You Adapt, Evolve, Compete Or

I Believe The Very Best Money Is Made At The Market Turns. Everyone Says You Get Killed Trying To Pick Tops And Bottoms And You Make All Your Money By Playing The Trend In The Middle. Well For Twelve Years I Have Been Missing The Meat In The Middle But I Have Made A Lot Of Money At Tops And Bottoms.

If Trading Is Like Chess, Then Macro Is Like Three-dimensional Chess.

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

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.

There's Such An Emphasis On Making Money That We've Really Taken The Humanity Out Of Business.