If Trading Is Like Chess, Then Macro

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.

I'm Always Thinking About Losing Money As Opposed To Making Money. Don't Focus On Making Money, Focus On Protecting What You Have

The Secret To Being Successful From A Trading Perspective Is To Have An Indefatigable And An Undying And Unquenchable Thirst For Information And Knowledge.

Where You Want To Be Is Always In Control, Never Wishing, Always Trading, And Always First And Foremost Protecting Your Ass. That's Why Most People Lose Money As Individual Investors Or Traders Because They're Not Focusing On Losing Money. They Need To Focus On The Money That They Have At Risk And How Much Capital Is At Risk In Any Single Investment They Have. If Everyone Spent 90 Percent Of Their Time On That, Not 90 Percent Of The Time On Pie-in-the-sky Ideas On How Much Money They're Going To Make, Then They Will Be Incredibly Successful Investors.

There's Such An Emphasis On Making Money That We've Really Taken The Humanity Out Of Business.