You Can Achieve Great Economic Gains By

As I've Told My Three Daughters, All Of Whom I've At One Time Encouraged To Go Into Macro Trading, Any Man Or Woman Can Do Anything To Which They Set Their Heart And Mind.

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.

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.

There's Such An Emphasis On Making Money That We've Really Taken The Humanity Out Of Business.

Where You Want To Be Is Always In Control, Never Wishing, Always Trading, And Always First And Foremost Protecting Your Ass. That's Why Most People Lose Money As Individual Investors Or Traders Because They're Not Focusing On Losing Money. They Need To Focus On The Money That They Have At Risk And How Much Capital Is At Risk In Any Single Investment They Have. If Everyone Spent 90 Percent Of Their Time On That, Not 90 Percent Of The Time On Pie-in-the-sky Ideas On How Much Money They're Going To Make, Then They Will Be Incredibly Successful Investors.