There's Such An Emphasis On Making Money

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

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

You Learn More From Your Losses, Than From Your Gains.

Fundamentals Might Be Good For The First Third Or First 50 Or 60 Percent Of A Move, But The Last Third Of A Great Bull Market Is Typically A Blow-off, Whereas The Mania Runs Wild And Prices Go Parabolic... 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.

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.