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

I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them.

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.

Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.

Sometimes failure is merely chasing you off the wrong road and onto the right one.

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

I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have