Sun Tzu Helps How?

Mut1ey · Oct 23, 2003

Quote from ChrisRT:

Totally non-sarcastic question:

Did you read "Sun Tzu's Art of War" or "Sun Tzu's Art of War for Traders and Investors" by Lundell..If you haven't read the latter..it might make more sense as to how it's tied to trading.

Regards,

Chris

ChrisRT,

No I have not read the Lundell book. I did however read the Krause(?) book on applying the art of war to business. That one wasn't much use as it was too high level. At what level is the Lundell book aimed?

Mutts

Gordon Gekko · Oct 23, 2003

"In peace prepare for war, in war prepare for peace."

when the market is going nowhere, prepare for it to go somewhere. when the market is going somewhere, prepare for it to go nowhere.

or maybe...

when the market is going up, prepare for it to go down. when the market is going down, prepare for it to go up.

ChrisRT · Oct 23, 2003

Quote from Mut1ey:

ChrisRT,

No I have not read the Lundell book. I did however read the Krause(?) book on applying the art of war to business. That one wasn't much use as it was too high level. At what level is the Lundell book aimed?

Mutts

Pretty much "while you are in the bathroom" reading. Gives a verse from the AOW book and then gives a small paragraph about that passage's relevance to trading. Then off to the next page. Does this about 100 times.

harrytrader · Oct 23, 2003

Because of Plan do Check Action (PDCA) - I will repeat the Deming's mantra until everybody knows it by heart

.

Quote from Mut1ey:

I have been puzzling since I started looking into trading as to why The Art of War, and other such works keep being mentioned.

I first read The Art of War and The Book of Five Rings, when I was heavily into martial arts, many years ago now. I even read the Tao te Ching! Now, whilst I could see some link to Karate, I have never been able to see how someone would apply the teachings to business, let alone trading.

I await your enlightenment.

Mutts

Mut1ey · Oct 24, 2003

Quote from harrytrader:

Because of Plan do Check Action (PDCA) - I will repeat the Deming's mantra until everybody knows it by heart .

HarryT

I'm not sure what Deming and TQM have to do with Sun Tzu etc. but I'm prepared to be enlightened

Mutts

BuddhaTop · Oct 24, 2003

Quote from privateisland:

Musashi taught that you must be willing to use everything at your disposal to get the job done. He was famous for using 2 swords like the Europeans did and also just wooden swords to win battles. He had discipline and some big, big, big balls.
I hope this helps.

In order to make it big this is one thing you must need. I'm still working on increasing my size.

Roberto Lopez · Apr 16, 2016

Thanks for the great post. I have not even thought about Sun Tzu as it applies to trading, rather only my difficult wife. LOL.. Thanks for STEP 3 - Attack by Stratagem.....I am going to buy a copy of the art of war today.
Roberto

Roberto Lopez · Apr 17, 2016

I just want to say think you. Again, this was a great thread and I found a book by someone on this subject. I am going to order it in a bit as it is only $35. Here is the link for anyone interested.
http://www.artofwaronwallstreet.com/

Trading Education Buyer · Nov 22, 2016

dbTrader said:
I think that the most famous of the Sun Tsu quotes about knowing the enemy and yourself is very relevant to trading -

most people would think that knowing the enemy (the market) is the key and the only focus/goal they set. They learn technical analysis, they study macroeconomical conditions, they apply regressions, they backtest, they backtest, they backtest etc.

The proverb's main pt: know yourself and know the enemy and then you will succeed, is the simple logic. We all can see that when it is told to us - particularly the part about knowing the enemy.

Invariably the enemy will pull a surprise on you - and it is how you react to it which is key. The markets will do this - that much you better count on. Therefore, work on your ability to withstand losses and not lose your focus. Otherwise, you end up in the summation of Tzu's wisdom: know neither yourself nor your enemy - YOU WILL BE LOST.

Trade Well...

Great post

Trading Education Buyer · Nov 22, 2016

Mut1ey said:
I have been puzzling since I started looking into trading as to why The Art of War, and other such works keep being mentioned.

I first read The Art of War and The Book of Five Rings, when I was heavily into martial arts, many years ago now. I even read the Tao te Ching! Now, whilst I could see some link to Karate, I have never been able to see how someone would apply the teachings to business, let alone trading.

I await your enlightenment.

Mutts

Read phsychology threads and you will understand why