Hello Traders,
Another nice day trading (live sim) in the crude oil market … $870 net on 2 contracts.
“The following is a philosophical truth. One thing does one thing, two things do four things. Think this through. If you are fighting a crowd or controlling a group, it is better to use two swords than one.” – Miyamoto Musashi
As I continue reading the Book of Five Rings, I stumbled across this passage in Musashi’s work.
If you think of only trading one contract, then your options are quite limited in what you can do as a trader in the markets.
If you think in terms of two contracts trading, then you have so many more options at your disposal. To fight with two swords … then you can have four things. This is an insight of pure wisdom and pure knowledge.
A lot of the Book of Five Rings can be interpreted to a day trader, trading the markets. Miyamoto goes on to talk about two swords: the long sword and the short sword.
Both of these swords has a purpose … the short sword for in-close combat – much like an early exit on a contract at a set profit target which the market will make more times than not.
In addition, the long sword is for ranged combat – much like you should have a runner on each trade to capture as much profit as you can …
Let Your Profits Run … but Take Profits on the Ride!
Good Trading,
David ‘Tiger’ Knight
P.S. Week of June 18th to 21st, 2012: Trade Summary Report
I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.
