As I've told my three daughters, all of whom I've at one time encouraged to go into macro trading, any man or woman can do anything to which they set their heart and mind.
Interpretation
Anyone can achieve their dreams if they are truly dedicated and focused.
This quote by Paul Tudor Jones emphasizes the power of determination and commitment. It suggests that both men and women have the potential to accomplish any goal they are passionate about, particularly in the context of pursuing a challenging career like macro trading. The encouragement he provides to his daughters underscores the importance of believing in one's abilities and the significance of setting one’s heart and mind on a particular endeavor.
In practice
In a motivational speech to young graduates, you could say, 'As Paul Tudor Jones said, anyone can achieve their dreams if they set their heart and mind to it.'
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 you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.
I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have
You can not have significance in this life if it is all about you. You get your significance, you find your joy in life through service and sacrifice - it's pure and simple.
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 situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
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 your life a pursuit of happiness rather than pain?
I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.
But yeah, Ann [Trason] insisted, running was romantic; and no, of course her friends didn't get it because they'd never broken through. For them, running was a miserable two miles motivated solely by size 6 jeans: get on the scale, get depressed, get your headphones on, and get it over with. But you can't muscle through a five-hour run that way; you have to relax into it, like easing your body into a hot bath, until it no longer resists the shock and begins to enjoy it.
Drugs are not always necessary. Belief in recovery always is.
Enthusiasm needs to be effective enthusiasm. We must distinguish between the contribution and enthusiasm of the cheerleader and the enthusiasm of the player. While cheerleaders serve an important purpose, the real contest involves players on the field or on the court of life. We must not go through life acting only as enthusiastic cheerleaders available for hire; we must be anxiously and personally engaged.
Winners never quit and quitters never win.
I don't like to talk about my dreams. I like to make them happen. I prefer to talk about them when they're done.
The major reason for setting a goal is for what it makes of you to accomplish it. What it makes of you will always be the far greater value than what you get.
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