![]() When in a losing position that’s making you uncomfortable, get out - ideally, you should use a stop-loss order that would get you out before it gets uncomfortable. So, the primary goal is to protect your capital.Īnd how do you do that? Always be in control: trade a position size that won’t affect your emotions. ![]() Yes, the ultimate goal is to make money, but you can’t make a dime if you lose your capital. You may think that trading is all about making money. The legendary trader, Paul Tudor Jones, made these quotes on separate occasions, but apparently, he’s trying to pass the same message: protecting your trading capital is key to achieving any success in trading. “The most important rule of trading is to play great defense, not great offense.” “Don’t focus on making money focus on protecting what you have.” “If you have a losing position that is making you uncomfortable, the solution is very simple: Get out…” “Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.” Trading quotes #44 - Alphonse Fletcher Jr.Trading quotes #26 - Stanley Druckenmiller.Quotes about trading #23 - Alexander Elder.Trading quotes #21 - Michael Steinhardt.Quotes about trading #18 - Marty Schwartz.Forex trading quotes #17 - Mark Douglas.Forex trading quotes #4 - Brett Steenbarger.
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