Thread by @IMRiskManager

Weekly Spam Alert
This week it will the 'The Art of War' of Sun Tzu
Not directly related to Markets but I guess this classic will be useful.

External Tweet loading...
If nothing shows, it may have been deleted
by @IMRiskManager view original on Twitter

1.Do big institutions let any1 know what they r doing in Markets?
Does dis quote of Art of War reminds u stealth short covering/silent accu

2. Though we have heard of stupid haste in war, cleverness has never been seen associated with long delays.
#timing in trade
The Art of War

3 It's only 1 who is thoroughly acquainted with evils of war that can thoroughly understand profitable way of carrying it on
#riskmanagement

4 In war, let your great object be victory, not lengthy campaigns.
It's #Timing & not #time in the trade that matters.
The Art of War

5 He will win who knows when to fight and when not to fight
Art of War
- Be selective in your trades.
- Wait for setups that you trade best.

6 He will win who knows how to handle both superior and inferior forces.

How u handle ur winning/losing trades- let profit run/cut losses

7 If u know the Markets u trade & the system you trade it with, then u need not worry about a few losing trades.

8 In trading we can only manage risk not returns; returns are controlled by Markets.

9 What the ancients called a clever fighter is one who not only wins, but excels in winning with ease.
Risk adjusted returns
#SharpeRatio

10 Control of a large force is same in principle as control of a few men: it is merely a question of dividing up their numbers
PositionSize

11. So in war, the way is to avoid what is strong and to strike at what is weak
Art of War
Don't fade trends, instead join the winning side

12 Just as water retains no constant shape, so in warfare there are no constant conditions
Markets keep changing soTraders should also adapt

13 He who can modify his tactics in relation to his opponent & thereby succeed in winning, may b called a heaven-born captain
AdaptToMarkets

14 Whether to concentrate or to divide your troops, must be decided by circumstances.
Art of War
Scale-in, scale out or all-in, all-out

15 In the wise leader's plans, considerations of advantage and of disadvantage will be blended together.
#RiskToReward

16 Don't short a market which doesn't fall on negative news and conversely don't go long in a market which doesn't rise on positive news.

17 Be very selective in your Trading
Enter setups that you trade the best and where there is asymmetric reward to risk.

18 Take #trading as a business very seriously. Those who take it as a hobby & hope to succeed in long term, are just wasting time and money.

19 Without subtle ingenuity of mind, one cannot make certain of the truth of spy's reports.
--Interpretation of business news in #trading

20 There's no martyrdom in #trading
When wrong accept small losses
& run away to return to trade next day
don't lose all by averaging losses