1. “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”

  2. “Intellectual capital will always trump financial capital.”

  3. “Every day I assume every position I have is wrong.”

  4. “Losers average losers.”

  5. “You adapt, evolve, compete or die.”

  6. “Trading is very competitive and you have to be able to handle getting your butt kicked.”

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

  8. “At the end of the day, the most important thing is how good are you at risk control.”

  9. “Always think of your entry point as last night’s close.”
  10. “I will keep cutting my position size down as I have losing trades. When I am trading poorly, I keep reducing my position size. That way, I will be trading my smallest position size when my trading is worst.”
  11. “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.”
  12. “Markets trend only about 15 percent of the time; the rest of the time they move sideways.”