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.
Interpretation
Anyone can achieve their dreams if they are truly dedicated and focused.
This quote by Paul Tudor Jones emphasizes the power of determination and commitment. It suggests that both men and women have the potential to accomplish any goal they are passionate about, particularly in the context of pursuing a challenging career like macro trading. The encouragement he provides to his daughters underscores the importance of believing in one's abilities and the significance of setting one’s heart and mind on a particular endeavor.
In practice
In a motivational speech to young graduates, you could say, 'As Paul Tudor Jones said, anyone can achieve their dreams if they set their heart and mind to it.'
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.
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 can not have significance in this life if it is all about you. You get your significance, you find your joy in life through service and sacrifice - it's pure and simple.
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.
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?
I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.
I don't apologize for anything. When I make a mistake, I take the blame and go on from there. I just despise to lose, and that has taken a man of mediocre ability and made a pretty good coach out of him.
Whatever course you have chosen for yourself, it will not be a chore but an adventure if you bring to it a sense of the glory of striving.
Stand up, be bold, be strong._x000D_ _x000D_ Take the whole responsibility on your own shoulders,_x000D_ _x000D_ and know that you are the creator of your own destiny.
If winning isn't everything why bother to keep the score?
Fight one more round. When your arms are so tired that you can hardly lift your hands to come on guard, fight one more round. When your nose is bleeding and your eyes are black and you are so tired that you wish your opponent would crack you one on the jaw and put you to sleep, fight one more round - remembering that the man who always fights one more round is never whipped.
Good morning, this is God. I will be handling all of your problems today. I will not need your help, so have a miraculous day.
Subscribe for the occasional hand-picked quote. No noise.