The Concept Of Paying One-hundred-and-something Times Earnings

Don’t Ever Average Losers. Decrease Your Trading Volume When You Are Trading Poorly; Increase Your Volume When You Are Trading Well. Never Trade In Situations Where You Don’t Have Control. For Example, I Don’t Risk Significant Amounts Of Money In Front Of Key Reports, Since That Is Gambling, Not Trading.

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.

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.

If I Have Positions Going Against Me, I Get Right Out; If They Are Going For Me, I Keep Them Risk Control Is The Most Important Thing In Trading. If You Have A Losing Position That Is Making You Uncomfortable, The Solution Is Very Simple: Get Out, Because You Can Always Get Back In.