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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Not to fight is not cowardice, “live to fight another day”.

Not to fight is not cowardice, “live to fight another day”.

4 posters

Go down  Message [Page 1 of 1]

Asoka Samarakone


Expert
Expert

Not to fight is not cowardice, “live to fight another day”.
I have been watching for the last few months to gauge the direction of the general market and it seems like the market wants to break lower. However, we are only in the middle of the bear market and we have a long way to go. During this period usually there is some activity from fund managers seeking long term value. However "smart money" starts to leave the markets and investors start to suffer losses in their portfolios refusing to believe that there is a paradigm shift taking place. Don’t be fooled about the minor rallies, they are there to help lose your pants in the market. Any move to the upside will cause heavy selling, crushing the hopes and dreams of the minor. No matter how much you want the market to go in a certain direction, there is nothing you can do to force that to happen. Worst thing about a bear market is the fact that no one wants to accept her faith, understand her reasons and learn from her mistakes. History provides an insight into the markets which ignores the noise and confusion along the way. History will show you that nothing has changed over the hundreds of years because humans have not changed. Try and understand her, what she has done in the past in order to understand what she plans to do next. We could be in for a rude reality check. Over the long run, market conditions change. The system that works in the past may not be relevant in the new market condition. The key to trading is not to fight the trend. If the market is trending down, look for opportunity to short and do not long it. You should never have the mentality of conquering the market. . This experience will help in assessing when to trade and when not to trade in the future. Not to fight is not cowardice, “live to fight another day”.
Take care and all the best!

Happy trading

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Excellent.
Thanks.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Thanks Asoka.

ON STAYING AWAY FROM THE MARKET

“He will win who knows when to fight and when not to fight.”

Opportunities are not always available in the market. There are times that your trading system will not work and it is important to abstrain from trading the market. If you insist in trading the market under such conditions, you will end up in a string of losses and deplete your capital unnecessarily. When you are experiencing a string of losses, it is an obvious sign to you to stop trading. Reflect if it is the problem with yourself, or is the system not working under that particular market condition. While undergoing your reflection, stop all your trading activities until you figure out the true problem. You will learn more about yourself, your trading system and the market. This experience will help in assessing when to trade and when not to trade in the future. Not to fight is not cowardice, it is the mantra of “live to fight another day”.

“If fighting is sure to result in victory, then you must fight, even though the ruler forbid it; if fighting will not result in victory, then you must not fight even at the ruler’s bidding.”

Learn to trade when it is favorable to do so. But it is even more important to learn not to trade when situtations do not permit.

http://forum.srilankaequity.com/t17843-applying-sun-tzu-s-art-of-war-to-trading?highlight=applying

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Thanks Asoka and Redbulls for the link.

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