Failure Was A Key Element To My

I Believe That Great Success Is Possible In Any Field — From Music To Mathematics To Macro Trading.

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.

After Awhile Size Means Nothing. It Gets Back To Whether You're Making 100% Rate Of Return On 10k Or 100 Million Dollars. It Doesn't Make Any Difference.

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.

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