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

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.

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

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.

You adapt, evolve, compete or die.