I always believe that prices move first and fundamentals come second
Intellectual capital will always trump financial capital.
First of all, never play macho man with the market. Second, never overtrade.
That cotton trade was almost the deal breaker for me. It was at that point that I said, โMr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?
Failure was a key element to my lifeโs journey.
I believe that great success is possible in any field โ from music to mathematics to macro trading.