That Cotton Trade Was Almost The Deal

It Is Not That We Had Any Unfair Knowledge That Other People Didn't Have, It Is Just That We Did Our Homework. People Just Don't Want To Believe That Anyone Can Break Away From The Crowd And Rise Above Mediocrity.

The Most Important Rule Is To Play Great Defense, Not Great Offense. Everyday I Assume Every Position I Have Is Wrong. I Know Where My Stop Risk Points Are Going To Be. I Do That So I Can Define My Maximum Drawdown. Hopefully, I Spend The Rest Of The Day Enjoying Positions That Are Going In My Direction. If They Are Going Against Me, Then I Have A Game Plan For Getting Out.

First If All, Never Play Macho Man In The Market. Second, Never Overtrade. My Major Problem Was Not The Number Of Points I Lost On The Trade, But That I Was Trading Far Too Many Contracts Relative To The Equity In The Accounts That I Handled.

First Of All, Never Play Macho Man With The Market. Second, Never Overtrade.

I Always Believe That Prices Move First And Fundamentals Come Second