The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is obser….

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperatu….

In 1983, I set up Caxton Corp. Its been an interesting and happy ride since..

If you don't work very hard, it is extremely unlikely that you will be a good trader..

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks..

Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with ….

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should b….

Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm getting out before I get in. The positio….

The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for ….

Michael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars. He showed me that if you ap….

Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you thin….

Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum do….

In a bear market, you have to use sharp countertrend rallies to sell..

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally..

If you personalize losses, you can't trade..