How To Use Sun Tzu's Art Of War To Win At Financial Trading: Chapter 3 |
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In this episode, Jesse Lau dives into the ancient wisdom of Sun Tzu's 'The Art of War' to shed light on successful strategies for modern financial trading. Drawing from the book's third chapter, "Attack by Stratagem," we dissect key points that echo across centuries, drawing clear parallels between the strategies of ancient warfare and the tactics we employ in the financial markets today. From prioritizing capital preservation to understanding when to enter or exit the market, we uncover the timeless wisdom that can guide today's traders to success. Join us in exploring how the Art of War can boost your financial acumen!"
Chapters: 00:00 Introduction 00:18 Point 1: Prioritizing Capital Preservation 00:52 Point 2: The Importance of Planning and Analysis 01:09 Point 3: The Power of Small Positions 01:35 Point 4: Avoiding Overcommitment 02:00 Point 5: The Role of the Trading System 02:24 Point 6: The Dangers of Greed, Anger, and Ignorance 02:44 Point 7: Knowing When to Trade and When Not to Trade 03:04 Point 8: Knowing the Market and Yourself 03:44 Reading of "Attack by Stratagem" from "The Art of War" |