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“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”
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“Intellectual capital will always trump financial capital.”
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“Every day I assume every position I have is wrong.”
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“Losers average losers.”
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“You adapt, evolve, compete or die.”
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“Trading is very competitive and you have to be able to handle getting your butt kicked.”
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“The whole world is simply nothing more than a flow chart for capital.”
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“At the end of the day, the most important thing is how good are you at risk control.”
- “Always think of your entry point as last night’s close.”
- “I will keep cutting my position size down as I have losing trades. When I am trading poorly, I keep reducing my position size. That way, I will be trading my smallest position size when my trading is worst.”
- “Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
- “Markets trend only about 15 percent of the time; the rest of the time they move sideways.”
