If Trading Is Like Chess, Then Macro

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 Spend My Day Trying To Make Myself As Happy And Relaxed As I Can Be. If I Have Positions Going Against Me, I Get Right Out; If They Are Going For Me, I Keep Them.

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

The Whole World Is Simply Nothing More Than A Flow Chart For Capital.