Famous quotes from the greatest traders of all time, Paul Tudor Jones
No doubt the best way to learn is from those who are successful in the market. Let’s summarize and look back on what we can learn from the greatest traders of all time, Paul Tudor Jones.
Quote 1: “Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt. After a while size means nothing. It gets back to whether you’re making 100% rate of return on $10,000 or $100 million dollars. It doesn’t make any difference.”
Quote 2: “I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have”
Quote 3: “Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
Quote 4: “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”
Quote 5: “The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out.”