The Whole World Is Simply Nothing More

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.

You Adapt, Evolve, Compete Or Die.

If Trading Is Like Chess, Then Macro Is Like Three-dimensional Chess.

The Concept Of Paying One-hundred-and-something Times Earnings For Any Company For Me Is Just Anathema. Having Said That, At The End Of The Day, Your Job Is To Buy What Goes Up And To Sell What Goes Down So Really Who Gives A Damn About Pe's?

I Am More Scared Now That I Was At Any Point Since I Began Trading, Because I Recognize How Ephemeral Success Can Be In This Business. I Know That To Be Successful, I Have To Be Frightened. My Biggest Hits Have Always Come After I Have Had A Great Period And I Started To Think That I Knew Something.