Trading is the most difficult of sports: nowhere else does one begin a career by opposing the world’s most accomplished professionals.
Extreme trading size produces extreme emotional outcomes, leaving traders with certain trauma or addiction.
A universal trade setup: Hope, then despair.
Fidelity to purpose: the mark of good trades and great traders.
Mentors cannot achieve more for you than they have accomplished for themselves.
Date markets before deciding to marry them.
Addiction: when the desire to trade exceeds the desire to make money.
Good traders master a market; great traders master markets.
Success is the point at which talent meets opportunity.
Work without talent is drudgery; talent without work is self-betrayal.
Psychology can never substitute for skill.
Trading is the only sport in which the rules governing the players change constantly –
and without notice.