Risk Quotes

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.

Trust me, pitfalls of early fame are always around. But you have to have the strength within yourself to say, “No!” Like tonight, I’d like to go out, and I have the freedom to do so. But I probably won’t because I can’t risk having my name associated with anything negative at this critical time. That’s just to protect my brain and my job. There’s no reason to play any games with a career I love.