Failure Was A Key Element To My

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.

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.

Fundamentals Might Be Good For The First Third Or First 50 Or 60 Percent Of A Move, But The Last Third Of A Great Bull Market Is Typically A Blow-off, Whereas The Mania Runs Wild And Prices Go Parabolic... 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 Of A Bear Market.

Failure Was A Key Element To My Life’s Journey.

First Of All, Never Play Macho Man With The Market. Second, Never Overtrade.