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

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

Intellectual capital will always trump financial capital.

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

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.

When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion.

That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?