Failure Was A Key Element To My

My Off-the-cuff Remarks At The University Of Virginia Were With Regard To Global Macro Traders, Who Are On-call 24/7 And Of Whom There Are Likely Only A Few Thousand Successful Practitioners In The World Today. Macro Trading Requires A High Degree Of Skill, Focus And Repetition. Life Events, Such As Birth, Divorce, Death Of A Loved One And Other Emotional Highs And Lows Are Obstacles To Success In This Specific Field Of Finance.

I Believe That Great Success Is Possible In Any Field — From Music To Mathematics To Macro Trading.

And Then At The End Of The Day, The Most Important Thing Is How Good Are You At Risk Control. Ninety-percent Of Any Great Trader Is Going To Be The Risk Control.

Failure Was A Key Element To My Life’s Journey.

I Spend My Day Trying To Make Myself As Happy And Relaxed As I Can Be. If I Have Positions Going Against Me, I Get Right Out; If They Are Going For Me, I Keep Them.