Paul Tudor Jones is considered one of the most successful traders. He is still on the stage running his fund and although he is not generating as big of a return as he used to in his prime, his wisdom remains one of the most profound and essential in the market.
Here are some of his memorable and valuable quotes on trading and investing:
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) Macro-trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.
3) I believe that great success is possible in any field - from music to mathematics to macro trading.
4) At the end of the day, the most important thing is how good are you at risk control.
5) 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.
6) Markets trend only about 15 percent of the time; the rest of the time they move sideways.
Very interesting quotes!
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