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?

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.

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

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

You adapt, evolve, compete or die.

Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead.

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