Here are some notable quotes from the 80's (Yes 80's) PBS special "dealer", highlighting, Paul Tudor Jones and his partner Peter borish's trading strategies. I would like to thank Rodrigo for sending me this special, as I was not familiar with Jone's career. Even after a decade in business, you can learn one's craft from successful traders hoping tuning to keep.
What I found refreshing about Jones is its commitment to help underprivileged high school students and its commitment to pay as long as you finished high school for your college education. And more importantly, the issue of his time to intervene every week in your life.
"If life ever ceases to be an educational experience I would probably out be get out of bed."
When the headlines are extremely negative day after day and the market refuses to go, it is "tells a different story than what the headlines are." If the markets sell in the morning and afternoon bought, it is a sign of whole accumulation.
"After a while size means nothing." There will again be on whether you're making 100% yield of 10 k or $100 million. "It makes no difference."
"Trading requires an energy level, and it is very difficult to get it 24 hours a day, which is what requires." "To do the work law requires such an enormous concentration, you able to find To…it's physical and emotional mandatory to relax some time, and got, have to disable it like that."
"The whole world is nothing more than a flow chart for capital just."
"Where you want to be always trade is never want always in the control, and always, first and foremost protect your butt." That's why most people lose money than individual investors or as traders because you not focusing on losing money, you have on the money you may have. How much capital is at risk in each individual investment you have. "If everyone on 90% who spent rather than 90% of their time pie in the sky make ideas about how much money will it, then you incredibly successful investors would be."
On losing money and still "you will 100% payable interest me."
"Incumbent with a man on this earth is and has some kind of awareness for the rest of the folks out there to be that you need help, as I needed help 11 years ago." "All I do is payment back, and back, which I do the numbers is one that everyone owes it's only a question of whether people accept responsibility."
"I have ten children in the back of the car just yell out." "Which means that as long as I am that I am scared to death."
"There's nothing but air about this thing."
On picking a money manager wants "I which do not go the guy to panic, be not too emotionally involved, but which too hurt when he loses and if he wins he goes to a quiet confidence."
~ Quotes from Paul Tudor Jones
The market is simply a reflection of the people's behaviors and people tend to the same under similar circumstances behavior, "then history of market prices can give us a hint of what may happen in the near future."
"If it looks like a duck, acts like a duck and it sounds like a duck, it's probably no chicken."
Dynamics "you do not stop a train with also, there is a wall, a wall of the sale, the train by the brick wall and take a lot of bears."
After record highs on the indices are made, "people will sell, is the trade with easy to sell." When is a municipality in new high ground it has never been there and increased so high and so fast, well..."I want to sell it."
At risk can not "I sleep if I can't sleep."
~ Quotes from his partner at the time of the documentary, Peter borish
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