If life ever ceased to be an educational experience. I probably wouldn't get out of bed in the morning..

You adapt, evolve, compete or die..

There's such an emphasis on making money that we've really taken the humanity out of business..

Failure was a key element to my life’s journey..

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 s….

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 l….

Intellectual capital will always trump financial capital..

That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on one trade? Why not make y….

Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dea….

First of all, never play macho man with the market. Second, never overtrade..

There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end….

The whole world is simply nothing more than a flow chart for capital..

You learn more from your losses, than from your gains..

Trading gives you an incredibly intense feeling of what life is all about..

I believe that great success is possible in any field — from music to mathematics to macro 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.

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 ….

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….