Five lessons from 'The Art of War' for a trader, if Sun Tzu wrote about the markets:
1. There is a time to trade and a time to just watch. Those who cannot distinguish one from the other lose money instead of making it.
2. A true trader is like a scout. He must be able to act in any conditions: up, down, sideways, or complete chaos.
3. Emotions are the main enemy. In the euphoria after profit, deposits are burned. In depression after a loss, discipline breaks down.
4. The trader's job is not to jump after candles but to sit and wait for his signal. Like a hunter in ambush.
5. Those who can blindly follow their system, without arguing with it, without showing off, and without succumbing to their ego — they are the ones who take the prize.
No magic. Only discipline, patience, and respect for the market. Everything else is noise.