Hi all
First I want to thank all the members of the FF who has been an invaluable source of information.
Thanks FTI for your decision to create this thread, that is full of invaluable information
Leighsww Thank you for your encouragement to FTI and your contribution to this thread.
Thank you to all the other members who have contributed and made this thread one of the best in this forum.
About the art of war, of Sun Tzu applied to Trading
Trading is a serious undertaking that should be regarded as such, whose only result is the success or failure, meaning sometimes life or death, the destruction or achieving our goals, thus deep reflection should be done, because the only objective that matters is the success.
Trading has five key factors that should be considered and respected
Moral Law is Market behavior, the pace and music, the trader should be always in tune with it and act always respecting it, never against him
Heaven means up and down, the different types of moves that the market as
Earth is the distances that can be measured, how much, how far, and the probabilities of success or failure
The fourth factor is the trader and the qualities that should have as honesty, wisdom, knowledge, determination and courage
Finally is the ability of the trader use their qualities with discipline and method when trading
In its activity the trader must plan their actions by analyzing and considering the seven factors:
What is the music the market is playing?
What trade has the greatest chance of success?
What is his direction and distance (chart analysis)?
Which trade that suites better our plan?
What positions size should be used?
What is the money management should be used?
What is the plan for contingency?
The answers to these questions allow forecasting the success or failure of the trade
The trader must plan ahead their trades, and perform many conjectures about them, have the ability to adapt and change their plans when market conditions change, and disclose as little as possible its plans, such as not putting SL or TP.
Regards
Sjbelchior
First I want to thank all the members of the FF who has been an invaluable source of information.
Thanks FTI for your decision to create this thread, that is full of invaluable information
Leighsww Thank you for your encouragement to FTI and your contribution to this thread.
Thank you to all the other members who have contributed and made this thread one of the best in this forum.
About the art of war, of Sun Tzu applied to Trading
Trading is a serious undertaking that should be regarded as such, whose only result is the success or failure, meaning sometimes life or death, the destruction or achieving our goals, thus deep reflection should be done, because the only objective that matters is the success.
Trading has five key factors that should be considered and respected
Moral Law is Market behavior, the pace and music, the trader should be always in tune with it and act always respecting it, never against him
Heaven means up and down, the different types of moves that the market as
Earth is the distances that can be measured, how much, how far, and the probabilities of success or failure
The fourth factor is the trader and the qualities that should have as honesty, wisdom, knowledge, determination and courage
Finally is the ability of the trader use their qualities with discipline and method when trading
In its activity the trader must plan their actions by analyzing and considering the seven factors:
What is the music the market is playing?
What trade has the greatest chance of success?
What is his direction and distance (chart analysis)?
Which trade that suites better our plan?
What positions size should be used?
What is the money management should be used?
What is the plan for contingency?
The answers to these questions allow forecasting the success or failure of the trade
The trader must plan ahead their trades, and perform many conjectures about them, have the ability to adapt and change their plans when market conditions change, and disclose as little as possible its plans, such as not putting SL or TP.
Regards
Sjbelchior