Sometimes Failure Is Merely Chasing You Off

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?

First If All, Never Play Macho Man In The Market. Second, Never Overtrade. My Major Problem Was Not The Number Of Points I Lost On The Trade, But That I Was Trading Far Too Many Contracts Relative To The Equity In The Accounts That I Handled.

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.

If Life Ever Ceased To Be An Educational Experience. I Probably Wouldn't Get Out Of Bed In The Morning.

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.