"I always think about losing money as opposed to making money," he said.
"Back then, in that cotton trade, I had a vision of July going to 89 cents and I thought about all the money I was going to make on 400 contracts," he said. "I didn't think about what I could lose."After the trade, Jones was so beaten down that he almost threw in the towel. In the years following, Schwager said Jones went on to crush the market. His cotton trade served as a prime example of what could go wrong if position sizing and ego get the better of him.
Without further ado, here are the seven trading rules that Jones lives by. All quotes are from Jones.2. "Decrease your trading volume when you are trading poorly; increase your volume when you are trading well."For context, Jones says he never makes big trades before the release of "key reports."
Golden rules to live by
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Look inside President Trump and Larry Ellison's relationship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. what's going to happen to these corrupt deals when Trump is defeated.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Inside Sunrun and Vivint Solar's historic $3.2 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Gold shortages are here and increasing. Sandstorm Gold is going to have INCREDIBLE cash flow for next decade. $1800+ Gold spot price certainly does not hurt!
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wowed by this house!
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Inside Benetti's 353-foot hybrid gigayacht 'Luminosity' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I may be mistaken but I think it's currently docked in Portofino, Italy. My offer, 1 Bitcoin
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Investing strategy: Paul Tudor Jones shares 7 timeless trading rules - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. But the bills come every month. This phrase can be just easy for someone who lives under the bridge or is a billionaire. XeuleBot Dam
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Peter Thiel invested in Alexander Liegl and Layer1 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »