I always believe that prices move first and fundamentals come second

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.

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.

First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost on the trade, but that I was trading far too many contracts relative to the equity in the accounts that I handled.

If life ever ceased to be an educational experience. I probably wouldn't get out of bed in the morning.

Failure was a key element to my life’s journey.

There's such an emphasis on making money that we've really taken the humanity out of business.