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.
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.
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"
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