Trading Gives You An Incredibly Intense Feeling

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.

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.

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

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.

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.