Don't Be A Hero. Don't Have An

Trading Gives You An Incredibly Intense Feeling Of What Life Is All About.

My Off-the-cuff Remarks At The University Of Virginia Were With Regard To Global Macro Traders, Who Are On-call 24/7 And Of Whom There Are Likely Only A Few Thousand Successful Practitioners In The World Today. Macro Trading Requires A High Degree Of Skill, Focus And Repetition. Life Events, Such As Birth, Divorce, Death Of A Loved One And Other Emotional Highs And Lows Are Obstacles To Success In This Specific Field Of Finance.

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.

There Is No More Compassionate And Effective Way To Help Poor People In New York City Than To Give To Robin Hood.

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.