“Since so much of the Japanese candle terminology is grounded on military terminology, we will look at stops in this context as well. Each trade you make is a battle –and you will have to do what even the greatest generals have to do: Make temporary, tactical retreats. A general’s goal is to preserve troops and munitions. Yours is to save capital and equanimity. Sometimes you must lose a few battles to win the war. The Japanese have a saying. “A hook’s well lost to catch a salmon”. If you are stopped out think of it as you would a lost hook. Maybe you will catch your prize with the next hook.”

– Steve Nison