I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

In 1983, I set up Caxton Corp. Its been an interesting and happy ride since.

If you personalize losses, you can't trade.

The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is observed by speculators the more prone you have false signals; the more the market is a product of nonspeculative activity, the greater the significance of technical breakout

Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm getting out before I get in. The position size on a trade is determined by the stop, and the stop is determined on a technical basis... I never think about [stop vulnerability], because the point about a technical barrier - and I've studied the technical aspects of the market for a long time - is that the market shouldn't go there if you are right.

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperature.