strategy and tactics?

[sulong]

Here comes another silly thread.

I've read in the past ( and currently ) that strategy and tactics are somehow different from each other. I don't know what the difference is.

All I can come up with is, my strategy is where I enter the market, and tactics are how I enter,and exit the market - market, limit,stoplimit orders.

So I guess what I'm asking is, what are the components of a trade that go into each?

What do ya think? Any help would be appreciated.

 

[Grob109]

The bush admin is a good example.

Tactics would be things like getting the people who did the Cole and each of the "flies" to be swatted after that.

strategy is different. Before 9/11 Bush says he was not at "war". After 9/11 he went to fight strategic wars.

This strategy will get the cole terrorists, the 9/11 terrorists, all the other terrorists.

So far he has found one WMD on a tukey farm in north Africa. This was a tactical success done by reading a memo from the person who put 50 tons of mustard gas on a turkey farm.

 

[Grob109]

Look at your plan as a strategy.

The approach a person uses is a strategy.

to carry out these things you use market tools
market tools are tactical.

SCT is seamless continuous trading.

It has a few simple tools. The tools tactically, cover all situations.

Look at today. SCT yields 3x the H/L each day.

Tools were used to "make the market"

 

[richtrader]

Any further comments on this topic should be placed in the thread of the same name:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=31187