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.

I believe that great success is possible in any field — from music to mathematics to macro trading.

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

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.

If trading is like chess, then macro is like three-dimensional chess.

The whole world is simply nothing more than a flow chart for capital.

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