Trading rules of Paul Tudor Jones

XRAY27

Well-Known Member
#1
‘What are the trading rules you live by?’ he talks about not averaging losers, position size, risk, and entries, before saying:
“The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum possible drawdown.”

“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’re dead,” and “If you made a good trade, don’t think it is because you have some uncanny foresight. Always maintain your sense of confidence, but keep it in check.”

Details of Paul Tudor Jones
http://en.wikipedia.org/wiki/Paul_Tudor_Jones
 

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