Failure Was A Key Element

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.

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?

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.

Intellectual Capital Will Always Trump Financial Capital.

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