Trading gives you an incredibly intense feeling of what life is all about.

And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.

First of all, never play macho man with the market. Second, never overtrade.

We have ripped the humanity out of our companies. It's threatening the very underpinnings of our society.

If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.

Don't be a hero. Don't have an ego.

After awhile size means nothing. It gets back to whether you're making 100% rate of return on 10k or 100 million dollars. It doesn't make any difference.