but not with trading. There is no enemy. There is no ally. It is the royal "we" against a non-entity.

Sun Tzu certainly could not have for-seen electronic trading when he wrote his tome. It is like this line about Admiral Halsey...

Neglect speedo good advice at your own perils. The art of war, is all about the psychology to put in play to win the war. Each trade is just a battle.

 

[smallStops]

I wish our current leaders would read it. Then they would know that when someone is weak - NK, relatively speaking when compared to our nuclear arsenal - feign strength. I guarantee Kim has read the book. He doesn't want us to do what we did to Lybia or Iraq in his country. Its a rational response in an irrational world. What is crazy is that our leader, from a position of strength uses similar rhetoric.

I am no expert on Asian culture, but I would think they would regard us as weak.

They must have been laughing their ass off when Trump got elected.
Actually, the Chinese were the first one to believe a Trump win early on.
Also, they have acted in the most circumspect in public toward Trump, but man, I am sure they are laughing.

 

[justrading]

I wish our current leaders would read it. Then they would know that when someone is weak - NK, relatively speaking when compared to our nuclear arsenal - feign strength. I guarantee Kim has read the book. He doesn't want us to do what we did to Lybia or Iraq in his country. Its a rational response in an irrational world. What is crazy is that our leader, from a position of strength uses similar rhetoric.

I am no expert on Asian culture, but I would think they would regard us as weak.

Don't know about the weak part, definitely irrational, undignified, shallow and unseemly.

I haven't worked much with Koreans, a lot with Japanese, around Asia, so I do understand the various people, to some extent, I'm not an academic and can't claim that sort of expertise.

The fat kid isn't going to launch first. He has a good thing going, why spoil it. But if America tries this regime change shit, he will destroy Seoul, Tokyo, and the American bases in both countries, so expect Americans to die in significant numbers immediately.

Given what happened to Saddam Hussein and Gaddafi, he would be extremely stupid not to retaliate massively. Lynched or nuked, what difference does it make, except he'd have the satisfaction of taking some with him.

He won't start it, unless the rhetoric gets too much and he miscalculates.

Trump should shut up and let the adults deal with it.

I'm in Bangkok, nobody going to nuke me here, so I'll have the slow misery of a nuclear winter to deal with.

 

[johnnyrock]

Don't know about the weak part, definitely irrational, undignified, shallow and unseemly.

I haven't worked much with Koreans, a lot with Japanese, around Asia, so I do understand the various people, to some extent, I'm not an academic and can't claim that sort of expertise.

The fat kid isn't going to launch first. He has a good thing going, why spoil it. But if America tries this regime change shit, he will destroy Seoul, Tokyo, and the American bases in both countries, so expect Americans to die in significant numbers immediately.

Given what happened to Saddam Hussein and Gaddafi, he would be extremely stupid not to retaliate massively. Lynched or nuked, what difference does it make, except he'd have the satisfaction of taking some with him.

He won't start it, unless the rhetoric gets too much and he miscalculates.

Trump should shut up and let the adults deal with it.

I'm in Bangkok, nobody going to nuke me here, so I'll have the slow misery of a nuclear winter to deal with.

Absolutely.

 

[punisher]

But we're not at war with anyone when it comes to trading. Sun Tzu's Art of War has it's place, but not with trading. There is no enemy. There is no ally. It is the royal "we" against a non-entity.

Sun Tzu certainly could not have for-seen electronic trading when he wrote his tome. It is like this line about Admiral Halsey...

Electronic trading or not, it is irrelevant to it, but I agree with you otherwise.

As I said earlier, "The Art of War" is a total BS when it comes to financial markets. Anybody claiming otherwise has not read the entire book and doesn't get it why the aforementioned "every battle is won before it is fought" does not apply to financial markets (unless he/she is trading on insider information, just like in the movie). It's a matter of just one single chapter of the book that is integral part of the winning strategy, yet it can not be applied to financial markets by the definition, since in trading you are not against a defined enemy (or enemies).

With that being said, if the book is helping anyone become a better trader, I'm happy for them.

 

[Visaria]

You are against other players though...who admittedly may not have the same motives as you. Maybe a Cold War type of war instead of actual warfare?

 

[Handle123]

Thank you for a great post and lots of food for thought for me as usual.

I am still working on my entry. I found that if my entry was good, everything else came easier.

I realized now I am too old for a whipsaw type outcome so am starting to study risk management. However, I am still working on a risk management plan, as it is easier said than done.

Regards.

This year have come to realization or just acceptance, where I get in is pointless, we have no clue of continualization of same or different direction, so why should entry be first? So I am on quest of finding right ways to risk. Today over a Starbuck's coffee, get an instant high from a cup of brew, got five ideas of the very worst times to trade, so those have absolute worst times to take a trade, then I thought what is risk? Risk is nearly the same whether I buy low/high or sell high/low. So for me, I am onto new concepts I never thought of before.