Advice to traders

There will be times when your calculations misfire; what had seemed to be easy campaign will turns out hard.  Not everything can foresee. Not only it is important to pick your battle carefully , then , but you must also know when to accept your losses and quit.

In 1971 the boxers Mohammed Ali and Joe Fraizer , both at the heights of their career , met for the world heavy weight championship. It was a grueling match and one of the most famous match in the history of world boxing. Fraizer won by decision after nearly knocking out Mohammed Ali in 14 th round. But both men suffered horribly in the fight ; both threw lot of punches . Ali wanted revenge and he gained a rematch in 1974 – another 15 round grueling match and won by decision. Both boxers were unhappy, they wanted more conclusive result. So they met again in 1975 in the famous ‘Thrilla in Manila ‘ . This time Ali won the match , but neither man were the same again : these three matches had taken two much out of  them which shortened their careers. Pride and anger had taken their power.

Let us not fall into the trap of anger and revenge ; know when to stop.

Source : The 33 strategies of war written by Robert Green