You Learn More From Your Losses, Than

You Adapt, Evolve, Compete Or Die.

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.

We Have Ripped The Humanity Out Of Our Companies. It's Threatening The Very Underpinnings Of Our Society.

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.

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.