Thought this was insightful and interesting THE ART OF TRADING 1)Moral strength and intellectual faculty are important and decisive in trading 2)Never approach thoughtlessly or recklessly, trading should be preceded by measures designed to make it easy to win 3)Prolonged trades(not investments)drain time, money, and mental energy, trade only when victory is probable 4)Trading requires continuous review and readjustment 5)Beware of market deception and surprises, succeed through strategy implementation 6)Profit is the ONLY goal achieve as fast as possible 7)Study dangerous VS prosperous ways of deploying capital 8)He who knows when and when not to trade shall be victorious and considered prudent in approach 9)Know the market and more importantly yourself before trading 10)Supreme importance in strategy development lies in attacking the overall market strategy which is to exploit human emotions and weakness 11)Impatience leads to slaughter 12)Skilled traders move stealth like waiting for vulnerable market conditions and participants but cannot control when they themselves are vulnerable 13)One may know how to win but cannot do so 14)Stealth is achieved through not trading while money can only accumulate in a trade 15)Success in a trade does not make one a expert rather the money was easily garnered through creating appropriate conditions therefore successful traders should not seek reputation or merit just money 16)Five elements of trading a)measure market conditions(volatility,standard deviation, etc) b)estimate effect of market conditions on security,position,trade etc c)compare estimated conditions to ideal conditions d)decide the chance of succeeding E)trade or retreat 17)Manage $1000 the same as $1,000,000 through organization 18)Manage many trades the same as few threw signals and rules 19)momentum of a skilled trader is hard to stop once trades are precisely regulated and he is well disciplined and courageous 20)Maintain order by being organized and courage through creating good trading circumstances 21)Skilled traders seek victory through the situation and don't demand it on specific trades 22)prepared traders feel at ease while unprepared traders often feel weary 23)Skilled traders bring the money to them and cannot be lured to chase the money 24)When the market shows clear and defined movements, think of those who are on the wrong side and design strategies to prey on those in dire straits 25)Victory can be created by determining market patterns and plans, avoid market strengths and attack weaknesses as victory arrives in accordance with market conditions 26)Trader has no constant form because in trading lies no constant conditions 27)Modify tactics in accordance with market conditions 28)Do not trade without proper resources and research on market conditions 29)Trading is based on deception trade only when it is advantageous 30)Attack each market with more than one strategy and take profits no further than objectives 31)Risk and unfavorable situations should dictate strategy development not only favorable conditions 32)Never assume losses will not appear rather prepare for when they arrive and derive appropriate action that will be taken 33)Five qualities of danger in trading a)Reckless-don't be stupid and courageous just the latter b)Cowardly-hesitance is the death of the trader c)Quick tempered-impulse traders will go broke through angered and or hasty acts d)Pride-those concerned with reputation will not regard risk well enough e)compassionate-he who cannot take money from others or lose it will never sacrifice temporary advantage for long term gain 34)Your algorithms are your living secret agents patrolling the markets territory when they return information you act on it 35)THE CONCLUSION Only a trader who is able to use his most intelligent algorithms and strategies to comb markets and other relevant databases are certain to achieve success, they are essential because you rely on them for EVERY move, so a trader without market spies(algorithms) is like a trader without eyes or ears