Traders Laboratory - View Single Post - Zen and the Art of Poker
View Single Post
  #2 (permalink)  
Old 03-29-2008, 02:23 PM
DbPhoenix's Avatar
DbPhoenix DbPhoenix is offline
DbPhoenix is The Ring-Bearer

Trader Specs
 
Join Date: Feb 2008
Location: USA
Posts: 804
Thanks: 108
Thanked 823 Times in 285 Posts
Blog Entries: 46
Re: Zen and the Art of Poker

RULE #1: Learn to use inaction as a weapon.

Most of the time, the market is indeed random. One can only win consistently by avoiding activity most of the time and trading only the few times during the day when a high probability trade occurs. It is our job as traders to wait more than we trade. (William)


Last edited by MrPaul; 03-31-2008 at 07:08 PM.
Reply With Quote
The Following 12 Users Say Thank You to DbPhoenix For This Useful Post:
atto (06-24-2008), Bonrat (04-10-2008), CandleWhisperer (03-29-2008), FX_Cowboy (04-02-2008), greenmark (04-08-2008), Jaronimo (04-03-2008), JBWTrader (04-11-2008), namstrader (03-30-2008), peaktrade (04-05-2008), rodney (04-13-2008), shreem (03-29-2008), smwinc (03-30-2008)