I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you h….

Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes..

There is another point that I think is as important: You should expect the unexpected in this business; expect the extreme. Don’t think in terms of b….

You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. Wh….

Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wro….

I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybod….

When you are getting beat to death, get your head out of the mixer..

Trading decisions should be made as unemotionally as possible..

When things aren't going right, don't push, don't press..

When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists..

I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline..

I could trade without knowing the name of the market..

The market being in a trend is the main thing that eventually gets us in a trade. That is a pretty simple idea. Being consistent and making sure you ….

You should always have a worst case point. The only choice should be to get out quicker..

A good trend following system will keep you in the market until there is evidence that the trend has changed..