Sun Tzu advises that when traveling over difficult ground, watch for a surprise attack. Sun Tzu The Art of War The best trading analogy is to avoid trading the mid-day doldrums when market makers can take advantage of the low volume to knock out unwary traders
Sun Tzu said that ground which is of equal value to either side is contentious ground. Therefore, attack not. Sun Tzu The Art of War A good trading analogy is when scalping a Nasdaq stock... if you see GSCO heavily bidding and another heavyweight consistently and strongly offering, there is a tug of war going on... stay out of the way
Partner,CPA,Robert Katz [Katz and Asher LTD],writer,put it in writing ''choose a point at which you will sell................................................[write mine in trading notebook]
READ this specialist...............................Specialist,writer,Justin Mamis ''institutions tend to dump stock in a single transaction''.......................................Stock Traders Almanac by Yale Hirsch [pull the trigger the same way ,on written stop]
The question was-Turn on a dime, when you think you are wrong?.....................................You better be able to do that.This is not a perfect game.Most traders make money in the 50 to 55% range.....................................Jack Schwager-Steve A Cohen inhterview.