Paul Tudor Jones-top ten trading quotes
I consider myself a premier market opportunist. That means I develop an idea on the market and pursue it from a very-low-isk standpoint until I have repeatedly been proven wrong, or until I change my viewpoint.
Paul Tudor Jones
I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them.
Paul Tudor Jones
The most important rule of trading is to play great defense, not great offense.
Paul Tudor Jones
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.
Paul Tudor Jones
Don’t focus on making money, focus on protecting what you have.
Paul Tudor Jones
I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.
Paul Tudor Jones
When I trade, I don’t just use a price stop, I also use a time stop. If I think a market should break, and it doesn’t, I will often get out even if I am not losing any money.
Paul Tudor Jones
Every day I assumed ever 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. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out.
Paul Tudor Jones
I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.
Paul Tudor Jones
Don’t be too concerned about where you got into a position. The only relevant question is whether you are bullish or bearish on the position that day. Always think of your entry point as last night’s close.
Paul Tudor Jones
Category: Traders
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